AGIL SAFAROV
Baku
Summary
Financial Analyst and Senior Accountant with strong expertise in financial control and variance analysis. Developed management reports and conducted audits, enhancing budget forecasting and inventory management. Recognized for strategic planning and risk management, leading to improved stakeholder engagement and operational efficiency. Proven ability to implement growth strategies and foster collaboration, driving significant organizational success.
Overview
13
13
years of professional experience
Work History
Chief Advisor
The State Agency on Mandatory Health Insurance
Baku, BAKU
01.2024 - Current
- Reporting opinions on legislation, drawing up procedural rules
- Financial and economic evaluation of the newly created medical service
- Taking into account the open and invisible risks that may arise, giving suggestions for
protocoling in rules and procedures - Responsible for managing the budget allocated to the project
- Calculation of the cost of the service
- Examining the experiences of foreign countries
- Compilation of farmo economic monitoring procedure rules
- Adaptation of the electronic prescription system to the compulsory health insurance product
- Preparation of expert financial analysis of the department
Lecturer - Financial Accounting, Corporate Finance, Management Accounting, Audit
UNEC Business School
10.2021 - Current
- Mentored students to navigate career paths and overcome academic challenges.
- Evaluated student performance through examinations and project assessments.
- Delivered insights on corporate finance strategies and their implications.
- Facilitated understanding of management accounting techniques and applications.
- Provided expertise in financial accounting principles and practices.
Senior Advisor
Public legal entity "The Administration of Regional Medical Divisions" (TABIB)
02.2020 - 01.2024
- Established accounting processes and ensured coordination with relevant departments.
- Issued visas for contracts to facilitate timely transactions.
- Maintained accuracy of sub-documents related to payments.
- Managed banking relationships to streamline financial operations.
- Opened salary accounts for new employees and presented associated cards.
- Calculated and processed salaries, bonuses, travel expenses, and vacation benefits.
- Participated in recruitment and budgeting procedures while overseeing budget execution.
Business Finance Manager
Finmarket LLC / FinTech startup
Baku
04.2022 - 04.2023
- Developed annual budgets, financial forecasts, and performance reports to support strategic decision-making and business growth
- Prepared management reports and profitability analyses, providing actionable insights to improve financial performance and cost efficiency.
- Provided strategic financial recommendations to leadership, supporting business expansion, profitability improvement, and sustainable growth.
- Partnered with senior management to develop financial strategies, optimize resource allocation, and support long-term business objectives.
Head of Reporting Section
TURANBANK OJSC
Baku
04.2019 - 02.2020
- Submitted daily, weekly, monthly, and quarterly reports to Central Bank.
- Provided periodic reports to Statistical Office.
- Delivered daily and monthly reports to Chamber of Control over Financial Markets.
- Prepared balance sheet, profit and loss statements, and cash flow reports.
- Responded promptly to inquiries from Central Bank.
- Submitted comprehensive reports to Management Board on regular basis.
Financial Analyst/ Senior Accountant
NBCO Embafinans LLC
Baku
01.2017 - 04.2019
- Oversaw three staff members in Accounts Receivable, Payroll, and Accounts Payable functions.
- Executed month-end close processes, including Profit & Loss, Forecasting, and Balance Sheet Reconciliation.
- Generated payroll reports, including Rolling Forecast and Weekly Payroll Summary, while monitoring payroll accuracy.
- Maintained Fixed Asset register and prepared BAS alongside Product Cost Control monitoring.
- Reviewed internal controls to protect assets and ensure adherence to best practices.
- Ensured compliance with organizational policies and established new operational procedures.
- Formulated yearly budget to synchronize financial targets with strategic initiatives.
- Provided ad hoc data analysis support to owners through graphical reporting.
Accountant
NBCO Embafinans LLC
Baku
10.2015 - 01.2017
Finance Specialist
Azerbaijan Industry Bank OJSC
Baku
10.2013 - 06.2015
- Prepared monthly, quarterly, and annual financial reports for headquarters and stakeholders.
- Managed financial control, cash flow, insurance, bonding administration, and accounting policies.
- Liaised with project managers to develop budgets and verify expenditures against approvals.
- Coordinated initial project setup, budget revisions, and job cost allocations effectively.
- Analyzed financial data to inform decision-making processes and enhance strategy development.
- Implemented financial controls that ensured adherence to regulatory standards.
- Collaborated with auditors during annual reviews to promote compliance and integrity.
- Monitored cash flow closely to manage liquidity requirements efficiently.
Education
MBA - Business Administration and Management
Azerbaijan State Economic University
06.2015
BSc - Economics
Azerbaijan State Economic University
06.2011
Primary school -
School No 210
Baku, Azerbaijan09.2007
Skills
- Budgeting
- Tax planning
- Strategic planning
- Account payable/receivable
- Internal and finance control
- Portfolio performance reporting
- Monthly payroll
- Expense Control
- Reporting and analysis skills
- Financial strategy
- Financial analysis
- Data interpretation
- Financial reporting
- Cost management
- Team leadership
- Problem solving
- Effective communication
- Analytical thinking
- Academic advising principles
- Stakeholder management
- Report generation
- Conflict management
Certification
- GRBS – F3 (ACCA) IFRS (2014-2015)
- BARATTSON School of Finance and Business centre -Modern Business (2015)
- SM Consulting LLC – Tax Accountant (2015)
- QSS Analytics – Data analytics with Excel (professional excel trainining) (2018)
- Vision academy - CFA Level 1 (currently preparing)
- World Convention Center - modern financial mechanisms in the healthcare economy Financing sources (2023) Turkiye, Antalya
- Organized by the WHO Regional Office for Europe in cooperation with the Ministry of Health of the Republic of Azerbaijan, the State Agency for Mandatory Healthcare Insurance, and TABIB, and supported by USAID/Azerbaijan, this event will focus on participant engagement in regional conferences on modern approaches to financial mechanisms, health economics, data science, and data analytics
- Korea International Cooperation Agency (KOICA) - training program on increasing the skills of medical institutions on insurance policies in Azerbaijan
Affiliations
- I have been playing football since childhood. But now I am more interested in table tennis. On my days off, I spend time with my family. I try to spend time with my friends. I try to both increase my knowledge in the field I work in, and follow modern trends Recently, I plan to write articles and conduct research to share my experiences.
Languages
Azerbaijan
First Language
English
Intermediate (B1)
B1
Russian
Intermediate (B1)
B1
Turkish
Upper Intermediate (B2)
B2
Timeline
Chief Advisor
The State Agency on Mandatory Health Insurance
01.2024 - Current
Business Finance Manager
Finmarket LLC / FinTech startup
04.2022 - 04.2023
Lecturer - Financial Accounting, Corporate Finance, Management Accounting, Audit
UNEC Business School
10.2021 - Current
Senior Advisor
Public legal entity "The Administration of Regional Medical Divisions" (TABIB)
02.2020 - 01.2024
Head of Reporting Section
TURANBANK OJSC
04.2019 - 02.2020
Financial Analyst/ Senior Accountant
NBCO Embafinans LLC
01.2017 - 04.2019
Accountant
NBCO Embafinans LLC
10.2015 - 01.2017
Finance Specialist
Azerbaijan Industry Bank OJSC
10.2013 - 06.2015
MBA - Business Administration and Management
Azerbaijan State Economic University
BSc - Economics
Azerbaijan State Economic University
Primary school -
School No 210