AGM / Sr. Manager – Cost & Budget

Job Description

Title: AGM / Sr. Manager – Cost & Budget

Company Name: Fakir Knitwears Ltd.

Vacancy: 01

Age: At least 40 years

Job Location: Narayanganj

Salary: Negotiable

Experience:

• At least 15 years
• The applicants should have experience in the following business area(s): Garments, Spinning

• Master of Commerce (MCom) in Accounting

• Professional certification such as CMA, CA (Part), CIMA, or equivalent will be considered an added advantage.

• At least 15 years
• The applicants should have experience in the following business area(s): Garments, Spinning

• Age At least 40 years

• Must be capable of independently managing the full Costing Department alongside organization-wide annual budgeting and cost-control functions

• Expert-level knowledge of garment and knitwear costing, fabric consumption, CM calculation, trims costing, overhead, and profit margin.

• Strong knowledge of budget preparation, variance analysis, and financial planning for a manufacturing organization.

• Strong understanding of dyeing, knitting, and finishing processes and their cost implications in a knitwear setup.

• Proficiency in MS Excel (advanced level) for cost/budget modeling, scenario analysis, and reporting; ERP experience is a strong plus.

• Excellent analytical, numerical, and problem-solving skills with high attention to detail.

• Good communication skills in English, both written and spoken, for buyer interaction and management reporting.

• Strong leadership, coordination, and team management capabilities.

Fakir Knitwears Ltd., one of Bangladesh's leading knitwear and garment manufacturing organizations under the Fakir Group, is seeking a highly experienced and technically proficient professional for the position of AGM / Sr. Manager – Cost & Budget at its Narayanganj facility. The incumbent will be responsible for leading and managing all functions of the Costing Department alongside organization-wide budgeting and cost-control activities — from pre-costing and order-wise costing to annual budget preparation, cost variance analysis, and profitability reporting. This is a strategic and senior-level role requiring comprehensive mastery of garment and knitwear costing combined with strong financial planning and budgetary control expertise. The ideal candidate must be capable of managing a team, working with multiple international buyers, and contributing directly to management decision-making through accurate and timely cost and budget data.

Lead and manage all activities of the Costing Department — including pre-costing, final costing, order-wise cost analysis, and post-shipment cost reconciliation.

Prepare accurate and detailed garment/knitwear cost sheets including fabric consumption, trims & accessories, CM (Cut & Make), overhead allocation, and profit margin calculation.

Conduct pre-costing at the sampling/development stage and provide competitive cost breakdowns to the Merchandising and Marketing teams for buyer negotiations.

Analyze and calculate fabric consumption (knitting, dyeing, finishing) along with wastage factors to ensure accurate costing for each style/order.

Prepare the organization's Annual Budget covering production, factory overhead, administrative, and capital expenditure across all units.

Develop department-wise and unit-wise budgets in coordination with Production, Commercial, HR, and Finance departments; consolidate into a master budget.

Monitor monthly and quarterly budget vs. actual performance; analyze variances and present corrective action recommendations to management.

Calculate Cost of Goods Sold (COGS), contribution margin, and order profitability for each buyer and style; present reports to senior management.

Develop and maintain standard costing rates for direct labor, machine utilization, and factory overhead in coordination with Finance and Production.

Coordinate with Merchandising, Production, Procurement, and Finance teams to collect accurate input costs and ensure costing reflects real operational data.

Support the Merchandising team during buyer price negotiation by providing detailed cost justification and alternative cost scenarios.

Conduct cash flow forecasting and capital expenditure planning in alignment with the approved annual budget.

Prepare order-wise profitability reports, monthly costing/budget summaries, and management dashboards for senior leadership review.

Conduct periodic cost audits and benchmarking to identify areas for cost reduction, budget optimization, and operational efficiency improvement.

Ensure timely submission of cost sheets for all new developments, bulk orders, and repeat orders as per buyer/merchandising deadlines.

Train and develop junior costing and budgeting team members; build capacity and ensure knowledge transfer within the department.

• Provident fund,Mobile bill,Insurance
• Lunch Facilities: Partially Subsidize
• Salary Review: Yearly
• Festival Bonus: 2

• Service Benefit

• Transport