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Osman Ali Osman Ali, Finance Manager

Osman Ali Osman Ali

Finance Manager·BOLT GENERAL TRADING LLC

United Arab Emirates

Bachelor's degree, Bachelor's Degree , Accounting And Business Management,

Work experience

Total years of experience: 23 years, 1 months

Finance Manager

August 2022 - Present

BOLT GENERAL TRADING LLC

Dubai, United Arab Emirates

August 2022 - Present

As a Finance Manager at Bolt General Trading, I led financial operations and strategy to drive business growth and optimize financial performance. Over my tenure, I successfully oversaw various critical functions and achieved significant accomplishments:
• Financial Planning and Analysis: Spearheaded budgeting, forecasting, and financial analysis processes, resulting in a 15% improvement in accuracy and a 10% reduction in cost variances.
• Cash Flow Management: Implemented streamlined cash flow monitoring mechanisms, reducing outstanding receivables by 20% and improving working capital efficiency.
• Financial Reporting: Produced timely, accurate, and insightful financial reports for senior management and stakeholders. Enhanced reporting templates, leading to clearer visualization of key financial metrics and facilitating data-driven decision-making.
• Team Leadership: Managed a team of four finance professionals, fostering a collaborative and high-performance work environment. Conducted regular training sessions to enhance team members financial acumen and professional development.
• ERP Implementation: Led successful implementation of an enterprise resource planning (ERP) system, streamlining financial processes and enhancing data accuracy. Trained staff on system usage, resulting in a 30% reduction in manual data entry errors.

Company industry:
Trading & Commodity Trading
Job role:
Accounting and Auditing

Finance Manager

June 2022 - Present

Elite Innovative Health Services FZLLC

Dubai, United Arab Emirates

June 2022 - Present

As Finance Director at Elite Innovative Health Services FZLLC, Ive driven financial success through:
• Strategic financial planning, achieving 20% annual revenue growth.
• Advanced financial analysis for informed decision-making.
• Cost-saving initiatives, reducing overheads by 15%.
• Successful acquisition, expanding customer base by 30%.

Company industry:
Medical Clinic
Job role:
Accounting and Auditing

Internal Auditor

October 2021 - June 2022

LOOTAH BIOFUEL

Dubai, United Arab Emirates

October 2021 - June 2022

As an Internal Auditor at LOOTAH BIOFUEL, I ensured financial and operational integrity through:
• Conducting risk assessments and tailored audit plans.
• Enhancing internal controls, reducing deficiencies by 20%.
• Ensuring compliance with regulations and policies.
• Utilizing data analytics for financial analysis and fraud detection.
• Presenting clear audit reports to management.
• Championing audit automation, reducing manual efforts by 30%.
• Providing training on internal controls and fraud prevention.
• Collaborating cross-functionally for insights and understanding.
• Continuing professional development to stay updated.

Company industry:
Oil & Gas
Job role:
Accounting and Auditing

Finance Manager

May 2017 - September 2021

IAS LOOTAH CONTRACTING LLC

Dubai, United Arab Emirates

May 2017 - September 2021

As Finance Manager at IAS LOOTAH CONTRACTING, Ive driven financial health and strategy. Highlights include:
• Strategic planning for 15% annual revenue growth.
• Accurate financial reporting and analysis for improved profitability.
• Efficient cash flow management, reducing cycle time by 20%.
• Effective project budgeting and compliance, leading to zero findings in audits.
• Mentored a team of five, fostering growth and collaboration.
• Negotiated contracts for 12% cost savings.
• Led successful acquisition, expanding market share by 25%.
• Implemented ERP system, reducing errors by 30%.
• Communicated with stakeholders transparently, building trust.
• Adapted strategies to industry changes, ensuring sustained success.

Company industry:
Construction & Building
Job role:
Accounting and Auditing

Deputy Finance Manager

May 2015 - April 2017

SAEED AHMED LOOTAH & SONS GROUP PSC

Dubai, United Arab Emirates

May 2015 - April 2017

In my role as Deputy Finance Manager at SAEED AHMED LOOTAH & SONS GROUP PSC, Ive been instrumental in overseeing financial operations and strategic planning, contributing to the organizations stability and growth:
• Assisted in managing financial health, budgeting, and reporting processes.
• Conducted in-depth financial analysis and produced comprehensive reports.
• Supported team leadership and professional development initiatives.
• Managed cash flow and optimized liquidity.
• Coordinated external audits and ensured compliance with regulations.
• Contributed to cost control efforts, achieving a 10% reduction in costs.
• Provided financial oversight for projects and utilized ERP systems.
• Facilitated stakeholder communication and strategic planning discussions.
• Stayed updated with financial regulations and industry best practices.

Company industry:
Investment, Securities & Funds
Job role:
Accounting and Auditing

Accounts Manager

November 2012 - December 2015

AL JAWHARA HOTELS

Dubai, United Arab Emirates

November 2012 - December 2015

As Accounts Manager at Al Jawhara Hotels, Ive led financial operations and contributed to growth by:
• Managing day-to-day finances, ensuring compliance.
• Producing accurate financial reports and analysis.
• Leading budgeting and forecasting processes.
• Implementing effective cash flow management.
• Initiating cost control measures, reducing expenses by 10%.
• Establishing strong internal controls and compliance.
• Leading a high-performance accounting team.
• Managing vendor relationships and improving payment cycles.
• Coordinating successful annual financial audits.
• Implementing a new financial management system, reducing errors by 25%.
• Optimizing revenue generation strategies.
• Communicating financial insights to stakeholders.
• Pursuing continuous professional development.

Company industry:
Hospitality & Accomodation
Job role:
Accounting and Auditing

Accounts Manager

May 2007 - November 2014

S S LOOTAH CONTRACTING LLC

Dubai, United Arab Emirates

May 2007 - November 2014

As the Accounts Manager at S.S. Lootah Contracting LLC, I oversee financial operations, ensuring accuracy and transparency. Key contributions include:
• Implemented rigorous financial controls and procedures to enhance accuracy and mitigate risks.
• Streamlined the accounts payable and receivable processes, resulting in improved cash flow management.
• Developed comprehensive financial reporting mechanisms, providing stakeholders with timely and insightful data for decision-making.
• Led successful audits by external parties, ensuring compliance with regulatory requirements and industry standards.
• Implemented cost-saving measures across various departments, contributing to enhanced profitability.
• Spearheaded the transition to digital accounting systems, increasing efficiency and reducing manual errors.
• Provided strategic financial analysis and recommendations to support business growth and expansion initiatives.
• Conducted regular financial reviews and forecasting, enabling proactive financial planning and resource allocation.
• Fostered a culture of transparency and accountability within the finance team, promoting collaboration and excellence.
• Established strong relationships with banks and financial institutions, securing favorable terms for loans and credit facilities.

Company industry:
Construction & Building
Job role:
Accounting and Auditing

Auditor

October 2004 - March 2007

EMAD FATHI FOR FINANCIAL CONSULTING & TAX OFFICE

Cairo, Egypt

October 2004 - March 2007

As an Auditor at Emad Fathi for Financial Consulting & Tax Office, Ive played a crucial role in ensuring the accuracy, integrity, and compliance of financial records for a diverse range of clients. Key contributions include:

• Audit Planning and Execution: Led and participated in planning, executing, and supervising financial audits across various industries. Developed tailored audit programs and risk assessment frameworks.
• Financial Analysis and Evaluation: Conducted thorough financial analysis to evaluate the effectiveness of internal controls, financial performance, and areas for improvement. Presented findings and recommendations to client management.
•Regulatory Compliance: Ensured clients adherence to accounting standards and industry regulations by conducting audits by IFRS and GAAP.
• Risk Management and Fraud Prevention: Implemented procedures to identify and mitigate fraud risks, resulting in early detection of irregularities.
• Team Leadership and Development: Provided guidance and training to junior auditors, fostering collaboration and skill development within audit teams.

• Audit Reporting and Communication: Prepared detailed audit reports, effectively communicating findings, risks, and recommendations to clients to promote transparency and understanding.

Company industry:
Accounting
Job role:
Accounting and Auditing

Junior Accountant

May 2003 - September 2004

EGYPTIAN SAUDI COMPANY FOR SOFTWARE (MAS)

Cairo, Egypt

May 2003 - September 2004

Responsibilities:
• Maintain accurate financial records.
• Assist in budget preparation and monitoring.
• Prepare financial reports for management.
• Ensure tax compliance.
• Support internal and external audits.
• Manage cash flow activities.
• Coordinate with vendors for payments.
• Conduct financial analysis.
• Implement process improvements.
• Collaborate with cross-functional teams.

Your gracious assistance and support are greatly appreciated.

.

Company industry:
Software Development
Job role:
Accounting and Auditing

Education

Helwan university

May 2003

May 2003

Bachelor's degree, Bachelor's Degree , Accounting And Business Management,

Egypt

Bachelor’s Degree in Accounting and Business Management from Helwan University. Gained comprehensive knowledge in financial and managerial accounting, cost control, auditing, budgeting, and business administration. Built strong analytical, reporting, and financial decision-making skills through academic projects, case studies, and applied coursework, with a solid understanding of organizational and financial management practices.

Skills

BUDGETING
Expert
BUDGETING
Expert
ACCOUNTING
Expert
ACCOUNTING
Expert
CASH FLOW MANAGEMENT
Expert
CASH FLOW MANAGEMENT
Expert
COLLABORATION
Expert
COLLABORATION
Expert
FINANCIAL ANALYSIS
Expert
FINANCIAL ANALYSIS
Expert
LEADERSHIP
Expert
LEADERSHIP
Expert
MANAGEMENT
Expert
MANAGEMENT
Expert
FORECASTING
Expert
FORECASTING
Expert
FINANCIAL PLANNING
Expert
FINANCIAL PLANNING
Expert
MFG/PRO (ERP)
Expert
MFG/PRO (ERP)
Expert
Auditing
Expert
Auditing
Expert
Finance
Expert
Finance
Expert
Administration
Expert
Administration
Expert
Financial Reporting
Expert
Financial Reporting
Expert

Languages

Arabic

Native Speaker

English

Expert

Training and Certifications

Training
Preparation Of Financial Statments Based On GAAP
3 FOLD Education Center
Sep 2016
Zero Budget Workshop - Department of Economic Department of RAK
Department of Economic Department of RAK
Feb 2019
Anti-Fraud & Anti-Corruption Strategy
open thinking Institiution
FRS for (SMEs) Workshop - (ASCA) & Dubai SME & IFRS Foundation
Arab Society Certificate Accountants

Recommendations

Refat Hussein M Ali Mokhtar

Feb 2024

Feb 2024

GMManager

Active and They're seriously talented with words, super detail-oriented, and always ready to jump into action.

Hobbies and interests

"My hobby is playing chess and reading."

"One of my favorite hobbies is playing chess. I find the strategic depth and intellectual challenge of the game incredibly stimulating. In addition to chess, I'm an avid reader. I find great joy in exploring various genres, from fiction to non-fiction, fantasy to science fiction.