Mosharraf Hossain Mridha, FCA

Contact Information

Personal Details

Capabilities & Strength

With comprehensive experience in the following areas:

Professional Summary

Pro-active and result-oriented professional with broad experience in all aspects of accounting
and financial management, as well as multi-operations. Demonstrated hands-on management style
in the development and implementation of strategic plans to ensure company/organization growth.
Well-disciplined with proven ability to manage multiple assignments efficiently under extreme
pressure while meeting tight deadlines. Effectively communicates directions, motivates teams,
and conveys complex information in easily understandable formats. Computer literate and open to travel.

Professional Experience / Accomplishments

• Partner | 14 Nov 2022 – Continuing
  Siraz Khan Basak & Co, Chartered Accountants
  6th Floor, RK Tower, Hatirpool, Dhaka-1205
• Consultant | 15 Sept 2020 – 13 Nov 2022
  Siraz Khan Basak & Co, Chartered Accountants
  6th Floor, RK Tower, Hatirpool, Dhaka-1205
• CISA | 14 Oct 2019 – 12 Feb 2020
  Successfully completed and passed all 6 Module Exams of the 150-hour Certificate Course
  on Information System Audit (IS Audit) conferred by ICAB
• Senior Finance Manager | 18 Dec 2006 – 30 Sept 2019
  Ali Bin Ali Logistics, ABA Group
  Doha, Qatar

Key Responsibilities & Achievements

• Preparation of annual budget, arrangement of funds, and ensuring optimum utilization of funds.
• Submission of monthly Financial Statements (Balance Sheet, Profit & Loss Account, Cash Flow Forecast, Working Capital) for Strategic Business Units (SBU) of Logistics and FMCG Divisions by the 4th working day of the following month.
• Critical analysis of monthly forecasts and review of actual results against budget and projections.
• Prepared strategic plans for every 3-year period, from 2008 to 2021.

Key Achievements

1. Worked with ABA Group in various fields (attending and conducting workshops, trainings, meetings on Lean Projects, 6 Sigma, ERP modules, Finance, Operations, policies, processes, etc.), interacting with professionals from 78 nationalities over 13 years.
2. Collaborated with Scala Consultants of UK on re-engineering and restructuring ABA Logistics Divisions.
3. Implemented SOPs (Standard Operating Procedures) across all departments of the Logistics division.
4. Awarded Best Finance Department three times and Runner-up twice among the 34 Finance departments of ABA Group.
5. As FTL (First Track Lead), set up the Fixed Assets module in ERP-Oracle-12 across ABA Group (34 OUs) and received detailed training on all seven ERP-Oracle-12 modules.
6. Successfully turned around ABA Logistics to profitability and created a reserve of QR 64M (equivalent to BDT 147 Crore).
7. Designed 31 policies and procedures across ABA Group as an active team member and led some of them.
8. Restructured Finance and other departments to enhance Logistics operations productivity.
9. Established internal control measures within the Logistics division.
10. Developed a financial scorecard for the Logistics division.
11. Developed and implemented 12 KPIs to monitor operational efficiency performance.
12. Prepared a feasibility report for a new warehouse at Street 57 (Estimated cost QR 680 million; storage capacity 128,000 CBM).
13. Prepared 3-year Strategic Plans for 2008-2010, 2011-2013, 2014-2017, and 2018-2021.

Key Objectives

1. Focus on profit before tax
2. Review monthly Management pack compared to budget
3. Prepare forecasted cash flow and monitor monthly
4. Monitor approved Capital expenditures
5. Working capital management
6. Ensure on-time payment to suppliers
7. Re-design tariff to reflect actual cost
8. Submit Management report on or before 4th working day of the following month
9. Implement internal control system
10. Conduct training programs
11. Business Process Improvement
12. Coordinate with external auditor during statutory audit
13. Annual Budget preparation
14. KPI measures

Head of Finance and Administration

Duration: 01 Jan 2001 to 30 Apr 2006
Organization: Rahimafrooz Superstores Limited (RSL), A leading FMCG retail chain in Bangladesh

Responsible for preparing feasibility studies of new outlets, fund arrangement, and optimum utilization of funds. Reviewed monthly Financial Statements (Balance Sheet, Profit & Loss Account, Cash Flow, Forecast, Working Capital) of Strategic Business Units (SBU) of Rahimafrooz Superstores Limited. Critically analyzed monthly forecasts and reviewed actual results against budget and forecasts for 4 retail business units in Dhaka as per RA Group corporate guidelines.

Key Achievements

• Implemented ERP (Online Information Technology) with the help of Flexive Micro System, Sri Lanka.
• Designed and developed GL Module and MIS Reports according to business needs.
• Established IT Department, Human Resource Department, Finance and Administration Department.
• Contributed to establishing the business set-up including Project Planning, Supplier Selection, Procurement Strategy, Recruitment, and Marketing Plan.
• Demonstrated capability to set up a chain supermarket from A to Z.

Major Responsibilities as Head of Finance & Administration

• Responsible for preparation of Annual Business Plan (ABP) and coordinating the ABP process.
• Monitor and evaluate ABP performance.
• Ensure optimum utilization of funds at minimum cost and maximum benefit to achieve ABP targets.
• Establish budgetary control system.
• Ensure accurate presentation of status and periodic MIS reports of the company.
• Present financial results with budget variance to line managers to ensure internal control measures.
• Ensure timely payments to suppliers.
• Proactively ensure insurance coverage of all company assets and properties.
• Build and enhance relationships with financial organizations, government, and law enforcement authorities.
• Develop, monitor, and maintain a capable Information Technology system.
• Develop the Finance & Administration (F&A) team.

Chief Accountant

Duration: May 23, 1998 – 04 August 2000
Organization: First Arabian Department Stores, A leading retail chain in KSA

Overall authority for financial operations including supervision of preparing Balance Sheet, Profit & Loss Account, Cash Flow, and KPIs; budget preparation and administration; cash flow analysis; ensuring compliance with company financial policies & procedures; monitoring credit control to keep Accounts Receivable within acceptable limits; reviewing monthly accounts and reporting within deadlines (3rd working day of following month); developing MIS reports for cost control; and coordinating with external auditors during statutory audits.

Key Achievements:

• Re-built finance department within six months into a full-fledged team covering general accounting, accounts receivable, accounts payable, credit control, and inventory management.
• Introduced new accounting system aligned with AS 400 IBM, reducing reporting time from 7 days to 4 days.
• Implemented accounts receivable module, reducing AR Days from 130 to 90 within 6 months.
• Acted as Project Manager for implementing Y2K program for all financial software.

Manager Accounts

Duration: 01 Mar 1996 – 22 May 1998
Organization: New Zealand Milk Products Bangladesh Limited, A subsidiary of New Zealand Dairy Board

Overall responsibility for finance and accounts, treasury management, credit control, cost of capital for receiving and lending funds, and factory accounts analysis.

Key Achievements:

• Designed accounting system, implemented financial policies, set up finance department, and ensured accurate reporting to regulatory bodies and management.
• Implemented Standard Costing System.

Financial Administration Analyst

Duration: 01 Dec 1994 – 29 Feb 1996
Organization: INTERCHAIN Project Consultants AB

Worked as Consultant on Management Capability Strengthening of Local Govt. Engineering Department (LGED), Govt. of Bangladesh, financed by the Asian Development Bank (ADB). Responsibilities included LGED Budget, Fund Management, Accounting System, Contractor Payment, Inventory & Internal Control Systems, Internal Audit, and Uniform Accounting System. Contributed to restructuring LGED. Presented findings at an international seminar attended by donor ambassadors, LGED officials, secretaries, and other consultants. Received appreciation letter from Project Team Leader Dr. Skylark Chadda.

Senior Accounts and Administration Officer

Duration: 01 Mar 1991 – 30 Nov 1994
Organization: IPDC of Bangladesh Limited, a joint venture multinational company (Shareholders: Govt of Bangladesh, CDC, DEG, IFC, AKFED)

Responsible for preparing books of accounts, accounts receivable/payable, staff payroll (using ACC-PAC Plus), weekly/monthly management reports, quarterly & annual accounts, annual budget, cash forecasting, and all day-to-day accounting functions.

Manager Accounts

Duration: 01 Oct 1988 – 28 Feb 1991
Organization: Bengal Group

Set up Finance and Accounts department, prepared 5 years backlog accounts for Jute divisions, completed statutory audits, and managed working capital. Successfully turned Jute divisions profitable and cleared all outstanding bank dues.

Articled Clerk / Senior Auditor

Duration: 14 Dec 1984 – 30 Sept 1988
Organization: KPMG (Klynveld Peat Marwick Goerdeler), Bangladesh (Formerly Rahman Rahman Huq, Chartered Accountants)

Performed audits for large publicly held corporations, medium-sized private companies, NGOs, and donor-funded projects. Gained professional experience that led to becoming a Chartered Accountant in Bangladesh. Participated in consultancy projects including Teesta Barrage Project (10 months) and Bangladesh Shilpa Rin Shangstha (BSRS) portfolio audit (9 months), led by Late Saifur Rahman FCA.

Computer Literacy

Proficient in Microsoft Excel, Microsoft Office, Microsoft Word, and various accounting software including GL-plus (v5 & v6), JDA, AS 400 (IBM), FlexGL (Flexive Micro System, Sri Lanka), ERP-Oracle 12.

Countries Visited

United Kingdom, Georgia (Europe), Australia, Singapore, U.A.E, Bahrain, K.S.A, Qatar, Thailand, India, Nepal, Sri Lanka, Pakistan

Education

B.Com Hons. and Master in Commerce – Management, Chittagong University (1981 & 1982)

Affiliation

Fellow Member, The Institute of Chartered Accountants of Bangladesh (ICAB)