Murad Abbasov
Baku
Summary
Results-driven finance controller experienced in financial statement review, auditing and reporting. Well-versed in producing reports, evaluating department operations and handling month- and year-end closings.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Finance Manager
DDB Azerbaijan
03.2023 - Current
- Reviewing documentation and identifying financial discrepancies where applicable.
- Preparing monthly reconciliation of bank accounts and took corrective actions on deviations.
- Preparing main financial statements: Balance Sheet, P&L and Cash flow statement
- Building budget and realizing timely reconciliations with actual results
Finance Controller
McDonalds Azerbaijan CJSC
04.2022 - Current
- Preparation of annual budgets, providing accurate financial guidance for key business decisions.
- Collaborated with cross-functional teams to improve overall business performance through strategic financial analysis and recommendations.
- Reduced month-end closing time by implementing efficient reconciliation processes and procedures.
- Conducted thorough risk assessments to identify potential areas of concern in company operations, providing actionable insights for risk mitigation efforts.
- Increased profitability, optimizing cost control measures, and expense reduction initiatives.
- Optimized inventory management practices using advanced analytics tools for better demand forecasting and stock level optimization.
- Implemented robust internal controls to mitigate risks and ensure compliance with regulatory requirements.
- Mentored junior colleagues within the finance team, contributing to their professional growth and development.
- Created and distributed reports on internal and external finances, audits, and budgets.
- Introduced internal controls to monitor critical areas of financial control and devised corrective actions to address risks or deficiencies.
Senior Inventory Accountant
McDonalds Azerbaijan CJSC
02.2017 - 04.2022
- Streamlined inventory accounting processes by implementing new software solutions and improving data accuracy.
- Performing reconciliations between restaurants, distribution center, taking corrective actions where necessary
- Realizing month-end procedures for the Inventory accounting module
- Assisted in the successful completion of annual external audits by providing timely and accurate information on inventory valuations and adjustments.
- Reduced risk of material misstatements through diligent monitoring of slow-moving or obsolete items, recommending write-offs as needed for accurate financial reporting purposes.
- Identified discrepancies between physical counts and system records, initiating investigations and making necessary adjustments for accurate financial reporting.
- Enhanced financial reporting quality for better decision-making by conducting regular audits and reconciliations of inventory accounts.
- Collected and reported monthly expense variances and explanations.
- Operations performed in 1C
Fixed Asset and Inventory Accountant
Bakcell
11.2013 - 02.2017
- Create and monitor a system of controls, procedures, and forms for the registration of fixed assets
- Preparing depreciation and other fixed asset-related entries and adjustments
- Conduct periodic impairment reviews for intangible assets
- Analyzing timing and proper capitalization of assets
- Controlling asset movements
- Reconciling the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger
- Planning and realizing all operations related to changing equity of the company
- Realizing monthly closing related operations and closing itself
- Performing reconciliations between modules and drawing reports
- Prepare audit schedules relating to fixed assets, inventory and assist the auditors in their inquiries
- Conducting analyses related to fixed assets and inventory as requested by management.
- Verifying asset inventory reports by comparing logs and reports; adjusting entries.
- Analyze inventory cost variances and other accuracy issues impacting perpetual inventory records.
- Controlling all type items of inventory in ERP system, controlling inventory items with appropriate valuation accounts.
- Checking and approving movements of stock items keeping their appropriate accounting. Realizing accounting of movements between warehouses.
- Yearly counting of warehouses. Quarterly implementing the list of scrap, obsolete and surplus assets as report.
- Preparing and drawing all type reports as per request of immediate superior.
- Execute accurate and timely month-end closing tasks that include, account analysis and reconciliations, accruals, journal entries and reporting. Establishing and implementing inventory policies and procedures.
Fixed Assets Specialist
Bakcell
03.2012 - 11.2013
- Create and monitor a system of controls, procedures, and forms for the registration of fixed assets
- Preparing depreciation and other fixed asset-related entries and adjustments
- Conduct periodic impairment reviews for intangible assets
- Performing reconciliations between modules and drawing reports
- Analyzing timing and proper capitalization of assets
- Controlling, site creations, asset movements
- Reconciling the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger
- Planning and realizing all operations related to changing assets of the company
- Realizing monthly closing related operations and closing itself
- Preparing audit schedules relating to fixed assets, and assist the auditors in their inquiries
- Conducting analyses related to fixed assets as requested by management.
- Operations performed in Oracle EBS
Logistics Coordinator
Baku-Dental LLC
09.2010 - 02.2012
- Corresponding with foreign companies and ordering goods,
- Organizing transportation of the goods
- Controlling transportation process
- Tracked orders and notified customers of status or potential delays.
- Collaborated with sales and customer service teams to address client concerns and expedite orders when necessary.
Accountant
MİA LLC Construction firm
11.2009 - 08.2010
- Handled day-to-day accounting processes to drive financial accuracy.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Answered phone calls regarding financial matters such as payments due.
- Reconciled bank statements monthly, identifying discrepancies for prompt resolution.
- Produced and distributed invoices and financial documents.
Accountant
Taraggi-T Construction firm
11.2008 - 06.2009
- Handled day-to-day accounting processes to drive financial accuracy.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Answered phone calls regarding financial matters such as payments due.
- Reconciled bank statements monthly, identifying discrepancies for prompt resolution.
- Produced and distributed invoices and financial documents.
Education
Master of Business Administration (M.B.A.) - International Business
State Economic University
01.2013
Bachelor's degree - State Administration
The Academy of Public Administration under the President of the Republic of Azerbaijan
01.2010
Skills
- IELTS
- TOEFL
- ACCA(F1, F2, F3,F5,F7)
- Analysis
- Meeting Deadlines
- Microsoft Office
- Time Management
- ERP
Certification
- MS Excell Level 3
- Time Management
- Futurology
- Business Case Competition
Languages
Azerbaijani
Proficient
C2
Russian
Proficient
C2
English
Advanced
C1
Personal Information
Date of Birth: 10/04/88
Timeline
Finance Manager
DDB Azerbaijan
03.2023 - Current
Finance Controller
McDonalds Azerbaijan CJSC
04.2022 - Current
Senior Inventory Accountant
McDonalds Azerbaijan CJSC
02.2017 - 04.2022
Fixed Asset and Inventory Accountant
Bakcell
11.2013 - 02.2017
Fixed Assets Specialist
Bakcell
03.2012 - 11.2013
Logistics Coordinator
Baku-Dental LLC
09.2010 - 02.2012
Accountant
MİA LLC Construction firm
11.2009 - 08.2010
Accountant
Taraggi-T Construction firm
11.2008 - 06.2009
Master of Business Administration (M.B.A.) - International Business
State Economic University
Bachelor's degree - State Administration
The Academy of Public Administration under the President of the Republic of Azerbaijan
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