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Alaa Bamofleh, Financial Controller

Alaa Bamofleh

Financial Controller·Gulf International Bank,

Saudi Arabia

Master's degree, Finance

Work experience

Total years of experience: 17 years, 0 months

Financial Controller

June 2024 - September 2025

Gulf International Bank,

Khobar, Saudi Arabia

June 2024 - September 2025

• Identified and executed cost-saving initiatives, achieving a 12% reduction in operational expenses and contributing to a
10% increase in profitability
• Oversaw GL reconciliation, fixed assets, and accounts payable, processing 500+ monthly transactions with 98% accrual
accuracy and reducing errors by 15%
• Developed and implemented 20+ financial control policies and procedures, enhancing compliance and improving
control efficiency by 20% across all business units
• Led and coached a high-performing finance control team, boosting productivity by 18% and increasing staff
engagement scores by 15%
Company industry:
Banking
Job role:
Accounting and Auditing

Senior Manager – Financial Control

November 2022 - May 2024

Vision Bank,

Riyadh, Saudi Arabia

November 2022 - May 2024

• Integrated Oracle ERP and automated financial technologies, accelerating reporting speed by 30% and enhancing data
accuracy across business units
• Directed 5 financial system integrations within a complex banking network, improving team performance and
operational output through streamlined workflows
• Optimized accounts payable processes, reducing outstanding invoices by 30% in six months and significantly improving
cash flow management
• Developed internal control policies and accounting frameworks, strengthening compliance and risk mitigation by 15%
and improving reporting accuracy by 20%
Company industry:
Banking
Job role:
Banking

Wholesale Financial Controller

February 2021 - October 2022

Saudi National Bank,

Jeddah, Saudi Arabia

February 2021 - October 2022

• Achieved 100% compliance with internal policies and SAMA regulations, ensuring general ledger integrity and
strengthening audit readiness
• Developed strategic financial models, driving 15% cost efficiency and enabling data-backed decision-making across
business units
• Analyzed financial performance vs. KPIs and budgets, identifying deviations >8% and implementing corrective actions
that increased profitability by 12%
• Reconciled over 1, 000 loans and deposits monthly, improving accuracy and reducing discrepancies by 20%, while
accelerating resolution speed by 25%
Company industry:
Banking
Job role:
Banking

Retail and Corporate Financial Controller

April 2019 - February 2021

National Commercial Bank,

Jeddah, Saudi Arabia

April 2019 - February 2021

• Improved forecasting accuracy by 15% by analyzing financial statements and market trends, enabling more informed
strategic decisions in retail and corporate banking
• Identified risks and growth opportunities in collaboration with leadership, contributing to a 12% increase in strategic
initiatives
• Recommended operational improvements, reducing costs by 10% and enhancing overall performance across
departments
• Executed income recognition processes, reviewing unearned balances daily and monthly, increasing reporting accuracy
by 98%
Company industry:
Banking
Job role:
Banking

Senior Officer – Risk & Product Control (Treasury)

March 2016 - April 2019

National Commercial Bank,

Jeddah, Saudi Arabia

March 2016 - April 2019

• Optimized collateral and trade processes, increasing operational efficiency by 30% and reducing credit risk by 20%
• Assessed credit limits across countries and dealers, effectively managing exposure and reducing risk by 15%
• Created trading strategies, enhancing profitability by 14% and improving operational agility in treasury functions
• Analyzed revenue reports, delivering actionable insights that boosted performance by 10%
Company industry:
Banking
Job role:
Banking

Treasury Financial Controller

October 2015 - March 2016

National Commercial Bank,

Jeddah, Saudi Arabia

October 2015 - March 2016

• Directed daily and monthly account reconciliations, improving data accuracy and integrity by 98%
• Analyzed P&L derivatives and market trends, guiding strategic decisions that increased profitability by 10%
• Led month-end and year-end closings, ensuring 100% accuracy and timeliness in financial reporting
• Oversaw IRS derivatives management, optimizing performance and achieving 100% compliance, while reducing risk
exposure by 12%
Company industry:
Banking
Job role:
Banking

Project Portfolio Manager

December 2013 - September 2015

National Commercial Bank,

Jeddah, Saudi Arabia

December 2013 - September 2015

●Oversaw shared services project portfolios aligned with revenue enhancement and cost optimization objective

● Managed projects and programs life cycle in accordance with the business project managers and offer the requisite support and recommendations to resolve the issues associated with their projects

● Provided analysis & inputs for decisions to be made by the Sector IT Committee
● Steered projects through all phases, including scoping, planning, execution, and evaluation, to ensure successful delivery

● Provided strategic guidance on budgeting, resource allocation, and
risk management while actively monitoring performance and implementing corrective actions

● Directed cross-functional project teams and vendor collaborations
to achieve critical milestones
Company industry:
Banking
Job role:
Banking

Sector Project Portfolio Manager

June 2012 - November 2013

National Commercial Bank,

Jeddah, Saudi Arabia

June 2012 - November 2013

● Spearheaded shared services strategic projects delivery from inception to completion, ensuring alignment with organizational goals

● Conducted assessments and reviews on projects/programs to ensure that they fit the bank's strategic objectives

● Developed and implemented a comprehensive Project Portfolio Management (PPM) framework and communication strategy across the organization to enhance collaboration

● Enhanced project delivery outcomes through the introduction of innovative reporting analytics and dashboards, fostering data-driven
decision-making
Company industry:
Banking
Job role:
Quality Control

Project Manager

September 2011 - May 2012

National Commercial Bank,

Jeddah, Saudi Arabia

September 2011 - May 2012

● Championed critical development initiatives throughout the project lifecycle, ensuring strategic alignment and successful execution

● Directed project scoping, planning, resource management, and progress monitoring to optimize project performance and deliver results

● Cultivated strategic partnerships to drive successful project
outcomes and enhance collaboration among stakeholders
Company industry:
Banking
Job role:
Management

Project Leader – Retail and ATM Operations

August 2010 - September 2011

National Commercial Bank,

Jeddah, Saudi Arabia

August 2010 - September 2011

● Oversaw sub-units and vendor relationships, implementing performance monitoring aligned with rigorous quality standards

● Conducted comprehensive investigations into business continuity incidents to identify root causes and improve resilience

● Developed and instituted quality control measures to ensure
seamless business operations and enhance overall efficiency
Company industry:
Banking
Job role:
Banking

Assistant Branch Coordinator – SME Products

December 2009 - January 2010

AXA Cooperative Insurance,

Jeddah, Saudi Arabia

December 2009 - January 2010

● Oversaw the development of the SME portfolio, driving strategic
initiatives to enhance product offerings

● Directed the development, review, and performance reporting of products to ensure alignment with market needs and business
objectives

● Provided training, support, and guidance to sales and service teams to optimize operational effectiveness

● Championed the promotion of SME healthcare products through diverse sales and marketing campaigns in Saudi Arabia to expand
market reach
Company industry:
Insurance & TPA
Job role:
Medical, Healthcare, and Nursing

Assistant Manager – Business Development & Marketing

April 2008 - November 2009

Red Sea Gateway Terminal,

Jeddah, Saudi Arabia

April 2008 - November 2009

● Facilitated business development, marketing, and public relations initiatives to drive organizational growth

● Managed budgets and controlled expenditure to ensure financial
discipline and resource allocation efficiency

● Boosted new business development efforts through targeted marketing campaigns designed to maximize impact and reach
Company industry:
Shipping
Job role:
Management

Education

University of Business and Technology

January 2015

January 2015

Master's degree, Finance

Saudi Arabia

GPA (point): 4.64 out of 5

GPA (point): 4.64 out of 5

King Abdulaziz University

January 2007

January 2007

Bachelor's degree, English Language

Saudi Arabia

Skills

Finance Operations
Expert
Finance Operations
Expert
Strategic Financial Planning
Expert
Strategic Financial Planning
Expert
Strategic Planning
Expert
Strategic Planning
Expert
Project Management
Expert
Project Management
Expert
Finance Control
Expert
Finance Control
Expert
Banking
Expert
Banking
Expert
Financial Control
Expert
Financial Control
Expert
Enterprise Resource Planning
Expert
Enterprise Resource Planning
Expert
Finance Technology (FINTECH)
Expert
Finance Technology (FINTECH)
Expert
Budgeting and Forecasting
Expert
Budgeting and Forecasting
Expert
Project Management
Expert
Project Management
Expert
Team Leadership
Expert
Team Leadership
Expert
Strategic Planning
Expert
Strategic Planning
Expert

Languages

English

Native Speaker

Arabic

Native Speaker

French

Intermediate

Training and Certifications

Certifications
Financial Planning & Analysis: Building a Company's Budget
International Financial Reporting Standards IFRS Course
Financial Planning and Budgeting
Strategic Management
Risk-Based Pricing and Cost Value Management
Recent Finance Regulation Course
International Financial Reporting Standards
Derivatives & Capital Market
Erickson Solution-Focused Coach Qualification
Leadership in an Exponentially Changing World
Certified Strategy and Business Planning Professional
International Financial Reporting Standards Course
Introduction to FinTech
Derivatives Fundamentals
Financial Planning and Budgeting
Strategic Management
Financial Planning & Analysis: Building a Company's Budget
Project Management Professional (PMP)
Foundational Consulting Skills
AI for Finance Specialization
Certificate for Introduction to FinTech
certification