Mahmudul Choudhury, Finance Lead (CFO)

Mahmudul Choudhury

Finance Lead (CFO)

Jeeon Bangladesh Limited

Location
Bangladesh
Education
Master's degree, Finance & Accounting
Experience
35 years, 4 Months

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Work Experience

Total years of experience :35 years, 4 Months

Finance Lead (CFO) at Jeeon Bangladesh Limited
  • Bangladesh
  • My current job since January 2019

Strategic planning, analytical reports with findings and recommendations, Managing and leading finance and accounts teams and related processes, legal and company secretarial affairs, supporting other functions, among others with commitments to business transformation.


 KEY CONTRIBUTIONS/ ACHIEVEMENTS:
 Built comprehensive financial models and projection system with explicit key business assumptions and validated in google sheet
 Prepared and presented monthly financial review reports, including budget vs Actual comparison with commentary, cash flow, business trend with recommendations and going forward strategies in google apps
 Designed and implemented transparent internal financial and real-time expense tracking systems
 Maximize margins/ returns on commercial ventures under e-commerce platforms, and also on cash assets through sound investment decisions
 Ensured Legal Compliance of the company (VAT, TAX payment, Tax clearance and assessment, updating legal documents, reporting, investor expectations, etc.)
 Maintain a relationship with the external and internal auditors
 Set goals and objectives, and designed framework for these finance KPIs to be met
 Developed strategies on boosting sales and income and credit recovery
 Played advisory roles, and provided strategic recommendations on financial issues
 Managed stakeholders and company secretarial, tax and legal matters

Managing Partner at PANTHONIR & KUNJO CHOYA PROJECTS
  • Bangladesh
  • May 2016 to December 2018

Developed own real estate business using inherited landed property at Sapahar Upazila, Naogaon district under personal capacity/ ownership. I shared/ presented my idea/ proposal on a new business/ revenue modelling, cost structure and profitability to the stakeholder/ family members. They accepted and gave me power of attorney (PoA) based on which two projects, namely, Panthonir (51 plots) and Kunjo Choya (26 plots) were developed under my leadership. I used urban housing concept on designing projects (plots) to attract buyers; new features/ facilities, include, but not limited to plot design with provision for roads, play grounds, mosque, school (Panthonir). The second phase of Panthonir with 8 plots are also ready for sale.

 KEY CONTRIBUTIONS/ ACHIEVEMENTS:
 Contributed to earning profits for family members through cash investments
 Alternate source of income generation for my family in absence of regular job
 Learned converting new business idea into profitable projects
 Secured family members from loss of landed property which were threatened

CFO & Company Secretary at BRACNet Limited
  • Bangladesh
  • December 2014 to April 2016

Contributions/ Achievements as CFO:
Provided leadership and management of Finance and Accounting functions; Contributed to earning profits and increasing value of assets, Maximized income through changing investment Portfolio, Developed strategies on boosting up sales and retaining customers, Enhanced collections of outstanding accounts receivable, Linked finance with other departments; built finance business partnership, Played advisory roles, and making strategic recommendations, among others.

Contributions/ Achievements as Company Secretary:
Played strategic and innovative roles on getting proposals approved by the Board, Provided leadership on developing policies, plans, budgets, strategies, and all other relevant working papers for the Board, Contributed to implementing Board decisions to achieve intended results, etc.

COUNTRY FINANCIAL CONTROLLER & COUNTRY MANAGER at RELACOM (BANGLADESH) LTD
  • Bangladesh
  • June 2005 to November 2014

Set up business operations in Bangladesh, and building sales, finance, HR, Admin, procurement, Logistics teams, systems, reporting, sales and project management.

 KEY CONTRIBUTIONS/ ACHIEVEMENTS:
 Created highly dynamic work environment that facilitated performance
 Ensured all reporting requirements of local and home office in time
 Developed strategic business plan with budget and presented to corporate
 Increased sales, minimized costs transformed company to a profit earning entity
 Linked all departments and implemented projects smoothly with regular monitoring
 Resolved all audit and tax issues, and managed customer complaints timely

Director Of Finance at IUCN – THE WORLD CONSERVATION UNION
  • Bangladesh
  • December 2000 to May 2005

Managing functional processes relating to finance, HR and Procurement and provided leadership to the teams for smooth back-office operations aiming at targeted results.

 KEY CONTRIBUTIONS/ ACHIEVEMENTS:
 Created high performing back-office teams and managed performance
 Ensured positive cash flow for smooth implementation of project activities
 Interfaced with donors and expedited disbursements of grants
 Monitored cash flow projections with special focus on controlling payments
 Contributed to converting opportunities into active Projects and mobilized resources
 Linked back-office with all departments for smooth operation of functional activities
 Ensured all reporting requirements within deadlines, audit readiness and taxation
 Provided advice on the area of concern with strategic recommendations

FINANCE MANAGER (CFO-BANGLADESH) at IBM WORLD TRADE CORPORATION
  • Bangladesh
  • April 1994 to November 2000

Managing processes relating to finance, HR and Procurement and leading teams for smooth back-office operations aiming at targeted results, interfacing with Sales and Services teams, regional and corporate contacts, contributing to increase efficiency, sales and profitability and to minimize costs

 KEY CONTRIBUTIONS/ ACHIEVEMENTS:
 Negotiated and established strategic import finance and improved liquidity
 Resolved issues relating to Account Receivables, tax, audit and employee morale
 Ensured all reporting requirements in time with analysis and commentary
 Played focal point roles on business planning, budgeting and monitoring
 Supported on developing business proposals, costing, pricing and also negotiations
 Increased profitability, minimized costs and ensured internal controls

CONTROLLER OF BUDGETS & ACCOUNTS at INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE (IFPRI)
  • Bangladesh
  • January 1989 to March 1994

Contributing to smooth implementation of program activities with financial support. Interfacing with Donor, Home Office and other stakeholders and a member of senior management team

 KEY CONTRIBUTIONS/ ACHIEVEMENTS:
 Linked finance with other departments and ensured smooth operations
 Developed budgets and monitored actual expenses against budget lines
 Established robust internal control system and minimized costs
 Ensured timely reporting to Donor and also to Home Office in USA
 Ensured compliance of policies, local laws and passed Donor reviews
 Provided advice on area of concern with strategic recommendations

Education

Master's degree, Finance & Accounting
  • at IBA, Dhaka University
  • December 1988

Financial management, including basic courses of MBA program

Specialties & Skills

Strategic Leadership
Internal Controls
Financial Reporting
Financial Systems Implementation
Accounting and Finance
Financial and Accounting Management

Languages

English
Expert

Memberships

ICMA, Bangladesh
  • Fellow Member (No. 0326)
  • November 2000

Training and Certifications

Managing in the Blue (Training)
Training Institute:
IBM India Pte Ltd
Date Attended:
December 1999
Duration:
40 hours
Managing in the Blue (Training)
Training Institute:
IBM India Pte Ltd
Date Attended:
December 1999
Duration:
40 hours
Workshop on Financial Planning and Budgeting (Training)
Training Institute:
IBM Thailand Pte Ltd
Date Attended:
June 1998
Duration:
40 hours
New Manager's & Leader's School: 96-2 (Training)
Training Institute:
IBM Singapore Pte Ltd
Date Attended:
March 1996
Duration:
48 hours
FCMA (Certificate)
Date Attended:
November 2000

Hobbies

  • Internet Browsing and Reading
    Internet Browsing Update professional knowledge during weekends/ holidays using internet websites Sports - Play badminton during leisure time Reading magazines/ Listen Music - Read magazines and listen to musics during leisure time