Faruk Ahammad FCA

Chief Financial Officer at United Commercial Bank Limited
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Contact Information
us****@****om
(386) 825-5501
Location
Bangladesh, BD
Languages
  • English -
  • Bengali -

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Experience

    • Bangladesh
    • Banking
    • 700 & Above Employee
    • Chief Financial Officer
      • May 2019 - Present

    • Bangladesh
    • Banking
    • 700 & Above Employee
    • Chief Internal Auditor
      • Sep 2017 - May 2019

    • Group Chief Operating Officer
      • May 2016 - Jul 2017

    • Director - Finance
      • Feb 2013 - Apr 2016

       Developed company policies, process , procedures and LoA  Lead $161m FDI from Malaysia  Developed the standard price book and pricing strategy  Designed and developed Smart Chat of accounts  Oversee the valuation model of assets acquisition from Robi  Finalised the tax Planning and optimization on the assets transfer transaction  Business modeling and planning  Lead SAP system implementation  Lead TIMS systems implementation  Developed company policies, process , procedures and LoA  Lead $161m FDI from Malaysia  Developed the standard price book and pricing strategy  Designed and developed Smart Chat of accounts  Oversee the valuation model of assets acquisition from Robi  Finalised the tax Planning and optimization on the assets transfer transaction  Business modeling and planning  Lead SAP system implementation  Lead TIMS systems implementation

    • Managing Director & CEO
      • Aug 2010 - Nov 2012

      • Transformed the company in the new arena. • Developed the mission and vision of the company • Recruited and retained the best human resources of the industry. • Developed the policies and process of the company in line the laws and guidelines as set by the regulations. • Developed business strategy and try to portray ourselves one of the best company by next 3 years. • Rebranded the company and change the brand image of the company. • Developed best in class service culture to provide top class service. • Creating zero tolerance compliance culture in the company • Developed and maintained good relationships of the regulators • Created the state of the art technology infrastructure of the company Show less

    • Bangladesh
    • Banking
    • 700 & Above Employee
    • CFO
      • Dec 2009 - Aug 2010

      • Created, coordinated, and evaluated the financial programs and supporting information systems of the company to include budgeting, tax planning, infrastructure development, and acquisition of assets. • Approved and coordinated changes and improvements in automated financial and management information systems for the company. • Ensured compliance with local and IAS, IFRS reporting requirements. • Overseen the approval and processing of revenue, expenditure, and position control documents, department budgets, mass salary updates, ledger, and account maintenance and data entry. • Coordinated the preparation of financial statements, financial reports, special analyses, and information reports. • Developed and implemented financial, accounting control process and procedures. • Established and maintained appropriate internal control safeguards. • Interacted with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations. • Ensured records are maintained in accordance with generally accepted accounting standards. • Developed and directed the implementation of strategic business and/or operational plans, projects, programs, and systems. • Analyzed cash flow, cost controls, and expenses to guide business leaders. Analyzed financial statements to pinpoint potential weak areas. • Established and implemented short- and long-range departmental goals, objectives, policies, and operating procedures. • Developed procurement and supply chain management policies of the bank. • Developed fixed assets management control system of the bank • Ensured all regulatory returns of the bank • Ensured regulatory compliance and Taxation planning , administration and compliance • Ensured timely & accurately delivery of all central MIS of the bank and owner the central data base of the bank. Show less

    • CFO
      • 2003 - 2009

      • Created, coordinated, and evaluated the financial programs and supporting information systems of the company to include budgeting, tax planning, infrastructure development, and acquisition of assets. • Approved and coordinated changes and improvements in automated financial and management information systems for the company. • Ensured compliance with local and IAS, IFRS reporting requirements. • Overseen the approval and processing of revenue, expenditure, and position control documents, department budgets, mass salary updates, ledger, and account maintenance and data entry. • Coordinated the preparation of financial statements, financial reports, special analyses, and information reports. • Developed and implemented financial, accounting control process and procedures. • Established and maintained appropriate internal control safeguards. • Interacted with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations. • Ensured records are maintained in accordance with generally accepted accounting standards. • Developed and directed the implementation of strategic business and/or operational plans, projects, programs, and systems. • Analyzed cash flow, cost controls, and expenses to guide business leaders. Analyzed financial statements to pinpoint potential weak areas. • Established and implemented short- and long-range departmental goals, objectives, policies, and operating procedures. • Developed procurement and supply chain management policies of the bank. • Developed fixed assets management control system of the bank • Ensured all regulatory returns of the bank • Ensured regulatory compliance and Taxation planning , administration and compliance • Ensured timely & accurately delivery of all central MIS of the bank and owner the central data base of the bank. Show less

Education

  • The Institure of Chartered Accounts of Bangladesh
    FCA, Professional Accountant
    1995 - 1999
  • Dhaka City College
    B.Com, Business Studies
    1992 - 1994

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