Renad Al Shawan
Khobar
Summary
Senior FP&A Analyst with a strong foundation in finance operations and over 4 years of experience in the Saudi insurance sector. Proven track record in financial analysis, reporting, and process transformation, with exposure to IFRS 17, reinsurance, and expense management. Recognized for translating financial data into actionable insights to support executive decision-making. Combines strong technical expertise (Oracle, Excel, Power BI) with business acumen and stakeholder collaboration.
Overview
5
5
years of professional experience
1
1
Certification
Work history
Senior FP&A Analyst
Walaa Cooperative Insurance Company
Khobar
01.2026 - 04.2026
- Prepare and present executive-level reports (XCOM) covering key KPIs: GWP, Insurance Revenue, and Insurance Service Result (ISR).
- Perform variance analysis (Actual vs Forecast vs Prior Periods) and provide actionable insights to senior management.
- Analyze line-of-business performance (Medical, Motor, P&C) to support profitability and growth decisions.
- Collaborate with actuarial and business teams to align on UPR, claims projections, and expense assumptions.
- Support development of visual dashboards and presentations to enhance decision-making clarity.
- Drive improvements in financial reporting structure and storytelling, focusing on high-level insights over raw data.
Senior Accounts Payable Specialist
Walaa Cooperative Insurance Company
Khobar
01.2025 - 12.2025
- Managed full AP cycle including invoice processing, reconciliations, and payments across insurance and non-insurance operations.
- Handled reinsurance accounting (treaty, facultative, XOL) including monthly reporting and reconciliations.
- Played a key role in Oracle system transformation, supporting data accuracy and process stabilization.
- Built multiple financial reports (WHT, bank summaries, payment tracking) used by finance management.
- Identified inefficiencies and contributed to automation of manual finance processes.
Accounts Payable Specialist
Walaa Cooperative Insurance Company
Khobar
08.2022 - 12.2024
- Executed high-volume invoice processing and supplier reconciliations with strong accuracy.
- Supported new business initiatives through invoice validation and duplication control (1,000+ invoices).
- Coordinated with internal teams to resolve discrepancies and ensure smooth financial operations.
Accounts Payable Trainee
Walaa Cooperative Insurance Company
Khobar
02.2022 - 08.2022
- Developed foundational skills in accounting operations, reconciliations, and reporting.
Financial Accountant (Trainee)
Battyor Holding Company
Khobar
09.2021 - 12.2021
- Supported invoicing, reconciliations, and financial reporting under supervision.
- Improved Excel-based reporting and reconciliation processes.
Education
Bachelor's Degree - Finance
King Faisal University
Al Ahsa, Saudi ArabiaSkills
- Financial Planning & Forecasting Budgeting & Variance Analysis (In Development)
- Management Reporting (XCOM Level) Financial Modeling
- Expense Analysis & Allocation Reinsurance Analytics
- Excel Advanced Modeling Power BI Dashboards
- Oracle (AP, GL WAND) Process Improvement & Automation
Websites
Certification
- IFCE Certificate – The Financial Academy
- SOCPA Associate Membership
- Power BI Certification – BEACON FinTrain
LANGUAGES
Arabic – Native
English – Professional Proficiency
KEY PROJECTS & ACHIEVEMENTS
Executive Reporting (XCOM): Designed high-level financial presentations focusing on KPIs and business insights., Reinsurance Reconciliation Initiative: Cleared and matched 3+ years of outstanding reinsurance balances., GL Cleanup Project: Led reconciliation of multiple GL accounts during system transformation achieving zero discrepancies., Process Automation: Reduced manual workload by implementing system-driven finance processes., Wrong Payment Recovery: Identified and recovered ~98% of payment discrepancies.
Timeline
Senior FP&A Analyst
Walaa Cooperative Insurance Company
01.2026 - 04.2026
Senior Accounts Payable Specialist
Walaa Cooperative Insurance Company
01.2025 - 12.2025
Accounts Payable Specialist
Walaa Cooperative Insurance Company
08.2022 - 12.2024
Accounts Payable Trainee
Walaa Cooperative Insurance Company
02.2022 - 08.2022
Financial Accountant (Trainee)
Battyor Holding Company
09.2021 - 12.2021
Bachelor's Degree - Finance
King Faisal University