Head of Finance and Budgeting


Last Updated: 30th July 2020 (over 2 years ago)

Address
United Kingdom

E-mail
Locked

Phone Number
Locked

Gender
Male

Age Range
25 to 34

Qualification Level
Masters

Languages
Azeri, English, Russian, Turkish

Summary

* Experienced fully qualified ACCA Member (#2671556), FMVA certified
and finance professional with a demonstrated history of working in the
banking and FMCG industry.
* Skilled in Reporting, Modelling, Budgeting, Automation, Critical Analyse and team management.
* With 10+ experience in various positions, namely in Banking and FMCG industry

Education

Corporate Finance Institute
FMVA

   Jul 2020
— Current

Have passed all courses and gained certificate

ACCA
ACCA Member, Student # 2671556

   Jan 2020

Have passed all papers

Azerbaijan Economic University
Management, MSC

   Sep 2002
— Jun 2008

Graduated with Honor Diploma

Experience

Delta Group C.O. (FMCG Industry)
Head of finance and budgeting division

   May 2020
— Current

 Responsible person for establishment of flexible budgeting model based on drivers and macro-related inputs
 Prepare model for Fixed assets valuation
 Responsible for analysis of all BAU and Business-driven cost to make interconnection with business drivers and for cost optimization ideas
 Tough collaboration with External Auditors during audit review
 Prepare “Dupont model” as Dashboard for evaluate the effectiveness and efficiency of business activity
 Establish early warning indicators for financial controls, which are review on daily basis
 Prepare working capital management model with sensitivity analysis addition
 Establish financial controls on daily basis to manage liquidity, financial risk issues
 Take a part in Development Group of ERP modules, such as fixed assets, just-in-time stock order, delivery and sales, reporting and etc.

Pashabank OJSC (Banking industry)
Senior specialist

   May 2017
— May 2020

 Responsible person for establishment of commercial planning, CAPEX and OPEX drivers and business support with internal and macro economy inputs to stakeholders via specific tailored Budgeting model during Budget Campaign
 Prepare final budgeted financial statements with relevant financial, liquidity and market risk factors
 Responsible person for automation and preparation of monthly performance report via Dashboards to Middle and TOP management (Performance divided to controllable and non-controllable parts)
 Prepared budgeting and Reforecast model for timely detection of causes of variances with business targets and make future-related proposals to hit the targets
 Prepared FTE (Full-time employed) model for automation of part of CAPEX and OPEX cost via business drivers
 Participate in focus group dedicated to improvement of internal financial controls
 Make analysis of BAU and Business-driven cost and offer regular proposals for cost optimization based on drivers taking into account efficiency and effectiveness factors. As a result, per year cost have been reduced by approx.15%
 Tough collaboration in establishing financial KPI`s which are linked to CSF`s of approved strategy and multi-national economic environment
 Participate in “ERP Project”

Expressbank OJSC (Banking industry)
Senior accountant

   Aug 2012
— May 2017

 Reduced in total approx. 25% of BAU and Business-driven cost via proposals based on deep dive analysis of drivers of cost
 Reduced approx. 10% audit fee via establishment of accounting policy in relevant to IFRS standards
 Prepare managerial, financial and IFRS reports to various stakeholders
 Responsible for establishment of internal controls to provide accurate amount, cut-off and recognition ledgers in relevant to IFRS standards

Muganbank OJSC (Banking industry)
Chief accountant

   Jan 2009
— Jul 2012

 Responsible person for establishment of precise, comprehensive accounting policy with relevance to IFRS
 Responsible person for establishment of internal financial controls
 Preparing budgeting model and relevant KPI system with additional analytical tools for supervision of business activity regarding to business targets and evaluate the effectiveness
 Reduced reporting preparing time by 40% via automation of budgeting and reporting processes
 Responsible person for preparing of managerial and financial reports
 Reduced approx.20% of BAU (Business as usual) cost via proposals based on established drivers (Inc. efficiency and effectiveness related drivers)
 Tough collaboration with External Auditors during audit review

Nikoil ICB (Banking industry)
Deputy chief accountant

   Jun 2006
— Dec 2008

 Responsible person for establishment of precise, comprehensive accounting policy with relevance to IFRS
 Preparing budgeting model and relevant KPI system with additional analytical tools for supervision of business activity regarding to targets and evaluate the effectiveness
 Reduced reporting preparing time by 30% via automation of managerial and financial statements to internal (Middle and Top management) and external stakeholders (Auditors)
 Responsible person for preparing of managerial and financial reports
 Tough collaboration with External Auditors during audit review

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