Bader Faqeeh, MSc., CPA, CMA

Bader Faqeeh, MSc., CPA, CMA

Sr. Project Controller (Business administrator),   Aramco Overseas Company

Summary

A seasoned finance & accounting professional, U.S.  certified public accountant (CPA) & a certified management accountant (CMA) with a diverse & professional experience of more than 8 years in the accounting & finance fields with business leaders in banking, FMCG and the oil & gas sectors.

Work History

Work History
Sep 2013 - Present

Sr. Project Controller (Business administrator)

Aramco Overseas Company

Currently leading an EPC project business staff which includes; a cost engineer, an accountant, a scheduler, two document controllers, one IT admin and an HR admin. My responsibility, under the general direction of the Project Manager in assigned division or project, is to control and coordinate a variety of business-related activities, such as contract administration, cost control, project scheduling, estimating, and general administrative services such as human resources, budgets and accountability, management presentations, etc.

( July '15 - Present )  Sr. Project Controller at Project Management Department

My responsibilities vary as to size and type of assigned projects but mainly include:

  1. Conducting administrative/business-related matters for assigned division or project, as determined by project requirements.
  2. Directing project control/support activities, such as cost control and scheduling.
  3. Providing support for assigned project(s) by ensuring coordination with other Saudi Aramco organizations such as PMOD, IT, Transportation, Finance, Industrial Relations, Material Supply, etc.
  4. Monitoring and controlling contract administration, ensuring that business aspects of contracts are conducted according to good business practices and that Saudi Aramco requirements are fulfilled.
  5. Ensuring that the division's and Saudi Aramco's reporting and budgeting requirements are maintained, and ensures the smooth flow of documents in and out of the division or project.
  6. Interacting with unit supervisors and division/department training coordinators on employee development matters.

(Jan '15 - June '15) Finance Leader at Accounting Policies & Systems Department:

  • Setting & updating accounting policies & instructions for the company to ensure compliance with the latest international standards (IFRS) across the company.
  • Functional review and support of the due diligence process in major financial activities (e.g. M&A, spin-offs).
  • Saudi Aramco corporate management guide update team member.

(Sep '13 - Dec '14)  JV Manager at Saudi Aramco Joint Venture Support & Financial Consulting Department:

  • Financial analysis of joint ventures (JV) performance and provide support to the board of directors on financial decisions concerning the companies' performance and future plans. 
  • Full accounting & reporting of equity investments in JV's according to IAS28 (Investment in Associates & Joint Ventures) and IFRS 11.
  • SAP JV control and reporting - Inter-company profit analysis and support.
  • Supported the consolidation of Saudi Aramco's financial statements in accordance with IFRS10 and IFRS11. 
  • Finance operational excellence leader:  responsible for supporting the finance department's transition into a world-class finance organization.
Apr 2013 - Sep 2013

Country Financial Controller

Emerson Process Management
  • Managed a team of 3 finance professionals as part of the finance department within Emerson process management in Saudi Arabia.
  • Reported the financial statements for the local business to Emerson's HQ and ensured compliance with company and country's reporting , rules and regulations. 
  • Provided detailed financial analysis, comparing actuals to business expectations by BU and for KSA and reporting any material variances thereof. 
  • Ensured the corporation's ethics policy is followed for all financial transactions in KSA, ensuring all aspects of financial internal control are adhered to (e.g. SOX, FCPA etc.)
  • Filed income tax and WHT monthly returns, accurately and in a timely manner. 
  • Responsibility for all cost centers within the country and applied the allocation calculation within the site facilities. 
  • Site headcount reporting and control. 
  • Ensured completing of annual KPMG audit with nil non compliance comments - by corporate due date.
Oct 2012 - Apr 2013

Financial Analysis Manager

Olayan Financing Company
  • Performance supervision of Olayan industrial group of companies (approx. SR 2 billion in annual turnovers).
  • Financial analysis/ statement analysis & periodic financial forecasting for the group to support the growth of the business.
  • Supported the decision-making process at an executive committee level by providing meaningful analysis and providing the financial perspective on decisions concerning performance, risk and internal control for the industrial group of companies.
  • Balance sheet audit review of the operating companies, ensured that all assets, liabilities & equities are accounted for according to local policies. 
  • Working capital management & safeguarding of company's assets including but not limited to: Cash & bank reconciliation, inventory & receivables reporting, tracking & analysis (e.g. DIO & DSO). 
  • Variance analysis of the group companies main financial KPI's. 
  • Financial modeling & spread sheeting to aid investment decisions in M&As.
Dec 2009 - Jul 2012

Finance Manager

Procter & Gamble
  • Led more than two regional projects in product supply finance, leading a team from all across EMEA (Europe, Middle East & Africa).
  • Cost analysis & forecast of P&G's products standard costs (prices, FX, Bill of materials etc.) and variances (Price variances, Usage variances etc.) to head office. 
  • Forecast of quarterly & annual manufacturing operating plan. 
  • Ensured manufacturing cost targets are controlled by proofing the actual costs & variances and addressing any deviations from plan to management and head office. 
  • Performance measurement of plant production costs. 
  • Carried out sensitivity analysis, NPV, IRR and other investment appraisal techniques to evaluate potential expansions & investments. 
  • Analyzed Inter-company sales; ensuring that inter-company sales mark-up target is achieved. 
  • Explored saving opportunities within product supply by leading loss analysis process at P&G site. 
  • SAP cost master data & pricing set-up leader.


Notable Achievements:


• Forecast accuracy in fiscal year 2009/2010 of more than 98%.

• Delivery of plant savings of $8.7M as part of the annual loss analysis process.
• Saving of $600,000 in material utilization losses area.

Sep 2005 - Mar 2008

Financial Analyst

National Commercial Bank

  • Forecasted annual and rolling monthly operating budgets (retail banking sector).
  • Analysis of actual expenses versus the forecast & address any deviations from plan to division financial controller. 
  • Budget actuals proofing & performance management reporting to management. 
  • capital expenditure budgeting and actual cost proofing. 
  • Accounts payable, accruals and other liabilities leader. 
  • Processed general ledger account entries for the retail banking sector. 
  • Processed payments to suppliers for different departments (marketing, ATM etc.).

Education

Education
Dec 2009

Masters of science (MSc.)

University of Southampton

Accounting & Finance (Full time)

Upper second class honours

Sep 2007

Bachelor of Business Administration (BBA)

CBA, University of Business & Technology

Finance

GPA : 4.73 / 5.0 (Second Honors)

Certifications

Certifications
Nov 2014 - Present

Certified Public Accountant (CPA)

Washington State Board of Accountancy

License No. 33170

www.cpaverify.org

Nov 2012 - Present

Certified Management Accountant (CMA)

Institute of Management Accountants

License No. 37923

www.imanet.org

Jan 2013 - Present

Association of Chartered Certified Accountants

ACCA
9 out of 14 papers complete, expected completion date : December 2016

Skills

PROFESSIONAL SKILLS

  • Professional leadership skills to lead finance & accounting teams to deliver and achieve company targets.
  • Strong practical experience in financial reporting according to local laws, US GAAP & IFRS.
  • Excellent experience in budgeting, costing and preparing financial forecasts with sound financial & analytical judgment to ensure data reliability.
  • Knowledge & experience of regulatory and local tax & U.S. statutory tax reporting requirements (e.g. Zakat/tax returns, withholding tax returns, U.S. tax returns).
  • Strong knowledge & experience in applying internal control principles and standards (e.g. SOX, FCPA & PCAOB standards etc.) statutory reporting requirements for multinational companies.
  • Professional experience in preparing performance measurement and monthly financial data analysis reports with exceptional integration between financial reporting and Microsoft office spread sheeting to produce highly professional financial reports for management.