George Karam

Experience

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  HMH - Hospitality Management Holdings

  Dec 2009 - Jun 2013

  Financial Controller

  Ensure all taxation and legislative requirements are complied at all times, conduct on a monthly basis balance sheet reconciliation for review by owners and management.Update ''chart of accounts '' monthly to reflect account management activities.Ensure the monthly reconciliation of all ledgers and sub-ledgers, ensure revenue and expenses are allocated correctly.Ensure monthly accruals are adjusted to meet demands of the Business.Ensure that debtors is monitored and collections are consistent with set company with frames.Co-ordinate and prepare annual budgets, including operating and capital expenditure.Ensure the accurate preparation / reporting of monthly financial results in strict accordance with company deadlines.Ensure all asset management to be monitored and effectively accounted for,m ensure on monthly basis that the general ledger is reconciled to the assets register.Supervising the daily operation of the Finance department,bank reconciliations, maintaining the balance sheet and P&L for the hotel,following up on contracts and prepayments , doing the payroll with all follow ups with banks. Weekly forecasting revenue and expenses with analyzing the break even,. Show less

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  Basra International Hotel

  Jul 2013 - Jan 2014

  Financial Controller

  Reported directly to Owner representative and General managerOversight over 30 employees in more than one department.Budget implementation for the hotel.Created new procedures and reporting protocol for the hotel.

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  Fairouz Group

  Sept 2013 - Jul 2014

  Financial Controller

  The job says it all — I am handling the accounts. It's just that in the hospitality industry you'll be doing it in the vibrant atmosphere of a hotel, contract caterer, pub or restaurant company rather than in a stuffy corporation.Key responsibilities include:Producing and analysing all financial information, such as monthly profit and loss accountsMaximising revenueEnsuring that accurate accounting records are kept of the income and expenditure of the businessProviding information to management to assist in forecasting and budgetingProviding the owners with balance sheet reflecting the movements of the companyProviding owners and management with a different financial studies where we reflect the figures in comparison with all outlets.Training and motivating team of 8.Installing Micros , sun system and materials control in outlets and head office in coordination with support team of Jordan.Reporting directly to owner and managing director.In charge of inventory control, write off, min/max level , inventory turnover.Establishing company policies. Show less

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  Regency Palace Hotel

  Apr 2014 - Mar 2016

  Financial Controller

  Report directly to owner and provide insightful decision supportResponsible for internal/external accounting, reporting and financial analysis.Analyze and report actual operating performance against budgets , forecasts and trends.Improve financial ratio to above selling average.Fixed assets management , acquisition and disposalManaging , mentoring and developing team of 7.Responsible of banking and auditing function.Responsible for VAT,NSSF and CNSS declaration.Perform financial statement on monthly, quarterly and yearly basis as per IFRS. Show less

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  Bay lodge boutique hotel

  Sept 2014 - Dec 2014

  Financial Consultant

  As Consultant, I meet personally with Owners to assess their financial situation in order to present a financial plan that includes both short- and long-term financial goals. Help with financial planning decisions day-to-day expenses and investments.Preparing monthly financial statements.Collecting, analyzing and interpreting data and statistics.Undertaking research into the industry sector, markets and competitors

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  Golden Tulip Galleria Hotel

  Mar 2016 - Oct 2016

  Financial Controller

  Report directly to general manager and provide insightful decision supportFully in charge of the installation and implementation of SUN accounting system including not limited to all trial balance transaction codes.Assisted with the installation and implementation of Opera billing system, responsible for all ledgers and reservations tallying during the shifting periodResponsible for upgrading MICROS billing food & beverage and other revenue system, taking into consideration all menu items pricingImplemented full pack reporting including P&L, BS and cash flow as per the IFRS and the updated uniform system of accounts for the lodging industry.Coaching and mentoring team of 5. Show less

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  Cristal Hotels and Resorts, Abu Dhabi

  Jan 2017 - Aug 2021

  Joined Cristal Amaken a beautiful 4 stars property at the early stagesof the preopening and I was fully in charge of the following:* Choosing and ordering full property turnkey of operating suppliesand equipment including room guest linen , F&B linen and all outletschinaware , flatware and glassware.*Choosing and ordering hotel minibar , safe boxes & kettles*Choosing and ordering room numbers signage and in room deskchairs*Choosing and ordering gym equipment*Choosing and ordering offices and public area hardware*Fully engaged in hotel software implementation "Opera, MC, SUN,Symphony and Bayan payroll system.*In charge of making the deal with STC concerning internet & trunklines implementation.*Choosing and ordering hotel Car Fleet*Deciding and supervising hotel indoor signage and facade lighting.*Distributing offices and ordering office furniture*In charge of distributing hotels various stores and orderingshelving.*In charge of deciding where to store the OSE and procedure fordistribution*Screening , Shortlisting , interviewing and part of decision makingabout HODs recruitment*Purchasing staff accommodation furniture*Choosing and distributing staff accommodation*Preparing the preopening expenses budget for preopening and postopening phase*Was part of weekly on site contractors meeting representing theoperator Show less Pre-opening of this great project in Abha, KSA. A 5* Hotel that opened in July.Responsible for all the preparation for Finance Department through detailed critical path that cover all areas from legal, audit , licensing, insurance,manning , employee benefits,internal procedures , stationery , formats and full finance P&P.Preparation of all storage rooms, Responsible of all the Purchasing for the department.Been Part of the decision making for ordering all operating supplies and equipment.Followed up the hotel assets deliveries including not limited to all required logistics to arrive on site.Responsible of Interviewing and training for the Department.Fully Responsible of the configuration for Opera, Micros , MC , Sun accounting system and Bayan Payroll SystemStart all the standards and procedure for the Department and the daily operation day.Report Directly to GM and in direct contact with CEO and Owners.Coaching and mentoring a team of 8. Show less

  • Financial Controller

    Jun 2018 - Aug 2021

  • Financial Controller

    Jan 2017 - May 2018
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  Rotana Hotel Management Corporation PJSC

  Aug 2021 - May 2022

  Cluster Financial Controller

  • Overall management of the accounting records and financial reports of the hotel, ensuring compliance with company, owner, statutory and fiscal requirements.• Compliance with the management agreement.• Provide an effective and efficient control through focused system of internal control.• Monitor compliance with company policy and accounting procedures.• Ensure legal and tax compliance and that adequate insurance cover is maintained.• Develop best practice financial accounting and control procedures.• Support and advice the management team on financial and commercial matters.• Manage the formulation, review and approval of budgeting and strategic planning within the hotel.• Ensure a regular cycle of forecasting is taking place with content and detail appropriate to the needs of the operation. Show less

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  Crowne Plaza Sohar

  May 2022 - Jul 2023

  Finance & Business Support Manager
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  Kempinski Summerland Hotel & Resort Beirut

  Jul 2023 - now

  Director of Finance