Zaid AlAskar
GM, Accounting at الهيئة العامة لحي السفارات- Claim this Profile
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Arabic Native or bilingual proficiency
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English Full professional proficiency
Topline Score
Bio
Ahmed A.Bin-Baz
perfectly organized professional, wise, dedicated and honest expert - that's Zaid! ,,, I had the privledge of working with him
Ahmed A.Bin-Baz
perfectly organized professional, wise, dedicated and honest expert - that's Zaid! ,,, I had the privledge of working with him
Ahmed A.Bin-Baz
perfectly organized professional, wise, dedicated and honest expert - that's Zaid! ,,, I had the privledge of working with him
Ahmed A.Bin-Baz
perfectly organized professional, wise, dedicated and honest expert - that's Zaid! ,,, I had the privledge of working with him
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Credentials
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Certified Budgeting Professional (CBP)
The Institute of Certified Cost & Management Accountants (ICCA)Jun, 2008- Sep, 2024 -
Certified Financial Consultant (CFC)
Institute of Financial Consultants ®May, 2006- Sep, 2024
Experience
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GM, Accounting
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Jun 2019 - Present
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Integrated Telecom Company (ITC)
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Saudi Arabia
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Telecommunications
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300 - 400 Employee
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Senior Manager, Financal Planning & Budgeting
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Nov 2018 - Jun 2019
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Saudi Telecom Company
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Saudi Arabia
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Technology, Information and Internet
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1 - 100 Employee
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Financial Planning Expert
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Feb 2017 - Nov 2018
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Ministry of Economy and Planning - MEPsaudi
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Saudi Arabia
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Government Administration
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400 - 500 Employee
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Director Of Accounting
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Jan 2016 - Feb 2017
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The Centennial Fund
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Saudi Arabia
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Non-profit Organization Management
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1 - 100 Employee
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Director Of Accounting
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Jan 2007 - Jul 2012
Key Responsibilities:• Supervising the implementation and application of accounting principles to a computerized accounting system for the assured realization of accurate recordkeeping of all transactions.• Critically monitoring expenditures, revenues, production cost and work in progress to ensure that payments made/received are within budgeted limits agreed with representatives from other departments.Accounting:• Auditing expenditures to identify and eradicate unnecessary variable or fixed expenses to maintain/enhance profitability; adjusting and correcting opening and closing entries for the fortification of accounts as accurate as possible.• Implementing a defined and detailed “Cost Accounting” theory for the calculation of: Cost of Production for the plant inclusive of finished and semi-finished products, Work-in-Progress for projects including computation of “Variances” with original cost estimates and Break-Even Point for activities, production and projects.Financial Reporting:• Preparing daily/weekly/bi-weekly/monthly/quarterly and/or annual reports consisting of income statements, balance sheets, performance reports, stock reports and reports on special fund expenditures and transactions; performing ratio analysis to gauge profitability, liquidity and solvency of the corporation.Information Management:• Discussing status and correctness of specific accounts and verifying that sufficient funds are available in particular accounts to meet operational and capital expenditures.• Preparing a Monthly Budget for all ongoing projects and a Consolidated Budget to control day to day expenditure.
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Accounting Supervisor
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Oct 2005 - Dec 2006
• Prepared financial statements and management reports as planned, required, needed or instructed by the management to facilitate strategic thinking and decision making.• Coordinated with other employees, plant and project managers, outside agencies and suppliers to assess the legality and necessity of certain expenditures, documentation and accounting-related matters for the seamless flow of operations.Accounting:• Leveraged a unified Cost-Code for all ongoing projects; prepared reports of income and expenditures analyzing current financial status against the current (company or project) budget.• Reviewedworkofsiteandprojectaccountants;controlledstock-relatedoperationsforeffectiveinventorycontrol.Financial Reporting:• Classified fund and account invoices for alignment with budgetary control and general accounts through which the Trial Balance is verified prior to the initiation of desired financial statements and reports.Information Management:• Performed stock control operations inclusive of physical checks/counts on high value stock items, followed up with vendors on the status of stock and liaised with other personnel to ensure correctness and accuracy of stock operations.
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Al-Babtain Power & Telecommunication Co.
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Saudi Arabia
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Appliances, Electrical, and Electronics Manufacturing
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300 - 400 Employee
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Accountant
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Jun 2003 - Sep 2005
• Provided technical assistance to accounting personnel for preparing and modifying budgets, financial statements and balance sheet to give a true and fair view of existing state of affairs.• Updated cash and bank position on a daily basis and reviewed projected cash flows for the corporation as a whole and/or for a certain project and/or as consolidation of projects.• Maintained up-to-date records and receipts of all transactions and prepared periodic account reconciliation(s) to assure accuracy and completeness of all financial transactions.
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Education
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City University London, Cass Business School
Executive Education Program in Strategic Decision Making for Leaders -
The University of Wolverhampton
Master of Science (MSc), Finance & Accounting -
King Saud University
Bachelor’s Degree, Accounting