Visio, 1S ERP, Logo,
Fikrat Samadov
Chief Accountant
Baku,Azerbaijan
Summary
Dynamic Chief Accountant with extensive expertise in process management, financial operations, and internal controls. Successfully managed a AZN 30 million investment project for the production line of a steel melting factory and Color Coating Coils production .Led the implementation of the 1S ERP system, ensuring seamless integration and improved operational efficiency. Proven ability to streamline workflows, enhance efficiency, and implement robust systems to optimize organizational performance. Adept at tax accounting, annual budget preparation, and fostering team collaboration while ensuring compliance with industry best practices. Committed to safeguarding financial health and driving profitability through strategic planning and process optimization. Good in team building.
Overview
15
15
years of professional experience
4
4
years of post-secondary education
1
1
Certificate
2
2
Languages
Work History
Chief Accountant
Unimetal LLC
02.2018 - Current
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Completed year-end closing processes with controllers and external auditors.
- Managed a team of accountants, fostering collaboration and professional growth for improved department performance.
- Found tax solutions to complicated tax issues or risks from incorrect tax filings.
- Identified legal tax savings and recommended ways to improve profits.
- Monitored raw material usage, work-in-progress, and finished goods to prevent discrepancies, achieving a 97% compliance rate in inventory audits.
- Developed and implemented effective accounting systems.
- Safeguarded company''s financial health by implementing robust internal controls and risk mitigation measures across various departments.
- Developed annual budgets in collaboration with senior management, aligning resources with company objectives.
Chief Accountant
Prometal LLC
02.2016 - 02.2018
- Managed a $10 million investment project for the color coating production line, with a specific focus on the capitalization of fixed assets.
- Managed cost accounting processes, including material, labor, and overhead cost tracking.
- Controlled warehouse processes, ensuring accurate inventory tracking, stock valuation, and cost control.
- Ensured compliance with accounting standards and company policies in cost reporting and inventory management.
- Collaborated with production, warehouse, and finance teams to optimize cost structures and improve profitability.
- Developed and maintained cost models and pricing strategies for new and existing products.
Accountant
İnterfrofil MMC
09.2015 - 06.2017
- Determined and implemented the allocation mechanism for production overheads, ensuring accurate cost distribution.
- Managed cost accounting processes, including material, labor, and overhead cost tracking.
- Controlled warehouse processes, ensuring accurate inventory tracking, stock valuation, and cost control.
Finance Manager
Amass LLC
05.2015 - 09.2015
- Budget preparation and financial forecasting for production and inventory management.
- Prepared monthly, quarterly, and annual financial reports
- Ensured compliance with accounting standards and company policies in cost reporting and inventory management.
- Collaborated with production, warehouse, and finance teams to optimize cost structures and improve profitability.
- Supported internal and external audits
- Developed and maintained cost models and pricing strategies for new and existing products.
Chief Accountant
Nano Electronics
Baku
10.2012 - 05.2015
- Managed retail accounting processes, including sales tracking, inventory management, and reconciliation of retail transactions.
- Ensured accurate recording of daily sales and cash flow, maintaining 100% accuracy in retail financial records.
- Monitored and controlled inventory levels across multiple retail locations, reducing discrepancies by 15%.
Accountant
Medisis LLC
09.2010 - 09.2012
- Assist in preparing monthly, quarterly, and annual financial statements.
- Maintain accurate and up-to-date financial records, including general ledger entries.
- Reconcile accounts, including bank statements, accounts payable, and accounts receivable.
Education
Bachelor of Science - Economics
Qafqaz University
Baku 09.2004 - 06.2008
Skills
Annual budget preparation
Software
Certification
DipİFR by Barattson training
Additional Information
- Project Management Knowledge: Currently preparing for the Project Management Professional (PMP) certification, demonstrating a strong understanding of project management principles, methodologies, and best practices.
- Six Sigma Interest: Actively exploring Six Sigma methodologies to enhance process improvement and operational efficiency skills.
Timeline
DipİFR by Barattson training
03-2023
Chief Accountant
Unimetal LLC
02.2018 - Current
Chief Accountant
Prometal LLC
02.2016 - 02.2018
Accountant
İnterfrofil MMC
09.2015 - 06.2017
Finance Manager
Amass LLC
05.2015 - 09.2015
Chief Accountant
Nano Electronics
10.2012 - 05.2015
Accountant
Medisis LLC
09.2010 - 09.2012
Bachelor of Science - Economics
Qafqaz University
09.2004 - 06.2008
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