Md. Saiful Islam

Experience

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  Globe Pharmaceuticals Group

  Apr 2002 - Mar 2004

  Audit Officer

  • Verify cash book, subsidiary ledgers, loans, salary records, sales collections, outstanding items, and stock registers. Monitor depot, office, and factory stocks, calculate C/C A/C interest.

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  Al Amin Group

  Apr 2004 - Mar 2013

  Manager (Finance & Accounts)

  • Spearheaded the integration of a comprehensive Accounting and Financial Reporting System within ERP software for the FMCG industry, streamlining operations and internal control adherence.• Managed seamless integration of modules (Inventory, Production, Sales, Purchases, Assets, General Ledger) for efficient processes and industry compliance.• Developed & implemented a Costing Module in ERP, aligning practices with organizational guidelines.• Directed the preparation of financial statements, cash flow forecasts, and segmented reports, ensuring compliance with BASs & BFRSs for critical insights in management decision-making.• Managed day-to-day financial transactions including accounts receivable, payable, bookkeeping, and payroll processes with a focus on accuracy and efficiency.• Collaborated on financial policies and strategies, conducting analyses on variance, break-even points, and profitability, facilitating informed decision-making and strategic planning. Show less

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  Bengal Group of Industries, Bangladesh

  Apr 2013 - Nov 2017

  Senior Manager & HOD (Accounts & Finance)

  • Led comprehensive accounts & finance operations for multiple entities, overseeing Romania Food & Beverage Ltd., Linnex Electronics (BD) Ltd., & Linnex Technologies Ltd.• Managed commercial facets for Romania Food & Beverage, handling 40 SKUs across biscuits, beverages, snacks, and confectionery, effectively monitoring a doubling of business volume.• Introduced budgeting, precise product costing, pricing strategies, and profit/loss analysis, resulting in streamlined financial statements generated quarterly, semi-annually, and annually.• Automated product operations, reducing process loss from 12% to 8% and ensuring ERP accuracy.• Achieved a 15% reduction in overtime & optimized inventory through improved forecasting methods.• Implemented cost-saving measures, reduced overstock, and negotiated better terms, lowering bank interest and L/C opening charges.• Led a team in acquiring land worth BDT 10 crore in Hobiganj and orchestrated SOP implementation.• Secured substantial loans with reduced interest rates for key ventures, totalling BDT 115 crore, and strategically shifted to long-term loans to decrease liabilities.• Enhanced distribution efficiency, ensuring 48-hour product delivery, and established 8 new depots, cutting distribution costs by 1.5%.• Implemented in-house manufacturing for Linnex Electronics (25 SKUs) and revamped financial systems for both Linnex Electronics and Linnex Technologies (10 SKUs) for enhanced efficiency.• Negotiated reduced prices for raw materials & packaging supplies, driving substantial cost reductions. Show less

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  Uttara Group of Industries

  Dec 2017 - Dec 2020

  Head of Finance & Accounts

  • Orchestrated annual business plans, yearly budgets, and SOP implementation, optimizing operations for enhanced efficiency.• Recouped BDT 25.80 million from various banks, rectifying excessive interest and bank charges.• Secured significant loans totaling BDT 12,500 million, introduced monthly accounts with variance analysis, and refined product costing strategies for improved profitability.• Managed operational activities effectively, overseeing a field force of at least BDT 2.5 lac, while aligning targets with Travel and Daily Allowance bills. Show less

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  MUNSHI

  Dec 2020 - Jun 2023

  Group Head of Finance & Accounts

  • Developed Annual Business Plan, yearly Budget, aligning strategies & ensuring financial accountability.• Established SOPs, updated product-wise costing, and managed loan of BDT 520 million for financial stability.• Managed twofold business growth, reduced process losses by 4%, and minimized overstock by 10%.• Produced accurate financial statements, streamlined operations for cost reduction, and negotiated reduced bank rates and L/C charges.

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  PROME Group

  Jul 2023 - Apr 2024

  Group Head of Finance & Accounts

  • Implemented comprehensive SOPs, enhancing overall operational efficiency.• Analyzed and finalized updated product-wise costing, improving profitability.• Secured a BDT 435 million loan for strategic growth.• Introduced monthly accounts with budget variance analysis for improved financial oversight.

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  Renowned Group

  May 2024 - now

  Group Chief Executive Officer

  • Provided strategic leadership and direction to the company, overseeing all operational, financial & administrative function to ensure sustainable growth and profitability.• Collaborated with the board of directors to establish long term goals, developed key partnership and represented the company to stakeholders