Lika Oragvelidze

• Open since August 2023, a 111-room hotel with 3 F&B outlets and 3 meeting rooms. Reporting to the hotel General manager, corporate office and owning company, I am responsible for:
• Leading hotel pre-opening activities, including budget development and critical path finalization.
  Implementing new billing system (EMMA) as the pilot hotel for the country.
• Managed a team of finance professionals, providing guidance, support, and ongoing training to ensure continued growth and development.
• Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.
• Introduced internal controls to monitor critical areas of financial control and established local standard operating policies to address risks or deficiencies.
• Preparing annual budgets, monthly forecasts, and FF&E expenditure budgets.
• Supported executive-level decision making through the development of comprehensive financial models, clear KPIs, financial metrics and dashboards.
• Monitoring KPIs for staffing and cost structure, adjusting rolling forecasts as needed to achieve conversion targets and monitor performance against targets.
• Facilitating internal/external audits and ensuring financial and tax compliance.

Main achievements:
- Successfully completed pre-opening activities and achieved an annual full audit score of 88.7%.
- Enhanced finance staff skills through tailored training programs, fostering continuous improvement.

Dubai's first five-star hotel, with 288 rooms and 15 award-winning restaurants and bars, reporting to hotel Director of Finance, I was responsible for:

• Supporting financial reporting, cash flow analysis, and budgeting processes. Preparing annual capital and operating budgets, and updating monthly forecasts.
• Worked closely with operations teams to improve inventory management practices, resulting in reduced carrying costs without impacting service levels or customer satisfaction.
• Leading monthly Metrics meetings with P&L-based key performance ratio analysis.
• Collaborated with cross-functional teams for accurate revenue forecasting and expense tracking.
• Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
• Managing VAT returns reconciliation and submission for audit review.
• Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
• Conducting monthly audits and spot checks to ensure compliance with internal policies.
• Supported external audit processes with timely delivery of requested documentation and schedules.
  
  Main achievements:
  - Improved self-assessment compliance score by 4% through policy updates and audits.
  - Maintained 3-4% accuracy in monthly forecasting.

A luxury hotel Radisson Collection in Tsinandali, Kakheti, Georgia, with 124 rooms and exceptional dining experience. I was reporting to hotel General manager and responsible for:

• Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.
• Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.
• Developed comprehensive financial models for strategic planning and decision-making purposes.
• Reviewing standard operational policies to improve internal financial controls.
• Conducting monthly financial analysis, P&L reviews, and menu engineering.
• Building relationships with corporate office, owners, vendors, and auditors.

Main achievements:
- Achieved an annual audit score of 88.8% through strengthened financial controls.
- Reduced food costs by 2% via monthly menu engineering reviews.
- Maintained 3-4% accuracy in monthly forecasting.

A leading five star hotel in Tbilisi city center, with 249 rooms and and 5 restaurants and bars. I was reporting to hotel financial controller and was responsible for:

• Overseeing daily accounting operations (accounts payable, receivable, payroll, general ledger).
• Preparing financial reports, including month-end/year-end closings, P&L statements, and balance sheets.
• Preparing monthly declarations (income, tax, VAT, Profit tax and pension declarations).
• Supporting audits by providing documentation and liaising with external and internal auditors.
• Improving accounting processes for greater efficiency.

Main achievements:
- Reduced month-end closing time by 2 days through process improvements.
- Enhanced reporting accuracy with streamlined accounting workflows.

A leading five star hotel in Tbilisi city center, with 249 rooms and and 5 restaurants and bars. I was reporting to hotel financial controller and was responsible for:

• Managing accounts payable/receivable, invoice processing, collections, and vendor payments.
• Reconciling bank statements and monitoring cash flow for optimal liquidity.
• Handling high-volume invoice entries, purchase order matching, and supplier queries.
• Preparing daily cash reconciliation reports and verifying credit card transactions.

Main achievements:
- Ensured accurate GL entries and timely payments through effective collaboration with the Financial Controller.
- Maintained optimal liquidity levels via regular cash flow monitoring.