Shuhdi Alkhateeb

Significant Achievements:
• Crafted out an effective and dynamic Finance Policy and Procedure.
• Secured funds of 73M Riyal by cultivating excellent relationships with key financial institutions.
• Successfully managed the implementation of the first ERP system.
• Planned to recruit, train and on board finance personnel to suit the organizational requisitions.
• Minimized the Sales and Warehouse reporting turnaround time by 75% by using databases and PivotTables.
• Drew and implemented the full Banking and Signatory authority matrix.
• Coordinated with the various departments and the auditors to ensure successful execution of both internal and external audit processes.
• Analysed data and processes to review and formulate an improvised company risk policy.
• Negotiated the plant's property insurance, risk insurance and third party insurance.
• Prepared and implemented the company's policies and procedures to efficiently implement the new VAT regulations.
• Managed and oversaw the tracking and reporting of Zakat and Withholding Tax.
• Coordinated with experts, agents, advisors and consultants for Zakat, VAT, Withholding Tax, Property and Risk Insurance and Medical Insurance.

Key Responsibilities:
• To contribute to the attainment of the company’s business objectives by:
- Providing strategic and financial guidance to ensure that the company’s financial commitments are met.
- Developing the policies and procedures to ensure the sound financial management and control of the company’s business.
• Monitor and report KPI, Cash Flow, P&L, and Variance analysis.
• Responsible for preparing and improving the company’s cash flow and maintaining accurate records.
• Manage and support the finance team for smooth conduct of day to day activities.
• Analyse data to identify areas for cost cutting opportunities and improve the cash flow.
• Advise, guide and support the Board of Directors for matters related to finance to enable take appropriate decisions.

Significant Achievements:
• Succeeded in refining company cash flow by 25% through strict control policies over AP and AR
• Tracked and monitored regularly to ensure preparation of financial reports adhering to the time deadlines and the quality parameter to enable improvement in the financial reporting period.
• Increased the department efficiency through proper delegation of tasks.
• Led successful negotiations of corporate loans and Letter of Credit (LC) payments, acquiring over 250M in LC's.
• Introduced new initiatives which decreased financial reporting period by a full week.

Key Responsibilities:
• Analysed financial reports and data to forecast the corporate cash flow and evaluate the requisitions for external sourcing of funds to cater to Letter of Credits, Bank Guarantees and management of operating facilities.
• Ensured adequate availability of funds to meet the day to day operational requisitions of the organization enabling smooth conduct of operations.
• Implemented checks and controls to ensure apt conduct of all the treasury activities to prevent unwanted expenditure and encourage judicious usage of resources.
• Oversaw the processes for extension of credit to customers, analysing the risk factors to keep the outstanding and overdue payments under control.
• Liaised with customs clearance companies to ensure ease of clearance of shipments from customs adhering to the prevalent rules and regulations.
• Evaluated and reported the Cash Flow, KPI and Variance analysis on daily basis.

Significant Achievements:
• Provided direct support to the Executives and the Senior Vice President for all matters related to accounts and finance.
• Automated monthly results using pivot tables and data mining techniques, cutting reporting turnaround by 35%.
• Performed complete audit of the dashboards data to insure it conforms to Sarbanes Oxley (SOX) regulations.
• Slashed annual operating budget of $14M to $10M.

Key Responsibilities:
• Confidently guided 5 junior business analysts with business case models, including NPV, IRR, ROI, and Payback Period.
• Took charge of month-end reporting and accounting cycles for TELUS OS comprising of journal entries including accruals, pre-paid, expenses, revenue, accounts payables, and receivables.
• Examined existing data of poor performing areas and made recommendations for improvement in efficiency and performance.
• Developed and analyzed the business units’ scorecards, dashboards and metrics to help figure out variances in sales, costs and productions creating scope for further improvement in the overall operations.
• Monitored the preparation of the monthly, quarterly, and annual budget financial forecasts and audits to ensure accuracy adhering to the checks and controls.
• Drove new business processes to enhance the efficiency, reducing the turnout time required to publish the monthly results and scorecards.

Significant Achievements:
• Provided direct support to the Executives and the Senior Vice President for all matters related to accounts and finance.
• Automated monthly results using pivot tables and data mining techniques, cutting reporting turnaround by 35%.
• Performed complete audit of the dashboards data to insure it conforms to Sarbanes Oxley (SOX) regulations.
• Slashed annual operating budget of $14M to $10M.

Key Responsibilities:
• Confidently guided 5 junior business analysts with business case models, including NPV, IRR, ROI, and Payback Period.
• Took charge of month-end reporting and accounting cycles for TELUS OS comprising of journal entries including accruals, pre-paid, expenses, revenue, accounts payables, and receivables.
• Examined existing data of poor performing areas and made recommendations for improvement in efficiency and performance.
• Developed and analyzed the business units’ scorecards, dashboards and metrics to help figure out variances in sales, costs and productions creating scope for further improvement in the overall operations.
• Monitored the preparation of the monthly, quarterly, and annual budget financial forecasts and audits to ensure accuracy adhering to the checks and controls.
• Drove new business processes to enhance the efficiency, reducing the turnout time required to publish the monthly results and scorecards.

Significant Achievements:
• Assumed the business unit controller role and its $100+ million Maintenance Budget.
• Designed cost reduction strategies to reduce annual maintenance contracts by $22+M.
• Decreased workload by 75% through full-automation of the month-end processes.

Key Responsibilities:
• Responsible for the preparation and accuracy of the monthly, quarterly, and annual budget financial forecasts and audits
• Performed full financial feasibly studies for new projects and maintenance contracts
• Performed full financial analysis and business case modeling such as NPV, IRR, ROI and Payback Period for all new projects and contracts
• Recommended and implemented cost reduction strategies to improve profit margins
• Completed full audit and review of contracts and work orders
• Analyzed, and prepared full Month-to-Month and Year-to-Year Variance Analysis reports
• Communicated the Variances, their causes, and the course of action on a monthly basis
• Prepared the monthly, quarterly, and annual financial forecasts and audits
• Booked invoices and matched them to existing contracts and General Ledger accounts
• Reconciled Accounts Receivables, Accounts Payables and Accruals for all vendors’ invoices

• Performed full financial statement analysis for various companies (ROI, ROA, PV, etc.)
• Analyzed the business and accounting cycle of the businesses
• Determined the business ability to repay the loan and its credit worthiness vs. credit risk
• Underwrote the businesses credit application
• Prepared a full credit review per business on an annual basis to determine any changes to their credit risk
• A proven track record of below average default rate on loans achieved through a detailed evaluation of the business
• Assisted the businesses in improving their business and accounting cycles
• Demonstrated knowledge of Business & Personal financial products, services and credit analysis to meet the needs of the business clients
• Developed a total financing solution package for clients
• Processed Business & Personal credit applications (Mortgages, Loans, Line of Credits etc)
• Fulfilled investment buying and selling requests (Mutual Funds, GIC’s and others)

• Prepared the monthly bank and accounts reconciliations for the Corporate Office
• Completed monthly adjustments and reversing journal entries and accruals
• Processed the weekly time sheet and the monthly salary reports
• Issued the monthly salaries in cash to each individual employee
• Generated the required business reports on a weekly, and monthly basis
• Assisted with daily banking activities