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Structure

Department of Finance

Director: Kudbidinov Mukhitdin Shamshievich

The main tasks of the department are the following:

  1. In the field of financial planning and economic analysis:
    • organization, management and control of the Company's financial activities;
    • organization of work on the development of the Company's Business Plan for the next fiscal year, monitoring of its implementation and, if necessary, making adjustments to the Business Plan according to the subtotals (quarters, half-years) of the reporting year;
    • organization of work on the compilation of business plans for regional offices and control of its execution;
    • control of expenses, liquidity and management accounting of the Company and its structural divisions (regional branches);
    • analysis of the implementation of the Company's business plans and branches;
    • management of financial resources of the Company;
    • analysis of financial (financial and economic activity) state, solvency, development and implementation of measures to ensure the financial stability of the Company;
    • work on the organization, timeliness of preparation and submission of financial statements of the Company;
    • calculation and control of compliance with standards in the Company, established by the authorized state bodies of the Republic of Uzbekistan.
  2. В сфере управления активами и инвестициями Компании:
    • разработка инвестиционной политики Компании в соответствии с требованиями, установленными специальным уполномоченным органом и обеспечение его исполнения;
    • ведение учета и контроль за инвестиционными вложениями Компании;
    • разработка новых предложений по увеличению (высоколиквидных инвестиционных вложений) инвестиционного портфеля, контроль над эффективностью вложенных инвестиций;
    • контроль над сохранностью и управление активами Компании, повышение их эффективности;
    • разработка предложений по увеличению рентабельности активов Компании;
    • организация работ по увеличению доходности инвестиционных вложений Компании;
    • содействие деятельности внутреннего и внешнего аудита, корпоративного консультанта и ревизионной комиссии.
    The functions of the department include the following:
  3. Financial Planning and Economic Analysis Department:
    • collection and storage of primary documents and reports provided by structural divisions of the Company;
    • drawing up consolidated reports of the Company, periodic, statistical and insurance reports and submitting them to the authorized bodies in the prescribed manner;
    • assessing the sustainability of the Company based on factor analysis in areas such as the balance of the insurance portfolio, the development and stability of the customer base, reinsurance policy, etc .;
    • management and control over the movement of financial resources of the Company and regulation of financial relations in order to most efficiently use all types of financial resources of the Company and to obtain maximum profit;
    • analysis of the financial and economic condition of the Company (analysis of financial statements, calculation of standards for solvency, insurance reserves, research and analysis of the costs of maintaining the management apparatus and regional branches);
    • making proposals aimed at ensuring solvency, increasing the profitability of operations, increasing profits, reducing the Company's costs, strengthening financial discipline;
    • development of the Company's Business Plan, cost estimates for the maintenance of regional branches and control over their execution;
    • assistance to internal and external audit, corporate consultant and audit commission in the organization and conduct of their activities.
  4. Asset and Investment Management Department:
    • Formation of the Company's investment portfolio and control over the correct compilation of insurance reports by branches;
    • monitoring of the profitability of assets and the investment portfolio of the Company;
    • analysis of the investment portfolio, the state and management of assets, the calculation of regulatory and other indicators, the study of the dynamics of changes in the financial performance of the Company;
    • development and monitoring of the implementation of the Company's investment policy, taking into account: the state of the financial and insurance market, the financial and economic position of the Company; financial conditions of investment in the capital market, the effectiveness of investment activities;
    • management of shareholdings and securities owned by the Company.
    • Carrying out other activities necessary to perform the tasks assigned to the Department.
Telephone: +998 71 147-11-00 (420)
Email: m.kudbidinov@alskom.uz