Akram Siddiqui

Negotiated long-term contracts with suppliers, locking in prices for raw materials of cement over a
set period. This can help avoid price volatility and provide stability in material costs, potentially
reducing raw material expenses by 3-6% annually.
Implemented an efficient inventory management system, reducing raw material holding costs by
5-8% annually while improving cash flow.
Reduced operational expenses by 15-20% through outsourcing production and leasing equipment,
rather than purchasing outright, significantly boosting profitability.
Analyzed market trends and competitor pricing to propose an optimized pricing strategy, resulting
in a 20% increase in overall revenue.
Improved workforce efficiency by streamlining processes and introducing performance-driven
metrics, reducing labor costs by 40% and saving up to SAR 150, 000 monthly.
Streamlined cash flow management by better aligning receivables and payables, leading to a 15%
improvement in working capital and supporting smooth operations.
By tracking financial data and analyzing historical expense reports, implemented an optimized
budget and approved targeted funding, reducing other direct costs by 6%.
Streamlined financial management practices, optimizing resource allocation and resulting in 5%
savings on administrative costs.
Implemented an automated financial reporting system that reduced month-end close preparation
time by 30%, enabling more timely financial decision-making and improving operational efficiency.
Analyzed and optimized depreciation schedules for fixed assets, resulting in better tax deferrals
and a 6% reduction in annual tax expenses.
Supported the due diligence process for acquisitions by providing in-depth financial analysis of
target companies, and identifying synergies and potential risks, which contributed to a successful
acquisition and a 15% increase in market share post-merger.

Led the accounts and finance operations, ensuring compliance with International Financial
Reporting Standards (IFRS) and statutory requirements.
Maintained and balanced subsidiary accounts, verifying, allocating, posting, and reconciling
transactions, and resolving discrepancies.
Summarizing financial status by collecting information, and preparing balance sheets, profit &
loss, and other statements.
Oversaw taxation matters, including Input VAT, Output VAT, Income Tax, and Custom Duties.
Protecting the organization's value by keeping information confidential and secure, safeguarding
financial information & data by complete database backups.
Monitored and interpreted cash flows, predicting future trends to support strategic decisionmaking.
Evaluated fund flows to ensure optimum utilization towards corporate goals.
Conducted cost reduction analyses and identified areas for improvement.
Conducted detailed financial analyses to support strategic business decisions, contributing to a
12% increase in company revenue.
Developed external relationships with auditors, solicitors, suppliers, bankers, and other key
contacts.
Coordinated with cross-functional teams to streamline budget planning processes, resulting in a
10% reduction in operational expenses.
Tracked, monitored, and controlled expenses based on budgetary guidelines.

Led a centralized, web-based accounts department, managing a team of 3 employees at the
Head Office and 5 members on the Project Team.
Guided the Project Team to ensure the effective and efficient execution of ongoing projects.
Led a team of accounts and operations professionals, completing a comprehensive financial
audit and delivering projects on time.
Reduced identified errors and discrepancies by 15% through effective team management and
process improvements.
Prepared and verified aging reports for debtors and creditors.
Reconciled bank statements for all company receipts and payments.
Complied monthly financial statements including balance sheet, income statement, and cash
flow statement.
Verified the authenticity and ensured the timely submission of data for system uploads.
Created and managed accounting schedules for Medical Insurance, Vehicle Insurance, Air
Tickets, GOSI, Depreciation, Employee Benefits, and Prepaid Rent.
Implemented new financial reporting processes, reducing month-end closing time by 20% and
significantly improving efficiency.
Consistently delivered accurate work and reports, achieving 100% accuracy.
Prepared inventory reports to track and manage material resources accurately.
Generated monthly MIS reports for all Sister Concern Companies.
Oversaw and approved all budgeted project expenditures, ensuring financial due diligence.
Managed projects valued at over 100 million Riyals, providing detailed financial insights and
forecasts to executive leadership.
Optimized the payroll system, reducing processing time by 30% and boosting employee
satisfaction.
Prepared Saudization and occupancy report for submission to Saudi Aramco.
Mentored and developed junior accounting staff, promoting continuous improvement and
professional growth.
Coordinated with vendors and contractors to address grievances and ensure smooth financial
operations.
Managed the transition to new accounting software, training staff and ensuring seamless
integration without any disruptions to financial reporting.
Handled applications for Bank Guarantees, Bid Bonds, Advance Payment Guarantees (APG),
Letters of Credit (L/C), and Performance Bonds from various banks.
Prepared and managed documentation for collecting payments via Letters of Credit.

Record and classify financial transactions such as sales, purchases, payments, and receipts.
Prepare Balance Sheets, Profit & Loss Statements, and Cash Flow Statements on a regular
basis.
Compiled and submitted monthly reports to the Ministry of Foreign Affairs (MOFA), ensuring all
regulatory requirements were met.
Reconcile accounts payable and receivable statements to ensure accuracy.
Prepare and file tax returns (VAT, income tax, etc.) in compliance with local laws and
regulations.
Reconcile bank statements to the general ledger on a regular basis.
Generate monthly, quarterly, and annual financial reports for management review.