Md. Monaem Shafiki
About Candidate
Annual Fiduciary Review(2.5 Months)
Fourth Primary Education Development Program
Implementation Agency:
The Ministry of Primary and Mass Education (MoPME)
Funded By:
World Bank
Period: 01 June 2023 to 16 August 2023
Field Team-Lead
Duties/Responsibilities:
Under financial management review
• Review of the internal control framework
• Review of payment processing including sample testing using information from IBAS reports and cash
books of a sample of Drawing and Disbursing Officers (DDOs) both accounting and Budgeting DDOs
• Review of reconciliation between IBAS and DDO cashbooks and ledgers using the IBAS reports on
reconciliation, including review of DDOs’ FM.
• Review of booking and clearing of advances.
• Internal controls over payroll processing and personnel data management, with specific attention to see
if there is any ghost employee.
• Release procedures for funding to schools (School Management Committee [SMC] funds and contingency
funds) and related FM.
• Review budget release procedures and find any gaps.
• Review asset management systems and report any irregularity.
• Analyze PEDP4 expenditures with special focus on miscoding. Derive common reasons for such
miscoding with suggested way forward to improve and strengthen the existing system.
Under post procurement review
• Review whether all local procurement under PEDP4 is carried out in accordance with the according to
Public Procurement Act (PPA 2006) and Public Procurement Rules (PPR 2008) with the six exceptions as
outlined in the JFA.
• Examine reported corruption or red flags if any, from any source and substantiate the irregularities. Also,
verify fraud prevention and detection mechanisms that may exist in the Program and recommend such
prevention and detection mechanisms for future procurement under PEDP4.
Pre-Audit (Duration 3 months)
Concerned Women for Family Development
Funded by: UNFPA
Supervisor
Duties/Responsibilities:
• Verify the project wise fund allocation and expenditure incurred for Adolescents & Youth Program
and Accelerating Action to End Child Marriage according to the instructions of UNFPA.
• Review & check to identify the Misappropriation of funds involving the creation of any fictitious
parties and unauthorized payments, primarily resulting in cash outflow.
• Check & verify all the Bank and cash payments related to cash out flow during the period.
• Check & verify the supplier payment & approval process according to the SOP.
• Check & verify the financial record & bookkeeping in Tally Prime.
• Check and verify the interim reporting to UNFPA through GPS software.
• Review all the agreements between UNFPA and CWFD along with sub-IP for local fund donations and
expenditures.
• Conduct risk-based audit in the particulars area.
• Review the DOA & check the payments made for the purposes.
• Identify discrepancies and recommendations for improvements.
• Check whether the Proof of Evidence (PoE) is in line with UNFPA requirements.
Akboria Group (8 months)
Financial Management & Fund Management
Supervisor
Duties/Responsibilities:
• Analyze SBUs sales, purchase, operating costs, provisions, accruals information and prepare cash
flow statements on regular basis & present cash flow statements to the management, guide them to
make investment priority, payment process and fund injections requirements on time to time.
• Oversee SBUs fund inflow, outflow, fund allocation, tracking, and optimization of financial resources
to meet organizational goals.
• Perform product profitability analysis, analyses costs, overhead allocations, costing gross margin and
profitability. Guide management to focus on profit maximization and ensure sustainable growth of
the company.
• Review and identify existing process weakness and implement best practices all across SBUs and
group as whole.
• Validate purchase process, documents, records and collect market price information from direct
sources. Guide management to source goods and supply from most convenient channel/company
whether in credit/cash to bring efficiency into good purchase process. Check inventory holding time
as well.
• Collect sales, purchase, operating costs, provisions, accruals information and prepare budget &
forecasting on regular basis and present budget & forecasted P&L to the management, guide them to
take appropriate decision.
MACOMM (4 Months)
Official local affiliate of Dentsu Inc.
Accounting Service
Supervisor
Duties/Responsibilities:
• Prepared prepaid and accrual schedules and applied necessary accounting treatments for salary
provisions, accrued costs, and other provisions.
• Prepared comprehensive financial statements and conducted in-depth analysis, providing valuable
insights into financial performance at the end of each monthly, quarter, and year.
• Conducted thorough checks of VAT and TDS liabilities against the books, tax, and VAT returns, and
ensured 100% compliance with VAT and TDS requirements, protecting the company from penalties and
legal issues.
• Preparation of the management information system (MIS) reporting.
• Performing weekly performance reports such as sales, purchase, payment, collection, A/R, A/P, and
inventory reports and adhering to monthly analytical reports.
• Supporting to maintain data and documentation management and performing daily reconciliation of
financial transactions of cash and bank.
Education
This is Md. Monaem Shafiki, a graduate with a Bachelor of Business Administration (BBA) in Finance from Pundra University of Science & Technology, completed between 2017 and 2021. After graduation, I undertook an internship at a CA firm, and upon its completion, I began working there as an articled student on November 11, 2021.
Work & Experience
During the CA firm's CC period, I have involved in a variety of statutory tasks, which included conducting audits and ensuring compliance with regulatory standards. My responsibilities encompassed reviewing financial statements, verifying the accuracy of records, evaluating internal controls, and identifying potential areas of risk. I have audited several notable organizations, including Bangladesh Power Development Board, Agami Ltd, Go BD GO Limited, Noman Group, Medicine Du Monde, Supreme Seed Company Limited, and e-Generation Limited. Through these audits, I developed expertise in areas such as reporting, regulatory compliance, and audit procedures. My role also involved liaising with clients and ensuring that audit findings were effectively communicated and addressed. This experience honed his skills in financial analysis and audit processes across diverse sectors.
During the CA firm's CC period, I have also engaged in accounting service and perfromed voucher preparation, end to end financial recording, preparation of trial balance, financial statements, cashflow, budget & Forecasting, Inventory valuation, Bank reconciliation, preparation of debit & credit notes, TAX & VAT return, TDS & VDS Calculation, AGM & Board minutes, etc in Mir Group, Macomm, Route Finders Tours & Travels Limited, Belaface Limited.
I have conducted internal and special audits for notable companies including Akboria Group, Deshbandhu Group, Solar Electro Bangladesh Limited, and SEBL/DX Group. My responsibilities in these audits involved evaluating internal controls, assessing operational efficiency, and ensuring compliance with company policies and regulations. He also provided recommendations for improving financial practices and internal processes, contributing to enhanced financial transparency and risk management within these organizations.
I Have has prepared Standard Operating Procedures (SOPs) for Akboria Group and Priyoshop.com. This involved designing and documenting efficient workflows, ensuring compliance with organizational policies, and establishing clear guidelines for various business processes. His efforts helped streamline operations, enhance consistency, and improve overall productivity in these organizations.
I have been responsible for preparing financial statements, financial reporting, and conducting financial analysis for companies including PriyoShop.com Ltd, Macomm, Route Finders Tours & Travels Limited, Go BD Go Limited, and Akboria Group. His work involved compiling accurate financial data, ensuring compliance with accounting standards, and analyzing key financial metrics to support decision-making. These responsibilities contributed to improved financial transparency and performance evaluation for the organizations.
I have conducted inventory valuation and verification for companies such as BayerCrops Science Limited, SQ Group, BAT, Priyoshop.com, and Akboria Group. My role involved assessing inventory levels, verifying the accuracy of inventory records, and ensuring proper valuation in line with accounting standards. This process was critical in identifying discrepancies, optimizing inventory management, and ensuring accurate financial reporting.
