Subhi Rzayev, ACCA

Chief Financial and Operating Officer (CFOO) at Turquoise Group
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Contact Information
us****@****om
(386) 825-5501
Location
Azerbaijan, AZ
Languages
  • English Full professional proficiency
  • Turkish Full professional proficiency
  • Azerbaijani Native or bilingual proficiency
  • Russian Professional working proficiency

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Experience

    • Azerbaijan
    • Wholesale Building Materials
    • 1 - 100 Employee
    • Chief Financial and Operating Officer (CFOO)
      • Jan 2022 - Present

      • Managing the group together with CEO• Board member of Turquoise’s Central Asia and Turkey operations

    • Finance & Commercial Manager
      • Oct 2018 - Dec 2021

      • Acted as Deputy CEO• Worked on the ways and strategies to increase net profit of the business (Average Net Profit Margin: before 2018 – 8%, after 2018 – 11.7%, achieved 46% increase in net profit margins of the company)• Analyzed company performance and determined areas for improvement(Average Total Sales: before 2018 – 2.2 million, after 2018 – 4.3 million, although the whole world had tough times, we almost doubled our sales even in 2020 and kept that level since then)• Prepared quotes for main clients and managed the relations/contracts with them • Became member of the management team that determines strategies & policies of the company• Managed the staff within the finance and sales teams• Led the annual budgeting and planning process• Led the preparation of international logistics planning & strategies• Etc. Show less

    • Finance & İnternational Logistics Coordinator
      • Jul 2011 - Sep 2018

      • Supervised accounting, warehouse and sales support staff • Led the preparation of monthly, quarterly, and annual tax reports• Prepared and regularly updated company’s pricing and costing policy • Analyzed company’s financial performance and prepared internal reports accordingly• Restructured company’s internal control system and monitored it regularly• Monitored and reported on accounting inconsistencies• Prepared rolling budgets and forecasts for both regular sales and special projects• Managed international logistics and customs issues• Etc. Show less

    • Retail Investor
      • 2015 - Present

      • Trade derivative contracts (Specially working on a mathematical model for DJIA index) • Manage special saving contracts of various commercial banks (Some of them are rare and have been invested at the right time and in the right currency) • Invest in various financial instruments available in Azerbaijan • Regularly review Azerbaijan’s banking system and monetary policies • Regularly analyze Wall Street’s mid & long-term fundamental trends • Etc. • Trade derivative contracts (Specially working on a mathematical model for DJIA index) • Manage special saving contracts of various commercial banks (Some of them are rare and have been invested at the right time and in the right currency) • Invest in various financial instruments available in Azerbaijan • Regularly review Azerbaijan’s banking system and monetary policies • Regularly analyze Wall Street’s mid & long-term fundamental trends • Etc.

Education

  • ADA University
    Master of Business Administration - MBA, Business and Finance, Baku, Azerbaijan
    2022 - 2024
  • Middle East Technical University
    Bachelor of Business Administration (Honours), Business and Finance, Ankara, Turkey
    2007 - 2011
  • ACCA
    Member, Professional Certification, Accounting and Finance, London, UK
    2015 - 2018
  • Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
    Diploma in Management, Manager Training Program of the Federal Ministry of Economics and Technology, Munich, Germany
    2013 -
  • Azerbaijan State University of Oil and Industry
    Bachelor of Science, International Economic Relations, Baku, Azerbaijan
    2005 - 2006

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