Mahfus R.
Senior Accounting and Finance Associate
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Mahfus R. is an accomplished Associate, Accounting and Finance with over nine years of professional experience across the non-profit, hospitality, and research sectors in Bangladesh. Most recently at Room to Read, he manages payment processing, vendor oversight, general ledger analysis, bank reconciliations, and statutory compliance for VAT and tax. Previously as Senior Finance Officer at ICDDRB, Mahfus handled financial reporting, expense monitoring, donor compliance for UNICEF-funded programs, and administered procurement and audit processes. Earlier roles at The Olives hotel included managing cost control, inventory analysis, and budget variance analysis, contributing to operational and financial efficiency in the hospitality industry. Mahfus holds an MBA in Accounting and continues professional studies with ICMAB. His expertise spans accounts reconciliation, expenditure management, and budget and costing in organizations with multi-site and donor-funded operations.
Experience
Associate, Accounting and Finance
Room to Read · 2024 — PresentReviewing all vendor bills and processing payments for medical and travel claims. Managing salary and program advances alongside adjusting related accounts. Posting transactions in Sage Intacct and preparing necessary journal vouchers and payment entries. Clearing remittances from banks and maintaining various trackers. Coordinating cash forecasts and fund allocations for field offices. Preparing bank reconciliations and scrutinizing general ledger reports while participating in monthly and quarterly financial reporting. Conducting budget variance analysis and ensuring compliance with VAT and tax regulations. Assisting the Admin manager with the preparation of financial documents and bank approvals.Senior Finance Officer
ICDDRB · 2020 — 2024Managing cashbooks and reconciling petty cash while ensuring compliance with financial regulations. Processing cash and cheque payments in accordance with monthly financial closures and preparing expenditure reports. Assisting in the acquisition of goods and timely payment to suppliers. Verifying bills and ensuring necessary documentation is attached for payment. Working collaboratively with teams to uphold efficient financial services, while monitoring expenses in line with grant agreements. Participating in audits and maintaining compliance with VAT, TDS, and statutory returns.Assistant Finance Manager
THE OLIVES · 2017 — 2020Reviewing bills and preparing vouchers for payment, alongside updating ledgers and monitoring cash flow daily. Overseeing the collection of receivables and processing payables with proper documentation. Preparing financial statements and conducting variance analysis between budgets and actual expenses. Handling VAT returns and adjustments while sourcing operational funds and managing banking activities. Coordinating procurement activities and contributing to financial audits as assigned.Sr. Executive, Cost Analyst
THE OLIVES · 2015 — 2016Conducting inventory assessments for food and beverage items while preparing daily reports and performing spot checks. Maintaining collaboration with F&B management to address any potential issues. Developing monthly cost reports and performing month-end reconciliations, ensuring adherence to pricing policies and financial control measures.
Skills & Expertise
Education
- Masters of Business Administration (MBA) Major: AccountingUniversity of Chittagong
- Bachelor of Business Administration (BBA) Major: Accounting & Information SystemsUniversity of Chittagong
- Higher Secondary School Certificate (HSC) Major: Business StudiesTarail Muktizudhya College
- Secondary School Certificate (SSC) Major: Business StudiesPurura High School
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