Faisal Siddique CFO, CPA, CA, ACA, CMA, CFC, ChMC, CertBC, CertIFR, IPO, ERP
Email: fasiddique@gmail.com - Mob: +96650 4116202 - POBOX 974, Riyadh 11393, Saudi Arabia
LinkedIN Profile:
Online Course on Strategy, Analytics and Financial Modeling
Offering Online Course in Financial Modeling and Data Analytics for Beginners
Virtual Strategic CFO and Executive Coach available to provide financial and accounting services - I also offer management and financial courses to students.
I am currently offering an online course on Strategy, Analytics and Financial Modeling. You can register for this course online by clicking on the view course details
"If you want something you've never had, you must be willing to do something you've never done"
Thomas Jefferson
I am excited to see you on my website. Please take a moment to explore my site, where you’ll find details on my background, experience, skills and more. I can help you either by coaching you or preparing financial plans and reports, budgets, forecasts, business feasibility reports as well as review of your existing financial system and/or help you with ERP implementations.
To learn more or connect on an opportunity, don’t hesitate to reach out on my contacts:
Email: fasiddique@gmail.com
Mobile number: +966 50 411 6202.
Visit my profile on LinkedIN Profile: https://www.linkedin.com/in/saudicfo
You can also view my online course on Strategy, Analytics and Financial Modeling
About Me - Saudi CFO
Faisal Siddique CFO, CPA, CA, ACA, CMA, CFC, ChMC, CertBC, CertIFR, IPO, ERP
Strategic & Visionary CFO and Executive Coach with strong Leadership and IT/MIS/ERP skills based in Saudi Arabia seeking new CFO challenges in IPO Publicly Listed Company or large organizations. I am a CPA, CA, ACA, CMA, CFC, CertIFR & an associate member of Saudi Organization of Certified Public Accountants SOCPA with 25+ years of professional work experience. I am also an ERP/MIS Consultant and Certified IFR from ACCA and a honorary member of Phi Kappa Phi society. I worked as a CFO with Saudi & US firms in Riyadh, Dammam, Jeddah - Saudi Arabia & the GCC gulf region.
Executive Summary:
• Strong leadership and problem solving skills, business performance measurement, strategic & financial analysis, valuations, mergers & acquisitions, consolidation, forecasting, budgeting, compliance & audits, project management & infrastructure solutions
• Strategic and Visionary CFO worked in Education & Training, Retail & Trading, Consulting, HR Manpower, BPO, Call Center, IT, Construction, Manufacturing & Military
• Well versed in Corporate Finance, Financial Accounting, Auditing, Taxation, Costing, Budgeting & Planning
• Financial modeling & analytical skills in preparing business plans, feasibility reports, financial analysis & board reports
• Financial policies, procedures & workflow, internal control, cost control & treasury planning
• Formulate Benchmarks, KPIs & Balanced Scorecards
• Business knowledge of Cloud Computing, Virtualization, ERP, CRM, HRMS & SCM
• Certified Professional in Financial Reporting and Accounting, HR, Managerial & IT background
• Certified Public Accountant licensed by Maryland State Board of Public Accountancy - US CPA
• Chartered Professional Accountant, Chartered Accountant - CPA Ontario - Canada
• Certified Management Accountant CMA - Institute of Management Accountant - IMA US
• CFC - Certified Financial Consultant from Institute of Financial Consultants - USA
• ACCA IFRS Certification - International Financial Reporting UK
• Associate Member of the Saudi Organization for Certified Public Accountants - SOCPA Saudi
• Member of the American Institute of Certified Public Accountants - AICPA US
• Member of Maryland Association of Certified Public Accountants - MACPA US
• Member of Chartered Professional Accountants Ontario - CPA Ontario Canada
• Member of Chartered Accountants Ireland CAI - Dublin Ireland
• Member of Chartered Accountants Worldwide CAW - London UK
• Member of the The Honor Society of Phi Kappa Phi - Los Angeles US
My Experience - Saudi CFO
Background & Expertise
CFO Saudi Arabia - Public Listed Company
2015 - Present
Management of all financial, accounting, auditing, regulatory and tax functions. Fully involved in quarterly reviews, reporting and planning, forecasting, budgeting, project feasibilities, pro forma financials, projections, ROIs, Free Cash Flows, Breakeven analysis, and other management reports. The Group has over 6,000 employees with a turnover of SR 1 Billion.
Ensuring timely, accurate, and meaningful production of financial and operational information to management, investors and external parties such as banks, suppliers, contractors and lenders
Manage subsidiaries in Saudi Arabia, Egypt, UAE and London to produce on time financials for group consolidation reports
Prepare policies and procedures for general accounting, procurement and receiving procedures, work flows and forms, as well as policies for sales, service work order, service delivery, invoicing and collections involving all business units
Coordinate with auditors, consultants, actuaries, valuators and external legal experts on various issues related to financial and non-financial matters. To meet compliance regulation and ensure that risk management techniques are implemented to safeguard company assets
Manage group treasury, cash flow management and receivable management. Work with business unit Managers/SVPs on collections and disbursements as well as with all banking channels
Work with banks regarding financing facilities to fund the capital expenditure of the company
Designed, planned and drafted formation/execution of REIT offering for Al Khaleej/Al RAJHI REIT
Perform Lease accounting for property and implementation of an integrated assets management and fixed assets system for the whole group
Organized and prepared the IFRS conversion plan in compliance with SOCPA and CMA regulations and initiated the VAT implementation for the group
Meet with Audit Committee and Management, regulators, Capital Market Authority, and other appropriate outside third parties. Assist with the management of relations with the Company's outside auditors and regulatory agencies. Develop and maintain investor relationships and venture capital placement in order to grow business either organically or inorganically
Regularly update institutional investors on progress of the company and maintain a strong investor relationship. Review IPO offerings for investment purposes. Valuations (DCF/Multiples/BV)
Fully involved in Oracle ERP Company automation; integrating third party programs to JD Edward (Oracle), Implemented ERP Oracle Netsuite across 11 units in Saudi, Egypt UAE & London
Accountable for organization-wide education of finance policies, procedures, and standards and consistent application across all business units; engages regularly with all levels of leaders on strategy delivery and portfolio financial performance
Institutionalize financial best practices within the organization to ensure the sustainability of the finance function and its knowledge base
National Technology Group (Sport Expert)
Chief Financial Officer CFO - Saudi Arabia
2012 - 2015
Responsible for timely, accurate, and meaningful production of financial and operational information, to the CEO and Group Chairman
Treasury and cash flow management to ensure that funds were available for projects on timely basis. The excess funds were transferred to investment accounts as per company policy
Strong follow up with company’s Account Receivables in order to ensure that billing was performed on timely basis and funds were collected within the specified time period
Implemented property, plant and equipment system to monitor all company assets and integrated it with ERP (BaaN)
Developed policies and procedures for general accounting, invoicing, and purchasing
Formulated policies for Human Resources and Payroll in order to ensure timely hiring, training and termination of employees to satisfy the project requirements
Managed all the suppliers and negotiated on the best terms of payment and discounts
Interactive Group – Saudi Arabia
Finance Director
2010 - 2012
Leadership role in establishing and developing the company’s culture and values
Developed and delivered on company’s strategic plan in an effective and efficient manner
Responsible for overall management and business development – finance, operations, human resources, marketing & market research & product development
Developed and presented strategic and annual business plans to the Board for approval
Designed, developed and implemented complete Financial & Business plans from Bottom-up
Established business relationship with financiers for project financing and back-to-back facilities
Developed & monitored business, financial, cash flows (Project Cash Flows & Consolidated Cash Flows) and operational plans for each service as well as consolidated services
Implemented cost control measures, management control, review financial issues, control HR and plan for required resources to complete various jobs in IT/Telecom/Security
Reviewed bids, costing of various products/jobs and preparing feasibility reports
Productization of various services such as iDC, iStorage, iPDC, iNetworks, iInfra, iSystems
Case Studies on various products and services which included ERP, CRM, SCM, and others
Attended meetings with key stakeholders such as customers, suppliers, financiers, investors, directors and reviewed key performance indicators KPIs to ensure smooth operations
Worked with subcontractors to review and analyze performance as well as cost effectiveness
Ensured a fit between strategy & culture, and the company’s processes & structure
Managed resources efficiently and effectively to achieve company’s objectives
Managed, motivated, developed and led the management team
Ensured that appropriate internal audit processes and procedures were in place and ensured compliance with corporate policies and procedures ISO Standards
Al-Zuhair Group
Group Chief Financial Officer CFO - Saudi Arabia
2005 - 2010
Worked with the Chairman/President on strategic vision and mission of the Group
Evaluated opportunities for mergers and acquisitions (Foreign & Local)
Initiated & engaged banks and investors on the complete process for an IPO
Monitored and maintained Project Cash Flows & Consolidated Cash Flows, debt and liquidity position of the corporate as well as each business unit of the group
Negotiated with Banks on Project financing and project facilities. Monitored and maintained Banking Facilities to ensure smooth project progress and completions
Developed Finance & investment strategies, Financial business plans, Budgets, Project Costing & Resources in accordance with overall corporate strategy & direction
Consolidated financials on Group Level and reviewed financial reports for each business unit
Oversaw the development of adequate policies, procedures and processes for the Finance function to maintain efficient operational excellence
Developed Balanced Scorecards to monitor and improve business of each unit
Articulated mission, vision, objectives and KPIs for the Finance Department
Managed financial planning, budgeting, job costing, project costing and accounting at the corporate level as well as for each business unit
Monitored Business Units’ finance and accounting activities, reviewed reports, budgets, and financial statements to ensure compliance and adherence to corporate financial policies
Worked with European banks and financial institutions for issuance of finance facilities for projects
Oversaw and directed the preparation and issuance of corporate periodic financial reports
Monitored & Maintained bank facilities such as Bid & Performance Bonds, APG, LC/LG
Directed adequate systems of internal control to ensure accuracy and adequacy of accounting records and documentation, including appropriate procedure
Maintained budgetary control and cost control over projects and monitored cash flow position of the group on regular basis in order to ensure smooth operations of the company
Education
What I’ve Learned
BSc in Management and Business - University of Maryland University College
Bachelor's degree in Management and Business gave me a thorough understanding of the business world
MSc in Accounting and Financial Management
University of Maryland University College's Master's program in Accounting and Financial Management allowed to specialize in my area of interest
Phi Kappa Phi
Member of the Honor Society of Phi Kappa Phi for achieving a 3.9 GPA in my masters program
My Projects
What I’ve Done
ERP Projects
Compliance - IFRS
IPO / REIT - Private / Public
Professional Certifications and Memberships
I am a Certified Public Accountant and Chartered Accountant. I am also Certified Management Accountant and an associate member of Saudi Organization of Certified Public Accountant SOCPA. I am also member of the AICPA and CPA Ontario.
CPA, CA
CMA, CFC
CertIFR, CertBC, ChMC
Member of AICPA, CPA Ontario and Associate Member of SOCPA
