NIHAD JAVADOV
Baku,Azerbaijan
Summary
ACCA-certified Financial Accountant with 4.5 years of of professional experience and strong expertise in IFRS reporting, tax compliance, and management reporting across holding and subsidiary company structures. Prepared and analyzed Cash Flow, Balance Sheet, and P&L reports, producing Board-level management reports using large datasets and doubling decision-making effectiveness through clear OPEX/CAPEX and cost center allocation. Advanced user of 1C and Excel.
Overview
5
5
years of professional experience
4043
4043
years of post-secondary education
1
1
Certification
Work history
Financial Accountant
VektorDS Group of Companies
Baku, Azerbaijan
2025.11 - 2026.02
- By implementing document management system from scratch, Ensured audit readiness within 1 week and achieved 95% compliance rate.
- By optimizing weekly cash flow reports, clarified OPEX and CAPEX allocation and doubled effectiveness of management decision-making.
- Prepared and managed cash flow, balance sheet, and P&L reports, and created management reports for Board using large datasets from companies within holding structure, increasing decision-making effectiveness by 2x.
- Reviewed payable payment documentation and executed payments after ensuring 100% accuracy.
- By amending VAT declarations for every month since company's establishment, reduced financial risks and ensured accuracy.
- By correcting monthly VAT declarations from company's inception, ensured 100% accuracy and significantly reduced financial risks.
- Reviewed existing accounting records from company's establishment date, made IFRS-based adjustments, increased data accuracy by approximately 80%, and corrected and resubmitted monthly closings.
- By classifying expenses of subsidiary companies within holding structure by OPEX/CAPEX and cost centers, improved analytical accuracy of management reports by approximately 30%.
Leading Accountant
BSC Consulting & Outsourcing
Baku, Azerbaijan
2024.10 - 2025.11
- Prepared monthly and annual IFRS-compliant financial reports, improving reporting accuracy by 25%.
- Participated in financial and tax audit of company from 2023 to present by identifying and corrected miscalculated tax liabilities exceeding 10,000 AZN, ensuring compliance and reducing unnecessary financial burden on company.
- Avoided flat allocation by invoice value and instead distributed customs and freight costs based on product weight and duty rates, improving cost accuracy by 23%.
- Built statement of Profit/Loss, balance sheet, and cash flow statements for leadership review and financial planning.
- Managed tax filings (SSPF, VAT, WHT) with zero delays or penalties across 12+ reporting periods.
- Optimizing daily operations of 15 companies operating in wholesale, retail, and service sectors to achieve 90% accuracy.
Leading Accountant
Premium Finance Service LLC
Baku, Azerbaijan
2024.01 - 2024.10
- Allocated factory rental costs to product cost through 1C software in line with IFRS and Matching Principle, resulting in 12% improvement in cost reporting accuracy.
- Delivered monthly and quarterly financial reports, supporting strategic planning and compliance.
- Verified and posted customs documents for imports, increasing cost traceability by 30%.
- Supported internal audits by preparing full documentation packages.
Accountant
Loyal Plus Consulting LLC
Baku, Azerbaijan
2023.07 - 2023.12
- Processed all tax declarations via E-Taxes portal and ensured timely submissions.
- Handled payroll and social payments via online banking, improving payment cycle speed by 20%.
- Recorded daily transactions and VAT operations in 1C with 100% accuracy.
- Managed payroll calculations, including vacation pay, for over 45 employees monthly.
Junior Accountant
Automotive Spare Parts Wholesale Company
Baku, Azerbaijan
2021.05 - 2023.07
- Reconciled monthly bank statements and resolved discrepancies.
- Managed accounts payable and receivable, ensuring timely settlement of invoices and maximising cash flow.
Education
Industrial engineering - Finance Oriented
University of Siegen
Siegen, GermanyIndustrial engineering - Finance Oriented
Azerbaijan State Oil And Industry University
Baku, AzerbaijanSkills
- 1C Accounting Software
- Advanced Microsoft Excel
- Oracle SQL
- Financial Reporting
- Accounts Payable/Receivable
- Audit Support & Documentation
- Analytical Accuracy
- Inventory Accounting & Cost Calculation
- Cash Flow & Bank Operations
- Deadline-Driven Execution
- General ledger experience
- Profit margin optimization
- Tax Accounting(DSMF, DV, Income,VAT)
- Cross-Functional Collaboration
- Deadline-Driven Execution
Certification
- ACCA F7 - Financial Reporting
- ACCA F3 - Financial Accounting
- Edu company - Financial Accounting (F3)
- Idtech Academy - Sql for data analytics
- Bridge Academy - Financial Reporting (F7)
- Elite Academy - Accounting and 1C
Timeline
Financial Accountant
VektorDS Group of Companies
2025.11 - 2026.02
Leading Accountant
BSC Consulting & Outsourcing
2024.10 - 2025.11
Leading Accountant
Premium Finance Service LLC
2024.01 - 2024.10
Accountant
Loyal Plus Consulting LLC
2023.07 - 2023.12
Junior Accountant
Automotive Spare Parts Wholesale Company
2021.05 - 2023.07
Industrial engineering - Finance Oriented
University of Siegen
Industrial engineering - Finance Oriented
Azerbaijan State Oil And Industry University