Nawed Wahed Asif

Experience

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  Bank Asia Ltd.

  Dec 2002 - Jan 2007

  Relationship Officer/ Credit Analyst

   Appraised Credit Proposals with Lending Risk Analysis, Preparing Financial Spread Sheet & Credit Risk Grading for appraisal of borrower’s credit worthiness including issuance of sanction advice, ensuring complete Documentation, effecting Disbursement, Monitoring & Recovery.

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  Grameenphone Ltd

  Jan 2007 - Apr 2016

   Managed the entire Financial Planning and Analysis process of the divisions People and Organization, Corporate Affairs, Sourcing, Internal Audit and Mobile Financial Service  Provided financially informed analytical support, understanding the financial and accounting impact of business processes, and evaluating current and future business activities. Ensured transparent communication, seamless engagement & continuous support between Finance & the other Divisions.  Supported the decision making process of formulating and managing divisional financial targets, preparation of budget and allocation of divisional resource to achieve corporate target Assisted the respective divisions in the formulation of yearly opex and capex budget and regular follow up on the variance between actual and budget.  Revenue, Region, Channel, performance analysis for the Mobile Financial Service business.  Supported the business units and their decision making by providing ad-hoc and regular analysis like Driver- Based performance analysis, cost analysis, performance dash board and trackers. Assisted in the formulation of Business Plan/targets for near term and long term for Mobile Financial Service.  Created financial awareness and brought financial visibility through performing monthly/quarterly Business Review with Divisional Management team. Supported in establishing a control and compliance environment and thereby managing business risk.  Worked as the Financial Analyst for Warehouse relocation project which yielded $4 million OPEX savings in 5 years.  Led operational savings initiatives from 2014 till 2016 which resulted in yearly OPEX savings of around $1 million. Show less  Managed long-term debt portfolio of $420 million and short-term debt portfolio of $250 million including reviewing loan agreements to ensure corporate transactions comply with loan agreements and monitoring compliance with covenants under loan agreements. Managed liquidity for annual cash collection of $1.50 billion including maintaining banking arrangements and counterparty risk.  Assisted the Head of Treasury with corporate finance, treasury management and operations including financial risk identification and management to ensure effective and efficient running of the Treasury Department within Treasury SOP, values, vision and risk tolerance limits.  Managed liquidity through weekly/monthly/quarterly cashflow projections for the purpose of determining funding needs or investment opportunities.  Managed the investment portfolio of the company in line with the company policy. Scoped and arranged Financing Alternatives including Long Term, Short Term, Debt and Capital Market instruments in line with company strategy. Formulated and recommended to the Board and the Management on the Capitalization structure and Financing Policy of the company.  Evaluated and established Cash/ Fund Management systems/ processes. Projects and milestones achieved during this period;  Raised USD 345 million in long term debt from Banks and Multilateral Agencies for expansion of 4G network infrastructure.  Project lead for implementation of host to host connectivity with Banks through the SWIFT network for efficient Cash management solution resulting in reduction in turnaround time for Banking transactions and Bank reconciliation. Collaborated with A/P and A/R teams to streamline, develop, and coordinate processes to improve efficiency in collections and payments by reducing the number of collection points from 19 to 4 and the turnaround time by 2 days. Show less

  • Manager FP&A: Business Performance Mgt.

    Mar 2014 - Apr 2016

  • Manager/ Senior Analyst/ Analyst: Corporate Finance & Treasury

    Jan 2007 - Mar 2014
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  IPDC Finance Limited

  Aug 2016 - Aug 2019

  Senior Manager

   Understand, manage, and supervise all aspects of cash flow of the company including performing daily/monthly/quarterly cash flow projection for the purpose of determining funding needs.  Supervised a team of five in Treasury Department and managed day-to-day internal treasury activities including a portfolio of $100 MN in liquid assets and $242 MN in term liabilities in line with the company policy and within Risk tolerance limits. Analyzing and arranging cost efficient Financing solution including long and short-term Debt and issuance of Capital Market instruments.  Analysis of the Asset/Liability structure and provide insight and strategic direction to the business units.  Formulate treasury policy and ensure strict adherence to Regulatory and Internal guidelines. Bank and stakeholder management. Managed a team of nine in the Finance department as Acting CFO from Apr’19 till Aug’19 with responsibility for full financial compliance and management, financial and statutory reporting in line with internal policies, IFRS and Bangladesh Bank guidelines.  Projects and milestones achieved during this period:  Coordinated with the Operations team to gain payment efficiency by re-engineering workflow and implementing technology solutions by reducing the number of payment banks by 30% and associated expenses.  Raised $ 42 million through issuance of Subordinated and Zero-Coupon Bond and Long term loan.  Introduced new service of providing Trustee function generating revenue of $153K every year. Show less

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  CHSP FINANCIAL SERVICES

  Jan 2021 - Apr 2021

  Benefits Advisor

   Acted as a trusted advisor helping clients manage the risks of their everyday life by educating them about potential gaps in their insurance coverage.  Met new business production goals by acquiring new business via telephone, networking, and working other lead sources. Strict adherence to provincial laws and company policies regarding insurance premiums, claims, and policy declinations/non-renewals.

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  The Royal Astronomical Society of Canada (RASC)

  Sept 2023 - now

  Finance and Office Manager

   Managing accounts receivable and payable, invoicing, billing and staff payroll. Conducting weekly bank deposits, account reconciliation and managing foreign exchange transactions in US currency. Preparation of the monthly, quarterly, and yearly financial statements with analysis of variance between actual and budget.  Assisting the Executive Director in preparation of annual audit, quarterly HST returns, Budget preparation, Annual General Meetings, and meetings of the Board of Directors. Acting as a senior point of contact for the public centres and members Liaise with external accounting and audit firms, CRM software providers and third-party suppliers/service providers. Show less