SMC Enterprise Limited
Md. Feroz Iftekher, FCA has a diverse work experience spanning over a decade. Md. Feroz Iftekher, has held various positions in different companies. Their most recent role was as the Head of Internal Audit at SMC Enterprise Limited, starting in September 2021. Prior to that, they served as DGM & HOD (A&F) at Anwar Group of Industries from November 2017 to September 2021.
Before joining Anwar Group, Md. Feroz Iftekher worked as the General Manager (Accounts & Finance) at Ashiyan Group from May 2017 to November 2017. In this role, they were responsible for developing and implementing best accounting practices and policies, overseeing the operations of the accounting department, and managing the accounting operations of subsidiary companies.
Md. Feroz Iftekher also has experience in the field of auditing. Md. Feroz Iftekher, worked as a Manager Audit at EY Bangladesh (A. Qasem & Co., Chartered Accountants) from February 2016 to April 2017. Additionally, they served as a Financial Management Consultant at the World Bank from June 2015 to January 2016, where they conducted financial management reviews, supervised project financial management, and reviewed financial statements and audit reports.
Prior to their roles in auditing and consulting, Md. Feroz Iftekher worked at Prime Finance & Investment Ltd. Md. Feroz Iftekher, served as the Head Of Internal Control and Compliance from October 2012 to August 2015, where they were responsible for preparing audit reports, ensuring effective internal compliance and control systems, and ensuring compliance with established internal control procedures. Before that, they worked as an Assistant Manager (Finance & Accounts) at Prime Finance & Investment Limited from January 2012 to September 2012, where they were involved in preparing financial statements, assisting in appeal procedures, and negotiating with term depositors.
Earlier in their career, Md. Feroz Iftekher worked as an Executive at SABINCO from November 2009 to December 2011. In this role, they were responsible for compliance with organizational rules and regulations, updating manuals and service rules, reconciling budget variances, providing financial information to the board of directors, conducting audits, and ensuring compliance with tax and VAT regulations.
Overall, Md. Feroz Iftekher's work experience includes management positions, internal audit, finance, accounting, and financial management consulting.
Md. Feroz Iftekher, FCA began their education journey at Dhukundi High School, where they completed their S.S.C degree in Science in 1997. Following this, they enrolled at Notre Dame College from 1997 to 1999 and gained a degree in Commerce. Md. Feroz Iftekher, then pursued higher education at the National University (PH) from 2000 to 2002, obtaining a B. Com degree with a field of study in Accounting. Continuing their academic pursuits, Md. Feroz Iftekher attended jagannath university from 2002 to 2004, where they completed their M. Com degree in Accounting. Lastly, they joined The Institute of Chartered Accountants of Bangladesh (ICAB) from 2005 to 2008, successfully achieving a Chartered Accountancy degree.
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SMC Enterprise Limited
Social Marketing Company, Bangladesh or SMC began its journey in 1974 as a project to address the rapid population growth in the country. It was set up by Population Services International (PSI), a US-based INGO under an agreement with the Government of Bangladesh and USAID. In 1990, after having achieved significant success, the project was converted to a nonprofit private limited company with a voluntary Board of Directors. In 2014, SMC formed SMC Enterprise Ltd, a wholly owned for-profit subsidiary to separate profitable activities from nonprofit to help effectively manage a growing and complex operation which could no longer function smoothly under a single unit. SMC today is a large and successful social enterprise and a major contributor to the Bangladesh national family planning program, providing contraceptives to more than one-third of all users. It markets a full range of family planning products, ORS (Oral Rehydration Salts) and has diversified into food, nutrition, reproductive health female hygiene. It operates the biggest ORS manufacturing facility in the country. SMC enjoys excellent goodwill among its beneficiaries and stakeholders. It is an ISO 9001:2008 certified company and headquartered in Dhaka, Bangladesh. As per 2015 Contraceptive Social Marketing Statistics released by DKT International, SMC was ranked as the second largest contraceptive social marketing program globally in terms of CYPs. Since its inception, SMC operations have averted 16 million unintended pregnancies, 1.2 million deaths of children under-5 and 106.3 million DALYs (year lost to ill-health and disability). According to the 2014 Bangladesh Demographic and Health Survey (BDHS), one-third of family planning users in the country are using SMC-marketed contraceptive brands. Among methods, 62.0% of all condom users, 44.0% of pill users and over 18.0% of all injectable users rely on SMC contraceptives to meet their family planning contraceptive needs. SMC is, therefore, the largest and most successful partner of the Government of Bangladesh (GOB) in the effort to reduce population growth. SMC has made an enormous contribution in meeting the country’s MDG 4 and 5 goals, having saved innumerable lives of women and children through family planning and ORS over many years.