Maxim Menezes

Maxim Menezes

Chief Accountant at Hanali Group WLL
Lives in Manama, Bahrain
over 6 months ago

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22 years of Hospitality Experience as Financial Controller, Accounts Manager, Accounts Supervisor in Regional as well as International Chain Hotels. Excellent knowledge of ERP packages like Sun systems, Micros, Opera & Material control.

Hands on Experience on Purchasing, Payroll, Credit Control, Budgeting, Forecasting.

Dealt with Big 4 Auditing firms and Knowledge of VAT and Middle East Taxation.


  • Chief Accountant

    Hanali Group WLL - Manama, Bahrain

    April 2018 - Now · 9 months

    Heading the finance Department and reporting to directors, overseeing the accounting functions Accounts payable, Accounts Receivable, Purchasing, Banking and inventory management. Setting up Accounting, Purchasing, Material Control and Micros setup and integration Advising on costing, price fixing, cash flow and other financial inputs Advising on HR Related SOPs, GOSI, LMRA and staff matters Involved in Staff recruitment and development Vendor selection and management Handling overseas procurement, logistics and clearing Handling the Accounting and book-keeping of Subsidiaries of Hanali Group W.L.L

  • Financial Controller

    The Palace Boutique Hotel - Manama, Bahrain

    May 2012 - February 2017 · 4 years and 10 months

    Job Summary: Providing effective financial leadership to a finance team, to enable strategic foresight into the business and also provide knowledgeable and accurate information to colleagues and senior management Supervised: o Budgeting, cash control, managing cash flow, forecasting, training of Finance Associates, daily revenue reporting, month-end closing, accounts payable, accounts receivable, payroll, IT & infrastructure o Store, purchasing, receiving and monitoring stock levels and guiding team for proper actions Managed: o Property insurance, vehicle insurance and fidelity insurance o Cost Control and monitoring food & beverage costs, in-case of increase in beverage prices and arranging menu costing o Allocation of Expenses, arranging Prepayments and recording o Staff and property accruals monthly and yearly basis o Pre-opening of new projects and book-keeping o All overseas purchases, importing, negotiations, preparing LPOs, logistics and clearing o Bank, General Ledger and A&L reconciliation o Capital expenditure, revenue expenditure and owners fund Revived hotels contracts, agreements and lease and arranged for renewals Monitored: o Cash, credit card and debtors collections daily, recording and reviewing cashier reports o HR Department in the absence of HR Manager and sourcing and recruitment Analyzed revenue, expenses, staff and rooms from time-to-time Developed Govt. tax statements and ensuring payment on time Created asset register and depreciation schedule for year-end audit Dealt with Banks, Insurance Brokers, Owning Company, Company Subsidiaries, Auditors and Legal Departments Highlights: Contributed in delivering support in the implementation of Cost & Payroll Analysis which resulted in a cost saving around 10% Acted as a part of the team to establish setting up two New Entities (i.e. Al Amriya Hospitality WLL & Masso Restaurant SPC), controls & systems to ensure operational excellence and reduce the risk Created/updated existing Finance & purchase SOPs Achieved yearly savings in beverage cost by 2% while negotiating with liquor vendors and achieved purchase targets Prepared Budgets for the Al Amriya Hospitality Group from 2012 to 2017 During my tenure implemented Opera, Micros, Fidelio Material Control, Payroll systems.

  • Accounts Manager

    Gama Hotel Management - Manama, Bahrain

    December 2010 - May 2012 · 1 year and 6 months

    Managed all Finance Department functions and reported to the owners Spearheaded a team of 5 Accounting Staff Developed Financial Statements and MIS Reporting Cash flow, Budgeting, forecasting & P&L Analysis Supervised Store, Purchasing and cost control Managed payroll, Cash Control, Contracts & lease

  • Accounts Supervisor

    Doha Marriott Hotel - Doha, Qatar

    May 2007 - August 2010 · 3 years and 4 months

    Supervised income, night audit, cost control, store & receiving, general cashier and accounts payable & payroll sections Prepared journal entries and auditing those prepared by others Verified and approved payments including monthly payroll Managed month-end closing, prepared and posted monthly journals, prepaid journals, payroll Journals, accruals and finalized profit & loss account and balance sheet Monthly Reconciliation of General Ledger Accounts (Assets & Liabilities) including bank reconciliations Interfaced with Banks for daily banking discrepancies and deposit verifications Created monthly: o Upload reports, validated and sending to Head Quarters. o P&L Critique files and arranged meeting with DOF & Department Heads o Corporate reports, owners reports and auditing for accuracy those prepared by others o Forecast of Revenue and expenses by coordinating with Revenue Manager and Depts. o Carry out Internal Audits as per ISOP Schedule Interacted with internal and external auditors during half yearly and yearly audits Arranged daily briefings and monthly departmental meetings Monitored capital expenditure control, maintained the fixed asset inventory, maintained pertinent records and ensured adequate treatment of fixed asset acquisitions and retirements Achievements: • Prepared 2009 & 2010 budget and business plan and budget spread in coordinating with Director of Finance. • Recommended for the Supervisor of the quarter. • Worked independently in the absence of Finance controller for more than 1 & half year and reported directly to Director of Finance. • Implemented internal controls in revenue and cash control and attained best internal audit scores in the region during 2008 & 2009.


  • Bachelor of Commerce

    Mangalore University - Mangaluru, India

    May 1992 - May 1995

    Subjects covered are Accounting, Commercial Law, Auditing, Taxation, Costing, Banking, Sales & Marketing, Statistics

  • Diploma in Computer Applications

    Manipal University - Dubai, United Arab Emirates

    May 1990 - May 1992


  • Kannada
    Native or fluent
  • Hindi
    Native or fluent
  • English
    Native or fluent


  • Accounting
  • Auditing
  • Budgeting
  • Cash Flow Management
  • ERP Oracle
  • Financial acumen
  • Financial reports
  • GAAP
  • General Ledger
  • IFRS
  • Internal Controls
  • Purchasing
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