Tarek Mourad

Tarek Mourad

Director Of Finance / Financial Controller at Five Star Hotels
Lives in Cairo, Egypt
over 6 months ago

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My name Tarek Mourad .my career in the Finance department (Director of Finance) in the hotels industry have 20 years’ experience in finance department all with 5 star hotels - 10 years as Director of Finance and Financial Controller. I have very good experience in opening hotels (6 Hotels) -I was Director of Finance for preopening many Properties (Sheraton Dreamland Cairo – JAL hotel & Tower Dubai -Millennium Hotels UAE -Safir International hotels -Salalah- Oman and Melia Hotel Doha).

I have experience in Gulf Area Hotels almost 12 years. I have excellent experience to implement finance strategies and policies and procedures. I have excellent experience planning Budget and forecasting have excellent experience in financial analysis and statistic and I have strong management skills. Also I have resorts experience (I was a Financial Controller of Rotana Coral Beach Hurghada).

My experience in implement and putting management contract for several hotels.
(Melia Hotel Doha - Jal Tower Hotel Dubai - Sheraton Dream Cairo- Millennium Hotels)

Part of my experience to do the following:
*implement the policy and procedure of the company.
*prepare the Budget and forecasting.
*prepare the S.O.E. Budget for the operation.
*prepare the F.F.E. Budget for the operation.
*along with the Management received the Hotel Assets and S.O.E.
* Cost analysis' in relation to factory processes.
* Business Planning.
* hiring Finance team then Supervise and lead the finance team.
* Work closely with and assist other head of department for operation needs support the Finance.
* Implement and installation of the Hotel Systems.
* Work closely with Purchasing to prepare the list of Hotel Suppliers with Quotations.
*work closely with G.M. &HR to prepared the manning Guide of the Hotel. And hotel Benefits based on the Company Grid.
*prepared the strategy of Hotel business with G.M. and Sales Team.
*Ensures that all procedures are in Place and executed according to the company’s Standards.
*open all bank Accounts for the Hotel.
*prepare all insurance policies before operation start .specially third part liabilities.
*prepare the credit policy & procedures of the hotel.
*prepare all Hotel Contracts and company contracts.
*have and doing all financial negotiations.
*make sure all license and legal documents of hotel are done properly.
*doing the training to all finance team.
*controlling the hotel cash flow.
*ensure that finance teams are providing month end closing and all other required management reports.
*ensure the balance sheets are a fair reflection of the assets and liabilities of the hotel and reconcile each account.

* Overseeing and ensuring the smooth running of accounting function /accounts receivables and credit / the overall cost control function /the purchasing function / the overall payroll and general administrative functions / all legal and tax matters related to the hotel in liaison with consultants and local authorities / ensuring the smooth sunning of the hotel’s computer system.
*have daily meeting with all head departments to facilitate the operation……etc.

Experience

  • Director Of Finance / Financial Controller

    Five Star Hotels - Cairo, Egypt

    Finance/Accounting
    January 2003 - January 2017 · 14 years and 1 month

Education

  • Faculty of Commerce - Cairo University,

    October 1981 - October 1985

Languages

  • Arabic
    Native or fluent
    100%
  • English
    Full professional
    80%

Skills

  • Analysis
  • Budget Planing
  • Cost controll
  • Financial Forecasting
  • Good communicator
  • Hotel strategy
  • Negotiable skills
  • Statistics Analysis
  • Team Training
Following
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