Seasoned finance professional with over two decades of specialized experience in cost control and revenue optimization within the construction sector. Demonstrates a proven track record of excellence in strategic budgeting, comprehensive financial planning, and profitability maximization. Multilingual and highly proficient in utilizing ERP systems and advanced financial software to streamline operations and enhance decision-making.
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Section Head - Cost And RevenueAic Steel Oct 1995 - Jun 2021Jeddah, Makkah, Saudi ArabiaDesigned and implemented comprehensive cost control frameworks, ensuring budget compliance and optimizing resource allocation to enhance operational efficiency.Collaborated with cross-functional teams to develop accurate cost forecasts, refine financial estimates, and perform in-depth variance analyses to address financial target deviations.Spearheaded revenue recognition processes using accounting principles such as the percentage-of-completion method, ensuring precise, contract-aligned invoicing.Directed oversight of contract variations, claims, and change orders to mitigate revenue impacts and enhance profitability.Contributed to project budgeting and long-term financial planning, guiding strategic resource allocation based on emerging financial trends.Partnered with procurement teams to monitor costs, streamline vendor payments, and align expenditures with project milestones.Developed and enforced risk mitigation strategies, identifying and addressing key financial risks, maintaining compliance with budgetary constraints.Compiled detailed financial reports, including cost breakdowns, revenue forecasts, and profitability assessments, and created dashboards for monitoring financial performance.Optimized reporting processes, saving 12 man-hours weekly by designing a system for real-time financial data extraction, cutting the reporting cycle time by 50%.Led a cross-functional team of nine professionals, increasing team efficiency by 30% and reducing invoice processing time by 40%.Facilitated internal and external audits, ensuring the accuracy and transparency of financial documentation.Enhanced project profitability by 6% through targeted cost-saving measures and process improvements.Leveraged ERP systems (Orion, IFS) to optimize financial workflows, improving overall process efficiency and data accuracy.
Adnan Farooqi Education Details
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Second Division -
Paf Masroor
Frequently Asked Questions about Adnan Farooqi
What is Adnan Farooqi's role at the current company?
Adnan Farooqi's current role is Finance Leader in Construction: Expert in Cost Control & Revenue.
What schools did Adnan Farooqi attend?
Adnan Farooqi attended Karachi University, Paf Masroor.
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Adnan Farooqi
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Adnan Farooqi
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Adnan Farooqi
Talent Management | Hr Analytics | Performance Management | Compensation & Benefits | Business PartneringPakistan2yahoo.com, zil.com.pk -
Adnan Farooqi
| Ceo @ One Point Dock | Digital And Social Media Strategist, Digital Solution Instructor, Seo Specialist ⚡ In-Short One-Click Solution For All Your Digital Needs.Lahore
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