Mir Asraful Islam FCMA, CGMA

Chief Financial Officer at Sindabad.com
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Contact Information
us****@****om
(386) 825-5501
Location
Bangladesh, BD
Languages
  • English Native or bilingual proficiency
  • Hindi Limited working proficiency
  • Bengali Native or bilingual proficiency

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G M Kamrul Hassan

He is brilliant. He is fantastic in professional acumen. He has good good leadership skill as well

AB Consultancy Ltd.

Mir Asraful Islam FCMA is the go-to person for conflict resolution and problem solving and sound financial professional . He’s positive attitude and the respect others feel toward him are palpable.

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Experience

    • Bangladesh
    • Retail
    • 100 - 200 Employee
    • Chief Financial Officer
      • Apr 2020 - Present

      Leading B2B e-commerce company by local and foreign investment approx 400 crores annual turnover, working with a vision of becoming the one-stop solution for all the sourcing requirements of a Corporate, Industrial, SME, and Retail.-Prepare and explain business forecasts and targets, identify and report what areas of a company are most efficient and how the company can capitalize on this information. Help Management team to prepare future action plans based on the deviation of Target Vs Actual-Responsible for presenting and reporting accurate and timely historical and current financial information of the company for all stakeholders in the company including shareholders, analysts, creditors, employees, and other members of management relies on the accuracy of this information with local and foreign investors. -Daily fund management, Cash flow projections, arrangement of Financing from Bank, NBFI, and equity investors. Preparation and arrangement of an Investor pitch deck for next round financing for local and foreign potential investors. Arrangement of Bank and NBFI financing as per business plan.-Established financial reports dashboards, financial statements, Scorecards to understand the different trends, . Support CEO and CTO for the development of IT efficiency projects.-Improving Organizational Overhead Costs in line with industry peers. Ensure operational cost efficiency in the functional areas. -Strong follow up of Credit sales, Credit limit set and approval and collection, Overdue analysis. Help sales team to recover overdue by analyzing different scenarios.-Work with local government offices to facilitate permissions, certificates work permits, TAX and VAT documents including customs and import/export processes. Able to devise and implement plans to mitigate the risk for a smooth process. -Presentation of the financial part to all investors, arrange board meeting and circulate minutes of the meeting & RJSC works.

    • Sweden
    • Machinery Manufacturing
    • 700 & Above Employee
    • Business Controller- Bangladesh
      • Jun 2013 - Mar 2020

      Reviewed and analyzed of financial results and scorecards of operations and perform ad-hoc analysis on key performance indicators with the development of supporting tools and reports in accordance with Atlas Copco division and local statutory practices.- Supported General Management in making effective business decisions by interpreting financial reports and other alternative courses of action.- Reviewed, monitored, and controlled the planning process for financial targets and goals. Pro-active review and follow-up of business trends and analyze deviations from the plan.- Supported the management in achieving efficient processes by reducing debt, overdue Receivables, forecasting foreign Exchange transactions, Zero Service Variance, Identification of slow moving stock and redundant stock .- Evaluation of Capital Investment by using the Investment database of Atlas Copco, and Long term Contracts and acquisitions.- Pro-active raised ‘red flags’ to operational and /or holding management whenever compliance with sound business principles is at risk.

    • Bangladesh
    • Motor Vehicle Manufacturing
    • 100 - 200 Employee
    • Head of Finance
      • Oct 2011 - Jun 2013

      - Introduced and managed a new ERP system of generation of invoices of directly from the Producing plants in place of marketing units which eventually resulted in a reduction in the AR cycle by 15%. - advised and assisted the COO in cost control in the projects. To identify areas and projects for potential cost reduction and establish an efficient budgetary control system.- Developed & drove the Business planning process of SBU so that all functional activities work towards clear and consistent strategies with short and long term issue which improve shareholder value.- Set Finance Department long, medium, and short term goals and objectives in the line with Group.- Ensured adoption and adherence to Rahimafrooz Group standards, norms, and practices. Manage the performance of the department including effective use of performance indicators.- Reviewed the investment projects and EVA optimization, identified and take into account all financial aspects induced by investment projects.- Ensured effective working capital management of both SBU and monitoring the inventory and advances on a month-to-month basis for reduction of Working Capital.- Followed up of OPEX and CAPEX budget spending and Variance Analysis and assess the relevance of Variance interpretation.- Reviewed and submitted all required Management Reports and Financial Analysis and ensure timely submission and recommendation to the GCFO and CIC Srilanka.

    • Bangladesh
    • Real Estate
    • 400 - 500 Employee
    • General Manager - Finance & Reporting
      • Oct 2009 - Oct 2011

      - Identified and reported long-term issues that may impact the organization. Assessment of business/ financial risk and remedial recommendation to management. -Improved the planning, follow-up and decision processes linking to supply chain management. Reviewed and Finalized Monthly, Quarterly & Yearly Financial reports and give an explanation of the report to Management in the meeting.- Analyzed of Financial reports, Business trends, Financial exercises of New Investment Opportunities. - Designed and implemented controls systems and procedures for monitoring overhead costs and expenses. Head office Overhead Budget & Budget Variance Report. - Consolidated & Project wise Financial Performance Analysis. - Corporate Tax Planning, TAX Accounts Finalize and Ensure submission of TAX return of Directors, Companies & collect Assessment order, Attend hearing as and when needed.- Regularization of issues with RJSC for annual return, capital increase and collect certified copies of all Schedules & Forms.- Secretarial Activities for IPO (Initial Public Offering) for Capital rising.

    • Bangladesh
    • Real Estate
    • 200 - 300 Employee
    • Assistant General Manager -Accounts & Reporting
      • Jun 2007 - Sep 2009

    • Textile Manufacturing
    • 100 - 200 Employee
    • Senior Finance Manager
      • Jun 2007 - Sep 2009

Education

  • The Chartered Institute of Management Accountants
    CIMA UK
    -
  • Institute of Cost and Management Accountants of Bangladesh
    FCMA
    -
  • National University | Bangladesh
    Master’s Degree, Business, Management, Marketing, and Related Support Services
    -
  • National University Bangladesh
    Bachelor’s Degree, Business/Commerce, General
    -
  • Training & Conferences ( National & International )
    -

Community

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