Siavash Eftekhari

Siavash Eftekhari

Financial & Economic advisor to Board of Directors at CinnaGen Co.

Tehran, Tehran Province, Iran
16K followers 500+ connections

About

I was born in November 1987. I have completed my studies in accounting to a Ph.D. level and have been working in the pharmaceutical industry since December 2012. My career started as a financial expert; today, I am a financial and economic advisor to the Board of directors. Until today, I have had the background of working in two of the largest and best pharmaceutical companies in Iran, Exir and CinnaGen pharmaceutical co. I have also had the experience of being a member and secretary of the Enterprise-Wide Risk Management Committee. Currently, the Risk Committee of the company is one of the most important committees I am a part of, following the Audit Committee. To improve my educational, research, and career requirements, in addition to studying the necessary theories, I have also studied practical software, including statistical and financial software. I spend most of my time working and analyzing the financial and economic areas of the pharmaceutical industry. I am very interested in reading about the history of science and the stories of scientific geniuses. Also, I am interested in the free study, including finance and economics, behavioral finance, physics, Philosophy, complex systems, cosmology, mathematics and statistics, cryptocurrencies, and blockchain. In the field of academic research, my favorite area encloses accruals and related models. I exercise regularly and used to play badminton professionally. Also, my favorite sports are badminton, fitness, rock climbing, and swimming.

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Experience

  • CinnaGen

    CinnaGen

    2 years 2 months

    • CinnaGen Graphic

      Financial & Economic advisor to Board of Directors

      CinnaGen

      - Present 1 year 6 months

      Tehran Province, Iran

      As a financial and economic advisor to the board of directors, I work closely with the COB-CEO and other members of the executive team at CinnaGen Pharmaceutical Company. My role entails providing strategic financial guidance and expertise to support decision-making at the highest level of the organization. This includes actively participating in board of directors meetings and engaging in collaborative work with other board members.

      In my capacity as a financial and economic advisor, I…

      As a financial and economic advisor to the board of directors, I work closely with the COB-CEO and other members of the executive team at CinnaGen Pharmaceutical Company. My role entails providing strategic financial guidance and expertise to support decision-making at the highest level of the organization. This includes actively participating in board of directors meetings and engaging in collaborative work with other board members.

      In my capacity as a financial and economic advisor, I am responsible for overseeing various aspects of financial management, such as financial planning, forecasting, budgeting, cost control, and management accounting. I assess the financial status of the organization, understand its financial goals, and develop tailored financial plans to achieve those goals. Additionally, I analyze financial data, provide insights and recommendations to the board of directors, and support the implementation of effective financial strategies.

      Furthermore, I am actively involved in managing relationships with other members of the board of directors and provide expert advice on financial matters during board meetings. I work closely with the CEO and other executives to identify opportunities for reducing costs, optimizing expenses, and maximizing returns on financial assets. My role as a financial and economic advisor to the board of directors requires me to have a broad scope of work and engage in collaborative efforts to drive the financial success of the organization.

      Overall, as a financial and economic advisor to the board of directors, my role extends beyond traditional financial advisory responsibilities and involves active participation in board meetings and close collaboration with other board members and the executive team to ensure sound financial management and decision-making at the strategic level of the organization.

    • CinnaGen Graphic

      Financial & Economic advisor to CEO

      CinnaGen

      - 9 months

      Tehran, Tehran, Iran

      In this position, I work directly with the CEO of CinnaGen Pharmaceutical Company. Financial and economic advisors are tasked with managing every aspect of your Firm, from product planning to collecting account receivables or management accounting, financial and cost controls and finally, forecasting the future for decision making. They are responsible for more than just suggesting investment choices or selling financial products. They assess your financial status and understand your financial…

      In this position, I work directly with the CEO of CinnaGen Pharmaceutical Company. Financial and economic advisors are tasked with managing every aspect of your Firm, from product planning to collecting account receivables or management accounting, financial and cost controls and finally, forecasting the future for decision making. They are responsible for more than just suggesting investment choices or selling financial products. They assess your financial status and understand your financial goals and create a tailored financial plan to achieve those goals. Furthermore, they can help reduce the cost, expense and loss you pay and maximize the returns on any financial assets you may own.

      CinnaGen Co. was founded in 1994 with the goal of manufacturing hi-tech products in biotechnology and related fields. Since its start of operation with 4 scientists, CinnaGen has grown to become the biggest bio-pharmaceutical manufacturer and biotech exporter in the region. The concept was to be active in the research and development of new potent biotech-based products to cover regional markets.

      Today the company prides itself in its innovative skills meeting today challenges. We focus our efforts on developing the bio-similar candidates in the areas of immunological diseases, infertility, hormone disorders and oncology as well as providing contract research development services. The company is spending over 20 percent of its total turnover on R&D activities.

      CinnaGen is strategically positioned to become and remain a leading biotechnology company in the region. Our aim is to use our expertise to identify and acquire selected products through strategic partnerships to promote sustainable development in human health.

  • Exir Pharmaceuticals Company

    Exir Pharmaceuticals Company

    9 years 9 months

    • Exir Pharmaceuticals Company Graphic

      Finance Manager, Budgeting & Reporting

      Exir Pharmaceuticals Company

      - 2 years 3 months

      Borujerd City, Lorestan Province, Iran

      In this position, I worked directly with the CEO of Exir Pharmaceuticals Company. I was responsible for all the work related to the financial affairs of the factory. My areas included costing, payroll, financial accounting, treasury accounting, property accounting and warehouse accounting. Also, I prepared daily, weekly and monthly reports required by the CEO and informed him about the financial process of production and sales as well as the stock market. At the end of each month and each…

      In this position, I worked directly with the CEO of Exir Pharmaceuticals Company. I was responsible for all the work related to the financial affairs of the factory. My areas included costing, payroll, financial accounting, treasury accounting, property accounting and warehouse accounting. Also, I prepared daily, weekly and monthly reports required by the CEO and informed him about the financial process of production and sales as well as the stock market. At the end of each month and each quarter, I prepared comparative reports for comparison between the company and other companies in the industry.

    • Exir Pharmaceuticals Company Graphic

      Head of Financial Accounting

      Exir Pharmaceuticals Company

      - 5 years 10 months

      Borūjerd, Lorestan, Iran

      In this position, I worked directly with the CFO. I was an expert for several years before this position. In this job, my work was still operational, while some supervisory and controlling aspects were added to my financial duties. I was responsible for controlling financial accounting documents, payroll, warehouse accounting, and property accounting. I also controlled all documents related to the treasury fund and accounting.

    • Exir Pharmaceuticals Company Graphic

      Financial Accountant

      Exir Pharmaceuticals Company

      - 1 year 10 months

      Borūjerd, Lorestan, Iran

      My first work experience started with this position. I started my professional path in life by entering Exir pharmaceutical company (public shares). I joined this company as a financial expert after receiving a master's degree in accounting.
      The plant is the largest national industrial site in the field of human medicine production equipped with the state of the art technology production lines and distinct set of modern laboratory equipment and well-trained personnel and specialists. The…

      My first work experience started with this position. I started my professional path in life by entering Exir pharmaceutical company (public shares). I joined this company as a financial expert after receiving a master's degree in accounting.
      The plant is the largest national industrial site in the field of human medicine production equipped with the state of the art technology production lines and distinct set of modern laboratory equipment and well-trained personnel and specialists. The factory currently produces more than 200 pharmaceutics in various dosages and administration forms ready for the consumer market.

      The company products include pharmaceutical finished forms in various forms; tablets, capsules, ampoules, cartridges, syrups and powder for oral suspension and injectable vials.
      Exir Pharmaceutical Company is one of the largest and most advanced pharmaceutical manufacturers established in 1988, and had been put into operation in 1994. Since the beginning of 2000, the company entered the stock market. We have the mission to manufacture, supply and distribute medicinal products, food supplements and medical devices to enhance the community health by moving on the path of sustainable and balanced development which is our core responsibility.

Education

  • Islamic Azad University Graphic

    Islamic Azad University

    Doctor of Philosophy - PhD Accounting and Finance A+ Excellent - high distinction, work of excellent quality.

    -

    I am delighted to have started my doctoral studies, as it has given me a unique and transformative experience. I have gained a deeper understanding of the philosophical foundations of accounting and finance and have become familiar with proper research and dissertation writing methods. As part of my academic pursuits, I have chosen to focus on the subject of accruals to complete my studies and defend my doctoral thesis. It's worth noting that throughout this academic journey, I have extensively…

    I am delighted to have started my doctoral studies, as it has given me a unique and transformative experience. I have gained a deeper understanding of the philosophical foundations of accounting and finance and have become familiar with proper research and dissertation writing methods. As part of my academic pursuits, I have chosen to focus on the subject of accruals to complete my studies and defend my doctoral thesis. It's worth noting that throughout this academic journey, I have extensively reviewed numerous articles and familiarized myself with various research methods. I have also developed expertise in statistical software and econometrics. I am deeply grateful to my esteemed professors for their guidance and support in this regard.

  • Islamic Azad University Graphic

    Islamic Azad University

    Master of Science - MS Accounting and Finance A+ Excellent - high distincion, work of excellent quality

    -

    The master's degree program was different from what I had in mind. I expected a completely different world than the undergraduate program, but in this program, the materials were mostly repetitive, except for the accounting theory courses, which helped me a lot in understanding. In this program, I read useful books such as Scott, Hendriksen, Wolk, Godfrey, Belkaoui, Watts and Zimmerman's accounting theory books. Finally, I graduated by defending my thesis in the field of intellectual capital.

  • Islamic Azad University Graphic

    Islamic Azad University

    Bachelor of Science - BS Accounting and Finance A+ Excellent - high distincion, work of excellent quality

    -

    During my undergraduate studies, I became familiar with the principles, concepts, and fundamentals of accounting and finance. As I had studied science in high school, this was my first serious introduction to economic and financial concepts. During this period, I studied intensely and spent most of my time learning. Solving long accounting exercises, especially when achieving a correct balance, was very enjoyable.

  • Shahed School Graphic

    Shahed School

    Diploma of Education Empirical science

    -

Licenses & Certifications

Languages

  • English

    Professional working proficiency

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