Tamer Hussein CPA, ACMA, CGMA, FMVA, MBA

An experienced Big4 CPA CIMA qualified Senior Finance Executive with extensive Board-level level experience and a track record of embedding robust financial governance across organizations to protect cash flow and profitability. Key strengths include assembling and managing finance teams of 20+ people across disparate international locations; leading major capital appraisals and performing commercial feasibility analysis for M&A activity and diversification strategies; embedding financial ownership across management teams to drive superior budgetary performance, and leading major cost rationalization programs to remove costs from businesses and drive profitability. Ready to apply 18+ years of progressive experience to a new position with long-term potential.

• Nordic Holding acquired a financially distressed contracting, real-estate development business. As a Director of Finance, led major and critical transformation of the business. Performed detailed business audit; rapidly re-engineered credit management to reduce debtor days and improve working capital; restructured and deferred debt worth BD6M; analyzed and re-priced services; ensured profitability across all contracts / accounts; restructured and recruited new management team; introduced new processes and systems; and professionalized financial management capability. Succeeded in turning a BD200K p/a loss into BD54K profit within just 12 months.
• Paxxal Inc. USA made a strategic plastic shipping pallet design to expand across USA and MENA region. As Chief Financial Officer, played a key role in setting up the new business unit in KSA and UAE. Performed extensive financial and commercial feasibility analysis; created business case, financial model, and wrote business plans; developed financial management infrastructure including people, processes, and systems; embedded financial rigor across management team; and oversaw compliance with local regulations. Succeeded in setting up two businesses in Morocco and Kuwait with robust financial management that underpinned profit within 24 months across both business units. Led a successful merger and acquisition transaction worth $220M between SABIC and Paxxal Inc.
• In January 2011, Abdulla Fouad Group was a sixty-five-years-old business consists of 24 subsidiaries, with high costs and falling profits. Hired as a Financial Controller to drive profit and deliver major cost rationalization program. Engaged with senior management team; analyzed every line of P&L; reviewed and re-negotiated contracts with clients; worked with procurement to rationalize supplier base; reengineered key business and financial processes; made significant changed to performance, management, and employee remuneration; and enhanced reporting capability. Succeeded in reducing costs by SR2M (12%), which allowed the company to achieve EBITDA growth for the first time in three years.
• Arabian Fal Group’s Finance department required transformation to create a high performing “trusted partner” for the business. As the newly appointed Finance Manager, led financial transformation program. Performed audit to identify SWOTs; exited under-performing staff; recruited new hires; introduced new performance management framework; re-engineered financial processes and controls; improved systems and reporting capability; and built relationships with key stakeholders. Succeeded in developing a high performing and business partner-oriented finance department, improving internal approval rating by 15%.

ACCA - Business and Technology (BT)

• ERP Projects
• Successfully Sponsored SAP FIORI Migration and Implementation project worth SAR11m, 46 locations all over KSA Arabian Fal.
• Successfully Sponsored Microsoft Dynamics ERP Implementation Project worth BHD300k, Bahrain - Nordic Holding.
• Successfully Implemented Sage ERP project worth SAR3.6m, KSA - FMG Group.
• Investment, Financial Modeling & Valuation
• Developed Financial Modeling and Business Valuation for Kizad Manufacturing Plant, UAE - Paxxal Inc.
• Developed Financial Modeling and Business Valuation for Manufacturing Plant, KSA - Paxxal Inc.
• Developed Financial Modeling and Business Valuation for Barge Rental Business, USA - Paxxal Inc.
• Developed Financial Modeling and Business Valuation for Chemical Manufacturing Plant, KSA - Arabian Fal.
• Developed Financial Modeling for Jewellery Business, France - Paxxal Inc.
• Merger and Acquisition modeling for (2) Properties in Bahrain - Nordic Holding.
• Developed Investors Pitch Deck Presentation, CIM, and Business Plan & Financials, KSA - Paxxal Inc.
• Budgeting & Forecasting
• Developed a 5 years Budgeting & Forecasting plan - Arabian Fal.
• Developed a 5 years Budgeting & Forecasting plan - Paxxal Inc.
• Developed a 5 years Budgeting & Forecasting plan - Nordic Holding.
• Financing Strategy
• Led the restructuring process of debt worth SAR750m, KSA - Arabian Fal.
• Secured an additional Debt finance worth SAR250m, KSA - Arabian Fal.
• Led the deferment process of debt worth BHD6m, Bahrain - Nordic Holding.
• Other Projects
• Accounting , Finance and Treasury Policy and Procedures.
• Strategic & Financial Authorities and Responsibilities Matrices.
• IFRS First-Time adoption, Conversion Process, and Implementation.