Description
MD. IFTEKHARUL ISLAM BHUIYAN, ACCA (UK)
Flat # B4, Tenement # 2, Block-E
Bashundhara R/A, Dhaka
01935288074, iftekharfb@gmail.com
Date of Birth: February 25, 1984
CAREER OBJECTIVE
Striving to achieve leadership position in accounts and finance where my skills & abilities can be utilized in its best ethics to any business category.
SUMMARY OF PROFICIENCY
ü Applying analytical skills in business analysis including change management.
ü An enthusiastic self-starter, team player and problem-solver with keen attention to customer needs and satisfaction.
ü Capable at shouldering responsibility, making & implementing decisions, setting and meeting deadlines beyond routine jobs.
Technical expertise includes:
· Strategic finance management, working capital management and treasury management
· Management information system (MIS) and analysis
Prepare financial statements complying with IFRSs & Companies Act.
Feasibility Study and investment appraisals
Risk management and internal control including budgetary control.
Corporate affairs & share matters.
· Business process analysis & process redesign
PROFESSIONAL QUALIFICATIONS
IBA, University of Dhaka
Executive MBA
Pursuing
21st Batch
ACCA (Association of chartered certified Accountants), UK
ACCA (completed from UK)
February2011
Member No. 1457052
SCHOLASTIC RECORDS
Name of the degree
Year
Name of the institute (university, college, school)
Result
BBA with major in Finance
October 2006
University of Dhaka, Bangladesh
CGPA 3.43
BSc in Applied Accounting
March 2010
Oxford Brookes University, UK
2nd Class
HSC (Business Studies)
2000
Dhaka College
1st Division (74.6%)
SSC (Business Studies)
1998
Mymensingh Zilla School
1st Division (81.8%)
EMPLOYMENT RECORDS
Ispahani Alliance Pharmaceuticals Ltd. (A project of two leading conglomerates)
18/08/2014 to present
Head of Accounts & Finance
Key responsibilities & achievements
Direct, supervise & operate all the activities within Finance & Accounts function and play strategic role to ensure that business decisions are grounded in sound financial criteria; providing concrete analysis to support the Managing Director and Board of Directors.
Finance Policies and Guidelines
– Preparation of Finance Policies and Guidelines, ensure periodic update and adherence to Policies and Guideline as a custodian.
– Developed the procurement policy, delegation of power & authorization approval policy, fixed asset policy and asset register.
Finance and Accounts Supervision
– Ensure timely preparation of MIS and communication with top management in respect to past performance, targets and forecasts.
– Annual set of financial statements prepared for the year 2014 in conformance with BFRSs and coordinated statutory audit for the same.
Investment appraisal & financial model development
Developed the prospective financial information for the project with 10 years projection and road showed the investors regarding rate of return, pay back periods and sensitivity in different scenario throughout the progress of the project.
Project Finance
Successfully pursued approval of project term loan for 7 years:
– BDT 220 million at the rate of 12% effectively
– FCY loan of US$ 6.7 million at the rate of 7 % effectively.
– Meeting & liaison with BOI & Bangladesh Bank regarding approval of FCY loan.
– Mortgage documents reviewed & finalized after close meeting and negotiation with club finance participants
Financial Planning
– Cash flow plan, fund requirement for Share call with approval from BOD meeting, quarterly forecast and CAPEX related plan.
– Ensure prudent commercial planning regarding L/C opening and L/C retirement in line with project roadmap thereby optimizing finance cost.
Treasury Management
– After joining, I opened SND account replacing non-interest bearing current account to get best possible interest rate on average account balance.
– And continuously reviewed cash flow projection to make best use of fund available while taking account the opportunity cost; i.e. FDR & other securities.
Corporate Affairs
Setting agenda items, notice of board meeting, minutes of meeting, allotment and transfer of shares, annual returns and return for changes at RJSC.
Procurement
– In tendering of piling work, I contributed to save BDT 80 lac by selecting new contractor other than the primarily selected one by shifting some scope of work within Company;
– Adhered to procurement policy, tender documents and achieved best possible discount as corporate in purchasing construction materials;
– Saved 6% (AIT, VAT) on registration value equivalent to BDT 50 lac at the time of registering land providing declaration from lawyer and Auditors.
The ACME Laboratories ltd. (a leading drugs manufacturer in Bangladesh)
01/01/12 to present
Senior Manager, Financial Plan and Central Accounts, Accounts & Finance division.
Key responsibilities and achievements:
Compile annual business plan including the master budget in participation of concerned divisions
Approval for CAPEX requisition from the budget.
Monitor monthly variance report, analyze and communicate significant deviations to higher management.
Feasibility study and business analysis of new businesses and upcoming projects
Review and analyze existing process and endeavor for process improvement.
Prepare prospective financial statements and projected schedule of loan repayments.
Develop and introduce standard operating procedure, i.e. responsibility accounting, authorization & approval policy, advances.
Review and analyze existing process and endeavor for process improvement.
Prepare monthly consolidated financial statements as per BFRSs.
Develop and control a centralized accounting system to ensure that accounts are effectively managed.
Provide advice and professional support to depots and maintain effective liaison with them to ensure that the financial functions are operated in line with company policy, and to develop and promote best practice throughout the company.
Introduced monthly performance management booklet to give snapshot to higher management on monthly performance.
– Promoted as Senior manager in one year’s time as an exception to prevailing HR policy.
– Played a key role in documentation, negotiation process of Foreign Currency (FCY) Loan, IM & prospectus preparation for capital raise and IPO process.
A. Qasem & Co, Chartered Accountants (cooperating firm of PwC in Bangladesh)
13/02/11 to 31/12/2011
Assistant Manager, Audit & Assurance
A. Qasem & Co, being one of the oldest firm of chartered accountants and PwC representative firm in Bangladesh offers audit, tax, and consultancy services. Key responsibilities and achievements are:
• Reporting Partner in charge regarding clients on audit & advisory deliverable; planning, resource allocation and managing the audit team based on PwC audit instructions to ensure quality and compliance.
• Prepare proposal, drafting and agreeing terms of engagement, management letters and other deliverable with the client
• Reviewing and commenting on internal control systems of clients, performing system documentation, test of controls to ensure compliance with established policies by conducting walk- through tests on the transaction cycle from initiation to reporting.
• Managing clients (meeting, negotiating, networking, etc.) and interacting regularly with overseas PwC offices and reviews
Leaded the audit team in hot review conducted by PwC Hong Kong for the audit of 5 subsidiaries of CPAT group, China.
• Major audit & advisory services attended:
• -DHL Worldwide Bangladesh Ltd.
• -Magnus Textiles Services Ltd (100% Danish owned)
• -CPAT (Singapore) pvt. ltd (100% Hong Kong based 5 subsidiary companies in BD)
• – Aftab Group
IDLC limited Bangladesh
09/06 to 02/07
Credit Officer
Job Responsibilities:
▪ Credit assessment, analysis through statements review
▪ Reporting to senior manager with recommendations
▪ Visiting mortgage property and interviewing clients
▪ Annual performance analysis and target setting
▪ Overdue analysis and their critical reasoning and ratings
LANGUAGES
· Bengali: Fluent in Writing, Reading & Speaking
· English: Fluent in Writing, Reading & Speaking
COMPUTER SKILL
§ Well handy with Oracle database, Tally environment and familiar with SAP accounts
§ Working in ERP environment
§ Microsoft Office 2007 & later versions (especially MS Word, Excel, Power Point).