Bassam Hammoud
Financial Controller at AstroLabs- Claim this Profile
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Bio
Experience
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AstroLabs
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United Arab Emirates
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Technology, Information and Media
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1 - 100 Employee
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Financial Controller
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Feb 2022 - Present
Responsible for the efforts and results of the Finance department for 2 entities (Dubai & Riyadh). Reporting to the Finance Director (FD), oversee the financial and accounting department staff day-to-day operations. responsible for second level financial control over Accounting (general ledger, consolidation packages local, IFRS), and Regulatory reporting for all financial and accounting activities; as well as development of internal control policies and procedures. Responsibilities: • Supervise and manage Finance department staff, including accountants and financial assistants • Create monthly, quarterly, and annual reports to identify results, trends, and financial forecasts • Manage cash flow and working capital • Calculate, control & input monthly payroll (basic, allowances, commissions, visa expenses, etc) and liaise with the HR Department • Ensure that all financial transactions are properly recorded, filed, and reported • Prepare the quarterly VAT returns and resolve of any issues, including VAT inspections • Take responsibility for the year-end audit • Suggest updates and improvements for accounting systems. • Assist in establishing and implementing financial reporting systems to comply with government regulations and legislation • Collaborate with auditing services to ensure proper compliance with all regulations • Develop budgets and financial plans for the company based on research and data reports • Develop & enforce internal controls to maximize protection of company assets, policies, procedures, and workflow • Craft the Finance/Accounting Handbook • Review all financial plans, budgets, and reports regularly, check for variances and discrepancies, and look for cost optimizing opportunities • Assist in establishing financial and operating benchmarks, monitoring, and reporting standards • Create systems to prevent errors in data collection and calculations • Assist the FD in presenting reports to senior executives, stakeholders, and board members. Show less
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ISSA Holding
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Lebanon
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Business Consulting and Services
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1 - 100 Employee
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Financial Analyst
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Dec 2020 - Jun 2021
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FDC (Food & Drug Corporation)
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Lebanon
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Manufacturing
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100 - 200 Employee
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Financial Analyst
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Feb 2019 - Dec 2020
Perform comprehensive financial analysis to assist and support the preparation of short and long term strategic plans and activities for the business. ▪ Analyzing Monthly/quarterly/ yearly expenses. ▪ Analyzing discount given to customers. ▪ Forecasting quarterly and annual profits. ▪ Prepare financial studies and forecasts to help make decisions related to acquiring new Brands. ▪ Forecast models for revenue changes and expenditure increases/decreases. ▪ Analyze and report on the current financial status ▪ Participate actively in the preparation of the annual budget. ▪ Analyze the monthly variance of the financials versus the Budget. ▪ Review the costing of the goods shipping orders versus budget and approves / comments on the orders. ▪ Review the Sales Target versus budget and approves / Comments on the Targets ▪ Assist Management and other departments in their day-to-day financial studies for the effect of variables on the margin and profitability of the brand and to perform the "What If" scenario. ▪ High professionally in Microsoft excel and shrinking big data to analyze. ▪ Providing requested reported from upper management/brand managers and departments ▪ Providing simulations for different scenarios for a specific brand/reason to avoid any loss or misleading data. ▪ Comparing apple to apple financials based on correct situation. ▪ Preparing cash flow, income statement with needed analysis. Show less
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Assaad Food & Beverage S.A.L
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Lebanon
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Food and Beverage Services
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1 - 100 Employee
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Cost Controller
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May 2015 - Feb 2019
Cost controller for 5 franchises outlets across Lebanon (Brands: PF Chang's, The Chessecake Factory, Alforno) Cost Controller Responsibilities but not limited to the below: ▪ Estimating and establishing cost parameters and budgets for purchases ▪ Communicate with vendors, clients, customers, team members, and managers to align goals ▪ Maintain records of purchases, pricing, and other important data ▪ Review and analyze all vendors/suppliers, supply, and price options ▪ Preparation of cost report updates and report generation for review by management. ▪ Performance of cost data processing and analysis in order to provide Management with project status, forecasts and definition of alternatives. ▪ Check the conformity between agreed rates and actual invoices from suppliers. ▪ Maintain and update list of suppliers and their qualifications ▪ Identifies and researches potential new suppliers ▪ Negotiation with various suppliers to achieve cost savings in terms of rates and conditions granted. ▪ Coordination with the various operation units to ensure timely and accurate cost data is available for preparation of cost reports analysis. ▪ Prepare Menu Engineer and conduct studies on LTOs ▪ Prepare Variance analysis and communicate with person in charge to adjust/justify and prevent future variances ▪ Conduct Yield analysis test to maintain correct theoretical cost in the system. ▪ Conduct Sales analysis reports from POS and compare it to targets and budget. ▪ Spontaneous Spot check. Show less
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OMS
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Egypt
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IT Services and IT Consulting
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500 - 600 Employee
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Cost Controller
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2014 - 2015
Stock follow up, cost of items, spot checks, inventories, variances and overall operation follow up Stock follow up, cost of items, spot checks, inventories, variances and overall operation follow up
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Education
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Université Antonine - UA
Bachelor of Business Administration (BBA), Finance, General