Finance director (Multinational production company in Vladimir)

Описание

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Artak E. Gevorgian, CHAE, MBA
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Tel.: +968 (71) 91 91 55 :: Email: artedgev@hotmail.com

Citizenship: Dual National - 1 Republic of Armenia, 2. Russian Federation
Experienced & Skilled Senior Financial Executive
Accounting :: Financial Operations :: Risk Management :: Financial Planning :: Managerial Reporting :: Budgeting :: Forecasting

Seasoned and highly enthusiastic senior professional seeking a challenging position in the general administration & finance field within a dynamic, progressive domestic/international hospitality company to contribute excellent extensive experience to its success and profitability
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Qualifications Profile
Leadership. Communication. Organization. Problem solving. Teamwork. Creativity.
Language skills: Armenian (native), Russian (2[nd] native) and English (fluent).
Technical skills: Windows 10/16, MS Office Suite, MS Internet. Explorer/Microsoft outlook, Chrome, 1C, People Soft (BS, GL, AP), SUN Accounting, AS Client Bank, AS Accountant, etc., Opera PMS, Micros, Symphony, Materials Control, BSS etc.

Core Skills & Strengths

USALI 11th editions under US GAAP
Hotel Finance Management thorough knowledge
USAR 8th edition under US GAAP
Corporate Finance of Hotels' industry
RUS GAAP, ARM GAAP & IFRS
Real-Estate mixed-use community management/HOA

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Work Experience with Marriott International Inc.,
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Multi-property Director of Finance @ W Hotel Muscat and JW Marriott Muscat, Muscat, Oman Jul/2018 - present
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JW Muscat opened from Dec 31, 2019, W Muscat opened from April 10, 2019, well managed stabilization periods for both hotels.
Preopening activities set-up & Critical paths for both hotels, PMS, Symphony/POS, Spa, etc. and other back office systems installation, configuration and launching.
W Muscat break-even on EBIDTA level for year 2019, 1[st] year operation.
Providing standard analysis on all levels of the P/L, mainly revenue, margins and operating expenses, GOP & EBIDTA.
Predominant focus on forward-looking analysis and risks/opportunities, developing mitigation plans where needed to offset risks (Development of the "Plan B").
Taking ownership on all tasks directly influencing the P/L, bring the experts to the table across expertise groups and functions. Help the support groups understand where they can positively influence the P/L without feeling responsible to take over parts of their role.
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Director of Finance @ MARRIOTT DEAD SEA RESORT & SPA, Dead Sea, Jordan Jun/2016 - Jul/2018
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Improved Audit scores (CSAT & ISRA) by 20% by Jan-2017.
Operational weaknesses identification and rectification, coping with Losses and Damages of OPEX.
GOP flow through and/or flex % vs. budget and LY goals achievement.
Essential controls implementation over Cash flow, Balance sheets, P&L, IT, Accounting, Loss Prevention, S&M, Rooms and F&B disciplines. Net to Owner criteria preservation and maximization. Corporate office and Board of Owners.
Leading Property Transfer champions from FMC to Birchstreet e-procurement, inventory and recipe system, 01-Nov-2017 done.
Leading Property Transfer champions, Project Oryx, from SUN Accounting to PeopleSoft ERP application, 01-June-18 done.
2017 Talent Development Award MEA MI
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Director of Finance @ Kempinski Residences and Hotel Apartments, All Suites, Palm Jumeirah
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Emerald Palace Group Hotels and Resorts, Dubai, UAE Jan/2015- Jun/2016
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Providing timely and accurate information to Owner and owner related parties. Under the legal and company guidelines maximizing the use of the resources available for maximizing revenues and leveraging costs. Ensuring that the hotel and mixed-use development (Home Owners' Association) objectives are met within owning company goals.
Daily P&L forecast for Luxury resort mixed-used Residences 232 spacious suites, penthouses and 12 villas owners, Cinq Monde Spa, 6 F&B outlet/services, Kids Club, Beach and Health club for unit owners and master developer.
Overseeing the Pre-opening of Emerald Palace Kempinski Luxury Hotel, opening in 2Q 2018 (delayed from initial 2015 dates), 347-355 guest rooms, suites and 8 villas. Spa, Kids Club and more than 8 F&B outlets under different TPOA arrangements.
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Regional Director of Finance / Asset manager
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Comfort Hotel Management B.V. / Russia branch, Moscow, Russia Feb/2014-Jan/2015

Generating new deals for a start-up hotel owning & management company that focuses on multi-branded projects.
Financial Management of portfolio of 6 operating properties (5 of those CYs by Marriott and 1 Crowne Plaza IHG) and 2 properties in development and construction stage.
Leading finance, accounting and purchasing, IT teams. Developing finance, purchasing and IT goals. Managing projects and conducting human resource activities.
Providing ROI analysis for investors' group with different scenarios (franchised, self-managed and franchised with TPOA).
IT migration projects from Managed international network to international franchise LAN environment.
Hotels' transition and takeover from International managed environment to franchise mode.
Facilitate 2 hotels using 1 C local software along with Opera PMS, MC and SUN system, thorough mapping, export modules, etc.
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Various progressive positions with Marriott International Inc., 2012 Rookie Award Europe MI
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Director of Finance at Courtyard by Marriott Irkutsk City Center / Irkutsk, Russia May/2011-Feb/2014
Successful lead of the preopening of the 208 key hotel in remote location (included class A adjacent business center).
Implementation of strategic business plans that deliver products and services to exceed the needs of the brand's target customers and property associates.
Create and execute business plans up to US$ 30 million and above aligned with the hotel and brand business strategy.

Directly supervise Finance, IT, Purchasing, and Legal departments.
Rookie Award of the Year 2012, Continental Europe Finance Awards, for exhibiting early signs of excellence in all MI traditional performance characteristics.
1[st] amongst leased and managed Russian Marriott hotels using 1 C local software along with Opera PMS, MC and SUN system, thorough mapping, export modules, etc.

Senior Assistant Director of Finance at Renaissance Hotel & Marriott Executive Apartments, Atyrau, Kazakhstan Apr/2009-Apr/2011

Financial management of 2 properties (Renaissance Atyrau Hotel, 202 keys & Marriott Executive Apartments, 143 units).
Financial analysis and reporting, budgeting (US$ 35 million and above), forecasting, internal audit and control, asset and liability reconciliation control, working capital, and cash control. Assist with capital expenditure plans (CAPEX), owner relations and owner reporting. Perform daily control of AR / AP, gross revenue, and income.
Recognized as the Best Manager of the Year 2010 and Best Manager of Q4 in 2010

Assistant Director of Finance at Renaissance Samara Hotel / Marriott International Inc., Samara, Russia Jun/2008-Mar/2009
Financial analysis, reporting, auditing, budgeting, P&L, balance sheet reconciliation, and cash flow review.
ROI analysis and owner relations/reporting.
Delivered LSOPs, and supported the Peer Review Process. Created a working environment that enabled the retention and development of top talent.
Managed the Finance Department (Accounting, Procurement, and IT sections) in the absences of Finance Director.
Introduced PSBF (forecast & Budget tool) and Opera PMS in 2008, as Opera Transfer Leader for finance department
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Chief Accountant/Deputy to Director of Finance and Administration
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Intracom Armenia LLC / Subsidiary of Intracom Telecom Holdings Intl. Ltd., Yerevan, Armenia Dec/2007-Jun/ 2008

Timely preparation and submission of statutory reporting. Provision of accounting policy in line with Country legislation
Legal paperwork, formation of production prices, estimates for work in progress, payroll accounting, allocation and transfer of taxes and fees to the state and local budgets.
Controlled inventory, cash, and fixed assets, and conducted self-audits.
Compiled balance sheets, P&Ls, other accounting and statistical reports, consolidated master report, and submissions.
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Financial Manager
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Eurasia Partnership Foundation (Armenia Office), Yerevan, Armenia Mar/2006-Dec/2007
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Established local foundation's financial/accounting management system (Chart of Accounts, Operational Manual, EPF's Accounting Policy from A to Z). Set up the relevant statutory and financial reporting.
Prepared annual budgets for Core Grant and new program budgets in collaboration with the Country Director, DC Financial Staff.
Maintained all accounting processes and documentation in the EF SUN Accounting system. Planned and managed cash requests and withdrawal. Prepared/submitted managerial reports for Eurasia Foundation HQ and local authorities.
Analyzed budget expenses and improved financial operations by overall planning strategy reviews. Performed financial and procurement management oversight according to USAID and Eurasia Foundation guidelines and procedures.
Lead the transition of Eurasia Partnership Foundation in Armenia in 2007 to locally state registered legal entity, EP Armenia.
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Previous Experience
Finance Assistant :: United Nation Development Program (UNDP) Russia Country Office, Moscow, Russia :: 2005-2006
Operations Specialist :: Jeans Symphony (Casual & Fashion Apparel Wholesaler and Retailer), Moscow, Russia :: 2005
Accountant :: World Bank Municipal Water & Wastewater Project Implementation Unit, Yerevan, Armenia :: 2001-2005
Individual Consultant :: Ministry of Finance and Economy, Yerevan, Armenia :: 2004
Market Surveyor :: Coca Cola Bottlers Armenia CJSC, Yerevan, Armenia :: 2000
Wholesale Agent :: "Samara" Ltd., Ashtarak, Armenia :: 1996-1999
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Education
MBA / Strategic Management & Marketing :: GPA: 3.46 :: American University of Armenia, Yerevan, Armenia :: 2003
Diploma of Economist / Finance & Accounting :: Yerevan State Institute of National Economy, Yerevan, Armenia :: 1999
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Professional Training, Vocation and certifications
HFTP USALI Practice, Analysis & Compliance Certificate:: Issued by Hospitality Financial and Technology Professionals :: 2020
HFTP USALI Theory Certificate :: Issued by Hospitality Financial and Technology Professionals :: 2020
Certified Hotel Accounting Executive: by HFTP USA (http://www.hftp.org) :: Certificate # 1506. 23-Oct-2015
M-100: The Essentials of Residential Community Association Management. Dubai Edition :: 2015
Certificate of Licensed Accountant / Equivalent to CPA :: License N0234 :: Ministry of Finance of Armenia :: 2008
Professional Scheme/International Stream/Papers Course :: Association of Chartered Certified Accountants, Glasgow, UK :: 2006
Certificate of Achievement / Skills :: Internship in Ecological Farming (MESA), Oakland, USA :: 2000
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Professional and vocational Memberships
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HFTP Member :: Hospitality Financial and Technology Professionals (Austin, Texas USA) :: 2014-Present
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Member of RestaurantOwner.com :: independent restaurant owners and Professionals (Phoenix, Arizona) :: 2015-Present
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Student Member :: Association of Chartered and Certified Accountants (ACCA, UK) :: 2006-2014
Member :: Alumni Association of the American University of Armenia :: 2003-Present
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Hobbies/Interests: Professional readings, history, geography, regional developments and travel opportunities.
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References:
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Gerald Chevasson General Manager W Muscat hotel Mobile: +968 71919101 Email: gerald.chevasson@whotelsworldwide.com
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Irfan Sharief Chief Asset management Officer Katara Hospitality Mobile: +974 5019 9722 Email: irfansharief@gmail.com
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Cornelia Brinkman General Manager Noviy Arbat Marriott Moscow Mobile: +7 966 175 27 09 Email: cornelia.brinkman@marriott.com
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Wolfgang Koller General Manager Skopje Marriott Hotel Mobile: +389 722 78130 Email: wolfgang.koller@marriott.com