Mohamed Ikram
Addu City,Maldives
Summary
Accomplished Finance Manager with a strong motivation for results and a wealth of experience in financial management, seeking to pivot into a new career within the hospitality industry. Demonstrated expertise in strategic planning and successful execution of initiatives to attain organizational objectives. Possess excellent leadership, and teamwork capabilities.
Overview
18
18
years of professional experience
Work History
Manager, Finance
One&Only Reethi Rah, Maldives
, Maldives
10.2017 - Current
- As a Finance Manager, successfully spearheaded comprehensive financial management encompassing budgeting, forecasting, and financial analysis.
- Collaborative approach extended to working closely with department heads and senior management to align financial strategies with organizational objectives, ensuring a seamless integration of financial goals.
- Dedication to compliance shone through in meticulous handling of all local tax authorities' requirements, from timely filings to payments.
- Consistently prepared monthly financial statements, variance reports, and KPI analyses to facilitate informed decision-making and proactively identified cost control opportunities while supporting revenue enhancement initiatives.
- Role also included managing internal, external, and regulatory audits to maintain a robust control environment and enforcing accounting policies and procedures to foster operational efficiency.
- Additionally, oversaw creditor payments, optimizing cash flow, and nurturing strong relationships with creditors.
- Contributions extended to producing comprehensive financial reports on budgets, payables, receivables, expenses, and actual performance.
- Actively collaborated with various departments and liaised with auditors to ensure financial health and compliance.
- Attention to detail also extended to reviewing monthly balance sheet reconciliations, identifying and addressing areas of concern, and implementing effective solutions to ensure the accuracy of financial balance sheet accounts.
Assistant Manager, Financial Analysis
One&Only Reethi Rah, Maldives
, Maldives
01.2013 - 09.2017
- In this role as an Accounts Executive, I meticulously prepared weekly cash reports submitted to the Director of Finance. Closely monitored cash balances and fostered harmonious coordination among various departments for daily collections, payables, and bank reconciliations. Contributed to timely and accurate recording of cash transactions, maintaining a well-maintained general ledger, and facilitating efficient month-end closing procedures.
- Spearheaded Balance Sheet reconciliations and schedules for monthly reviews, providing clear financial insights and guiding key decisions.
- Actively facilitated cross-departmental coordination, contributing to precise monthly Income Statements and Balance Sheets. Maintained financial data, with a focus on intercompany reconciliations for effective financial management.
- Led departmental Profit & Loss (P&L) updates and supported monthly forecasting and annual budget exercises. Introduced process improvements and strengthened internal controls for enhanced financial operations.
- Supervised Accounts Payable team, ensuring accurate and timely invoice processing, purchase order verification, and resolution of supplier issues. Managed payables, supplier reconciliations, and accruals.
- Collaborated with Tax Accountant and assisted external auditors during annual and interim audits, maintaining strict confidentiality and compliance with accounting policies and local regulations.
Account Executive
One&Only Reethi Rah, Maldives
, Maldives
06.2010 - 12.2012
- In this role as an Accounts Executive, I meticulously prepared weekly cash reports submitted to the Director of Finance. Closely monitored cash balances and fostered harmonious coordination among various departments for daily collections, payables, and bank reconciliations. Contributed to timely and accurate recording of cash transactions, maintaining a well-maintained general ledger, and facilitating efficient month-end closing procedures.
- Spearheaded Balance Sheet reconciliations and schedules for monthly reviews, providing clear financial insights and guiding key decisions.
- Actively facilitated cross-departmental coordination, contributing to precise monthly Income Statements and Balance Sheets. Maintained financial data, with a focus on intercompany reconciliations for effective financial management.
- Led departmental Profit & Loss (P&L) updates and supported monthly forecasting and annual budget exercises. Introduced process improvements and strengthened internal controls for enhanced financial operations.
- Supervised Accounts Payable team, ensuring accurate and timely invoice processing, purchase order verification, and resolution of supplier issues. Managed payables, supplier reconciliations, and accruals.
- Collaborated with Tax Accountant and assisted external auditors during annual and interim audits, maintaining strict confidentiality and compliance with accounting policies and local regulations.
Accounts Payable Officer
One&Only Reethi Rah, Maldives
, Maldives
07.2006 - 12.2010
- Appointed as the Accounts Payable Officer I assumed leadership of the team to ensure the precise and timely processing of invoices in strict adherence to financial protocols.
- Oversight of direct expense payments, supervision of prepayment requests, and diligent verification of invoice details were carried out to prevent discrepancies.
- Effective interdepartmental coordination, coupled with seamless communication with suppliers and banking institutions, upheld the efficiency and accuracy of the Accounts Payable process.
- Notably, contributions to process enhancements, audit readiness, document management, and meticulous financial record-keeping were instrumental in maintaining a well-organized and compliant financial operation.
- An unwavering commitment to confidentiality, an acute attention to detail, and a professional demeanor in responding to inquiries via telephone and email were consistently demonstrated.
Cost Clerk
One&Only Reethi Rah, Maldives
, Maldives
01.2006 - 06.2006
- In the role of Cost Clerk, responsibilities included the diligent collection and verification of daily expense-related documents under the guidance of the Cost Control Manager.
- The position entailed the accurate recording of all expense transactions, the maintenance of detailed records, and oversight of item movement, par levels, and inventory management.
- Active contributions were made to inventory control, spot inspections, and ensuring timely supplier payments by preparing receiving batches for the Accounts Payable department.
- Additionally, a range of monthly reports, including reconciliation reports, variance reports, and consumption reports, were regularly prepared.
- The role also involved activities such as recipe costing, yield testing, and menu engineering, all aimed at streamlining cost control processes.
- A steadfast commitment to rigorous inventory management, aging reports, and the prevention of item expiration was maintained while conducting thorough inventories in designated stores.
Education
GCSEs - Accounting, Fisheries Science, Commerce and Mathematics
Edexcel International
Transaction Accounting & Office Practice and Procedures
ACCA Technical Level A
Maintaining Financial Records/Accounts, Cost Accounting System, Information Technology Process
ACCA Technical Level B
Business and Technology (BT), Management Accounting (MA) & Financial Accounting (FA)
Applied Knowledge Level
Corporate and Business Law - English (LW - ENG)
ACCA Applied Skills Level
Diploma in Accounting and Business -
MAPS College
Skills
- Financial analysis
- Budgeting and Forecasting
- Financial Reporting
- Audit and Internal Controls
- Management accounting
- Cashflow forecasting
- Financial reporting and analysis
Reference
Mohamed Sharaf
Manager, Human Resources
One&Only Reethi Rah, Maldives
North Malé Atoll, Maldives
D +960 6648800 M: +960 7837624
E: Mohamed.Sharaf@oneandonlyreethirah.com | W: oneandonlyreethirah.com
Timeline
Manager, Finance
One&Only Reethi Rah, Maldives
10.2017 - Current
Assistant Manager, Financial Analysis
One&Only Reethi Rah, Maldives
01.2013 - 09.2017
Account Executive
One&Only Reethi Rah, Maldives
06.2010 - 12.2012
Accounts Payable Officer
One&Only Reethi Rah, Maldives
07.2006 - 12.2010
Cost Clerk
One&Only Reethi Rah, Maldives
01.2006 - 06.2006
GCSEs - Accounting, Fisheries Science, Commerce and Mathematics
Edexcel International
Transaction Accounting & Office Practice and Procedures
ACCA Technical Level A
Maintaining Financial Records/Accounts, Cost Accounting System, Information Technology Process
ACCA Technical Level B
Business and Technology (BT), Management Accounting (MA) & Financial Accounting (FA)
Applied Knowledge Level
Corporate and Business Law - English (LW - ENG)
ACCA Applied Skills Level
Diploma in Accounting and Business -
MAPS College
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