Wassim El Shaarani

Group Financial Controller & CFO for the Hospitality Vertical @Skelmore Group

United Arab Emirates✔️ ITBusiness OwnerFinancial Analyst🧑‍💼 C-level Executive🧨 ConsultingCFO🏦 FinanceFinancial PlannerProject ManagerBusiness Analyst

Throughout my extensive career, I have established a reputation as a transformational leader who is driven by challenge, undeterred by obstacles, and committed to promoting standards of excellence. My expertise encompasses all aspects of financial administration, from controlling costs and maximizing revenues to harnessing team strengths to improve company wide performance. Further, my ability to build harmony among executive teams and stakeholders to promote transparency and influence positive change has been repeatedly proven.

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Work Background

Skelmore HoldingsGroup Financial Controller & CFO Hospitality Vertical

Aug. 2021Dubai, United Arab EmiratesSkelmore is a dynamic group which leverages its strong business acumen and innovative ideas to disrupt the markets of: ● F&B (Lifestyle Venues: Roberto’s and Roberto’s Mare, Leisure concept: Rumba, Members Club: Prato, 71sports bar..., Casual concepts: Bolla, Mercato), ● Retail (Simply Gourmet Foodstuff Trading – Meat and Seafood distributor), ● Fashion (Imperial) and ● Automotive (Autodata, Fast-Track) Markets in UAE, GCC and Worldwide (Canada, Montenegro & Jordon). Main role assigned with the position: Digital transformation and Automation project leader

Cravia IncFinance Manager

Nov. 2017 - Aug. 2021Saudi ArabiaTasks assigned in addition to the regular duties: * to lead the company's cost reduction plan * to develop and implement the company's policies and procedures. (Worked on developing the Finance, Procurement, inventory and payroll Flow Charts) * to lead the implementation of the new ERP Microsoft Dynamics 365 along with the IT manager

INT'LTEC GROUPFinance Manager-SAUDI MEP, LEBANON MEP, SAUDI A&C, SYSTEM INTEGRATION, OUSTIDE PLANT & ITMS Company

Sep. 2010 - Oct. 2017Riyadh, Kingdom of Saudi Arabia & Beirut LebanonIn addition to the duties that were allocated to me in Skyband as an Accounting Manager, the below responsibilities were added:  - Preparing the monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks.  - Partnering the Product Management and Purchasing Team in determining financial impact due to product cost reductions, new product roll out and prepare periodic forecasts to update management on projected results.  - Analyzing the financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.  - Preparation, presentation & negotiation of the Projects Loans’ Facilities File.  - Controlling the Facilities usage (Short and Long Terms Loans, Letters of Credits issuance and control, Letters of Guarantees…)  - Controlling the Projects’ Financial results: Projects % of Completion (Budget-Cost basis) Vs Sites’ Monthly Evaluations, Monthly Resources’ allocation – Manpower – Materials … Arranging the needed fund for the Ongoing projects by contacting the Financial Institutions that we agreed to have facilities from, in addition to managing the Cash flow related to the four companies.

INT'LTEC GROUPAccounting Manager - SKYBAND - INT'LTEC GROUP

Mar. 2008 - Dec. 2010Riyadh, Kingdom of Saudi Arabia Promoted to be the Accounting Manager of Luna Space Telecommunications Co. “Skyband”, one of the Group’s companies, in addition to two other divisions “EPOS” and “Skyhost” Responsibilities: General Ledger preparation, financial reporting, cash management and control, timely monthly, quarterly and year end closing, preparation of budget and forecasting activities, developing and implementing of new procedures to enhance the department’s work.  Making periodic forecasting, annual budget, feasibility studies for specific special projects, preparing monthly Analysis for the Trial Balance against prior periods and budget with explanations, recognizing areas of cost reductions, Financial Statement Analysis; all of these were additional tasks requested by the upper management. During this Period, I experienced two “Due Diligences” (One with “Swicorp” in 2008 and another with Mobily in 2009) where I was responsible for the Financial part.

INT'LTEC GROUPAssistant Chief Financial Officer (Group Level)

Oct. 2007 - Feb. 2008Riyadh, Kingdom of Saudi ArabiaResponsible for the internal Audit for all the companies under the Group, for the follow up on cash and financial Position of each company, for the control of the bank facilities in addition to the consolidation and the analysis of the Financial Statements made quarterly

Alawi Tunsi & Bros HospitalAdministration / Planning & Development Manager

Feb. 2007 - Aug. 2007Mekkah, Kingdom of Saudi ArabiaEstablishing policies and procedures for the administrative departments (Human Resources, Food Services …), making improvements on some financial departments as the Purchasing and the collection in addition to reorganizing the budgeting system, the Hospital stores, the Assets management and setting up the analytical Accounting – Costing program.

Nini HospitalCost Controller

Oct. 2005 - Jan. 2007Tripoli, LebanonCost controlling, Stock & Assets management, Budgeting & Costing (Policies and procedures).

IMCO Construction & Engineering Co.Accountant

Jan. 2005 - Sep. 2005Al Ahmadi, Kuwait

Nini HospitalCost Controller

Jan. 2004 - Dec. 2004Tripoli, Lebanon Conducting studies providing detailed information to determine costs of business activity, such as raw material purchases, inventory, labor, allocations, etc. Analyzing changes in product design, raw materials, and manufacturing methods to determine effects on cost; Performing inventory accuracy management for the company; Maintaining the accuracy of the inventory value. Provide management with reports specifying and comparing factors affecting prices and profitability of products… Additional responsibilities – Market survey – controlling monthly consumption of laundry, Oxygen…  Worked with the quality manager on establishing the Procurement’s Policies & Procedures (Quality management system).