Sami Al Shami

• Monitored and maintained the company's daily cash position, as well as forecasted and ensured the liquidity of the company's ability to meet its financial obligations.

• Led a project of Microsoft Dynamics AX 2012 implementation, in a record time.
• Cleaned up AR system and brought within 90% of agreement, enabling company to borrow against that amount.
• Ensures all monthly project invoices are prepared and provided to the AR department on a timely basis.
• Compiled and analyzed financial information to prepare monthly reports and annual financial statements in compliance with accepted policies and procedures.
• Developed and implemented new procedures, financial data bases, analysis of revenues/expenses and other features to enhance the work-flow of the A/C department.

Lead and manage team of 20+ professionals, including selection/hiring, objective setting, performance management, coaching/development and training. Produce weekly cash flow reports of all activity including expenses and receivables. Managed and supervised the Treasury Department, which generated over $585 M in annual cash flow. Managed bank Relationships.

Key Results:
• Reduced past due receivables of $3.1 million over 91+ days to $250 thousand in a (6) six month period. AR % at 4.09% or lower, and reduced the DSO from 46 days to 32 days
• Prepared month-end reconciliation, accounts receivable graph, and turnover reports and worked with auditors at year-end.
• Monitored and analyzed Aging Report weekly, and made calls and wrote e-mails to collect past due invoices
• Provided the recommendation at month-end regarding the bad debt provision, only 0, 05% of the total sales.
• Managed day-to-day accounts receivable operations, including staff supervision, bank deposits, customer payments, and customer account issues.
• Resolved complaints with key account holders.
• Processed monthly of all accounts payable volume ($40M to $45M) - $10M weekly
• Renegotiated payment terms with dozens of suppliers / vendors from net 21-30 to 60 days, which improved cash flows of the company’s.
• Developed and maintained processing of metrics related to the A/P process.
• 98% of the Payments are made online, Preparation for B2B Project, and moving for automation of process;
• Managed for all cash management functions, including forecasting, foreign and domestic wire transfers, bank and general ledger account reconciliations and CCC Report, (Cash conversion cycle), 11 to 3 days.
• Managed local banking relationships of the SABB bank group who provided $50M in credit support.
• Drove savings of $ 246, 135 thousand in 2013 by developing comprehensive treasury policies and rating bank approvals, dealing On Spot $ rates.
• 18$ M freight transportation and logistics services company with operations in more than 500 locations across KSA, prepared financial reporting, reviewed capital expenditure proposals, and negotiated contracts.
• Provided training and orientation to new accounting employees.
• Established and reviewed KPI's for the department.
• Managed Travel/Expense process for entire organization and lead process to implement a new T&E software program, and reconciled Prepaid Travel account.
• Actively participated in SAP implementation team as a Power user and independently handled Migration from GP system to SAP system
• Ensured that SOX controls where implemented/followed.
• Implemented new Accounts Receivable processes and shared service center (SSC), surpassed savings targets by 15% while maintaining high customer satisfaction & service levels.
• Supervised activities of the finance team and credit control staff.

• Has worked efficiently with sales team, able to build client relationship by acting as the interface between the customer service teams and sales teams within a company. Addressed customer questions and concerns regarding tickets, prices and availability. Negotiating contracts and agreements with clients.

• Provided monthly income statements, cash forecasts and other assigned financial analyses to management, board of directors.

Key Results:
• Established relationships with clients and provide high standard of customer service continually.
• Organized and arranged specified records and files in order to keep track of financial transactions.
• Managed accounts receivable worth $12.5M in annual sales.
• Managed all account receivables and prepared profitability of goals.
• Forecasting and tracking key account metrics with resolving complaints with them.
• Handled all client meetings and functions.
• Managed the department budget, hiring, training and development.
• Monitoring and managing the performance of a team of account executives.
• Produce weekly cash flow reports of all activity including expenses and receivables.
• Ensured the timely and successful delivery of our solutions according to customer needs and objectives.
• Ensured that clients are maintaining their monthly payments.
• Assisted auditors during reviews and provided any documentation needed for selections.

• Established a successful implementation of a cycle count procedure (99.8% accuracy) eliminating the need for an annual physical inventory. Prepared financial statements and tracked revenue/budget/funding levels on assigned projects.

Key Results:
• Managed and controlled up to $1M inventory of raw materials, purchased items, work in process and finished goods at standard cost. Identified slow moving items as needed.
• Prepared monthly closing statements, cost of goods sold, P&L, G/L entries, budgets and forecasts.
• Reviewed and establish inventory standard costs of Finished Goods and Raw Materials
• Reconciled finished goods inventory daily, investigated, and resolved all discrepancies.
• Provided management with weekly production variance reports comparing target cost to actual cost as well as gross and net damage/wastage calculations.
• Participated in the revision and analysis of standard costs.
• Developed & maintained strong vendor relationships, contracts & negotiated payment terms.
• Negotiated with vendors to get early pay discount or payment term increase.

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• Worked as Manager-Accounts and Finance in Mirador Restaurant from May-2001 to April 2005.

• Worked as Manager-Affiliate Accounts in (IATCO) Procter and Gamble from Feb-1998 to March-2001.

• Worked as Manager-Accounts and Finance in Mirage Travel from July-1992 to Jan 1998.