Skill Development Program at Jahangirnagar University
CEO at LSF & Company
Tax, Audit, and Business Solution
H# 56, R# 2A, Dhanmondi,
-Fellow member of the Institute of Cost and Management Accountants of Bangladesh
-Masters in Commerce Major in Accounting under the National University,
Mainuddin is a business professional having diversified knowledge and experiences in various sectors in Bangladesh. He is the CEO of LSF & Company. Mainuddin along with his experienced team is providing various professional services including accounting, individual and corporate tax, VAT, commercial (Export, Import, Customs & Bond Management), financial advisory, offshore funding, business process development and improvement, IT Solutions (SAP ERP) to the valued clients including high net worth individuals.
PROFESSIONAL AND INDUSTRY EXPERIENCE:
-Mainuddin is a financial management expert with 19 years of managerial
and leadership experience in retail sales, recovery, accounting, budgeting,
controlling, fund management, cash flow planning, legal, information
technology, risk management, financial and operational strategy, strategic business planning, inventory management, supply chain management, planning integration, corporate treasury, and foreign exchange fund management, reporting, costing, relationship with stakeholders, suppliers negotiation, pricing, internal control, and operations in different sectors.
-He has 17 years of professional experience in regulatory compliance issues
related to Bangladesh Bank, BSEC, IPO, Companies Act, Taxation & VAT Compliances, Labour Law, and Bangladesh Financial Reporting Standards.
-He is experienced in developing and improving internal control, reporting,
costing systems, SOP for production and operations, and developed system
for ensuring accountability everywhere.
-He has a track record of reducing non-performing loans from 6% to below 4%, reduced funding cost, and developed internal control systems in United
Finance Limited. Also, he has developed and introduced budget and budgetary control systems, reduced wastage level by more than 5%, and increased revenue accordingly at Labaid Group.
-He has successfully implemented cashless salary, budgetary control, inventory and supply chain efficiency, increased production efficiency by 40% in a single financial year, resulting in the increase of revenue by 40% in knitting garments unit, reduced collection period, bringing discipline in knitting sub-contract, chemical usages for fabric department, developed bill processing and tracking system, GL & Cost center mapping and developed SOP for other major processes, introduced interest expense and LC charges/commissions monitoring tools and cash flows planning at Viyellatex Group.
-He was a member of the core management team for the transformation of
SAP S/4 HANA from its earlier version at Viyellatex Group. Viyellatex is the
only local group that has implemented SAP for the first time in Bangladesh in 2008.
-He has a solid and positive experience in diverse industries including financial services, healthcare, NGO, real estate, boarding English medium school, tea garden, Chartered Accountants Practicing Firm, Cost & Management Accountants Practicing Firm, and power generation projects.
-Mainuddin has attended various training including leadership certificate
course in “Managerial Effectiveness” from Indian Institute of Management-
Kolkata, India; Leadership Certificate in “Managerial Communication”
from the Institute of Business Administration, University of Dhaka,
-Received “Global 100 most influential Training & Development Leadership
Citation Award-2017” by World HRD Congress, Mumbai India for the
outstanding contribution to learning and development in Bangladesh
-Mainuddin has performed various finance, accounts, operations, commercial, planning and cost management leadership roles in Gonoshahajjo Sangstha (GSS), LABAID Group, United Finance Limited, Hosaf Group, Mak & Co, Chartered Accountants, and Viyellatex group.