Ilgar Alakbarov

Chief Financial Officer at Omnitech
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Contact Information
us****@****om
(386) 825-5501
Location
Azerbaijan, AZ
Languages
  • Russian Full professional proficiency
  • Azerbaijani Native or bilingual proficiency
  • English Professional working proficiency
  • Turkish, Ottoman (1500-1928) Professional working proficiency

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Experience

    • Azerbaijan
    • Software Development
    • 1 - 100 Employee
    • Chief Financial Officer
      • Mar 2020 - Present

    • Azerbaijan
    • Insurance
    • 1 - 100 Employee
    • Chief of Customer Services
      • Feb 2018 - Mar 2019

    • Azerbaijan
    • Banking
    • 700 & Above Employee
    • Head of Documentary Operations Division
      • Feb 2014 - Apr 2016

      Achievements:• Managed Trade Finance portfolio of USD 25 million, consisted of more than 100 customers from different industries. Restructured Trade Finance portfolio resulting in growth of profitability by 25%.• Expanded Trade Finance network from 6 to 22 banks, acquired new credit lines for USD 10 million. (New Partners: Citibank, Commerzbank AG, Credit Agricole, Unicredit, Raiffeisen Bank International, ABN AMRO).• Analyzed market and launched new Trade Finance product - Structured finance, resulting in attraction of 5 new customers with total amount of deals of USD 8 million.Responsibilities: • Increasing profitability of Documentary Operations portforlio;• Network extension related to Documentary Operations deals and acquring new credit lines;• Creation procedures for Export Credit Agency (ECA) covered transacions;• Training of Sales units related to Documentary Operations and ECA overed transacions;• Presentation of ECA covered products to customers;• Competitor and Market analysis;• Financing trade related transaction using short term loans acquired from foreign banks (without Documentary Operations products);• Staff Management within Division; Show less

    • Acting Manager of Corporate Business Development Dept
      • Jul 2011 - Jan 2014

      Achievements:Enhanced bank’s products awareness among SME customers and increased SME loan portfolio by 7%, by: • Setting up and developing Direct Sales Division from scratch. • Recruiting and supervising a sales team of 20 people. • Creating new loan products for SME customers.Responsibilities: • Creation of procedures for Direct Sales Division;• Recruiting and supervising a sales team;• Training Direct sales team;• Sales network development using partners and customers;• Market research and analysis of competitor;• Creation and Launch new loan products for SME Customers;• Creation and Launch new motivation system for bank's employees and partners; • Attraction of new customers for non loan products; • Resumption relationship with inactive or lost customers;• Creation and Launch of loyalty system for customers;• Control and support of performance of motivation and loyalty systems;• Training of branch staff for enhance of cross selling. Show less

    • Senior Specialist in Documentary Operations Division
      • Jul 2009 - Jul 2011

      Achievements: • Changed business models by targeting different customer segments and implementing new pricing strategy. As a consequence, number of application for new transactions increased by 50%. • In 2009 during crisis period focused on long term transactions and attracted new customers. This led to rise of Trade Finance portfolio by 35% up to USD 20 million. Responsibilities:• Contacting with foreign/local banks related to Documentary Operation deals, negotiating the pricing and other terms;• Issuance of Letter of Guarantees, Letter of Credits or SBLCs;• Training of staff in Documentary Operations, Setting new benchmark and target customer;• Presentation of Documentary Operation products to customers;• Consulting to customers related to Documentary Operation products;• New products analysis; • Creation of the procedures for new Documentary Operations products and Improvement of present procedures;• Prepeation of monthly, quaterly reports of Documentary Operations portfolio for senior management;• Control of the payment of commissions and interests. Show less

    • Accountant
      • Jun 2003 - Jan 2008

      Achievements: • Initiated and implemented digital transformation of bookkeeping process resulted in accounting staff reduction of 40% Responsibilities: • Preparation and submission of monthly, quarterly and annual reports; • Bank accounts management; • Liaison the tax and other authorities, controling tax compliance; • Preparation of contracts and purchase orders; • Cost estimation of company's services for participation in the tenders; • Implementation of digital transformation of bookkeeping process. Show less

Education

  • IE Business School
    Master of Business Administration (MBA), International MBA
    2016 - 2017
  • Azerbaijan State University of Economics
    MS in General Economic, Accounting and Audit
    2005 - 2008
  • The University of Birmingham
    Diploma, Money and Banking
    2006 - 2007
  • Azerbaijan State University of Economics
    BS in General Economic, Accounting and Audit
    2001 - 2005
  • Secondary school No. 236
    Honors
    1991 - 2001

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