If you don't mind, I did a quick edit using alpha layers on photoshop just to illustrate how I'd go about it.

Otherwise, as others have said, looks pretty solid. I like the scaly texture, flatness aside. And the head/face part looks awesome as it is, I didn't even touch it in the edit.

Great stuff.

In addition to XCOM: Terror From The Deep, this reminds me games like "Master Of Orion" and "Star Control".

Thanks for the feedback guys. Really appreciate it. Any tips on how to improve depth?

A lot of texture and shading but it still feels 2D-ish as paper.

ye I agree, the lack of depth on the arm and leg bothers me aswell but the head area is just beautiful

great piece

I instantly recognised the XCOM / TTFD style. Well done. My only criticism is that the shading is surprisingly flat and doesn't illustrate volume very well, given the considerable amount of contrast between the bright and dark sides of the creature. It's also a bit hard to read the elbow, so its arm looks a bit like a solid trunk.