On Triage and Setting the Stage for a Permanent Hire

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.

Get more insights in these related posts!

Careers at 8020 Consulting

We take pride in nurturing long-term relationships with our team members and our Clients. If you’re interested in working in Interim Financial Management or in supporting our Clients through Financial Project Execution, visit the careers section of our website to learn more about life at 8020. You can also put in an application for consideration by following the instructions at the bottom of the page:

New call-to-action

About Waleed

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.

Categorized in:

similar articles

Learn to think and approach problems like our financial consultants.

Financial Reporting & Accounting

A Brief Primer on Financial Data Management and Reporting

During my recent engagement with a leading management consultancy firm, I discovered an issue that is quite common among complex organizations: over-customization in financial data management, data tagging and financial report creation. This over-customization often manifests itself in financial reporting views that ultimately fail to correspond to GL data hierarchies. The issue is exacerbated by… View Article

March 15, 2023Chris Routhe

Business Advisory

A Look at Team Assessment Projects

As 8020 Consultants, we focus on issues that produce provable results measured by an increase in our Clients’ bottom line. While financial project execution and interim financial management are our bread and butter, sometimes, operational improvement goals bring our attention to the softer side of a corporation – its people. In the cases where the… View Article

March 8, 2023Ellen Vayner

Financial Planning & Analysis

Finance and Operations: The Path to Strategic Alignment

When thinking of Finance and Operations, envision two sides of the same coin. Operations executes the company mission and strategic goals while consistently adapting to ever-changing global dynamics. Finance assures resources are allocated properly to these same strategic goals, while working as the gatekeepers of the organization’s financial health. These two departments are more interrelated… View Article

March 1, 2023Romesh Jayawardene

See All

Back to Insights