Asad ur Rehman

Accounting & Finance Leadership

• Lead the full accounting function across Bahrain and KSA, including sales, AR, bank reconciliations, and payments.
• Established the Bahrain accounting setup independently and developed end-to-end accounting workflows.
• Managed the successful transition from QuickBooks to Oracle ERP, ensuring data integrity and process alignment.
• Oversaw VAT submissions, compliance reporting, annual audit support, and month-end closing processes.
• Prepared annual budgets and monthly MIS reports for senior leadership and business units.

Cost Control & Operational Finance

• Designed and implemented cost control systems across both locations.
• Standardized all F&B recipes with physical yield testing to calculate accurate portion costs.
• Monitored staff meals, wastage, butchery yields, and weekly production usage.
• Prepared monthly COGS analysis and detailed variance reports including beverages, shisha, and consumption variances.
• Delivered actionable insights through Top 20 / Bottom 20 consumption analysis to support cost optimization.

• Managed full accounting operations including finalization, reconciliations, VAT compliance, and audit preparation.
• Prepared annual budgets and rolling forecasts to support planning and performance tracking.
• Conducted financial feasibility studies for new store openings with projected ROI and cost estimates.
• Prepared cash flow and financing forecasts required by banks to support loan facilities.
• Prepared structured reports for board and senior management meetings summarizing financial performance and trends.
• Collaborated with departments to align cost and financial strategies with business goals.

• Managed full-spectrum VAT submissions and ensured compliance across multiple hotels.
• Maintained master VAT files and prepared government levy reports for financial planning.
• Trained accounting staff and implemented F&B cost-control systems with the Finance Manager.
• Oversaw accounts receivable follow-ups, reconciliations, and preparation of financial reports for management.
• Coordinated audits and reviews, providing financial advice and maintaining robust internal controls.

• Performed financial analysis and prepared management reports to support audit and business decisions.
• Planned and analyzed costs of business activities, including raw materials, inventory, and labor.
• Generated financial statements and reconciliations, identifying discrepancies and recommending solutions.
• Assisted with audits by preparing documentation and providing guidance to accounting staff.
• Conducted cost audits, analyzed results, and suggested actionable improvements for efficiency and controls.

• Planned and executed risk-based audit engagements, evaluating business processes and internal controls.
• Performed audit fieldwork, testing, and reporting in accordance with professional standards.
• Reviewed and assessed systems, processes, and controls, recommending corrective actions to improve efficiency.
• Prepared audit reports and communicated findings, ensuring management addressed key issues.
• Built strong stakeholder relationships and contributed to the development of audit policies and procedures.