Oracle
Godfrey Estrocio
Finance Manager
London,Sutton Surrey
Work Preference
Summary
Accomplished finance and audit professional with extensive experience in internal auditing, financial management, and accounting in the hospitality industry. Demonstrates expertise in financial reporting, compliance with GAAP and IFRS standards, internal control evaluations, fraud investigations, and risk management. Proven track record of streamlining audit processes, optimising cost controls, and enhancing operational efficiency through process improvement strategies. Adept at managing accounts payable/receivable, tax accounting, payroll administration, financial forecasting, and variance analysis while maintaining integrity and confidentiality. Skilled in leveraging financial software such as QuickBooks, Oracle, and Xero to deliver accurate reporting and support strategic decision-making. Career focus on driving organisational growth through robust financial oversight and operational excellence.
Overview
19
19
years of professional experience
Work History
Finance Manager
Hilton Hotels
London
05.2022 - Current
- Executed comprehensive financial audits to identify discrepancies and enhance accuracy.
- Developed and implemented internal audit plans with procedures for risk identification.
- Contributed to formulation of internal audit strategy and objectives for the organization.
- Maintained updated chart of accounts, ensuring accuracy and adherence to procedures.
- Prepared reports on operational issues for distribution throughout the organization.
- Reviewed financial statements and tax audits to detect and rectify discrepancies.
- Monitored compliance with regulatory requirements, safeguarding organizational integrity.
- Streamlined audit processes by adopting new technologies and methodologies.
- Managed accounts payable and receivables, raising invoices, reconciling accounts and processing cash transactions.
- Assisted in financial operations, including budgeting, forecasting, and financial reporting, to support business objectives.
- Oversaw month-end and year-end close processes, ensuring accuracy and timeliness of financial statements.
- Reviewed and approved all financial transactions, maintaining strict control over expenditures.
- Coordinated with external auditors to facilitate annual audits, achieving clean audit reports.
- Monitored expenses, income, budgets and petty cash records and acted upon errors.
- Trained and supervised finance team members, promoting a culture of continuous improvement and professional development.
- Conducted comprehensive variance analysis to explain deviations from budget and forecast.
- Arranged and processed accurate and on-time VAT returns to HMRC.
Finance & Accounting Manager
Ascot International
London
04.2020 - 04.2022
- Responsible for closing the books of accounts of the company during the month-end and year-end.
- Prepares all monthly closing journal vouchers, reviews the Monthly P&L with the Director of Finance and Operations.
- Reconciles the balance sheet and monitors the house bank, bank reconciliation, and other investments.
- Review purchase contracts, purchase orders, sales contracts, and sale prices.
- Review accounts payable and payroll journals.
- Coordinate with HMRC and submit VAT returns.
- Coordinate with auditors for any audit queries and requirements.
- Coordinate with Financial System advisers for new updates and changes.
- Ad hoc duties – Research and Development – Annual Corporation Tax Credit.
- Updated company financial policies and procedures to enhance internal control over accounting and other management systems.
- Assessed financial strengths and weaknesses of company strategy.
- Prepared detailed financial reports for senior management, highlighting performance against key financial indicators.
- Identified opportunities for cost-reduction and conducted reviews and evaluations to assess impact and feasibility.
- Conducted comprehensive variance analysis to explain deviations from budget and forecast.
- Arranged and processed accurate and on-time VAT returns to HMRC.
- Collaborated with sales and marketing teams to analyse pricing strategies and optimise profitability.
- Monitored expenses, income, budgets and petty cash records and acted upon errors.
General Accountant
Aspire Katara Hospitality
London
09.2019 - 04.2020
- Assist in month-end closing to produce timely and accurate management accounts.
- Prepare cost analysis reports and journals.
- Ensure all audit schedules, Balance Sheet, and Profit & Loss Statement are fairly stated.
- Ensures reconciliations are completed on a monthly basis.
- Preparation and support of invoicing across the business.
- Preparation of VAT returns, PAYE returns, and CIS returns.
- Adherence to the financial and control process, with effective use of the company’s SOPs.
- Implement and maintain a training system on processes to ensure employees have the necessary framework and skillsets to perform their roles efficiently, and effectively.
Cost Accounting Manager
HMH Hospitality
Dubai - UAE
06.2017 - 07.2019
- To monitor and manage the receiving and stores team.
- Conduct regular spot checks on restaurants, bars, and kitchens for stocks and levels.
- Prepare and issue the daily cost report to the management.
- Have a regular recipe costing and menu engineering for profitability.
- Conduct monthly inventories in stores and outlets, and post journals accordingly.
- Validate all disposals and issue a disposal report along with the asset depreciation report.
- Run the month-end process and support the financial accountant to close the month-end and year-end process.
- Directed the preparation of annual budgets, closely monitoring expenditure against forecasts to manage financial performance.
- Negotiated with suppliers to secure favourable terms, contributing to cost control and margin improvement.
- Managed comprehensive cost accounting activities, including budget preparation, variance analysis, and financial forecasting to support business objectives.
- Conducted detailed inventory audits to identify discrepancies, prevent stock issues, and maintain accurate records.
- Analysed product pricing strategies based on cost analysis, market trends, and competitive positioning to maximise revenue.
- Facilitated training sessions for staff on cost accounting principles, software usage, and process optimisation techniques.
- Collaborated with cross-functional teams to establish standard costs and update them as necessary in response to market changes.
Financial Accountant
Intercontinental Hotels
Dubai - UAE
04.2010 - 11.2017
- Manage the books of accounts of the property, and prepare all the monthly closing journals.
- Prepare the bank reconciliation and balance sheet reconciliation.
- Review all the cost, payable, revenue, credit, and payroll journals for accuracy.
- Prepare the financial statements for the directors' review.
- Prepare the annual budget file and review with the Director of Finance.
- Prepare the monthly rolling forecast for the property.
- Review the monthly P&L with the Director of Finance.
Finance Assistant
Marriott Hotels
Dubai - UAE
10.2006 - 03.2010
- Assisting and supporting the Income Auditor with various duties, which included verifying the allowances, credit card postings and reconciliations, revenue reconciliation, voids and discounts, and spot checks.
- Assisting the General Cashier with cash count, collections, and verifying all postings for foreign currencies.
- Assisting the cost controller with buffet costings, inventories, and any other ad hoc duties from the Financial Controller.
Education
SVQ Level 5 - Financial Accounting Auditing & Taxation
Goa University
2005
Skills
- Accounts Payable (AP)
- Sales data analysis
- Accounts payable reconciliation
- Accounts receivable and payable
- Financial reconciliation
- General ledger management
- Cash flow forecasting
- Financial reporting
- Cost-benefit analysis
- Tax accounting
- Profit and Loss Analysis
- Monthly close process
- Policies and procedures
- Financial analysis
- Inspiring team leadership
- Excel proficiency
- VAT return submissions
- Leadership engagement
- Team management and mentoring
- Variance Analysis
- Management accounting
- Performance reviews
- SAP or oracle experience
- Internal control evaluations
- GIA reporting
- Database administration
- Process improvement strategies
- Fraud investigations
- Accounts payable, receivable, general ledger accounting
- Internal audit execution
- Compliance awareness
- Quality assurance processes
- External audit liaison
- Fraud risks
- Risk Management
Financial budgeting
Education
other
Accomplishments
- Received a recognition award (Employee of the Month) from InterContinental Dubai Festival City for the Month of April 2014 & August 2016
- Excellent Control Self Assessment (CSA IHG Department Audit) results for Cost and Payable Sections.
- Opened and Managed my accounting freelancing firm Fran Enterprises.
- Investigated a fraud of £850k and accomplished the target, realised £500K worth of assets back to company accounts.
- Submitted the R&D (Corporation Tax) for year 2019 & 2020 and got the Tax refunded before target date (£ 260K & £ 350K)
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Software
Zero
Sun Systems
Opera
ONQ
Procure Wizard
Languages
English
Advanced (C1)
Interests
Sports & Music
Timeline
Finance Manager
Hilton Hotels
05.2022 - Current
Finance & Accounting Manager
Ascot International
04.2020 - 04.2022
General Accountant
Aspire Katara Hospitality
09.2019 - 04.2020
Cost Accounting Manager
HMH Hospitality
06.2017 - 07.2019
Financial Accountant
Intercontinental Hotels
04.2010 - 11.2017
Finance Assistant
Marriott Hotels
10.2006 - 03.2010
SVQ Level 5 - Financial Accounting Auditing & Taxation
Goa University