AHMED ALHARTHI
Jeddah
Summary
Financial professional with robust experience in controlling and reporting, now leading risk management initiatives under Group Treasury. Deep knowledge in financial oversight combined with a strategic approach to risk mitigation. Excels in leveraging financial data to drive decision-making, safeguard assets, and ensure compliance.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Teacher's Assistant
Risk Management Lead
Jeddah Central Development Company
Jeddah
04.2024 - Current
- Developed and implemented risk management strategies to minimize financial losses.
- Implemented robust risk management strategies to protect company assets and mitigate potential threats.
- Performed risk management assessments on projects.
- Conduct comprehensive risk assessments to identify potential risks affecting the organization.
- Develop and implement risk identification and assessment processes across all business units.
- Maintain and regularly update the company’s risk register.
- Design and implement effective risk mitigation strategies and controls.
- Monitor and report on the effectiveness of risk mitigation efforts.
- Prepare and present risk reports to senior management and the board of directors.
- Develop and maintain risk management policies, procedures, and standards.
- Ensure compliance with regulatory requirements and industry best practices.
- Develop corrective action plans to address identified issues.
- Collaborate with other departments to integrate risk management into business processes.
- Provide leadership and guidance to risk management team members.
- Foster a risk aware culture within the organization through training and communication
Financial Risk &Liquidity and Cash Management Mgr
Saudi Arabian Airlines Corporation (Holding Co.)
08.2021 - 04.2024
- Responsible for identifying, assessing, and mitigating risks associated with company's treasury operations
- Develops and implements risk management policies and procedures
- Monitors company's risk exposure on an ongoing basis and reports on risk trends to senior management
- Works with Treasury team to develop and implement hedging strategies to mitigate financial risks
- Stays up to date on latest developments in risk management and treasury operations
- Provide oversight management of market risk, in particular fixed income risk, foreign exchange risk
- Produced liquidity risk reporting on a regular basis
- Managing risk portfolio of fixed income in foreign currencies and report them to top management
- Responsible for set of reports such as gap analysis and risk register
- Set Group- level dashboards and reports to senior management for monitoring and update.
Senior Financial Specialist
SAUDI ARABIAN AIRLINES CORPORATION (Hodling Co.)
02.2017 - 08.2021
- Involved in Annual preparation of Group consolidated financial statements
- Performed financial analysis reports for SAUDIA Group or per Strategic business Unit and provided recommendation to top management
- Reports such as financial; ratio analysis and financial performance
- Finalized annual fleet valuation report
- Communicated corporate strategic directions to SBU's, to ensure their alignment to Corporate strategic directions as well as facilitating fully owned business unit's financial affairs with government entities
- Liaise with external auditors
- Prepared Ad-hoc financial reports
- Involved in all finance Projects related to Finance Group Division
- Assisted in consolidating Group annual budget
- Prepared consolidated monthly management accounts.
Financial Accounting Analyst
SAUDIA
01.2013 - 01.2017
- Researched and rectified billing and invoice issues
- Generate reports that derive from the system and submit them to management for monitoring and decision-making purposes
- ERP system accounting transactions posting
- Reconciled general ledger accounts with 100% accuracy
- Verified items billed against items received, following up with vendors to reconcile variances.
Risk Management Officer
UCA (United cooperative Insurance)
09.2012 - 12.2012
- Policy risk assessment
- Evaluation of policy liability exposure
- Preparing loss analysis and budgets
- Calculated group and individual renewal rates based on customers' background, industry and demographic information
- Controlled loss by assessing risk, conducting system analysis and recommending policy solutions.
Education
Bachelor of Science - Finance/Risk Management
Virginia Commonwealth University
USA05.2012
Skills
Focal Point for holding Company throughout SAUDIA Group VAT Implementation project in 2017
Project Manager for Saudia Group project during Implementation of IFRs 9, 15, and 16 In 2018
Led SAUDIA group 2020 budget activation project involving external consultant
Managed to report actuarial valuation at group level of over 100,000 headcount and deferred liability amount to Billions of SAR for Multiple years
Certification
- Governance,Risk Management and Compliance Professional (GRP),OCEG Apr 2024
- Financial Modeling & Valuation Analyst (FMVA), Corporate Finance Institute, 21615039, Aug 2020
- Associate professional risk manager (APRM), Professional Risk Managers' International Association (PRMIA), 14645577, Jan 2020
- Advance financial Statement Analysis, Moody's Analytics, May 2018
- Actuarial Valuation of End Service and setting Actuarial Assumptions Under IFRS/IAS19Actuarial Valuation of End Service and setting Actuarial Assumptions Under IFRS/IAS19, KPMG Swiss, Nov 2017
- Passenger Proration -Advanced Passenger Proration, International Air Transport Association (IATA), Mar 2015
Timeline
Risk Management Lead
Jeddah Central Development Company
04.2024 - Current
Financial Risk &Liquidity and Cash Management Mgr
Saudi Arabian Airlines Corporation (Holding Co.)
08.2021 - 04.2024
Senior Financial Specialist
SAUDI ARABIAN AIRLINES CORPORATION (Hodling Co.)
02.2017 - 08.2021
Financial Accounting Analyst
SAUDIA
01.2013 - 01.2017
Risk Management Officer
UCA (United cooperative Insurance)
09.2012 - 12.2012
Teacher's Assistant
Bachelor of Science - Finance/Risk Management
Virginia Commonwealth University