Job Description

Title: Chief Financial Officer (CFO)

Company Name: A Reputed Group of Companies

Vacancy: --

Location: Dhaka

Salary: Negotiable

Experience:
∎ At least 15 years
∎ The applicants should have experience in the following business area(s):Garments, Textile, Buying House, Group of Companies, Garments Accessories

Published: 12 May 2024

Education:
∎ Master of Business Administration (MBA) in Finance
∎ Master of Business Administration (MBA) in Accounting & Information System
∎ Master of Business Administration (MBA) in Cost & Management Accounting
∎ University of Dhaka,Jahangirnagar University,North South University,University of Chittagong students will get preference

Requirements:

Additional Requirements:
∎ MBA/ M. Com. in Accounting/Finance/AIS from any reputed University;
∎ Fellow of Chartered Accountant (FCA) /Fellow Cost Management Accountant (FCMA) is must;
∎ At least 15 years of experience in relevant field out of which 2-3 years proven track record in finance controlling, leading an managing a large Group of Industries;
∎ In-depth understanding of operational issues and policy work at state, national and international levels;
∎ Sound and up-to-date knowledge of development concepts, methodologies and techniques including demonstrated expertise;
∎ Excellent management leadership skills as well as facilitation and capacity building for inter-linkages between Senior Officials and Management/ BODs;
∎ Conceptual, analytical, documentation and presentation skills;
∎ Proficiency in English language and a familiarity with the particular country environment as if effects development strategies
∎ MBA/ M. Com. in Accounting/Finance/AIS from any reputed University;
∎ Fellow of Chartered Accountant (FCA) /Fellow Cost Management Accountant (FCMA) is must;
∎ At least 15 years of experience in relevant field out of which 2-3 years proven track record in finance controlling, leading an managing a large Group of Industries;
∎ In-depth understanding of operational issues and policy work at state, national and international levels;
∎ Sound and up-to-date knowledge of development concepts, methodologies and techniques including demonstrated expertise;
∎ Excellent management leadership skills as well as facilitation and capacity building for inter-linkages between Senior Officials and Management/ BODs;
∎ Conceptual, analytical, documentation and presentation skills;
∎ Proficiency in English language and a familiarity with the particular country environment as if effects development strategies

Responsibilities & Context:
∎ Support the Divisional CEO and Board of Directors by providing various analytical reports derived from the Group Finance & Accounts and Cost & Budget teams to facilitate proper and timely decision-making.
∎ Establish and maintain a controlling environment for both operational and financial aspects to ensure adherence to organizational goals and objectives.
∎ Collaborate closely with the Divisional CEO to manage financial accounting, management accounting, budgeting, and internal controls effectively.
∎ Prepare and present monthly financial reports, including profit and loss by division and budget versus actual analysis for respective concerns.
∎ Formulate variance analysis reports for the profit & loss of respective business units to identify areas for improvement and optimization.
∎ Identify, develop, and execute analyses of business initiatives, product launches, and new service offerings to drive growth and profitability.
∎ Develop and maintain monthly operating budgets and annual company operating budgets aligned with the company's growth and expansion plans.
∎ Assess and evaluate the financial performance of the organization concerning long-term operational goals, budgets, and forecasts.
∎ Participate in weekly conference calls with lenders, vendors, and the executive leadership team to ensure effective communication and alignment with organizational objectives.
∎ Implement and report on proper controlling systems for both financial and operational activities to enhance efficiency and transparency.
∎ Enhance and implement financial and accounting systems, processes, tools, and control systems to streamline operations and mitigate risks.
∎ Manage cash flow and follow up on cash forecasts to ensure adequate liquidity for operational needs.
∎ Implement timely internal controls and proper finance workflow to maintain accuracy and integrity in financial reporting.
∎ Monitor and control accounts payable, accounts receivable, production, and administrative expenses to optimize resource utilization.
∎ Ensure the timeliness and accuracy of financial and management reporting data, providing it to reporting lines and business heads.
∎ Review all month-end closing activities, including general ledger accounts, balance sheet accounts, and overhead cost allocation, to ensure completeness and accuracy.
∎ Create and establish yearly financial objectives aligned with the company's plan for growth and expansion to drive sustainable performance.
∎ Maintain accuracy, transparency, and control in financial reporting to meet regulatory requirements and stakeholders' expectations.
∎ Present periodic reports to the respective authorities and Board of Directors to provide insights into financial performance and strategic initiatives.
∎ Maintain smooth cash flow of concerned units by managing bank interest, charges, and lender requirements effectively.
∎ Negotiate and monitor commercial-related expenses and charges to optimize cost efficiency and profitability.
∎ Monitor inventory levels and assure control over store documentation procedures to prevent discrepancies and losses.
∎ Control and monitor additional material issues and waste material management to minimize costs and environmental impact.
∎ Oversee machine deployment and movement to ensure optimal utilization and efficiency.
∎ Support the Divisional CEO and Board of Directors by providing various analytical reports derived from the Group Finance & Accounts and Cost & Budget teams to facilitate proper and timely decision-making.
∎ Establish and maintain a controlling environment for both operational and financial aspects to ensure adherence to organizational goals and objectives.
∎ Collaborate closely with the Divisional CEO to manage financial accounting, management accounting, budgeting, and internal controls effectively.
∎ Prepare and present monthly financial reports, including profit and loss by division and budget versus actual analysis for respective concerns.
∎ Formulate variance analysis reports for the profit & loss of respective business units to identify areas for improvement and optimization.
∎ Identify, develop, and execute analyses of business initiatives, product launches, and new service offerings to drive growth and profitability.
∎ Develop and maintain monthly operating budgets and annual company operating budgets aligned with the company's growth and expansion plans.
∎ Assess and evaluate the financial performance of the organization concerning long-term operational goals, budgets, and forecasts.
∎ Participate in weekly conference calls with lenders, vendors, and the executive leadership team to ensure effective communication and alignment with organizational objectives.
∎ Implement and report on proper controlling systems for both financial and operational activities to enhance efficiency and transparency.
∎ Enhance and implement financial and accounting systems, processes, tools, and control systems to streamline operations and mitigate risks.
∎ Manage cash flow and follow up on cash forecasts to ensure adequate liquidity for operational needs.
∎ Implement timely internal controls and proper finance workflow to maintain accuracy and integrity in financial reporting.
∎ Monitor and control accounts payable, accounts receivable, production, and administrative expenses to optimize resource utilization.
∎ Ensure the timeliness and accuracy of financial and management reporting data, providing it to reporting lines and business heads.
∎ Review all month-end closing activities, including general ledger accounts, balance sheet accounts, and overhead cost allocation, to ensure completeness and accuracy.
∎ Create and establish yearly financial objectives aligned with the company's plan for growth and expansion to drive sustainable performance.
∎ Maintain accuracy, transparency, and control in financial reporting to meet regulatory requirements and stakeholders' expectations.
∎ Present periodic reports to the respective authorities and Board of Directors to provide insights into financial performance and strategic initiatives.
∎ Maintain smooth cash flow of concerned units by managing bank interest, charges, and lender requirements effectively.
∎ Negotiate and monitor commercial-related expenses and charges to optimize cost efficiency and profitability.
∎ Monitor inventory levels and assure control over store documentation procedures to prevent discrepancies and losses.
∎ Control and monitor additional material issues and waste material management to minimize costs and environmental impact.
∎ Oversee machine deployment and movement to ensure optimal utilization and efficiency.

Compensation & Other Benefits:
∎ Salary Review: Yearly
∎ Festival Bonus: 2
∎ We offer excellent work environment, attractive compensation package and performance-based career progression.
∎ We offer excellent work environment, attractive compensation package and performance-based career progression.

Workplace:
∎ Work at office

Employment Status: Full Time

Job Location: Dhaka

Company Information:
∎ A Reputed Group of Companies

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Application Deadline: 19 May 2024

Category: Accounting/Finance