S.M. Alamgir Hossan , ACCA, MBA

Experience

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  Nestlé Bangladesh Limited.

  Aug 2005 - Sept 2008

  Accounts Officer

  Key Responsibilities: Accounting Operations : Processing of payables after scrutinizing internal control issues (AP) & Customers’ Claims, Refusals and Returns and Staff bill payments, Mapping applied accounting rules and standards, master and transactional data and Preparation & collection of various schedules and split of month/quarter/annual closing (CACT, TREA & MOGE) and Monitoring & scrutinizing the TDS & VAT related activities and reconciliation with related Accounts. Specialist Services : Preparation & analysis of Treasury Report, Cash flow statement and Forward cover, planning liquidity forecasting and investment, monitoring cash management. Show less

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  Nestlé Bangladesh Limited

  Oct 2008 - Mar 2010

  Senior Accounts Officer

  Key Responsibilities: Management Accounting : Valuation & analysis of Inventory and Cost of Goods Sold, Preparation of Long & Short term strategy and Budget, Preparation & submission of reports for different business planning, strategy, query and analysis as and when required. Accounting Operations : Determination of corporate business planning cycles and reporting rules, Mapping applied accounting rules and standards, master and transactional data, analyzing impact of business, support stakeholders providing required financial evaluations to achieve sustainable and profitable growth of the Brand and Liaise with all other departments to run smooth operation. Specialist Services : Preparation & analysis of Treasury Report and Cash flow statement, planning liquidity forecasting and investment, Monitoring cash management. Show less

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  Nestle Bangladesh Limited

  Apr 2010 - Dec 2010

  Business Analyst

  Key Responsibilities:Job : F&C Project Manager of GLOBe Template Implementation (SAP).Areas : Accounting Operations, Specialist Services, Controlling and Profitability Analysis, Cost & Profit Center Accounting, Process Integration, F&C Data Management, Distribution Cost allocation module and White-Collar Cost allocation module.Others : Identifying Change impacts in business, preparation of Key Decision Documents & Standard Operating Procedures (SOPs) and Conduct Super Users & End Users Training. Show less

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  Nestlé Bangladesh Limited

  Jan 2011 - Dec 2016

  Main purpose of the job: To provide strategic decision support to Management in adherence with the Nestle Planning Principles and Processes. The job must help Management to achieve the short/long term business plans & also provide effective business partnering to drive value generation and decision support to the business to ensure differentiating strategy and flawless execution. Key Responsibilities: Business Controller-Dairy & Breakfast Cereals:• Support the Marketing team with required financial evaluations to achieve sustainable and profitable growth of the Brand and Liaise with all other departments to run smooth operation. • Facilitate the planning process (Monthly Business Planning).• Active participation in MGR/DF/MBS process and use it as a tool for performance management.• Analysis and share the business performance by comparing the actual vs. plan to marketing, management and Region.• Selling price management.• Support I&R and Operational Excellence initiatives.• Take action on Value Destroyers and SKU optimization.• Benchmarking within and outside Nestle.• Support the related capital investments with financial evaluation.• Pre and Post evaluation of promotion (consumer/trade)• Preparation of product wise monthly P&L and reports for actual closing.• Liaison with the Regional Controller • Assisting the Finance team in any other non-routine responsibility.Management Accounting: • Actual Product profitability, Preparation of Long & Short term strategy and Budget, Preparation & submission of reports for both internal & external use.• Preparation of Product wise P&L & report in different format to local/region including S-7, I&R etc• Perform actual closing in SAP.SAP Super user: • Treasury, COPA & Fixed Assets Module. Also Assist Sales and Marketing team to create & execute the activities in SAP. Show less Key Responsibilities:•Supervise the preparation of annual capital budgets and periodic reports which include Projects and Capital Purchase for all the ventures with ensuring their accuracy and conformity with the Accounting procedure and other management's directives.•Review budget proposals along with justification in consultation with respective business controller prior to submission to South Asia Region and recommends amendments as appropriate. Reviews budget contents and details in collaboration with Department Heads, provides suggestion and guidance and recommend the necessary amendments.•Participate in the evaluation process of the submitted quotations of suppliers & service-providers with respect to capital expenditure in discussion with strategic buyers and operational buyers and provide guidance to procure at optimum cost.•Control the appropriation of sanction budget funds to ensure that appropriate budgetary control is exercised and supervise the proper control of the Accounting activities of Assets and Capital Purchases.•Create and improve Capex planning, reporting and controlling tools, financial models and applications (e.g. SAP PS) while enforcing standards, policies and procedures for the Group and leveraging best practices.•Ensure that project manager puts control measure into place to prevent operating losses resulting from any type of breakdowns of the projects.•Establish internal control especially on procurement, asset management & expenses.•Work closely with South Asia Region Treasury to find out the optimum source of financing from Intra Group Loan or Local Currency Loan for planned investment if required.•Evaluation of Financial Structure for new investment based on financial analysis.•Producing forecasts of cash flow based on economic conditions for use in making investment decisions to maximise the shareholders’ wealth & facilitating monthly cash forecasting for Treasury Report. Show less

  • Business Controller-Dairy & Breakfast Cereals

    Jun 2013 - Dec 2016

  • Project Analyst

    Jan 2011 - May 2013
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  Nestlé Bangladesh Ltd

  Jan 2017 - Apr 2021

  Business Controller-Infant Nutrition

  Main purpose of the job: Providing insight and strongly supporting a fact based decision making process based on current business environment and specialized financial expertise & knowledge by challenging new strategies & new projects as well as the status quo. Key Responsibilities: • Responsible for short term and long term planning of Infant Nutrition, Bangladesh and associated all types of budgeting and costing. • Support the business with required financial evaluations to achieve sustainable and profitable growth.• Analyze product portfolio to identify cost optimization opportunities with SKU optimization, eliminate Value Destroyers, drive Lean Value Stream and maximize the return on investment from trade and product fixed marketing expense (including revised pricing structure/prices) and from the capital asset base in order to prioritize resources allocation.• Play a key role in formulating business strategy in line with regional strategy and corporate strategic thrusts by adding valuable financial input and help the leadership team to implement the business strategy.• Steering the business operations and performance through proactive MIS e.g., analysis and share the business performance by comparing the actual vs. plan to business, management and Region.• Support Business I&R pipeline and Operational Excellence initiatives as well support special projects: M&A, Sourcing and Restructuring.• Promote use of external & internal information for benchmarking• Evaluation of capital investments and support invested capital analysis and reporting.Management Accounting: • Actual Product profitability, Preparation of Long & Short term strategy and Budget, Preparation & submission of reports for both internal & external use.• Preparation of Product wise P&L & report in different format to local/region including S-7, I&R etcSAP Super user: • Treasury, T&E, COPA & Fixed Assets Module. Show less

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  Nestlé Bangladesh PLC

  May 2021 - now

  Head of Financial Accounting, Reporting and Treasury (Sr. Manager)

  Main Purpose of the Job is to ensure accurate, timely, efficient and compliant financial reporting process including coordination of period-end closing activities, management and group reporting, including Statutory, in accordance with IAS/IFRS and NAS (Nestlé Accounting Standards). As Head of Internal control, main objective is to ensure compliance with guidelines and internal control.As Head of Treasury, main objective is to ensure treasury best practices across Nestlé Bangladesh Ltd., optimize Net Financing Cost, management of Forex risk, responsible for funding strategies, debt/liquidity management, bank and regulator relationships, optimal capital structure; Enterprise Risk Management – Raise risk awareness, identify and track risks early and ensure sound decisions to mitigate risks and ensure implementation of ERM across the company. Show less