Zaid Absi FMVA CertIFR

• Spearhead the development, implementation, and monitoring of financial strategy, ensuring alignment with company mission, vision, values, and goals across a diverse group of companies.
• Mastermind cash flow management and modeling, efficiently managing working capital, and analyzing cash needs for operations and investments.
• Manage banking facilities, time deposits, and term deposits, optimizing financial resources.
• Oversee financial accounting operations, ensuring strict adherence to internal policies and International Financial Reporting Standards (IFRS).
• Establish and enforce robust accounting methods, policies, and procedures.
• Lead the preparation of special purpose and consolidated financial reports on a monthly and yearly basis, providing clear financial insights to executive management.
• Manage comprehensive financial reporting, analyzing data, generating transaction reports, and recommending strategic courses of action to facilitate informed decision-making.
• Direct the preparation and control of the Company's Budget, meticulously reporting variances and collaborating with department heads on future strategic paths.
• Work as a strategic business partner using financial data and analysis that lead to sustainable and long-term cost reduction.
• Continuously review and enhance internal control systems, driving operational efficiency and mitigating risk.
• Forecast future financial trends to inform proactive strategic planning.
• Cultivate a strong risk culture and promote sound risk practices to minimize financial and operational vulnerabilities.

• Served as the Financial Leader for two manufacturing and distribution factories operating across KSA and the Gulf Region, reporting directly to the CEO & BOD.
• Drove financial discipline and accountability, acting as a key business partner to achieve financial objectives related to sales, profit, and cash.
• Developed and executed the financial strategy, financial planning and analysis, master budgeting, and comprehensive financial reporting.
• Managed company audits, ensured compliance, and cultivated strong bank relationships.
• Key Projects:
o Developed complex Financial & Operational Models.
o Performed business valuations using NPV, IRR, DCF/SOTP/Value in Use methodologies.
o Conducted Scenario and Sensitivity Analysis for businesses based on microeconomic and macroeconomic factors.
o Successfully restructured the Finance Department, implementing new financial transaction processing methods and strengthening financial internal controls.
• Key Contributions:
o Optimized costing techniques by transitioning from Periodic Costing to Perpetual Costing, enhancing accuracy and control.
o Identified and implemented significant cost-saving and efficiency improvements within the company's financial operations.
o Streamlined financial processes, leading to increased efficiency across the department.

• Established comprehensive financial, accounting, and administrative systems for a startup trading company, ensuring a successful launch in KSA and GCC. This included setting up the chart of accounts, building the accounting cycle, consolidation processes, financial reporting, and strategic planning.

• Provided critical financial insight and analysis of revenue, expenses, cash flows, and balance sheets to support key decision-making.
• Implemented proper revenue recognition practices, leading to accurate monthly financial forecasts and P&L variance reporting.
• Developed and enforced a quality control checklist to assure financial transactions, reporting accuracy, and compliance with IAS/IFRS, local regulations, and internal guidelines.
• Key Projects:
o Planned, organized, and executed critical financial tasks and projects.
o Provided strategic financial insight and analysis to drive business performance.
o Led month-end closing processes and conducted monthly financial forecasts.
• Key Contributions:
o Identified significant efficiencies and opportunities for cost reductions across the business.
o Monitored company cash flow through transaction tracking and regular internal report reviews.
o Ensured accurate and timely settlement of Zakat & VAT, and proper reporting to authorities.

• Managed the finance function for three companies, encompassing financial and management accounting, and actively contributing to financial strategy formulation and implementation.
• Preformed feasibility studies, alongside setting comprehensive financial policies and procedures.
• Oversaw treasury functions, accounting, budgeting, financial planning, forecasting, cash flow analysis, and budget variance reporting.
• Key Contributions:
o Achieved ongoing cost reductions through proactive analysis and implementation.
o Provided insightful financial analysis and ad-hoc reporting to support management decisions.
o Successfully managed year-end closing processes in collaboration with external auditors.

• Supervised Treasury & Head Cashiers across 8 hypermarkets, ensuring financial accuracy and control.
• Managed treasury accounting, bank reconciliations, LC/LG, and debt & credit card processes.
• Conducted forensic accounting for financial disputes.
• Handled payables and payments for both trade and non-trade vendors.
• Supervised and provided training to new accounting employees, fostering team development.
• Proficiently utilized financial programs including JDE, Tims, and Oracle.

• Performed financial accounting within the Foreign Accountancy Department.
• Managed treasury accounting, including LC/LG/CAD.

• Executed general financial accounting duties.
• Managed payroll and HR-related financial tasks.
• Prepared periodic financial statements, ensuring accuracy and timeliness.
• Ensured compliance with governmental authority requirements (Sales Tax, Income Tax, Social Security).

• Completed comprehensive training across all bank departments, gaining broad knowledge and practical experience.
• Developed expertise in internal bank systems (ICBS), Money Gram Transfers, Basic Transfers, Prepaid Credit Cards, and Letters of Guarantee.