Nurana Guliyeva

• Analyzed financial data to determine efficient use of resources.
• Achieved proper mix of equity and debt to minimize cost and maximize operational profit.
• Consolidated business data into actionable metrics to simplify and highlight areas of concern and opportunity.
• Managed financial transactions involving general funds and contracts to reduce cashflow challenges.
• Analyzed actual financial results vs budget to prepare variance reporting to functional groups.
• Researched and recommended new accounting software package to replace various non-integrated software packages.
• Made estimates of funds required for short and long-term financial objectives of organization.
• Reviewed financial projections relating to business and industry trends and identified areas requiring improvement.
• Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
• Conducted reviews and evaluations for cost-reduction opportunities.
• Developed invoicing systems and internal controls to boost billing efficiencies.
• Coordinated preparation of external audit materials and external financial reporting.
• Prepared internal and regulatory financial reports, balance sheets and income statements.
• Built financial models to allocate resources, forecast cash and investment needs and make capital budgeting decisions.
• Analyzed actual financial results to budget, preparing variance reporting to functional groups.
• Communicated with stockholders or other investors to provide information or raise capital.

Reported to the Executive Directors, General Manager and the Supervisory Board.

Prepared Annual Financial Statements (IFRS) and supervised external annual audits.

Prepared Process mapping (SOPs) and internal policies.

Prepared financial analysis reports including revenue, and costs analysis and showed the business performance according to the KPIs.

Analyzed business opportunities by developing financial models

Improved reporting system and workflow in the finance department.

º Managing the finance function, and implementation of the accounting ERP system.

º Planning, directing, and controlling entire finance operations and reporting activities of the organization, creating annual plans that support strategic direction set by the Board while correlating with annual operating budgets.

º Playing a significant role in improving the financial systems, work processes, and competencies through participation in task forces, workshops, and other suitable forums and establishing a system within the division.

º Conducting monitoring reviews on accounting and reporting systems and ensuring the internal controls and systems are in place.

º Planning and managing statutory audits, liaising with external auditors and obtaining audit reports from external auditors.

º Managing the accounting teams by defining responsibilities and objectives, providing performance feedback, coaching, and developing skills.

º Facilitating support in decision-making to the Management by developing financial information, additional analyses, and reports, preparing monthly accounts (P&L, balance sheet, cash flow), and as well as annual statutory accounts under IFRS and local GAAP.

º Monitored and managed fund flows for optimum utilization of available funds and communication with banks. Formulated forecasts and analyzed variances to determine and implement corrective actions.

º Made vital contributions to the development of financial strategies, policies, objectives, and plans and prepared capital expenditure requests and justification analyses.

º Reviewed year-end accounts in line with IFRS and UK GAAP prior to submission to external auditors, ensuring to meet regulatory requirements.

º Implemented the accounting ERP system, and finance operations and created internal accounting policies and procedures, drafted job responsibilities of the finance department for the start-up organization.

º Developed a financial reporting tool to streamline the overall finance & reporting process which resulted in providing effective support in the decision-making process.

º Successfully conducted external audit along with the external audit company and meticulously obtained unqualified (clean) audit opinion for the company having more than 1 Mn accounting transactions a year for a trading company with total assets of more than US$ 500 Mn and turnover of more than US$ 2.5bln.

º Instrumentally decreased the receivable payback period from 60 days to 20-30 days by setting up and managing effective financial controls over US$ 150-200 Mn receivables through daily reconciliation procedures.

º Introduced new practices/processes by maintaining close interaction with Operation, Hedge, and IT departments and introduced hedge accounting in the company with significant success in integrating the accounting system with hedge accounting.

º Adroitly applied IFRS 9 financial instruments hedge accounting and facilitated continual support to the Hedge team with accounting advice as well as monitoring of hedge accounting separately.

º Spearheaded the Accounting team and trained new joiners to meet the organizational requirement and productivity criteria.

º Effectively and successfully completed external audits for the financial years of 2013, 2014, and 2015 for each group of companies.

º Maximized resources by collecting funds from debtors through continuous reconciliations and follow-up procedures.

º Identified key areas of accounting, reported risk within the group of companies and prepared internal control weakness reports to mitigate risks.

º Acted as an advisory manager of the CAPSAP (Corporate and Public Sector Accountability Project) project from 2011 to 2013.

º Contributed to setting up the local chartered institute for accountants by establishing internal policies & regulations of the local institute, organizational structure, and relationship with other institutions and government as well as recognition by the ACCA UK.

º Grew the start-up firm to one of the market leaders in assurance and consulting business and ranked 5th in the country in a short span period. Met with clients to identify and assess business controls, risks, process gaps, and workflow inefficiencies.

º Set up paper modules and prepared textbooks and exam questions for each paper; Successfully managed the portfolio of clients from different fields such as insurance companies, banks, investment funds, deposit insurance funds, etc. as an audit manager.

º Prepared bid (tender) documents for audit engagements and develop business for the organization by conducting negotiations with clients.

º Grew the client portfolio from US $500,000 to $2.5 million within a span of 4 years; successfully performed audit engagements in banking, insurance, retail, non-profit NGOs, hospitality, construction, and transportation companies.

º Conducted audit section assigned by the Audit Manager whilst ensuring to complete the tasks within the time budget; sharing information with other members of the team to achieve a smooth flow of operations

º Articulated audit findings, and risks and provide detailed recommendations to upper management with the accountability of drafting audit reports

Financial Reporting

Audit and Assurance

Corporate Finance