Manik Kumar Sarker
Mohammadpur
Summary
Dynamic finance leader with extensive experience as Group CFO at Kumudini Welfare Trust, driving strategic planning and tax optimization. Proven expertise in budgeting and forecasting, coupled with strong analytical skills, has consistently enhanced profitability and operational efficiency. Adept at fostering collaboration across teams to achieve organizational goals and ensure compliance.
Overview
18
18
years of professional experience
Work History
Group CFO
Kumudini Welfare Trust of Bengal (BD) Limited
Dhaka
10.2018 - Current
- Led strategic planning initiatives to bolster financial viability of the organization.
- Developed comprehensive tax planning strategies that minimized liabilities while maximizing profitability.
- Collaborated with senior management to develop long-term business objectives and plans.
- Evaluated internal controls over financial reporting processes and ensured compliance with applicable laws and regulations.
- Worked closely with operations teams to ensure accurate cost accounting practices are followed.
- Monitored cash flows and identified areas of risk or opportunity.
- Developed and implemented financial strategies to increase efficiency and reduce costs.
- Monitored business trend forecasts and adjusted budgets and operational plans to maximize growth and opportunities.
- Coordinated financial statement reviews to coordinate variance reporting, analysis of year-to-date and forecast performance against expectations.
- Crafted growth strategies to support expansion across various sectors.
- Supervised staff operations within numerous affiliated units for optimal performance.
- Managed multiple entities, including pharmaceuticals manufacturing unit, retail, enterprises, healthcare institutions and educational facilities.
- Advanced organizational objectives through strategic financial oversight.
General Manager, Finance and Accounts
Evercare Hospital (Ex. Apollo Hospitals Dhaka)
Dhaka
07.2017 - 09.2018
- Supervised and led Finance and Accounts team, providing training and performance analysis.
- Coordinated training activities for employees to ensure compliance with company policies and procedures.
- Created effective business plans to focus strategic decisions on long-term objectives.
- Improved productivity initiatives, managing budgets and accounts, coordinating itinerary and scheduling appointments.
- Developed and updated Finance manual and Standard Operating Procedures to ensure compliance.
- Maintained timely, accurate financial statements and reports per International Accounting Standards.
- Reviewed monthly results, implementing actions based on variance reports for continuous improvement.
- Analyzed corporate billing and accounts receivable, focusing on aging report insights.
- Prepared annual budget in collaboration with Director Finance, COO, and departmental heads.
- Oversaw payroll functions, ensuring timely and accurate payments to employees and consultants.
General Manager and Departmental Head, Finance and Accounts
BRAC-Aarong, BRAC-Dairy & Ayesha Abed Foundation under BRAC Enterprises
Dhaka
01.2010 - 12.2017
- Supervised Finance and Accounts team while providing guidelines and conducting performance analyses.
- Ensured compliance with applicable laws, regulations and industry standards pertaining to operations management.
- Developed and implemented operational strategies to improve efficiency, reduce costs, and maximize customer satisfaction.
- Identified areas of improvement in current business practices and collaborated with other departments to develop action plans for implementation.
- Conducted audits, identified trends, and resolved issues to drive system improvements.
- Forecasted and prepared annual budget, managing expenditures and analyzing variances.
- Established internal controls to ensure financial security and accountability.
Deputy General Manager, Accounts
BRAC Dairy & Food Project
01.2009 - 12.2010
- Company Overview: To supervise finance, accounts and internal control teams, provide training, initiate policies and procedures.
- To forecast & prepare budget, critical analysis of financial statements and report to higher management.
- To forecast cash flow, prepare project analysis for proper investment decisions, solve Tax, VAT and other business issues.
- To supervise finance, accounts and internal control teams, provide training, initiate policies and procedures.
Manager, Audit & Assurance
Hoda Vasi Chowdhury & Co., Chartered Accountants
01.2008 - 12.2009
- Company Overview: To review and analyze financial statements & report, perform business valuation, due diligence, internal audit, internal control system development and enterprise risk assessment.
- To review and analyze financial statements & report, perform business valuation, due diligence, internal audit, internal control system development and enterprise risk assessment.
Education
FFA - Fellow Membership
Institute of Financial Accountants (IFA)
UK01-2018
FIPA - Fellow Membership
Institute of Public Accountants (IPA)
Australia01-2018
Chartered Secretary - ACS
Institute of Chartered Secretaries of Bangladesh
Dhaka, Bangladesh01-2016
Chartered Accountancy - FCA
Institute of Chartered Accountants of Bangladesh
Dhaka, Bangladesh12-2008
Master of Commerce - Accounting
Bagerhat PC College
Bangladesh01.2006
Bachelor of Commerce-Honors - Accounting
Bagerhat PC College
Bangladesh01.2004
Skills
- Financial due diligence
- Business and share valuation
- Internal control system development and implementation
- Budgeting and forecasting
- Fund management
- Grant management
- Project management
- Tax planning
- Cost accounting
- Business process improvement
- Strategic thinking
- Corporate governance
- Working capital management
- Financial analysis expertise
- Cash flow management
- Strategic planning
Training Workshop
- Seven Habits of Highly Effective People, Franklin Covey, India & South Asia Region, 2 days
- Managing people, strategy, business planning and way of forward, Mr. Ranjan De Silva, CEO of Rahimafrooz Superstores, 3 days
- The Art of Leadership, Institute of Chartered Accountants of Bangladesh, 2 days
- ERP Training, Lafarge Surma Cement Limited, 5 days
- Advanced Gender & Justice, Kamala Bhasan, 3 days
Professional Knowledge
IAS, IFRS, ISA, US GAAP, US Regulations, Business & Commercial Law, Advanced level computer proficiencies including various operating systems, ERP, Accounting-related software
Personal Information
- Father's Name: Late: Krishna Pada Sarker
- Mother's Name: Sova Rani Sarker
- Date of Birth: 04/03/82
- Marital Status: Married
Accomplishments
- Young star award from the president of Bangladesh
- Best students award from the College
Languages
Bangla
First Language
English
Upper Intermediate (B2)
B2
References
References available upon request.
Timeline
Group CFO
Kumudini Welfare Trust of Bengal (BD) Limited
10.2018 - Current
General Manager, Finance and Accounts
Evercare Hospital (Ex. Apollo Hospitals Dhaka)
07.2017 - 09.2018
General Manager and Departmental Head, Finance and Accounts
BRAC-Aarong, BRAC-Dairy & Ayesha Abed Foundation under BRAC Enterprises
01.2010 - 12.2017
Deputy General Manager, Accounts
BRAC Dairy & Food Project
01.2009 - 12.2010
Manager, Audit & Assurance
Hoda Vasi Chowdhury & Co., Chartered Accountants
01.2008 - 12.2009
FFA - Fellow Membership
Institute of Financial Accountants (IFA)
FIPA - Fellow Membership
Institute of Public Accountants (IPA)
Chartered Secretary - ACS
Institute of Chartered Secretaries of Bangladesh
Chartered Accountancy - FCA
Institute of Chartered Accountants of Bangladesh
Master of Commerce - Accounting
Bagerhat PC College
Bachelor of Commerce-Honors - Accounting
Bagerhat PC College
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