Babar Mahmud Babar
Dhaka
Summary
Results-driven Finance Manager with expertise in financial forecasting, budget management, and compliance assurance. Proven ability to streamline processes and provide strategic financial advice, enhancing operational efficiency and supporting organizational goals.
Overview
15
15
years of professional experience
Work History
Finance Manager
Multimode Group
Dhaka, Bangladesh
12.2010 - Current
- Managed financial forecasting and budgeting processes for Multimode Group.
- Developed and implemented financial policies to enhance operational efficiency.
- Oversaw financial reporting, ensuring compliance with industry regulations.
- Analyzed financial data to identify trends and support strategic decision-making.
- Collaborated with cross-functional teams to optimize resource allocation and cost management.
- Mentored junior finance staff on best practices in financial analysis and reporting.
- Conducted risk assessments to safeguard company assets and investments.
- Streamlined accounting procedures to improve overall productivity within the finance team.
- Prepared financial documents such as budgets, forecasts and reports.
- Maintained accounts payable and receivable records ensuring timely payments are made.
- Monitored cash flow to ensure sufficient liquidity.
- Analyzed financial data to determine efficient use of resources.
- Coordinated with other departments within the organization regarding budgeting matters.
- Established relationships with banking partners to secure favorable terms on financing arrangements.
- Managed financial transactions involving general funds and contracts to reduce cashflow challenges.
- Managed payroll processing activities for multiple entities including tax filings.
- Evaluated existing processes within the finance department and identified areas for improvement.
- Collaborated with external auditors during annual audits to ensure accuracy of financial statements.
- Approved and qualified applications for financing, closed sales contracts and cross-sold insurance products while complying with state laws.
- Calculated and prepared checks for utilities, taxes, and other payments.
- Reviewed and analyzed budget variances to ensure accuracy of financial information.
- Assisted in the development of internal controls to protect company assets.
- Negotiated contracts with vendors in order to obtain competitive pricing structures.
- Promoted finance products to customers and sales force to increase penetration.
- Provided guidance on accounting issues related to new business initiatives.
- Analyzed complex financial data and generated meaningful reports for senior management.
- Analyzed actual financial results vs budget to prepare variance reporting to functional groups.
- Conducted risk management assessments and created strategies to minimize potential risks.
- Developed and managed financial plans for a variety of investments.
- Made estimates of funds required for short and long-term financial objectives of organization.
- Identified opportunities for cost savings through process improvements and automation initiatives.
- Developed forecasting models utilizing historical data trends to predict future revenues and expenses.
- Analyzed sales activity to identify and correct cost errors or price discrepancies.
- Created monthly performance metrics that tracked key performance indicators.
- Strategized on fund procurement through banks and other financial institutions.
- Implemented cost-reduction strategies to optimize spending and increase efficiency.
- Oversaw budget preparation, ensuring alignment with strategic goals and financial health.
- Ensured accurate and timely compliance with tax filing requirements and other regulatory obligations.
- Provided strategic financial advice to senior management and board members.
Education
Associate of Applied Science - Masters of Commerce in Accounting & Finance.
Jagannath University
Dhaka06-2002
Skills
- Financial forecasting
- Budget management
- Financial reporting
- Risk assessment
- Compliance assurance
- Cost management
Languages
English
Intermediate (B1)
B1
Timeline
Finance Manager
Multimode Group
12.2010 - Current
Associate of Applied Science - Masters of Commerce in Accounting & Finance.
Jagannath University