Assistant Manager / Deputy Manager – Accounts & Finance

Job Description

Title: Assistant Manager / Deputy Manager – Accounts & Finance

Company Name: B.A.G Footwear

Vacancy: --

Age: Na

Job Location: Anywhere in Bangladesh

Salary: --

Experience:

• 3 to 5 years
• The applicants should have experience in the following business area(s): Tannery/Footwear

• Master of Business Administration (MBA)

• Master’s Degree in Accounting, MBA in Accounting

• Professional qualification (CA-CC is preferred).

• 3 to 5 years
• The applicants should have experience in the following business area(s): Tannery/Footwear

Experience Requirements:

• 3–5 years of experience in Accounts & Finance.

• Experience in Footwear / Leather / Manufacturing industry is highly preferred.

Key Skills & Competencies:

• Strong knowledge of accounting principles and financial reporting

• Costing and inventory management expertise

• Knowledge of VAT, Tax, and compliance regulations

• Proficiency in Excel and accounting software

• Analytical and problem-solving skills

• Good communication and teamwork abilities

Additional Requirements (Industry-Specific):

• Understanding of footwear & leather goods related procurement and processing costs preferable.

• Familiarity with manufacturing business operations

• Ability to work closely with production and supply chain teams

Department:

• Finance & Accounts

Reporting To:

• Board of Directors

Job Summary: The Assistant Manager / Deputy Manager – Accounts & Finance is responsible for managing day-to-day financial operations, ensuring accurate accounting, compliance with statutory requirements, cost control, and financial reporting. This role also focuses on inventory costing, export-import financial handling, and production cost analysis.

Key Responsibilities:

• Financial Accounting & Reporting

• Prepare monthly, quarterly, and annual financial statements.

• Maintain general ledger, journal entries, and reconciliations.

• Ensure compliance with accounting standards and company policies.

• Assist in budget preparation and variance analysis.

Costing & Inventory Management

• Monitor production costing (raw materials, labor, overheads).

• Maintain accurate records of inventory (Raw Materials, finished goods & others).

• Analyze cost per unit and identify cost-saving opportunities.

• Coordinate with production and warehouse teams for stock verification.

• WIP Tracking: Monitor Work-in-Progress (WIP) across various stages—tanning, cutting, stitching, and lasting.

• BOM Analysis: Validate the Bill of Materials (BOM) for different footwear articles to ensure leather consumption and chemical usage align with standard costs.

• Inventory Valuation: Conduct monthly physical verification of raw materials, and finished goods; reconcile variances between floor stock and the Software system.

• Waste Management: Account for "wastage" and "rejection" rates in material cutting & usages ensuring these are reflected in the final product cost

Accounts Payable & Receivable

• Supervise vendor payments and ensure timely disbursement.

• Monitor receivables and follow up on outstanding payments.

• Reconcile supplier and customer accounts.

Banking & Cash Management

• Manage daily cash flow and bank transactions.

• Prepare bank reconciliation statements.

• Handle LC (Letter of Credit), export/import documentation, and payments.

• LC Management: Oversee the opening and settlement of Letters of Credit (LC) for importing chemicals, machinery, and raw skins.

• Cash Flow: Maintain daily cash flow statements to ensure adequate liquidity for procurement cycles and payroll

Taxation & Compliance

• Ensure compliance with VAT, Tax, and other statutory regulations.

• Prepare and submit VAT returns and tax reports.

• Coordinate with auditors and regulatory authorities.

Audit & Internal Control

• Assist in internal and external audits.

• Ensure proper documentation and audit trails.

• Strengthen internal control systems to prevent financial discrepancies.

ERP & System Management

• Work with ERP/accounting software (e.g., SAP, Oracle, Tally).

• Ensure accurate data entry and reporting from systems.

• Support system improvements and automation initiatives.

Financial Analysis & Decision Support

• Provide financial insights to management.

• Analyze profitability of products (especially different footwear lines).

• Support strategic decisions with data-driven reports.