Kholoud Alahmadi
Jeddah,Saudi Arabia
Summary
Accomplished professional with expertise in ERP accounting functions, financial planning and analysis, and budget management. Demonstrated ability to lead teams and foster cross-functional collaboration to achieve organizational goals. Adept at streamlining processes and enhancing financial performance through strategic planning and effective resource management.
Overview
6
6
years of professional experience
4
4
years of post-secondary education
1
1
Certification
Work History
Finance Manager
ACWA POWER
Jeddah, Saudi Arabia
01.2024 - 11.2024
- Developed comprehensive financial reports for top management review.
- Reviewed and updated internal financial policies, ensuring compliance with regulations.
- Ensured accurate tax filings, avoiding penalties and interest charges.
- Collaborated closely with auditors to ensure smooth audit processes.
- Oversaw financial reporting processes, maintaining accuracy and compliance with regulatory standards.
- Manage staff by setting clear objectives, ensuring role clarity, and enabling effective performance
- Managed cash flow and liquidity, mitigating financial risks and ensuring stability.
- Directed budgeting and forecasting activities to align financial goals with organizational objectives.
- Ensure adherence to company policies, local regulatory standards, CTA, Water & Power Purchase, and shareholder agreements
- Managed timely and accurate reporting of various financial transactions and information for detailed analysis.
- Ensure the timely renewal of promissory notes and facilitate the effective drawdown and rollover of Equity Bridge Loans and Senior Loans
- Regularly assess the SOFR rate of interest to maintain a strong financial position and make informed decisions
Instructor
NYL Center
02.2023 - Current
- Cost, Management, and Governmental Accounting instructor, one of the required exams to obtain a SOCPA fellowship
Senior Supervisor
ACWA POWER
03.2023 - 01.2024
- Prepare a complete set of monthly and quarterly Financial Reporting Package
- Update Financial Model with actual accounting data for long term forecast of profits and cash flows including comparison of historic trend and forecasted financial position
- Prepare monthly closing schedules and follow a closing checklist to ensure complete and accurate recording of accounting transactions in ERP system
- Prepare six monthly Project Forecast and cash waterfall for calculation of (DSCR) & (LLCR) for dividend distribution to sponsors
- Coordinate with tax firm for monthly filing of Withholding Tax (WHT), Value Added Tax (VAT) returns and annual filing of corporate tax return and Zakat
- Dealing with audit requirements
- (external, internal and government)
Accountant
Shuaibah Water & Electricity Company and Shuaibah expansion project company
Jeddah, Saudi Arabia
01.2019 - 02.2023
- Prepare monthly closing of the accounting to the management
- Monthly and Weekly cash flow to monitor bank balances for Investment purposes
- Coordinate with tax firm for filling of monthly (WHT),(VAT) returns
- Assistant In provides the requirements needed for external and internal auditors
- Other tasks include verification of payments to different suppliers/vendors as per the agreement, updating of fixed assets record, bank reconciliations & booking revenue, and posting of journals into the system
- Acting as Secretary of the Audit committee board
Education
Bachelor's degree - Finance
King Abdulaziz University
Jeddah, Saudi Arabia 09.2014 - 09.2018
Skills
- ERP Accounting Functions
- Financial Planning & Analysis
- Budget Management
- Team Leadership
- Cross-Functional Collaboration
Certification
Saudi Organization for Chartered and Professional Accountants Certificate, SOCPA, 01/23
Languages
Arabic
English
Timeline
Finance Manager
ACWA POWER
01.2024 - 11.2024
Senior Supervisor
ACWA POWER
03.2023 - 01.2024
Instructor
NYL Center
02.2023 - Current
Accountant
Shuaibah Water & Electricity Company and Shuaibah expansion project company
01.2019 - 02.2023
Bachelor's degree - Finance
King Abdulaziz University
09.2014 - 09.2018
Saudi Organization for Chartered and Professional Accountants Certificate, SOCPA, 01/23
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