Zaher Ali Al-Almaee
Senior Financial Advisor at Business Accelerator
With a solid background in financial accounting and control spanning diverse industries, Mr. Zaher holds extensive expertise in MIS reporting, general ledger management, costing, payables, and receivables. He possesses exceptional interpersonal, communication, and organizational skills, with a proven track record in team building and management. As a dedicated finance professional, he excels in asset management and internal controls, consistently delivering strategic financial insights and optimizing operational efficiencies.
In addition to his expertise in financial operational planning, Mr. Zaher oversees critical areas such as timely budget production and rigorous financial cycle management. He is adept at cash management, effectively controlling all company assets and liabilities. Mr. Zaher plays a pivotal role in developing and reviewing organizational objectives and financial policies, ensuring alignment with approved regulations and procedures. He excels in formulating company goals and strategies, and is highly skilled in budgeting, financial management, business financial analysis, cash flow management, and operational planning.
Mr. Zaher plays a pivotal role in his capacity by preparing organizational objectives and financial policies, meticulously planning, organizing, and overseeing the implementation of financial management plans and policies in strict adherence to approved regulations and procedures. He actively contributes to the formulation of the company's primary goals and strategies, ensuring alignment with overarching business objectives.
In his role, Mr. Zaher collaborates closely with various departments within the organization through regular meetings and communications to assess their financial needs and facilitate necessary financial services and resources. He demonstrates proficiency in cash management, effectively controlling all forms of company assets and liabilities to maintain financial stability and operational efficiency.
Moreover, Mr. Zaher excels in financial operational planning, specializing in budgeting and comprehensive financial management. He conducts detailed business financial analysis and manages cash flow strategically to optimize liquidity and financial resources. His expertise extends to meticulous business operation planning and management, where he applies strategic insights to enhance overall business performance and ensure sustainable growth.
Mr. Zaher meticulously plans, studies, and gathers data to assess the costs associated with various business activities. He diligently records cost information to effectively monitor and control expenditures, maintaining a robust cost accounting system. Mr. Zaher conducts detailed analyses of actual manufacturing costs, preparing regular reports that compare standard costs against actual production costs to identify variances and optimize cost efficiency.
In addition to cost management, Mr. Zaher prepares monthly reports on overhead expenses, providing department heads with comprehensive variance analysis between actual expenditures and budgeted amounts. He oversees VAT return filing, meticulously handling input VAT, output VAT, and net VAT calculations, and submits these reports to GAZT in compliance with regulatory requirements.
Furthermore, Mr. Zaher plays a crucial role in budget preparation by calculating future period depreciation, ensuring accurate financial forecasting. He conducts monthly reconciliations of trial balances across various heads to maintain financial integrity and accuracy. Additionally, he verifies and validates new orders in the ERP system, ensuring adherence to organizational procedures and standards while approving purchase orders to streamline operational processes effectively.
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