Walid Al Safadi

Co-Founder - Managing Partner at The Cloud Bite
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Contact Information
us****@****om
(386) 825-5501
Location
AE
Languages
  • English -
  • Arabic -

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Bio

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Experience

    • United Arab Emirates
    • Food and Beverage Services
    • 1 - 100 Employee
    • Co-Founder - Managing Partner
      • Aug 2019 - Present

      • Developed and maintained a system of financial internal controls. • Managed closing of books and prepared cost control reports. • Analyzed and interpreted financial reports, identified trends and made recommendations where necessary. • Reviewed and evaluated efficiency of kitchens by developing a system of standard costing for menu items. • Audited kitchens financials, operations, stocks consumption for misuse or deviations from standard costs. • Developed and maintained access to authorized persons only. • Managed day-to-day operations, ensured the quality and standards meets customers’ expectations. • Promoted team work and ensured equality at workplace. Strived to improve employee retention.

    • Senior Internal Auditor
      • Jan 2014 - Jul 2019

      • Assess financial records to ensure accurate recording of transactions and compliance with laws and regulations. • Ensuring accountability of all the financial records, and their compliance with the approved accounting standards. • Review the suitability of internal control design, and ensure the integrity and reliability of financial and other information provided. • Identify the deficiencies of controls, duplication of efforts, fraud or potential fraud, lack of compliance with management policies and procedures, conflict of interest and suggested corrective action. • Execute and report on internal audit reviews of business units, processes or identified areas of risk. • Participate in planning and executing special investigations in several departments( HR, Procurement, Sales) •Regularly review performance and adherence to the policies and procedures. •Reports findings and conclusion to the senior auditor and Director of internal audit.

    • Lebanon
    • Insurance
    • 1 - 100 Employee
    • Senior Financial Accountant
      • May 2012 - May 2013

      • Developed and analyzed information to assess the current and future financial status of firms. • Evaluated data pertaining to costs in order to plan budgets • Evaluated financial reporting systems, accounting and collection procedures, and investment activities, and make recommendations for changes to procedures, and other control functions. • Reviewed collection reports to determine its status and the amounts of outstanding balances. • Collected and analyze data to detect deficient controls, duplicated effort, and extravagance. • Conducted pre-implementation audits to determine if systems and programs under development will work as planned

    • Lebanon
    • Banking
    • 1 - 100 Employee
    • Assistant Supervisor – Financial Control Division
      • May 2006 - Apr 2012

      • Prepared accounts payables, receivables, budgets and other financial records according to established procedures. • Posted journal entries and reconciled accounts; verified and reconciled transactions: Accruals, Provisions, Prepaid Expenses, receivables payroll and checks clearing accounts. • Calculated and prepared tax remittance forms. • Prepared accounts payables, receivables, budgets and other financial records according to established procedures. • Posted journal entries and reconciled accounts; verified and reconciled transactions: Accruals, Provisions, Prepaid Expenses, receivables payroll and checks clearing accounts. • Calculated and prepared tax remittance forms.

    • Deputy Director Of Human Resources
      • May 2004 - Jul 2005

      • Involved in budgeting, funds allocation and recruitment. • Implemented training course for new recruits • Involved in budgeting, funds allocation and recruitment. • Implemented training course for new recruits

    • Assistant Branch Manage
      • Nov 2001 - Apr 2004

      • Issued and renewed policy schedules.• Acted as a coordinator between clients and the related policy underwriting department to solve medical, marine and non-marine claims and recoveries.• Assisted in developing structured products for certain clients to meet their objectives.• Brought new business directly or through brokers as well as acquired, retained and expanded new and existing relationships.• Fostered positive relationships with clients resulting in customer trust and loyalty.

    • Accounting and Insurance Coordinator
      • Feb 2001 - Nov 2001

      • Prepared settled bordereau for Reinsurance (Accident & Health)• Prepared claims settled summary to finance department.• Prepared consolidated outstanding loss summary.

    • Audit Assistant
      • Dec 1998 - Feb 2000

      • Prepared and audited daily cash control and monthly payroll reports. • Consolidated general ledger to sub ledger. • Prepared and handled financial statements according to international accounting standards as balance sheets, profit and loss account, and cash flow statements. • Prepared and audited daily cash control and monthly payroll reports. • Consolidated general ledger to sub ledger. • Prepared and handled financial statements according to international accounting standards as balance sheets, profit and loss account, and cash flow statements.

Education

  • State University of New York Empire State College
    Bachelor of Applied Science - BASc, Accounting and Business/Management
    1998 - 2000
  • American University of Technology
    Bachelor of Business Administration (B.B.A.), Business Management
    1997 - 1999
  • National Evangelical Institute for Girls & Boys
    1980 - 1996

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