شادي شحادة

. Collaborated with the CEO to craft comprehensive board meeting presentations, including pre-read documents and supplementary materials.

. Reformulated the company’s business model resulting in decrease in overall costs by 27% and thus leading the company profitable at year 4 of operation instead of the initially budgeted year 6.

. Collaborated with various financial institutions to establish short-term financing options and efficient payment channels tailored to the company's needs and financing options to customers.

. Established onshore and offshore finance departments in accordance with the financial model timeline and cost caps.

. Ensured compliance with KSA’s tax regulations, encompassing VAT, zakat/income tax, and withholding tax, while concurrently integrating an ERP system (MSD 365) and electronic invoicing.

. Formulated service offerings, pricing structures, Service Level Agreements, and supplier agreements following meticulous technical and legal scrutiny.

. Developed and ensured regulatory compliance across authority matrices, banking mandates, and finance/accounting processes.

. Facilitated a successful first-year audit with a leading Big 4 firm, ensuring regulatory and financial compliance.

. Crafted the financial model for the hospital, incorporating diverse scenario analyses, and presented it to the Ministry of Finance in KSA and various financial institutions. Facilitated the procurement of financing for capital expenditures and working capital needs through the issuance of long-term loans and bonds.

.Partnered with the Revenue Cycle Manager to develop pricing lists for services and packages. Negotiated these prices with insurance companies to ensure mutually beneficial agreements.

. Implemented the hospital's ERP system, MSD 365, and seamlessly integrated all touchpoints with the Hospital Information System. This integration ensured streamlined reporting and efficient data capture processes, enhancing overall effectiveness and operational efficiency.

. Developed comprehensive policies and procedures for the finance, accounting, and revenue cycle departments, ensuring adherence to the highest standards and compliance with CBAHI.

. Conducted a thorough valuation analysis of the hospital, resulting in the proposal to sell an 11% ownership stake in exchange for SAR 150 million. Despite the detailed analysis and proposal, the company's owner ultimately chose not to proceed with the transaction.

.Reviewed historical data of VAT returns for the hospital and identified inaccuracies, leading to the recapture of incorrectly submitted VAT totaling SAR 1.7 million.

. Successfully implemented IFRS focusing on IFRS 9, 15 and 16 across the group’s entities.

. Teamed up with the MIS department to develop a fully automated module within JD Edwards, streamlining the rebate calculation process for over 1000 customers. This module autonomously handles accrual bookings and payment entries, eliminating the need for manual intervention and significantly reducing redundancy in workforce efforts.

. Reduced the turnaround time for producing consolidated financial statements from 10 days to 5 days, including conducting integrity checks on JDE reports, as well as comprehensive analysis on key metrics such as yield, energy consumption, maintenance, and labor costs.

. Collaborated with the production team to review and optimize the Bill of Materials (BOM) for all chips products, leading to adjustments in consumption patterns and cost reductions.

. Developed a dynamic cost model to aid management in comprehending the actual costs of each SKU amidst the hyperinflationary period of the Lebanese lira. This model proved instrumental in providing real-time insights into daily product costs, empowering management to swiftly make pricing decisions across all SKUs.

. Successfully executed the implementation of VAT in accordance with regulations in KSA, ensuring compliance even within governmental contracts. The initiative underwent rigorous scrutiny during a GAZT audit and passed without any adverse comments or findings.

. Customized comprehensive financial policies and procedures to encompass all aspects of operations across the entire organization. Formulated meticulous procedures for the financial statement closing process, including the development of reporting schedules and the completion of monthly project analyses.

. Prepared and managed operations within budgetary constraints, including implementing zero-based budgeting approaches to optimize resource allocation and expenditure. Led initiatives to ensure efficient utilization of financial resources while maintaining alignment with organizational goals and objectives.

. Established and nurtured enduring partnerships with prominent financial institutions, resulting in successful procurement of essential working capital and long-term financing from two of the leading banks in KSA. This strategic collaboration ensured continued support for the organization's financial needs and facilitated sustainable growth and stability.

Managing audit and assurance related services portfolio of 45+
companies with international subsidiaries in multiple industries.
* Supervision and coaching of up to 20+ audit staff members
across various audit teams.
* Planning and reviewing audit work, consulting with
management on accounting issues and assisting in the
preparation of financial statements.
* Developing constructive and cooperative working relationships
with the partners and clients.

Develop an understanding of business and industry operations
and best standards through observations, interview and
inquiries.
* Communicated internal control deficiencies and audit findings
to top management and provided related solutions through
written reports and oral presentations.
* Led teams of three to seven members in numerous audit
assignments.
* Prepared client financial statements and performed financial
statements analysis.

Field senior and team Leadership.
* Planning and assessing the job risk.
* Issuing consolidated and standalone financial statements, cash
flows, audit reports and management letters.