About Alaa Alhassan
-
Academic Level Degree Bachelor
-
Age 38 - 42 Years
-
Gender Male
-
Industry Management
-
Viewed 80
About me
Strategic Finance Manager with over 16+ years of progressive experience leading finance operations across holding companies and multi-entity environments, including food trading, real estate, manufacturing, hospitality, and automotive sectors. Strong expertise in IFRS compliance, SAP S/4HANA ERP implementation, consolidated financial reporting, budgeting, P&L management, and cash flow optimization. Proven ability in building and leading finance teams, strengthening internal controls, and delivering strategic financial insights to senior leadership. Experienced in working with Big Four audit firms, managing banking relationships, and supporting organizational growth through effective financial leadership.
Education
-
2005 - 2009
Applied Science Private University
Bachelor's degree in accounting
Experience
-
2022 - 2025
Aljawda Kuwaiti Company for Foodstuff
Finance Manager
• Assumed financial leadership and led a comprehensive financial and operational restructuring, turning the company from five consecutive years of losses to sustainable profitability.
• Reorganized inventory management processes (purchasing, sales, write-offs, repackaging), reducing waste and improving turnover.
• Developed structured financial and operational reporting systems to provide clear, data-driven insights to the Board of Directors.
• Closed underperforming sales outlets and reallocated resources to profitable locations, increasing overall revenues.
• Renegotiated supplier agreements to achieve lower purchase prices and improved payment terms, boosting gross margins.
• Strengthened cash flow management through optimized bank collections and payables management.
• Directed budgeting, forecasting, and variance analysis to support strategic decisions.
• Managed cash flow, banking relations, and financing facilities.
• Supervised preparation of consolidated financial statements for holding and subsidiaries.
• Designed and implemented cost-reduction initiatives, improving net profitability.
• Oversaw audits in collaboration with Big Four firms, ensuring IFRS compliance.
• Monitored investment portfolios and evaluated ROI performance.
• Trained, developed, and supervised accounting teams across business units.
• Presented financial insights to top management to drive strategic growth -
2010 - 2021
Fresh Fruits Company & Yali Holding Group
Finance Manager
• Progressed from Senior Accountant → Chief Accountant → Finance Manager, leading finance operations across multiple companies under the Yali Holding Group, including:
• Managed and mentored a finance department of 25+ professionals, including accountants, treasurers, and senior controllers.
• Designed and implemented robust accounting systems and procedures across all subsidiaries.
• Led ERP system implementations, including SAP S/4HANA, improving reporting transparency and operational efficiency (project fully completed; launch postponed due to COVID-19 and later suspended by new Board).
• Directed financial reporting, balance sheets, and income statements, ensuring accuracy and regulatory compliance.
• Prepared annual budgets, conducted financial forecasting, and optimized cost control measures, enhancing group-wide profitability.
• Negotiated banking facilities and secured favorable financial arrangements for the group.
• Supervised group-wide consolidation for holding and subsidiaries.
• Conducted internal audits and collaborated with Big Four firms to complete annual audits under IFRS.
• Provided strategic advisory to management on financial performance, growth, and investment decisions
Portfolio
Honors & awards
-
2024
Financial Restructuring & Excellence Award
Awarded for extraordinary leadership in orchestrating a complete financial turnaround, optimizing group-wide cost structures, and returning company operations to solid profitability.
