Asst. Manager/Deputy Manager, Cost & Budget

Job Description

Title: Asst. Manager/Deputy Manager, Cost & Budget

Company Name: DEKKO Legacy Group

Vacancy: --

Age: At least 27 years

Job Location: Anywhere in Bangladesh

Salary: Negotiable

Experience:

• At least 5 years
• The applicants should have experience in the following business area(s): Manufacturing (FMCG), Manufacturing (Light Engineering and Heavy Industry), Garments, Group of Companies

• Bachelor/Honors

• At least 5 years
• The applicants should have experience in the following business area(s): Manufacturing (FMCG), Manufacturing (Light Engineering and Heavy Industry), Garments, Group of Companies

• Age At least 27 years

Expertise in Advance excel / Power point

• Collaborate with cross-functional teams to gather data for cost analysis and ensure alignment with financial goals.

• Collaborate with cross-functional teams including production, procurement, marketing and finance to optimize resource allocation.

• Prepare detailed reports on cost variances, profitability analysis, and budget forecasting for management review

• Analyze cost variances, identify trends, prepare detailed reports on costing analyses and provide actionable insights to senior management for decision-making.

• Implement best practices in costing methodology to improve accuracy and efficiency across all departments.

• Monitor inventory levels and ensure accurate financial reporting related to stock valuations.

• Lead budgeting processes by compiling data from various departments to create comprehensive forecasts.

• Implement continuous improvement initiatives aimed at cost reducing

• Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.

• Design effective budget models for departments as well as the organization.

• Analyze financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget.

• Review budget requests for approval.

• Identify variances between actual and budgeted financial results at the end of each reporting period.

• Ensure department managers meet budget submission deadlines.

• Design and implement effective budgeting policies and procedures.

• Lead the transition from the existing cost environment to a new standard cost system.

• Gathers historical cost data (materials, labor, depreciation, operating expenses, etc.), to compare budgets with actual expenses.

• Perform financial analysis and forecast revenue and expenses of projects.

• Other reporting requirements as advised from time to time.

• Create and maintain comprehensive databases for MIS reporting, ensuring data integrity and accessibility.

• To ensure timely submission of MIS to the management.