Mohammed Taquiddin Nasar
Dammam.A,Saudi Arabia
Summary
Finance & Procurement professional with 14+ years of experience across procurement, commercial finance, auditing, logistics, and supply chain operations. Proven expertise in budget planning, cost control, CAPEX evaluation, vendor financial analysis, contract compliance, audit, and SAP-based financial reporting. Strong background in managing procurement spend, optimizing working capital through inventory control, and supporting management decision-making through financial and operational analysis. MBA (Finance) with CSCP, CSCM, CPP & CPPM certifications.
Overview
17
17
years of professional experience
6
6
years of post-secondary education
1
1
Certification
Work history
Finance & Procurement Controller
Techno Fiber
Dammam, Saudi Arabia
12.2024 - Current
- Oversee end-to-end financial operations and procurement controls, including bookkeeping and local statutory accounts.
- Supervise bank, intercompany, and inventory reconciliations; post adjusting entries at month-end.
- Prepare and submit monthly financial statements, management reports, and business performance commentary.
- Manage cash flow planning, treasury reporting, liquidity, and credit facilities.
- Monitor inventory, WIP, and job cost build-up, highlighting cost overruns against budgets.
- Lead budgeting, forecasting, strategic planning, and variance analysis.
- Control supplier payments, credit approvals, receivables, and debt collection in line with company policy.
- Maintain standard costing records, fixed asset verification, and inventory custody.
- Ensure documentation and maintenance of financial controls, SOA, and compliance records.
Senior Finance & Procurement Auditor
Sendan International Company LTD
Jubail, Saudi Arabia
02.2024 - 11.2024
- Reviewed procurement financial controls, contract values, payment terms, and compliance with approved budgets.
- Evaluated procurement spend, cost leakages, and financial risks across projects.
- Assisted in budget scoping, audit costing, and financial impact assessment.
- Verified invoice accuracy, pricing, and contractual financial obligations.
- Supported management by preparing audit findings with financial impact analysis.
- Conduct customer and vendor audits in compliance with company audit procedures and controls.
- Perform project-based procurement audits, verifying material compliance, cost accuracy, and contractual adherence.
Procurement Superintendent
Green Global Group Companies for Environmental Services
Dammam, Saudi Arabia
03.2023 - 02.2024
- Controlled procurement budgets and ensured purchases aligned with approved financial plans.
- Negotiated contracts resulting in cost savings and improved cash flow.
- Analyzed material consumption vs budget to reduce excess spend.
- Coordinated with finance team on invoice discrepancies, payment issues, and cost reconciliation.
- Monitored vendor contracts for commercial and financial compliance.
- Managed supplier follow-ups to ensure on-time delivery and negotiated optimal commercial terms with suppliers and subcontractors.
- Analyzed material consumption trends and planned procurement of critical items to avoid production disruption.
- Supervised and ensured effective implementation of the end-to-end procurement process for general purchasing.
Procurement & Inventory Finance Controller
Saudi Arabian Amiantit Group
Dammam, Saudi Arabia
02.2009 - 08.2020
- Managed procurement spend, cost control, and inventory valuation across procurement, logistics, and warehouse operations.
- Prepared purchase value analysis, CAPEX justifications, and cost reports to support management decision-making.
- Controlled procurement transactions and material movements in SAP MM and FICO, ensuring financial and data accuracy.
- Performed ABC analysis, inventory optimization, and obsolete stock identification to reduce working capital impact.
- Monitored supplier performance, claims, shortages, and cost deviations impacting production and budgets.
- Prepared and controlled departmental budgets, tracked variances, and supported forecast planning.
- Generated financial, procurement, and inventory MIS reports for senior management.
- Ensured compliance with export regulations, documentation accuracy, and audit requirements.
- Coordinated with production, finance, and external auditors to support financial controls and audit readiness.
- Led warehouse cost optimization initiatives, improving operational efficiency and cost utilization.
Education
Masters of Business Administration - Finance
Osmania University
India 03.2006 - 06.2008
Bachelor of Commerce - Accounts
Osmania University
India 03.2003 - 06.2006
Skills
Finance & Commercial Procurement & Supply Chain Audit, Controls & Compliance Systems & Tools
- Budgeting, Forecasting & Variance Analysis
- Cost Control & Cost Optimization
- Cash Flow & Working Capital Management
- CAPEX & OPEX Analysis
- Financial Reporting & Management Commentary
- Inventory Valuation & Standard Costing
- Credit Control, Receivables & Debt Collection
- Treasury, Liquidity & Banking Coordination
- Strategic & Operational Procurement
- Vendor Selection, Evaluation & Negotiation
- Contract & Commercial Compliance
- Project-Based Procurement Audits
- Supplier Performance & Cost Analysis
- Inventory & WIP Management
- Internal, Vendor & Customer Audits
- Policy, SOP & Process Documentation
- Risk Identification & Mitigation
- SAP MM & FICO (Finance-Integrated Processes)
- ERP & Procurement Systems
- MS Excel (Advanced), MS Office
- Accounting Software (Tally, Focus, Wings)
HOBBIES
Cricket, Volleyball, Reading
MAJOR PROJECTS
Building Works (PIB & Substation) DPCU Project at Abqaiq (ARAMCO ), Upgrade Fire Protection & Industrial Drainage System At North Riyadh Terminal Unit & Bulk Plant., Berri Gas Plant – Jubail ( ARAMCO ), Abu Ali Gas Plant –Abu Ali island-Jubail ( ARAMCO - Snapmprogetti (Saipem ), Hassyan Clean Coal Power Plant, Dubai, March 2016 - January 2020, KNPC - Al Zour Refinery Project, Kuwait, 2017 -2020, Christchurch Project, New Zealand, 2017 - 2018, Asmara Waste Water Management, Eritrea, 2018, Jeddah Storm Drainage Project, Jeddah, Saudi Arabia, 2012 - 2018, Shuqaiq Storm Drainage Project, Shuqaiq, Saudi Arabia, 2014 - 2017, Basrah Water Supply Improvement Project, Al Basrah, Iraq, 2017 - 2018 Data verification updated (D.V.U): A pro-methodology to confirm verification of SAP master data in the warehouses to match with the source (physical locations). Cross checked and verified registered data based on the Material Code – MC, Material Description – MD, Unit Of Measurement – UOM, Material Volume – MVQ, Material Value – MVA, and Storage Locations – SL followed by uploading pictures and drawings of materials in SAP, Managed material delivery schedules for clients like Harbin Electric International, Doosan Heavy Ind. and Const. Co. Ltd, Hyundai Engineering Co. Ltd. (HEC), Fluor BV- Fdh JV, Christchurch Project -New Zealand, Asmara Waste Water Management amongst others
Certification
- Certified Supply Chain Professional (CSCP), American Institute of Purchasing & Logistics Management (AIPLM).
- Certified Supply Chain Manager (CSCM), American Institute of Purchasing & Logistics Management (AIPLM).
- Certified Purchase Professional (CPP), American Institute of Professional Studies (AIPS)
- Certified Purchasing and Procurement Manager (CPPM), American Institute of Professional Studies (AIPS)
- Certified ISO Internal Auditor for ISO 9001: 2008.
PERSONAL INFO
English
Fluent
Arabic
Elementary
Urdu
Native
Hindi
Fluent
Timeline
Finance & Procurement Controller
Techno Fiber
12.2024 - Current
Senior Finance & Procurement Auditor
Sendan International Company LTD
02.2024 - 11.2024
Procurement Superintendent
Green Global Group Companies for Environmental Services
03.2023 - 02.2024
Procurement & Inventory Finance Controller
Saudi Arabian Amiantit Group
02.2009 - 08.2020
Masters of Business Administration - Finance
Osmania University
03.2006 - 06.2008
Bachelor of Commerce - Accounts
Osmania University
03.2003 - 06.2006