Profile of Mohammad Zahid Hossain

FCA (Bangladesh), ACA (England & Wales), ACMA (UK), CGMA, CPA (Aust.)

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Apt # B3, “Six Season Park”, House # 48, Road # 15, Block # D, Banani Model Town

Dhaka-1213

Bangladesh

Phone# +88-01613334899, 01713334899 (mobile)

+880-2-9821597 (home)

Email: [email protected]

·         Date of Birth                           1st January 1972

·         Residence Status                  Residence of Bangladesh, Citizen of Bangladesh

Ø  CAREER EXPERIENCE:                                      22 YEARS

Ø  EXPERIENCE AS HEAD OF FINANCE:           20 YEARS

Ø  POST QUALIFICATION EXPERIENCE:           17 YEARS

With comprehensive experience in

Ø  STRATEGIC FINANCIAL PLANNING

Ø  GENERAL ACCOUNTING COMPLYING IAS, IFRS & ISA

Ø  BUSINESS VALUATION AND RAISING FUNDS

Ø  WORKING CAPITAL MANAGEMENT

Ø  TREASURY MANAGEMENT

Ø  BUSINESS ANALYSIS

Ø  DIRECT & INDIRECT TAXATION

Ø  BUDGETARY CONTROL

Ø  CORPORATE RISK MANAGEMENT

Ø  PROCESS OPTIMIZATION

Ø  FINANCIAL & STATUTORY REPORTING

Ø  COST CONTROL PROGRAMS

Ø  ADVISORY SERVICES

Ø  TECHNICAL PROPOSAL

Ø  SECRETARIAL, LEGAL AND COPRORATE AFFAIRS

Ø  AUDIT SUPERVISORY SERVICE

Ø  BUSINESS PLANNING

Career highlights: Comprehensive experience in the Selling & distribution, warehousing of Pharmaceuticals & healthcare products and FMCG products, manufacturing of FMCG, automotive batteries and textile goods. Hands-on exposure in Transportation, Construction, Real Estate and media industries. Interested to develop the career in business focused financial services. Pro-active, result-oriented with strong sense of ownership and charismatic leadership. Extensive knowledge in finance, administration and accounting in diverse industries. Demonstrated outstanding performance in the development and implementation of strategic plans to ensure company growth and maximization of wealth. Solid planning and organizational skills in coordinating all aspects of each project from inception through completion. Sees the broader picture and plans appropriate strategies to achieve results. Well-disciplined with proven ability to manage multiple assignments efficiently under extreme pressure while meeting tight deadline schedules. Strong team builder and facilitator, fosters and atmosphere that encourages highly talented accounting professionals to balance high-level skills with maximum output. Computer literate and familiar with ERP (e.g. SAP) and reporting software like HYPERION. Open to travel and inclined to be relocated. Flexible to accept the changed and effective system.

MEMBERSHIP WITH PROFESSIONAL BODIES

Ø  FELLOW CHARTERED ACCOUNTANT

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF BANGLADESH (ICAB)

(ICAB Enrollment # 808, Date of Admission 27.08.02)

Ø  ASSOCIATE CHARTERED ACCOUNTANT

THE INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND & WALES (ICAEW)

(Enrollment # 6054122, Date of Admission 01.07.2019)

Ø  ASSOCIATE MEMBER

CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS (CIMA)

Ø  CERTIFIED GLOBAL MANAGEMENT ACCOUNTANT

Ø  FULL MEMBER OF CPA AUSTRALIA

EMPLOYMENT HISTORY

CURRENT EMPLOYER:    Rahimafrooz Group, Bangladesh

Ø  Chief Financial Officer (reporting to Group MD)

Ø  May 2017-Present

www.rahimafrooz.com

Rahimafrooz Group (RA) a legacy of 60 years of doing business in Bangladesh. It has successfully benchmarked corporate practices here. RA has strong presence in storage power business, retail chain, distribution, renewable energy etc.

Flagship organizations: Automotive and Industrial batteries for local and export market, Agora (first retail chain store in Bangladesh), national Distributor of Dunlop, Castrol, Ferbo & Mitsubishi diesel genset etc.

Achievements:

·         Strategic planning:      Business re-engineering to maximize cash flow and operating profit

·         Corporate Finance:      Debt-restructuring of USD 160M, raising funds of 130M (on going)

·        Budgetary Control:     Annual business plan for USD 180M

·        Treasury Planning:      Local and export fund management in efficient way

·        Financial Reporting     IPO readiness to raise funds of USD 30M

·        Taxation:                     Settled dispute of USD 50M (Direct Tax) and USD 3.13M (Indirect

Taxes) with revenue dept. Direct Tax refund of USD 2.59M has been approved by Apex Court

PAST EMPLOYERS

Pandughar Group Bangladesh

Ø  Group Chief Financial Officer (reporting to Chairman/MD)

Ø  June 2014-April 2017

Pandughar Group (PG) is an esteemed business house with strong footprints in five business sectors: Selling, distribution and warehousing, Real Estate, Food & Beverage, and Apparel Manufacturing.

Flagship organizations: Route to Market International, Interstoff Apparels, Urban Design & Developments, Dan Cake, Polar Ice Cream, Southeast Textiles etc.

Achievements:

·         Financial Management:           Implemented control mechanism across the group

·         Strategic planning:                  Business diversification to minimize the risk on few Business verticals

·         Compliance & Risk Management:      Tax planning to avoid double taxation

·        Project Management:  Managed couple of projects in agro and export business

·        Merger & acquisition:             Couple of companies were acquired

Hamid Group, Bangladesh

www.hamidgroup.com

Ø  Chief Finance Officer (reporting to Chairman/MD)

Ø  Nov 2013-June 2014

Hamid Group (HG) is a Bangladesh-based conglomerate with major interests in five business sectors: Property Development, Construction & Infrastructure, Specialized Project Management, Apparel Manufacturing, and Retailing. While its first company was founded in 1958, HG has grown from strength to strength in the decades that followed, enlarging its presence across different industries.

Flagship organizations: Priyoprangon Apartment, Priyoprangon City, Hamid Construction, Hamid Sweaters, DELCO etc.

Achievements:

·         Overall Financial Management: Consolidated Financial Statements and reporting was introduced

·         Strategic planning: Sourcing and implementation of ERP resulted process efficienct and cost reduction. 30% of administrative cost reduced in headcount and other OPEX

·         Compliance:    Necessary preparatory work for IPO was completed

·         Direct & Indirect Taxation:    Long pending tax matters involving USD 20M was settled

·         Working capital management: Inventory for real estate project was under supervision and reduced inventory days from 60 days to 35 days.

·        Business planning:      A land project of 20 acres planned to build a housing project and funds of USD 30M sourced

Union Group, Bangladesh

www.uniongroup.com

Ø  Group Chief Finance Officer (reporting to MD)

Ø  April 12-October 13

Union Group (UG) is a multifaceted group of companies—bringing a wide range of products and services under its umbrella. With a workforce exceeding well over 2,000 UG boasts of its diversified conglomerate character that ranges from Fast Moving Consumer Goods (FMCG), Retail, Mobile phones, Duty Free shops, Textiles, Spinning & Dyeing, Real Estate, Power & Energy and Tours and Travels. The consolidated group topline for 2013 has been estimated as USD 200M.

Achievements:

·         Strategic Planning:      Portfolio diversification, cost reduction and introduction of technology in business control and reporting.

·         Project Feasibility:      Feasibility checked to establish Marriot hotel project in Bangladesh. Based on the financial parameters stated in the report, Company scrapped the project.

·         Auditing & Risk Management:           Development of Audit plan, carrying out audit and report to Board

·         Raising funds: USD 100M sourced from different sources to reduce average cost of funds

·         Tax planning:  Legitimate way to reduce tax burden. Est. savings: USD 250,000 p.a.

·         Supply Chain Management:    Development of SOP and bringing down inventory at 45 days from 75 days

·         Cost and Management Accounting: Reduction of cost of production of per KG yarn by 20%

Zuellig Pharma Bangladesh Limited

www.zuelligpharma.com

Ø  Finance Manager

Ø  Reporting to MD/Country GM with dotted reporting to Regional Financial Controller

Ø  Member of Country Executive Committee

Ø  November 2006-Feb 2012

Zuellig Pharma Bangladesh Limited is 100% foreign affiliated subsidiary incorporated in Bangladesh. It is Asia Pacific’s leading provider of cutting-edge logistics services covering inventory management, warehousing, distribution and customer order management for the healthcare and pharmaceutical market. Across Asia, Zuellig is working in 15 countries with many renowned, well-entrenched pharmaceutical companies like GlaxoSmithKline, Aventis, Pfizer, and Novartis. Worked as a member of the Executive Committee of this company which is the highest authority to take the most important business and strategic decisions under the policy of the regional office.

Achievements:

·         Treasury Management:            To reduce collection lead time, an agreement with local giant bank signed upon submitting comprehensive proposal to Regional Corporate office. Est. savings:          USD 50,000

·         Budgetary control:      Active participation in preparation, finalization and controlling of operational budget for Country Head Office as well as 12 branch offices

·         ERP:    Preparatory work (studying existing business process, standard process, Gap analysis etc.) was carried out to implement SAP

·         Negotiation with principals:    All financial analysis, risk factors were identified to negotiate with Principals (for example, GlaxoSmithKline, Novartis)

·         Financial Reporting:    Supervising Monthly/ quarterly Overseas reporting through HYPERION and other XL-based templates which retrieves data from Hyperion

·         Direct and Indirect Tax:         All regulatory compliance were duly complied with to reduce exposure at zero level

·         Debt Capital structure:            To ensure profitability, debt structure revised.

Aziz Halim Khair Choudhury (affiliated with PKF)

Chartered Accountants, Bangladesh

www.ahkcbd.com

Ø  Qualified Assistant (Reportable to Managing Partner)

Ø  April 2006-October 2006

Worked as the full-time employee to supervise the audit, financial & management consultancy services of the firm. Preparation of financial and/or technical proposals, long-term business plans for the clients. Rendering services to clients as their business consultant. Responsible for the overall internal control, financial reporting, and asset management etc of client companies.

Achievements:

Acted as the Chief Coordinator to prepare the tender documents on behalf of one of the bidders in the privatization process of the fourth largest state-owned commercial bank of Bangladesh in 2006. The bank had 493 branches at home and abroad and the total worth of assets was USD 50 billion. This proposal consisted of two parts-Technical and Financial. The tender documents were evaluated by the local and foreign consultants appointed by the Privatization Commission of Bangladesh Government, Bangladesh Bank (Central Bank of Bangladesh), Ministry of Finance and got the highest points among three other bidders from UK, Malaysia.

MGH Group-Dhaka, Bangladesh

www.mghgroup.com

Ø  Finance Manager

Ø  Reporting to Managing Director

Ø  March 2003-March 2006

Overall authority for the financial operation of the Distribution of FMCG (Gillette, Kodak, Procter & Gamble, Coca-Cola) & Freight Forwarding divisions and also Corporate Finance of the group. Acted as custodian for financial operation of Bangladesh and Pakistan businesses. Extensively worked to bring cost-efficiency in Distribution and Logistics business. Closely engaged with Sales, Planning & Logistics teams to launch “Super Distribution Model” to enhance the number of outlets which was subsequently implemented successfully.

Achievements:

·         Corporate Finance:      Negotiated with Principal (P&G) and USD 1.2M free cash created

·         Managing Commercial dept.:  Reduced 20% cost by negotiating with suppliers

·         Credit control: Brought down credit days from 30 to 20 days. Est. savings: USD 0.1M pa.

·         Financial Analysis: Evaluation of investment proposals

Interspeed Advertising Ltd.

(Then Affiliated with Ogilvy & Mather, WPP group)

www.interspeed.com.bd

Ø  Finance Controller (reporting to CEO)

Ø  May 2001-Mar 2003

Adcomm Ltd.

(Affiliated with Lintas Worldwide)

www.adcommbd.com

Ø  Executive-Accounts (reporting to Finance Director)

Ø  November 1997-April 2001

OTHER ASSOCIATION

Acting as a Board Member of Bangladesh Petroleum Exploration & Production Company Limited (BAPEX), is an Exploration and Production Company, fully owned by the Government of Bangladesh having its Head Office in Dhaka. It is operating as a Company under Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) of the Ministry of Energy & Mineral Resources. http://www.bapex.com.bd/
Presence in Media: Attending TV programs on National Budget, economy, business etc. (link from many of the programs):                        https://www.youtube.com/watch?v=XEpvzfWRLt8&feature=share

Writing articles on Macro Economics, Revenue system of Bangladesh Financial efficiency, Politics

Ø  National Dailies:   The Daily Star, The Bangladesh Today, The Financial Express

Ø  Magazines:            The Accountant (Quarterly Publication of the Institute of Chartered Accountants of Bangladesh)

Engagement with Professional Bodies: Member of Standing Committee (Investigation and Disciplinary Committee), Member of Editorial Board of The Institute Of Chartered Accountants of Bangladesh

Member: Bangladesh AOTS Alumni Society (BAAS)
Adjunct faculty:    Associate Professor, MBA program, Southeast University

Enlisted Trainer:    Dhaka Chamber of Commerce and Industries Business Institute, BDJOBS, various Corporates, NGOs

EDUCATION:

Bachelor of Commerce- Dhaka City College under University of Dhaka     Result: 2nd Division, Year 1992
Higher Secondary Certificate- Dhaka Board
Result: 1st Division (13th Place in Commerce Merit List), Year: 1990

Secondary School Certificate-Dhaka Board
Result: 1st Division, Year 1988

COMPUTER SKILLS:

MS EXCEL, MS WORD, MS POWERPOINT, various Accounting Software, ERP, Hyperion (Reporting Software), SAP

LANGUAGE:

English-           Excellent in speaking, reading & writing
Bengali (mother tongue) –       Excellent in speaking, reading & writing
TRAININGS:

“Situational leadership” held in Singapore in 2009
“Essential skills of Coaching” held in Singapore in 2010
“Corporate Management in Bangladesh”, arranged by AOTS, held in Osaka Japan in Jan‘19

PROJECT MANAGEMENT

·         Represented the Finance dept. of Bangladesh in the project “SOAR” (A regional project to develop identical business processes in all 15 countries across the region. Selection of an ERP for all the business units of the region)

Acted as the Manager in Bangladesh for the project named “Code of Conduct” (Provides essential guidelines to employee to understand his/her responsibilities including his/her obligation to comply with the law and to advise Zuellig Pharma Management of anything that is not in compliance with the law or the code in force.
·         ERP project management in Union Group and Hamid Group. Scope of work included need assessment, business process mapping, selection of vendors, composition of internal team to work with external team etc.

TRAVEL

Saudi Arabia, UAE, India, Indonesia, Pakistan, Nepal, Hong Kong, China, Philippines, Singapore, Thailand, Malaysia, Turkey, Bhutan, Japan etc.