Faruk Ahammad FCA
Chief Financial Officer at United Commercial Bank Limited- Claim this Profile
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Bio
Experience
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United Commercial Bank Limited
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Bangladesh
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Banking
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700 & Above Employee
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Chief Financial Officer
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May 2019 - Present
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Prime Bank
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Bangladesh
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Banking
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700 & Above Employee
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Chief Internal Auditor
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Sep 2017 - May 2019
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Saad Musa Group of Industries
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Dhaka & Chittagong
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Group Chief Operating Officer
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May 2016 - Jul 2017
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Director - Finance
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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
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Managing Director & CEO
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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
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City Bank
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Bangladesh
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Banking
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700 & Above Employee
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CFO
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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
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CFO
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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
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Education
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The Institure of Chartered Accounts of Bangladesh
FCA, Professional Accountant -
Dhaka City College
B.Com, Business Studies