Md Saiful Islam

Corporate Strategy Consultant

Mobile: 01624861408


 Area of expertise:

 ERP Implementation

  • QuickBooks online/ Xero/ Wave/ Sage Peachtree and other Cloud-based accounting systems
  • Business Process Audit
  • Business Process Re-engineering (BPR)
  • Cost and Management Audit
  • Internal Control Assessment and finding the weaknesses
  • Preparing Short-term Business plan
  • Preparing Long-term Business Plan based on historical trend and upcoming events
  • Construction of Financial Distress Predictive Models using IBM-SPSS Software.
  • Financial Feasibility Study for start-ups
  • Scenario planning and strategic response
  • New Venture Definition and Business Plans
  • Construction of Market Specific Financial distress Models
  • Project Management

Academic Qualifications:

Master of Business Administration (MBA) in Finance
University of Leicester, UK with First Class, Marks: 72% in 2014

Thesis title “Predictive capability of financial ratio for forecasting of corporate bankruptcy”.

  • SC from University of Dhaka in 1990

Professional Qualifications:

  • CMI-Level 7 Certificate (Strategic Management and Leadership Program) from Chartered Management Institute, UK in 2017.
  • CIMA DIP MA (CIMA Diploma in Management Accounting) from Chartered Institute of Management Accountants, UK in 2016.
  • CMA (Certified Management Accountant) from Institute of Certified Management Accountants of Australia in 2007.
  • CMA (Part Qualified) from Institute of Cost and Management Accountants of Bangladesh in 1997.

Working Experience

 Name of the Organization: SAM & Associates Ltd, Dhaka, Bangladesh

Company Profile: SAM& Associates is a renownedCost and management consultancy firm in Bangladesh specialized in Business Process Outsourcing (BPO), Digital Transformation, ERP Implementation partnership, Business Advisory services, Taxation consultancy, IT Consultancy.

Designation: Senior Consultant (Corporate Strategy) (November 2019 – Present)

Client Advisory Responsibilities: -

  • Business Process Outsourcing (BPO)
  • QuickBooks/ XERO/ Sage Peachtree and others cloud-based Accounting system consultancy
  • Virtual Working Environment consultancy
  • Digital Transformation
  • ERP Implementation partnership
  • Business Advisory services
  • VAT/ Tax consultancy
  • Corporate Valuation

Name of the Organization: LSF & Co. Management Consultancy, Dhaka, Bangladesh

Company Profile: LSF & Co. is a leading management consultancy firm in Bangladesh specialized in Business Advisory services, Taxation consultancy, IT Consultancy, Executive Education, Cost and Management Audit.

Designation: Corporate Strategy Specialist (Apparel & Textile Sector) (May 2019 –October 2019)

Business Development Projects:-
Knit Concern Apparel Group, Godnail, Narayongonj (100% export oriented Apparel manufacturer).

Client Advisory Responsibilities: -

  • In depth analysis of Production efficiency and identifying raw material (Yarn, GREY Fabric, Dyeing Chemicals, Finished Fabrics, Accessories) waste leakage points.
  • Comparative analysis of Production capacity and actual capacity.
  • Benchmarking of business processes (Production Process, Operating Process, Logistics Process etc) with the Apparel & Textile industry best practices.
  • Advising on necessary measures to bridge the Gaps between the industry standard and existing practices.
  • Identifying the manufacturing process and department KPIs.
  • Identifying the Manufacturing process wastage points and setting up of accountability measures.

 Name of the Organization:National Investment Corporation, Abu Dhabi, UAE

Company Profile: National Investment Corporation is a semi-government organization owned by a prominent Royal family of Abu Dhabi. The group business interest includes construction, maintenance and operations of Commercial Real Estate, High-end shopping centers, Five-star Hotels, Health clubs.

Designation:Chief Accountant (Aug’2006 to May’2019)

Job Responsibility:                                                                                         

  • Managing & supervising of accounting information system.
  • Review and analysis of the departmental financial performances & generating & submitting reports.
  • Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; developing action plans.
  • Monitors financial performance by measuring and analyzing results.
  • Review Tax transactions and ensure correct allocation of respective transaction as per tax codes.
  • Ensure Tax details reports are in compliance with the Federal Tax Authority (FTA) regulations.
  • Maintaining Liaison with banks and financial institutions.
  • Supporting and Year-end Audit Program.
  • Supporting External Auditors for Interim Audit & also the internal auditors.
  • Coordinating with other departments for facilitating cross departmental functions.
  • Review supplier contracts to ensure legal and company policy compliance.
  • Supervise accountants to prepare internal reports related to Revenue, Expense, Fixed Assets, Payable, Receivables, Payroll, Service contracts.
  • Ensure payments and commitments are executed in accordance with payment terms of contracts, authority matrix and company policy.
  • Preparation and compilation of yearly budget, monthly and quarterly& mid-year financial forecasts.
  • Train team members on Tax regulations, Accounting Standards compliance, MS Dynamics GP (Accounting System) functionality, FRX (Reporting tool) functionality.

Major Achievements:

  • Reduced Project cost and optimized project duration by applying project management methodology for Capital Expenditures& Collaborating with Banks for project finance and financial facilities.
  • Minimized revenue loss by Introducing Fast on boarding and clearance process for the merchants.
  • Successful Implementation of Micro Soft Dynamics 365 (ERP System).
  • Served as a key member during ERP System Installation work.
  • Implementation of CRM to optimize customer relationship and revenue collection.
  • Formulated Departmental Strategies & implemented several cost reduction techniques.
  • Reduced Accounts Receivable from AED 100 million to AED 40 million.
  • Disbursing & Monitoring Budget for mega projects with approximate value of AED 4 billion.

Name of the Organization: ADCOMGroup Limited, Abu Dhabi, UAE

Company Profile: ADCOM Manufacturing Group is a Government controlled manufacturing facility with business interest in manufacturing of Military equipment including UAV (Unmanned Ariel Vehicles), Small arms, Armored military vehicles, etc.

 Designation:Senior Accountant(February 1998 - July 2006)

Responsibilities and Major Contributions: -

  • Implementation of Project /Contract Profitability analysis, Project wise costing & cash flow forecast.
  • Supporting External Auditors for completion of year-end and interim Audit programs.
  • Set up and administer accounting systems & Design & implemented Computerized accounting system.
  • Examine financial records and transactions & Ensured accuracy & compliance to accounting standards.
  • Review general ledger, subsidiary ledgers and reconciliations on a monthly basis.
  • Ensure monthly management reporting is done within agreed time frame.
  • Analyse& prepare financial statements and reports & Compile annual budgets and quarterly forecasts.
  • Provided information on financial status by preparing special reports such
as weekly & monthly sales report and monthly operational expenses status.
  • Prepared transaction flow chart and documentation procurement process, Leasing Process, Payment Process, Review general ledger, subsidiary ledgers and reconciliations.
  • Designed Financial reporting template and introduced new analytical reports as per higher management requirement

Name of the Organization: AMCO Fashions Ltd. (A 100% Export oriented Garments and Apparel Manufacturer) Dhaka, Bangladesh

Designation : Financial Accountant (August 1996 - January 1998)

Responsibilities: -Recording Transactions, Bank Reconciliation, Payment Processing, Staff Payroll processing, Financial Management, Financial Reporting.

 Specialized Computer and Technological Skills:

1) Zendesk, Citrix, Dropbox, Google Drive, SharePoint, and other communication tools.

2) QuickBooks, Microsoft Dynamics 365, XERO, Sage 50cloud Accounting Systems.

3) Uploading mass transactions/ yearly budget in Accounting Systems from MS Excel or CSV files.

Soft Skills: Public Speaking, Leadership, Negotiation, Persuasion

Language: Fluent in Bangla and English