Stefan Hanekom
Chief Financial Officer at RAK Hospitality Holding LLC- Claim this Profile
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Bio
Experience
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RAK Hospitality Holding LLC
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United Arab Emirates
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Hospitality
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1 - 100 Employee
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Chief Financial Officer
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Jul 2021 - Present
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Group Director of Finance
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Nov 2019 - Jul 2021
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Jumeirah Hotels & Resorts
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United Arab Emirates
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Hospitality
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700 & Above Employee
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Director of Finance Real Estate & Asset Management
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Oct 2017 - Nov 2019
FD REAM FD REAM
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IFA Hotel Investments
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United Arab Emirates
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Hospitality
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1 - 100 Employee
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Senior Manager Company Operations
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Mar 2017 - Sep 2017
• Manage and support the company, division and business operations in setting company and Division structures, meet budget and other financial & non-financial goals.• Participate and contribute to relevant management meetings. • Support the development, establishment, and direct the execution of corporate and operating policies process and procedures to support overall company, division and business unit objectives.• Work in partnership with the management team of each Division to create business plans, prepare budgets, monitor performance against KPI’s both Division centric as well as client centric, plan and implement new processes and approaches to achieve it.• Lead the performance management process that measures and evaluates progress against goals.• Oversee all key Divisional administrative functions, ensuring smooth daily operations. These are but not limited to:o Monitor integrity, completeness and accuracy of contract schedules, pipeline schedules, benchmarking data, etc.o Oversee risk management and legal activities being the interface with legal and admin, in terms of client contracts, contract parties, delivering the services, partnership agreements, leases, and other legal documents in terms of version control, referencing, and filing within the various Divisions.• Support the HOD’s in managing and overseeing all commercial and business planning activities, including:o Support and administer all tender estimation and commercial offer exercises,o Oversee business policies and other practices,o Review and analyze financial reports with HOD’s,o Lead and support Company and Divisional budgeting processes,o Interface with finance and human resource functions following up and supporting HOD’s in:- Recruitment tracking, CTC maintenance, forecasting of manning requirements in line with future projects,
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Asset Manager at IFA Hotel Investments
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Sep 2013 - Feb 2017
• Preparation and maintenance of Asset Management Plans;• Maximize returns through the pursuit of strategies for value creation within each asset component;• Review and analyze monthly asset performance;• Participate in planning and monitoring of capital expenditure projects within the respective assets under management;• Review asset positioning and make comparisons to market competitors;• Assemble and evaluate market and economic data;• Assist with legal issues and contract compliance;• Preparation of financial projections and valuations;• Assist in the negotiation of contracts and agreements;• Administer legal, tax (as applicable) and accounting formalities in coordination with the legal and accounting departments;• Liaise with the Company Administration team to ensure contractual documentation is well managed and maintained for your assets under management;• Monitor relevant industry trends and their potential impact;• Review of identified investment opportunities, and provide executive investment reports on same for executive decision making;• Assist Operations with monthly financial reporting and annual budgets;• Raise accounting issues to management and investigate/propose entries or other solutions;• Facilitate and Manage the Project Team (PT) Meeting Trackers for your assets under management;• Coordination of reporting between Asset Management and Finance Management;• Facilitate with the team daily, weekly and monthly consolidated KPI and statistical reporting for assets under management.• Heavily involved in STRATA matters, HOA, dealing with Community Managers, etc.• Reports to Senior Vice President Asset Management
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TDIC
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Real Estate
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100 - 200 Employee
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Manager Project Accounting & Operations Finance
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Dec 2010 - Aug 2013
Defined and documented the list of policies and procedures required for the Project Accounting Department. Prepared comprehensive policies and procedures for various activities carried out by the Project Accounting Department. Also drafted “AS IS” Business Processes in vision at a level 3 with narrative for purposes of the Oracle implementation process. Also contributed to the “TO BE” processes through review of external consultant exercise conducted. Assisted with setting the departmental business plan feeding into the overall strategy of TDIC including KPI’s. • Assisted in identifying and assessing departmental risks and introduced mitigating actions accordingly. Interacted with internal auditors and other consultants regarding risk and control. Central point of contact for all systems, process and other related issues which impacted on the project accounting team. • Maintained the consolidated project cash flow model and coordinating with all relevant disciplines to update the cash flow forecast for material changes to underlying economic assumption. Operations Finance manager role: • Performed monthly financial review and analysis of 3rd party operations (cash flow statement, income statement and balance sheet). • Ensured monthly reports are submitted as required by Finance. • Compared statements to budget, draw interpretive conclusions, make recommendations. • Coordinated with auditors to facilitate audit of quarterly accounts and other special audit assignment. • Prepared and analysed monthly statistical data from 3rd party operators. • Prepared cash flow forecast as required by TDIC • Prepared standard monthly reports and ad-hoc reports as required by Asset Management and TDIC Management.
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PwC
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Professional Services
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700 & Above Employee
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Manager
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Jan 2003 - Nov 2010
External and internal audit experience with skills developed in conducting financial, operational, compliance and governance audits. • Experience in conducting SAS70’s, performance audits and SOX reviews, combined with formal training. • Experience in setting up the internal audit function for PwC Abu Dhabi office. • Experience in providing internal audit services as the Engagement Manager to Public Sector and Private Sector clients in South Africa and Abu Dhabi in the Insurance Sector, Financial Services Sector, Development and Construction Sector as well as Oil and Gas Sector.
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Education
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University of Pretoria/Universiteit van Pretoria
Bachelor of Commerce (B.Com.), Accounting and Finance -
SAICA
Chartered Accountant, Accounting and Finance