Finance Manager Financial Officer

ADNAN BASHIR

FINANCIAL, STRATEGY & TRANSFORMATION PROFESSIONAL

Mobile: +966-*********, +372-********

Email: ***************@*****.***

Location: Al Khobar, Saudi Arabia

Professional Summary

** **ars of expertise, transforming business decision making through data insights and automated reporting. Savvy in building finance functions from ground level to pioneering new financial models. Strategic business partner to C-suite, advising on impacts of potential decisions including enhancing operational excellence. Track record of raising profitability, uncovering high impact issues, and rolling out innovative technologies. Accustomed to managing multiple projects simultaneously in fast paced environment.

Skills and Talent

Leadership Strategic Planning Financial Planning

Financial Modelling Budget Development Financial Analysis Valuation Data Analytics KPIs & Metrics

Process Improvement Financial Controls Coaching & Mentoring Risk Management Project Management Forecasting

Change Management Negotiation ERP and IT

Professional Experience

Director Advisory Aug 2022 – Current

FIDUCIAM (Strategy, Transformation, Automation) – Khobar Saudi Arabia As Director Advisory, my key role was to help the companies improve the sustainability of their competitiveness and performance capabilities along the entire value chain with the aid of innovative technologies. I have a substantive track record of delivering business transformation programs, financial

& operational restructuring and deploying ERP in various industries. I specialize in helping clients develop their vision and strategy, setting their plan for success and partnering with them to implement their planned transformational outcomes.

Fiduciam Consulting endeavors to be amongst the leading management consulting providers, one which combines classic management consulting with outstanding technological expertise. This approach of thinking in terms of these two areas simultaneously will determine the future performance of every company. Fiduciam offers clients solutions in all fields of classic corporate consulting including strategy, restructuring, processes engineering and HR management. Currently I am working with Saudi Technology and Security Comprehensive Control Co. Ltd. (Tahakom) under Public Investment Fund (PIF) on Secondment Agreement. Responsibility entails strategic initiatives to revolutionize the way the Planning & Budgeting function manages its strategy, processes, internal controls, and financial reporting. To develop Company’s budget and oversee its implementation, review budget proposals, and prepare analytical reports. Monitor ERP “SAP” efficiency and utilization and provide recommendations for the improvement.

Group Chief Commercial Officer Mar 2022 – Jul 2022 Al Ghazzawi Group – Jeddah Saudi Arabia

Al Ghazzawi Group has diversified businesses which include Manufacturing, Real Estate Development and Management, Construction, Facility Management, Legal Services, Franchising, Telecommunications and Local & International Investments.

I was engaged in an appraisal assignment for the industrial and beverage division with a key focus on the transformation of manufacturing processes and resource management.

Performed detailed review of product costing with a key focus to improve gross margins.

Conducted qualitative and quantitative analysis for the group companies and provided recommendations for the improvement.

Reviewed value chain process and provided recommendations to enhance efficiency and productivity.

Performed time & motion study for the manufacturing methods to optimize business processes.

Introduced standard costing system.

Set smart objective and KPIs for the operations department. Chief Financial Officer Oct 2020 – Jan 2022

Arnon Plastics Industries Co. Ltd. – Khobar Saudi Arabia ARNON Plastic Ind. Co. Ltd is one of the leading industrial groups In Saudi Arabia under the flag of Bawan Holding Company. The company manufactures its products in 6 modern facilities specialized in building material and food packaging solutions. Recruited as CFO (one-year contract) during the period of rapid growth with a key focus on specific tasks including Strategic Planning, redefining Company’s Values, and optimizing Operational Performance by Processes Reengineering and Digital Transformation. Restructuring of costing structure to improve the bottom-line results.

Led successful effort to re-engineer the business processes targeting all facets including revenues, costing, product mix, business philosophy with a bottom-line improvement of $3 million.

Consolidated disparate financial reporting systems and developed internal governance structure and processes, including SOPs for financial reporting, budgeting and accounting. Designed and rolled out new accounting procedures, cutting down close cycle timeline.

Collaborate extensively with other executives to define and improve company mission.

Managed financial planning and budget with focus on potential growth by increasing revenues by 20% and implemented improved incentive schemes for the sales department to support revenue growth.

Successfully upgrade exiting ERP from AX Dynamics 2021 to D-365 and introduced new reporting dashboards.

Created common operating metrics for all plants that led to improved accountability of operations.

Renegotiated agreements with key suppliers, resulting in $2M + savings.

Streamlined capital structure resulting in improved cash flow and working capital management and reduced financial charges by 4%

Successfully managed insurance claim of SR 43M including Business Interruption part. Finance Director Apr 2017 – May 2020

MNAF3 Industrial Co. Ltd. / Stanley KSA – Jeddah Saudi Arabia MNAF3 Industrial Co. (MI) has been the market leaders in rolling shutter industry within Saudi Arabia for the past 35 years. Joined as Finance Director with a focus to streamline finance and accounting function, improve operational policies and procedures and support key management team for the Business Development.

Established new business line from scratch by engaging into exclusive dealership with Stanley Access Technology for KSA and Bahrain.

Supported Executive Management in developing new business in Health & Fitness Industry by doing initial feasibility study and developed 5 years business plan and latterly managed initial operations of the Gym “Evolve Ladies Gym”

Realigned production line by conducting time motion study and set standards with industry benchmarking resulting in increased productivity by 10% and efficiency by 15%.

Successfully deployed Production Module in AX Dynamics resulting in improved productivity and reporting.

Led successful effort to restructure manufacturing processes resulting in reducing operational costs by 5%.

Created a new MIS system across the company which has resulted in improving the flow of information and preparation of timely reports.

Renegotiated credit lines with financial institutions in line with business needs resulting in saving of interest cost.

Developed functional objectives in line with organizational objectives across the organization.

Created financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; developing action plans.

Setting organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement.

Monitoring of financial performance by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances.

Finance & Operations Director Sep 2008 – Aug 2016

Nuqul Group – Amman - Jordan

One of the largest business groups in Jordan. Market leader in hygienic paper business across the Middle East. Group investments have a wide range of products including ready mix concrete, synthetic sponge/foam, printed packaging material and Automotive (dealership of VW Group). Key Deliverables “Finance & Operations”

Served as member of top management and successfully supported the business successfully on all goals and objectives.

Engaged in providing consultancy to the Senior Managements/Investors in the areas of setting up the business, doing feasibility studies, risk management, business restructuring & modeling, development of new financial systems and processes, corporate governance, asset management and business diversification.

Minimized operational costs by executing restructuring processes and introducing operational excellence programs.

Created MIS system across the company which has resulted in improvement in the flow of information and preparation of timely reports.

Developed and implemented incentive schemes resulted in improved efficiency and productivity.

Championed the financial function in automation and successfully implemented ERP and developed IT policies to safeguard data.

Developed heavy commercial business in Jordan from scratch to a successful dealership.

Renegotiated credit lines with financial institutions in line with business needs to save on interest cost.

Implemented and monitored financial policies for effective compliance in the business and responsible for institutionalizing financial controls for effective cash flow management.

Reviewed group company policies & guidelines to ensure every accounting, legal and operational policy is implemented and visible at the lowest transactional level of the business unit.

Developed feasibility and comprehensive business plan for an elite health center and gym in Jordan “Magma Gym.” Operationally involved in the setting up of the Gym and managing it for the initial period.

Successfully led the project for ERP upgradation and integration with third party software. Key Deliverables “Investment & Business Development”

Supervised investment portfolio and asset management responsibilities; developed appropriate ongoing investment management strategies.

Looked after group investments by performing due diligence to substantiate the long-term value of investment and confirmed investments are consistent with plan’s investment guidelines.

Provided sector-specific knowledge of different approaches to allocation and management of risks.

Performed qualitative and quantitative research to select investments, managed portfolio risk. Early Career

Chief Financial Officer Mar 2008 – Aug 2008

International Co. for Railway Systems – Amman - Jordan The Company came into existence under a consortium after winning the bid to implement Jordan Light Rail System between Amman and Zarqa on a Build, Operate and Transfer basis. Group Finance Manager Dec 2001 – Mar 2008

Panasian Group of Companies – Lahore – Pakistan

Volvo Pakistan Limited, Ericsson Pakistan (Pvt.) Ltd and Others Panasian Group has established itself as one of the diversified business concerns with its investments categorized into Transportation and Construction Industry, Telecommunication, Energy & Power, and Oil & Gas.

Finance Manager Nov 1997 – Oct 2001

Rajex Industries – Sialkot – Pakistan

The company's scope of business covers manufacturing and export of quality footwear. Manufacturing was done under high quality supervision to meet international quality. Article Student & Consultant Oct 1993 – Oct 1997

Cooper & Lybrand – Lahore – Pakistan

Completed my 4 years’ article period with Coopers & Lybrand during which I participated in various Audit, Accounting, and Consultancy assignments with various clients in different business fields. Qualifications

CPA Canada (Finalist), Canadian Institute of Chartered Accountants (Year 2019) Fellow Chartered Accountant, Institute of Chartered Accountants of Pakistan, Lahore (Year 2011) Associate Chartered Accountant, Institute of Chartered Accountants of Pakistan, Lahore (Year 2000) Bachelor of Commerce, Punjab College of Commerce, Lahore (Year 1993) Faculty of Science, Government College, Lahore (Year 1990) Personal Details

Date of Birth: 15th July 1972

Nationality: Pakistani

Marital Status: Married, with one kid

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