When I was deployed as the Client’s Interim Controller, they had been operating for less than 10 months, yet the business was fairly complex for an inception year. They had completed an acquisition, implemented an equity incentive plan and were transitioning between ERP systems. Additionally, the demands of a rapidly growing business were a strain on every department’s infrastructure.
I was able to lead the current accounting team in producing monthly financials, and we closed out the 2020 financials while adopting ASC 606 revenue recognition, early-adopting ASC 842 leases, completing the purchase price accounting and drafting the footnotes. We issued the audit report by mid-year, which allowed the Client to pivot to securing financing.
Concurrently, I successfully documented and improved key processes, produced fundamental control documents to facilitate a timely close and began building out the accounting team—all of which ensured a seamless transition to the permanent Controller.
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Waleed has more than 20 years of corporate finance and accounting experience including positions as Interim CFO and VP, Corporate Controller across consumer products, e-commerce, advertising agencies, IT-services, entertainment and technology industries in both private and public companies. Prior to 8020 Consulting, Waleed worked at NYDJ Apparel, Computer Sciences Corp and is a PricewaterhouseCoopers alumnus specializing in financial reporting and modeling, M&A due diligence and post-acquisition integration, restructuring, system implementations, investor relations, policy and process development, federal and SALT tax compliance, operational analytics, treasury and cash flow management and legal oversight. He holds a B.S. in Accountancy from the Leventhal School of Accounting at USC.