nfahed

Senior Director
  • Member Since,December 12, 2024
  • Experience 26 - 30 Years
  • Age 48 - 52 Years
  • Current Salary($) More than 60...
  • Expected Salary($) More than 60...
  • Languages Arabic, English
  • Education Levels Bachelor Degree

PROFESSIONAL SUMMARY
I am a Senior Finance Executive, and Investment Strategy, Commercial Management, and Strategic Management with over 28 years of experience in driving financial strategies, cost management, and business transformation across Telecommunications, Defense, Manufacturing, and Professional Services. Holding certifications such as CPA, CIMA, and CFC, I have a proven track record in financial control, profitability management, regulatory compliance, and process automation. I have led large-scale projects, developed financial models, and implemented advanced financial systems that improve operational efficiency and drive profitability. I have successfully managed cross-functional teams, optimized cost structures, and contributed to key corporate initiatives, including the establishment of subsidiaries within the STC Group. I am known for delivering strategic financial insights, streamlining processes, and ensuring compliance with international standards to enhance stakeholder value.
AREAS OF EXPERTISE
➢ Financial Strategy & Leadership
➢ Investment Strategy & Portfolio Management
➢ Commercial & Financial Reporting
➢ Strategic Management
➢ Cost Management & Optimization
➢ Profitability Management & Forecasting
➢ Procurement & Cost Estimation
➢ Budgeting & Financial Planning
➢ Risk Management & Credit Analysis
➢ Corporate Restructuring & M&A
➢ Financial Modeling & Reporting
➢ Stakeholder Engagement & Relationship Building
➢ Business Transformation & Process Automation
➢ Regulatory Compliance & Governance
➢ Cross-functional Team Leadership
➢ Technology Integration & Systems Implementation
➢ Operational Efficiency Improvement

Education

  • B.S.C., Business Administration (Accounting)
    1993 - 1997 King Saud University

  • Certified Public Accountant (CPA)
    2006 - 2007 Illinois CPA Society

  • Certified Financial Consultant (CFC)
    2006 - 2007 Institute of Financial Consultants

    Certified Financial Consultant (CFC)

  • Certified Management Accountant (CIMA)
    2006 - 2007 Canadian School of Finance

    Certified Management Accountant (CIMA)

Work Experience

  • 15-07-1997 - 01-03-2003
    Finance Controller

    Directed the Commercial Business Department, focusing on streamlining operations and enhancingfinancial controls.

    Established Finance Shared Services, increasing efficiency by 50% and reducing costs by 36%.

    Naif Salem AlFahed - page 2

    Prepared and analyzed financial reports, including feasibility studies and detailed forecasts, to supportstrategic decision-making. IFRS accounting international accounting standards. Segment financialreports.

    Improved financial controls, compliance, and reporting accuracy, contributing to a 28% increase in netincome for the Global Services Business Unit.

    Successfully consolidated financial data, reducing month-end close time by 20%.

  • 01-03-2003 - 01-01-2018
    Director, Cost

    Directed the operations of the Strategic Management, and Commercial Management ServicesDepartment, focusing on improving service delivery, cost management, and customer satisfaction.project management building cost methodologies, historical cost methodology, current costmethodology, future cost methodology, standard cost methodology, and benchmark cost methodology.Including building IFRS accounting international accounting standards. Segment financial reports.

    Spearheaded automation initiatives, improving operational efficiency by 13% and reducing operatingcosts by 36%.

    Implemented advanced cost allocation frameworks, supporting over 1,700 basic and 850 finalservices.

    Strengthened financial reporting systems, reducing monthly reporting timelines by 25% whilemaintaining compliance and accuracy.

    Played a pivotal role in corporate cost management and resource allocation, enhancing projectprofitability and operational excellence.

  • 01-01-2018 - 01-09-2019
    Senior Director, Head of Corporate Finance FTTH

    integrationof financial and operational strategies Including building project management IFRS accountinginternational accounting standards. to enhance service delivery and profitability, GL, AP, AR, Reporting,Treasury, Segment financial reports, and finance control.

    Led all financial operations for the FTTH division, including revenue management, billing, collections,profitability analysis, and commercial Management,

    Developed and implemented financial policies, procedures, and systems to align with corporate goalsand enhance decision-making.

    Collaborated with the Networks and Marketing teams to strengthen financial reporting and improveservice efficiency, achieving a 25% reduction in operational costs.

    Directed cost and management accounting initiatives, driving a 15% increase in profitability throughstrategic cost rationalization and process enhancements.

  • 01-09-2019 - 01-10-2023
    Senior Director of Purchasing

    Directed integrated cost management functions within the procurement sector, establishing fair pricingmethodologies and Building cost estimation methodologies. Includes historical cost methodology,current cost methodology, future cost methodology, standard cost methodology according to specificestimation criteria, benchmark cost methodology. advanced financial controls, and commercialManagement, Including building international cost estimation standards.

    Oversaw annual purchasing budgets, aligning with organizational goals and optimizing procurementstrategies across various departments.

    Developed robust Strategic Management, Management Consulting, and cost estimation frameworks,driving efficiency and achieving cost savings in line with government regulations.

    Strengthened supplier evaluations and contract negotiations, ensuring the procurement of high-qualitygoods and services.

    Played a key role in launching comprehensive cost management systems, improving procurementworkflows, and reducing expenses.

  • 01-10-2023 - Present
    Head of Business Development

    Spearheaded the development and execution of business consulting strategies, project management,and strategic management focusing on expanding and enhancing business opportunities across KSA.

    Lead business development efforts by identifying and fostering new client relationships, building long-term partnerships, and creating new market entry strategies.

    Provide expert guidance in management consultancy, Management Consulting concept, andCommercial Management, helping organizations optimize operations, streamline processes, achievesustainable growth, drive operational efficiency improvement, focus on Profitability and Forecasting, andcost estimation align with KSA regulatory, compliance, and governance.

    Drive strategic initiatives for business expansion, leveraging market insights to unlock new businessavenues and facilitate organizational success.

    Collaborate with senior leadership to shape business goals, ensuring alignment with KSA’s Vision 2030economic development plans

Professional Skills

Financial Strategy
100%
Investment Strategy
100%
Commercial
100%
Strategic Management
100%
Cost Management
100%
Profitability Management
100%
Procurement
100%
Management Consulting
100%
Budgeting
100%
Risk Management
100%

Awards

  • 2001
    2011 ABB: Certification of Appreciation from Group Finance CFO

  • 2004
    2004 STC: Certification of Appreciation from STC CFO/ VP Finance

    2004 STC: Certification of Appreciation from STC CFO/VP Finance

  • 2005
    2005 STC: Certification of Appreciation from STC CFO/ VP Finance.

    2005 STC: Certification of Appreciation from STC CFO/ VP Finance.

  • 2007
    2007 STC: Certification of Appreciation from STC CEO.

    2007 STC: Certification of Appreciation from STC CEO.

  • 2023
    2023 MOD: Certification of Appreciation from Deputy Ministry of Defense for Procurement and Armament.

    2023 MOD: Certification of Appreciation from Deputy Ministry of Defense for Procurement and Armament.