Samir Saad

Responsible for 77 funds - reporting to the Director of Investor Reporting, with three direct reports
♦ Determine/recommend quarterly distributions/capital calls and maintain carried interest/promote waterfall calculations.
♦ Responsible for preparation of investors’ Net Asset Value (NAV) schedules and property appraisals done by 3rd parties.
♦ Collaborate with the acquisition/property accounting teams on valuation of new properties/refinance of existing ones.
♦ Lead the entire investor tax compliance and reporting cycle, including quarterly determination of U.S. tax withholding requirements, annual fund tax filings in federal and state jurisdictions and ultimate annual reporting to investors.

Key Achievements:
♦ Realized 10% staff cost reduction by utilizing Power BI to reconcile all investor transactions between Oracle and Investran.
♦ Designed/updated the financial models for planning the quarterly fund distributions and annual capital calls.
♦ Optimized the process for creating year-end files for investment funds by creating a macro to pull data from static reports.

Reporting dually to ECT Managing Director and Global Finance Director of Dymax (the parent), with three direct reports
♦ Design and update the sales quote template, calculate burden rate with OH allocation, manage customer credit limits.
♦ Monitor COGS and ending inventory to ensure accurate cost flow, spot and correct discrepancies, and analyze margins.
♦ Analyze monthly Budget Vs Actual variances (driver-based) with dashboards and KPIs, update the quarterly forecast.
♦ Develop the annual master budget (driver-based), create financial models for business case analysis/capital budgeting.
♦ Full-Cycle accounting: AR, AP, month-end accruals/reconciliations, government filings, treasury and cashflow forecasting.

Key Achievements:
♦ Saved 30% on direct labor over-time cost by organizing work-shifts and revamping the production scheduling template.
♦ Reduced month-end closing time from 5 to 3 business days by allocating workload and improving process efficiency.
♦ Lead Implementation of Oracle JDE EnterpriseOne (GL, HR, Fixed Assets, Manufacturing with BOMs and Routings).

Reporting to Canada’s Sales Reporting Director of Insurance, with one direct report
♦ Utilize Power BI tools (power query and power pivots) to process large data of policy transactions from various sources.
♦ Analyze daily/weekly/monthly sales reports to identify/project trends and provide commentary to senior management.
♦ Work closely with other departments and 3rd party service providers to rectify discrepancies and ensure data accuracy.

Reporting to the CFO, with two direct reports
♦ Work with the CFO to develop/update the five-year business plan (revenue stream analysis, cost structure breakdown).
♦ Maintain/update the financial model used to consolidate financial statements of subsidiaries (later-on automated in ERP).

Key Achievements:
♦ Onboarded newly acquired entity in Edmonton: transitioned finance/accounting functions to Kitchener, aligned policies/procedures/work instructions to parent company, opened bank accounts, implemented Oracle NetSuite ERP.
♦ Saved 80hrs a month by creating a Macro to automate daily sales data upload from LIMS (legacy system) to NetSuite.
♦ Lead implementation of consolidation/elimination and currency revaluation for Canadian and US entities in NetSuite.

Matrix org structure - reporting directly to the CFO with seven direct reports
♦ Build/audit financial models for investment transactions (M&A, LBOs, Divestitures) and PPP project finance transactions.
♦ Perform investment valuation and prepare/present quarterly financial results to senior management and the board.
♦ Administer SAR 2.7bn credit facilities (funded/un-funded) with PCGs, issue compliance certificates for LT debt covenants.
♦ Compile the annual master budget (driver-based) for the parent and its subsidiaries with monthly variance analysis.
♦ Work with subsidiaries’ management to develop their 5-year business plan and advise on managing working capital.
♦ Design/implement financial policies, procedures, and work-instructions by working closely with the internal audit team.
♦ Coach financial analysts to develop analytical/financial reporting skills, monitor KPIs, and prepare financial packages.

Key Achievements:
♦ Reduced interest cost 10% by negotiating with banks to refinance SAR 1.5bn syndicated loan into 3 bi-lateral facilities.
♦ Optimized profit margin of one subsidiary 15% by conducting revenue stream analysis and cost structure breakdown.
♦ Managed IFRS First-Time Adoption for the parent and its subsidiaries performing gap analysis and impact assessment.
♦ Implemented MS Dynamics AX (GL, AR, AP, Fixed Assets, HR, Budgeting) followed by the upgrade to MS Dynamics 365.

Reporting to the Head of Equity Capital Markets
♦ Develop marketing material (pitchbooks, CIMs confidential information memoranda, NDAs non-disclosure agreements).
♦ Support senior managers on the deal origination team to grow and strengthen client base and secure new mandates.
♦ Follow up with clients, regulators, banks, third party advisors/consultants to ensure smooth execution of transactions.
♦ Build financial models for assigned mandates: valuation using DCF, Public Comps, Precedent Transactions, LBOs, M&A.

Deal Experience:
♦ Initial Public Offering: represented a client in the food-products industry (Sanabel Al Salam) through the IPO process.
♦ Private Placement: represented a client in construction industry seeking growth capital by passive/strategic investors.
♦ Fairness Opinion: advised a client in O&M industry being acquired in a stock-consideration offer by a public company.