Walid Shaaban, CICP

Experience

• 

  DATHIN Contracting | داثن للمقاولات

  Jan 2006 - Feb 2007

  Accountant

  • Preparing the Sales Invoices.• Preparing the Monthly Reports.• Bank Reconciliation• Analysis projects Expenses• Creation of general ledgers, account receivables & accounts payables.• Day to day accounting work includes entries of purchase, sales & daily expenses and adjustment entries etc.• Recording the receipts and payments transactions.• Reconciling the bank statements.• Maintaining the Petty Cash Books.• Prepare the statement of account of every customer at the end of the month.• Maintaining the Customer Records.•sharing in prepare Trail balance & financial statement. Show less

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  THE NATIONAL MEDICAL PRODUCTS COMPANY LTD

  Mar 2007 - Mar 2014

  Receivables & Credit Supervisor

  Follow up internal and external contracts for Saudi Arabia and other Gulf countries. • Issuance and cancellation of letters of guarantee contracts and audit• Full control of the collection management of the company and work to maximize revenue collection on a regular basis• The full supervision of the accounting branch of Dammam and Jeddah Branch and guidance• Participate in the development of policies for dealing with customers and collection of receivables to reduce the execution of debt• Prepare reports debt reconstruction• Preparation of Monthly Reports (Sales report-Aging report-Refunds & Commissions report)• Reconciliation of statements (Bank, Customers)• Preparation of Financial statement analysis.• Preparation of Sales & Customers Variance Reports.• Preparation of Financial statement analysis. Show less

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  Al Rajhi Holding Group

  Mar 2014 - Apr 2015

  Senior Credit Controller

  Duties/Responsibilities:• Evaluate financial risk, prepare financial forecasts, financing scenarios and other documents concerning capital management, and write reports and recommendations• Analysis YRG comprehensive cash flow plan monthly, Plan short- and long-term cash flows and assess financial performance• Analyze investment projects (Financial and credit wise)to Advise on and participate in the financial aspects of contracts and calls for tender• Safeguard Maintain Follow up and control L/C revolving plan• Credit Facilities contracts Renewal by Develop, implement and use tools for managing and analyzing financial portfolio• Controlling the cash revolving from L/C & Follow up, Tracking & Collection the cash from sister companies ( Controlling The Receivables)• Monitoring & Update the group cash flow plan by Preparing a regular risk profile for debt portfolios • Taking responsibility for deploying functional solutions, such as creating, adopting and implementing system test plans, which ensure acceptable quality and integrity of the system• acting as a central reference and information source, providing guidance and assistance in the system project decision making process• Works with a minimum of direction on collections for an important ledger, possibly key accounts• Anticipates developments, and identifies accounts that will require special attention• Handles disputed accounts and negotiates to bring payment into line with terms• Identifying and evaluating inefficiencies and recommending optimal business practices, and system functionality and behavior. • Examine and analyze financial and investment information collected, including profiles of companies, stock and bond prices, yields and future trends and other investment informationUndertakes complex reconciliations, and compiles documentation for legal action• Maintains accurate individual measurement and performance statistics Show less

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  Fawaz Refrigeration & Air- Conditioning Co LLC

  Apr 2015 - May 2017

  Credit Control Manager

  • Created systems that quarterly updated, monitored, and managed clients turned over for collections both current and previous years.• Designed credit check procedures at the source of new applicants to eliminate customers who do not meet minimum criteria prior to full credit check.• Redesigned and improved business application which included personal guarantee, security agreement, bank information, authorization form, insurance information, ACH withdrawal form, and personal financial when appropriate.• Developed "hold" procedures so delinquent customers could not be serviced without management approval.• Championed efforts to maintain DSO levels below business plan by improving DSO in order to improve cash flow• Oversaw the credit review process for customer credit risk evaluation and credit under writing/ recommendation.• Coordinated meetings with the Regional Manager for aging review and reserve analysis on a regular basis.• Prepared financial analysis vertical/horizontal with special emphasis on Y/Y comparative approach on results for Liquidity, Leverage, and Profitability ratios.• Led efforts to negotiate instruments of guarantees as back up for credit lines, which included UCC financing statements on the business fixed assets and inventory.• Provided training to all collection representatives and consulted struggling teams to help them boost and meet their monthly target goals.• Negotiated settlements and payment terms with all customers.• Initiated and Implemented new policies and procedures.• Reviewed credit applications of current and prospective customers, approving accounts and assigning limits, recommending higher limits to upper management for approval.• Resolved domestic and international credit issues, including Bahrain, Qatar and three sister companies related in Saudi Arabia• Designed and implemented new credit evaluation policies for dealer network among Saudi Arabia, Bahrain, and Qatar to encourage growth. Show less

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  Hillrom

  Mar 2018 - Mar 2022

  Lead Global Credit AR, Middle East , Turkey ,Africa , France, and India subcontinent

  • Maintain portfolio of 2500 accounts with current present of 82% • Provided leadership and direction to credit collection activities for a portfolio valued at over $26M. • Coordinated meetings with the Regional Manager for aging review and reserve analysis on a regular basis. • Negotiated settlements and payment terms with all customers. • Resolved international credit issues, including Middle East , Turkey ,Africa , France, western Europe and India subcontinent • Consolidated separate credit and collections functions into one streamlined, and achieving 80% collection effectiveness for all debts • Performed credit appraisals, document verification, and credit approvals, using credit analysis and international credit organization to evaluate current and new customer • Communicate with banks to resolve LC issues and initiation through bank portals and other paths • Supporting late customers by set new credit line with new payment plan (win-win) in order to improve the sales with lower collection risk • Complete understand countries risk map and keep updated credit lines provided on annual basis in order to maintain higher current percent • Work with all payment methods in credit application Check, Credit card, wire transfer, LC and CIA to provide best option for each customer to speedup payment process • Maintain perfect relationship with both AP customers and their managers in order to avoid missing contacts problem with full customer index and communication • Prepare Collection effectiveness report and days late report in order to help treasury staff to keep cash budget updated • Work with all private and Governmental in all international market in perfect professional relationship • Support Customer service team in Ireland and France by updated credit approvals in daily basis • Responsible about all international portfolio order management on daily basis Show less

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  Outset Medical, Inc.

  Mar 2022 - now

  Assists with contract/deal reviews for significant transactions and identifies all non-standard terms.Works cross-functionally with Sales Ops, Legal, and Operations Management to identify potential revenue recognition issues pre and post-contract execution, proposing recommendations to help Sales close deals.Prepares accounting memos and calculations for key sales contracts in compliance with U.S. GAAP and the Company’s revenue recognition policy.Owns the month-end and quarterly-end close process for Revenue, Deferred Revenue/COGS, and Lease Accounting by performing key analyses and ensuring compliance with disclosure requirements. Prepares revenue analysis, deferred revenue forecasts, and comprehensive reporting for executive leadership.Leads quarterly audits and interacts with external auditors, ensuring SOX compliance and alignment with company policies.Develops and monitors revenue recognition processes, adhering to ASC 606 standards.Partners with Finance and Accounting teams to implement internal controls related to revenue, ensuring accuracy and mitigating risks. Oversees pricing strategies and evaluates their impact on revenue forecasts, offering insights to optimize pricing models. Leads short- and long-term revenue forecasting, leveraging historical data and market trends to guide leadership decisions.Manages special projects, including SSP analysis, process improvements, and IT system implementations to enhance reporting and operational efficiency.Establishes and manages credit reviews using Dun & Bradstreet reports to assess customer creditworthiness and minimize risk. Develops dashboards and KPIs to track revenue performance, offering actionable insights and aligning strategies with organizational goals.Provides guidance and leadership to junior analysts, ensuring accurate execution of revenue-related tasks.Oversees system implementations and upgrades, ensuring seamless integration of revenue recognition modules in ERP systems. Show less Collaborate on QAD Project Launch and SOX Control Implementation: Played an integral role in the launch and go-live phases of the QAD revenue tool project, working closely with Revenue Directors and Senior Managers. This included the setup and maintenance of Sarbanes-Oxley (SOX) controls to ensure compliance with all regulatory requirements related to the new revenue recognition processes.Revenue Stream Analysis and Forecasting: Conducted comprehensive analyses of revenue streams to calculate key performance indicators such as Annual Recurring Revenue (ARR) and Average Selling Price (ASP) across all SKUs. Leveraged historical revenue data to develop accurate forecasts for future SKU performance, identifying trends and potential growth areas to optimize revenue strategies.Trend Analysis and Performance Evaluation: Performed in-depth annual assessments of ARR and ASP trends, pinpointing growth opportunities and evaluating SKU performance. Utilized these insights to inform strategic decision-making and align business objectives with market dynamics.Credit and Risk Management: Managed the credit approval process, including evaluating credit applications, setting credit limits and terms, investigating credit agreements and guarantees, and monitoring risks. Project Participation and Process Enhancement: Actively participated in various projects, including Standalone Selling Price (SSP) analysis, Fair Value (FV) assessments, and overall process improvement initiatives. Collaborated with cross-functional teams to enhance revenue recognition processes and ensure compliance with the latest accounting standards.Reporting and Stakeholder Communication: Generated detailed reports and visualizations summarizing revenue performance, which were presented to various stakeholders, including senior management, finance teams, and executives. These reports included revenue forecasts, waterfall analysis, and metrics that highlighted revenue drivers, changes, and adjustments. Show less

  • Lead Revenue Analyst

    Sept 2024 - now

  • Senior Revenue Analyst

    Mar 2022 - Oct 2024