Osama Ahmed, general finance manager

Osama Ahmed

general finance manager

mtm

Location
Saudi Arabia - Jeddah
Education
Diploma, M.D.: English Language
Experience
20 years, 11 Months

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Work Experience

Total years of experience :20 years, 11 Months

general finance manager at mtm
  • Saudi Arabia - Jeddah
  • May 2024 to May 2024
Financial Auditing Manager at MBL - Modern Building Leaders
  • Saudi Arabia - Jeddah
  • September 2022 to April 2024

• Supervising on Implementing Oracle Financial system
• Implementing automated audit system to generate cost savings
• Applied Six Sigma methodology to evaluate and make informed process improvement recommendations
• Trained and mentored staff to perform best audit practices and improve quality standards
• Prepared audit reports, providing clear description of findings and issues identified and recommending appropriate solutions
• Establish new financial procedures to be applicable with new financial program
• Establishing and following up new financial procedures for related parties companies applicable with new TAX and VAT Laws
• Streamlined workflows by identifying bottlenecks in existing systems and proactively addressing these challenges through appropriate solutions implementation.
• Ensured compliance with industry regulations and legal requirements by implementing comprehensive policies and training programs for staff members.

financial auditing manager at Modern building leaders
  • Saudi Arabia - Jeddah
  • September 2022 to April 2024
financial audit head at MBL
  • Saudi Arabia - Jeddah
  • September 2022 to April 2023
Financial Manager at Wna Egypt Constructions Co
  • Egypt - Cairo
  • January 2017 to August 2022

• Managing Financial department
• Establishing and following up on implementation of accurate financial procedures.
• Prepared comprehensive financial statements for executive review, aiding in effective decision-making processes regarding growth opportunities and resource allocation.
• Delivered timely internal reports to various stakeholders detailing key aspects of companys financial health, ensuring transparency and clear communication.
• Increased financial efficiency by streamlining budget processes and implementing cost-saving measures.
• Optimized cash flow management strategies, ensuring sufficient funds were available for daily operations while maximizing returns on idle cash balances.
• Complied with all relevant regulations by maintaining detailed records of financial transactions, minimizing risk of penalties or fines from regulatory authorities.
• Provided strategic financial guidance during mergers and acquisitions, contributing to successful integration efforts and long-term value creation.
• Cultivated relationships with banking institutions, securing favorable loan terms that supported business expansion initiatives.
• Implemented new accounting software to automate manual tasks, significantly reducing errors and processing time.
• Developed and maintained financial models for forecasting, enabling more accurate predictions of future revenue and expenses.
• Managed team of financial analysts, resulting in increased productivity and better performance metrics.
• Enhanced financial reporting accuracy through regular audits and reconciliations, leading to improved decision making capabilities.
• Collaborated with tax professionals to ensure accurate and timely filing of all required documents, minimizing risk of costly penalties or audits.
• Implemented comprehensive employee training program for financial software, increasing staff efficiency and reducing need for external support.

Accounting Manager of International &Mega Projects at Saudi Bin Ladin Group
  • Saudi Arabia - Jeddah
  • February 2007 to December 2014

A- Accounting manager of international & Mega projects:
• King Abdullah palace - Morocco
• Dakar international airport - Senegal
• Ream towers Abu Dhabi - UAE
• King Abdulaziz international airport
• Jamarat bridges - Mena
• Development of king Abdulaziz endowment
• Massaa extension 1 & 2 & 3
• MOI prisons Phases 1 & 2
• King Abdullah private Villa - Riyadh
• Pilgrims Hall Phase 1
• Issuance projects financial reports (cash flow & cost & budget comparing & deviation analysis)
• Coordinated efforts between accounting team and other departments to ensure accuracy in interdepartmental transactions recording and proper cost allocation.
• Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
• Monitored budget allocation and expenditures to enforce compliance with company policies.
B- Issuance financial Reports(Projects & Accounting) and auditing process:
• Issuance timely General Financial reports (annually/ periodically / Monthly)
• Responsible for SBG related parties - 175 company - local & foreign across the world for accounts reconciliations, adjustments and consolidated reports
• Streamlined month-end closing procedures resulting in reduced processing time without compromising accuracy or completeness of reports generated.
• Reviewed analyzed, and improved overall effectiveness of existing internal controls over financial reporting.
• Managed successful audits by collaborating effectively with internal and external auditors.
• Created and maintained financial databases for data entry, tracking and reporting.
• Developed and implemented various procedures to improve accounting process.

Accountant at Ey - Egypt
  • Egypt - Cairo
  • July 2001 to December 2007

Participate in issuance balance sheets
• Participate in Auditing several of large companies
• Preparing the documents of social insurance, tax authority and commercial registrations
• Carrying out the procedures of loans and bank facilities
• Prepared VAT and income tax forms for commercial and individual clients.

Education

Diploma, M.D.: English Language
  • at Oxford Languages Institute
  • March 2008
Bachelor's degree, Bachelor of Commerce
  • at Ain Shams University
  • May 2001
Bachelor's degree, Commerce And Finance
  • at Ain Shams University
  • May 2001
Bachelor's degree, Accounting
  • at Ain Shams University
  • May 2001

Specialties & Skills

organizing
ACCOUNTING
FINANCIAL SOFTWARE
INTEGRATION
MANAGEMENT
FORECASTING
STREAMLINING
CASH FLOW MANAGEMENT
Budgeting
Finance
Financial Accounting
Financial Reporting
Auditing
Financial Management

Social Profiles

Languages

Arabic
Native Speaker
English
Expert

Training and Certifications

VAT Specialest - KSA (Certificate)
Date Attended:
July 2023
Chartered Accountant (Certificate)
Date Attended:
August 2010
Corporate govarnance (Certificate)
Date Attended:
October 2018
Certified management accountatn (Certificate)
Date Attended:
September 2020

Hobbies

  • sports