BABEK IBRAHIMOV
Baku
Summary
I am a detail-oriented and results-driven Internal Control professional with 5 years of experience in developing, implementing and monitoring internal control processes to reduce risk, ensure compliance and improve operational efficiency. I perform risk assessment, design control activities and provide strategic recommendations to senior management. Seeking to leverage expertise in internal controls to contribute to the success and growth of a dynamic organization.
Overview
13
13
years of professional experience
Work History
Income and Cost Audit Assistant Manager
PMD Hospitality MMC
01.2023 - Current
- Implement and manage an effective Internal Audit and Cost Control compliance program
- Advise management on the company’s compliance with laws and regulations through detailed reports
- Create and manage effective action plans in response to audit discoveries and compliance violations
- Prepares compliance audit data by compiling and analyzing internal and external information
- Supports departments by collecting and coordinating internal compliance data with auditors and various departments
- Regularly audit company procedures, practices, and documents to identify possible weaknesses or risk; enforcing adherence to requirements; advising management on needed actions
- Provides administrative support by implementing systems, procedures, and policies; completing projects in support of compliance auditors
- Monitoring Internal control policy and procedure with Scoring program
- Ensure all employees are educated on the latest regulations and processes.
Head of Internal Control, Risk and Compliance
PMD Hospitality MMC
01.2019 - 12.2023
- Implement and manage an effective Internal Audit and Cost Control compliance program
- Advise management on the company’s compliance with laws and regulations through detailed reports
- Create and manage effective action plans in response to audit discoveries and compliance violations
- Prepares compliance audit data by compiling and analyzing internal and external information
- Regularly audit company procedures, practices, and documents to identify possible weaknesses or risk; enforcing adherence to requirements; advising management on needed actions
- Provides administrative support by implementing systems, procedures, and policies; completing projects in support of compliance auditors
- Monitoring Internal control policy and procedure with Scoring program
- Ensure all employees are educated on the latest regulations and processes
- Prepare action plans to decrease risk factors and improve internal controls system
- Perform compliance assessment for all business processes including finance and operations function
- Create reports, summaries, presentations and process documents to display consolidated results on risk management
- Coordinate implementation of risk management process, tools & methodologies
- Conducting policy and compliance audits, which will include liaising with internal auditors.
Senior Accountant
PMD Hospitality MMC
09.2018 - 10.2019
- Implement and manage an effective Internal Audit and Cost Control compliance program
- Advise management on the company’s compliance with laws and regulations through detailed reports
- Create and manage effective action plans in response to audit discoveries and compliance violations
- Prepares compliance audit data by compiling and analyzing internal and external information
- Regularly audit company procedures, practices, and documents to identify possible weaknesses or risk; enforcing adherence to requirements; advising management on needed actions
- Provides administrative support by implementing systems, procedures, and policies; completing projects in support of compliance auditors
- Monitoring Internal control policy and procedure with Scoring program.
Senior Accountant
ISR Capital Investments (Hilton Baku Hotel)
Baku
01.2017 - 09.2018
- Produces internal financial reports in an accurate and timely manner for the daily work of the Management Team
- Reconcile all postings with appropriate documents and attachments and sign all journal entries on daily basis
- In the absence of the Director of Finance or Assistant Director of Finance, oversee staff and ensure all reports are processed promptly such as month-end closing reports
- Work with Assistant Director of Finance and assist in the supervision of Hotel Finance Office staff, assigning tasks and giving guidance, monitoring accuracy
- Primary responsibility is to prepare financial statements and supporting schedules according to monthly close schedule
- Facilitate and complete monthly close procedures
- Analyze revenues, commissions and expenses to ensure they are recorded appropriately on a monthly basis
- Prepare monthly account reconciliations
Tax and Cost Audit
ISR Capital Investments (Hilton Baku Hotel)
Baku
01.2014 - 06.2017
- Review the daily intake of products into the hotel and ensure accurate pricing and quantity of goods received
- Control the stores by ensuring accuracy of inventory and stock control and the pricing of good received
- Alert Cost Controller of slow moving goods and goods nearing expiry dates to reduce waste and alter product purchasing to accommodate
- Manage cost reporting and analyses on a weekly basis
Income Audit
ISR Capital Investments (Hilton Baku Hotel)
Baku
01.2014 - 10.2014
- Carry out daily checks of revenue via an Operations Audit as per hotel standards
- Reconcile and monitor commissions, housekeeper and rate discrepancies, and Conference and Banqueting Revenue against daily function sheets
- Check non-arrivals, late departures, no sales/voids, management bills, bill sequence and pay-outs
- Check bills signed to Room Account and record all covers
- Ensure Advanced Deposits are current
- Recommend improvements to processes as required
- Execute on tasks/requests as instructed by the Finance Manager / General Manager.
General Cashier
ISR Capital Investments (Hilton Baku Hotel)
Baku
01.2013 - 12.2013
- Ensure all cash floats are in place across the hotel
- Collect daily cash takings and reconcile them against receipts and the accounting system
- Complete daily reports for the Finance Manager
- Deposit cash takings with the bank on a daily basis.
Junior Account Receivable
ISR Capital Investments (Hilton Baku Hotel)
Baku
01.2011 - 12.2012
- Prepares daily Accounts Receivable work, including Direct Bills, Group Bills, Rooms and Food and Beverage charges
- Resolves inquiries related to City Ledger charges by conducting thorough research, listening and extending assistance in order to resolve problems
- Balances accounts monthly
- Files and stores City Ledger information on a regular basis (daily, weekly, monthly)
Education
Bachelor's Degree - Finance
Khazar University
05.2012
Skills
- Internal Control Frameworks
- Risk Assessment and Management
- Internal Audit and Monitoring
- Strong Analytical and Problem-Solving Skills
- Process Improvement and Optimization
- Compliance and Regulatory Knowledge
Citizenship
Azerbaijan
Hobbies and Interests
- Application of Mathematical methods in Economic analysis
- Financial Management, Accounting, Audit, Reporting
- Sport and reading
Languages
Azerbaijan
First Language
English
Intermediate (B1)
B1
Turkish
Intermediate (B1)
B1
Timeline
Income and Cost Audit Assistant Manager
PMD Hospitality MMC
01.2023 - Current
Head of Internal Control, Risk and Compliance
PMD Hospitality MMC
01.2019 - 12.2023
Senior Accountant
PMD Hospitality MMC
09.2018 - 10.2019
Senior Accountant
ISR Capital Investments (Hilton Baku Hotel)
01.2017 - 09.2018
Tax and Cost Audit
ISR Capital Investments (Hilton Baku Hotel)
01.2014 - 06.2017
Income Audit
ISR Capital Investments (Hilton Baku Hotel)
01.2014 - 10.2014
General Cashier
ISR Capital Investments (Hilton Baku Hotel)
01.2013 - 12.2013
Junior Account Receivable
ISR Capital Investments (Hilton Baku Hotel)
01.2011 - 12.2012
Bachelor's Degree - Finance
Khazar University
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