Chief Financial Officer (CFO)

Job Description

Title: Chief Financial Officer (CFO)

Company Name: Cotton Group

Vacancy: 01

Age: 40 to 55 years

Job Location: Dhaka (Gulshan)

Salary: Negotiable

Experience:

• 10 to 15 years
• The applicants should have experience in the following business area(s): Group of Companies

• 10 to 15 years
• The applicants should have experience in the following business area(s): Group of Companies

• Age 40 to 55 years

Skills & Expertise:

• Accounts and Audit

• VAT/Customs Duty/Income Tax

• Financial/Banking Service

• Trade Finance

• Proven leadership experience

• RMG production related knowledge  

• Expertise in internal controls design and implementation.

• Strong capability to rebuild and restructure teams and implement accountability KPIs.

• Experience transforming manual accounting environments into system-driven operations.

• Ability to work closely with factory operations to control yield, wastage, and batch-level costing.

Educational & Experience Requirements:

• Associate Chartered Accountant (ACA)/Fellow Chartered Accountant (FCA)/Associate Cost and Management Accountant (ACMA)/Fellow Cost and Management Accountant (FCMA)  and Master’s Degree in Finance/Accounting from any recognized university.

• Minimum 10-15 years’ experience in any reputed organization  out of which at least 5 years practical exposure as CFO.

Additional Requirements:

• Ability to work under pressure and adapt to changes.

• Excellent written and verbal communication skills both in Bangla and English.

• Must have literacy in computer operation (Especially in MS Office and Various Software).

• Must be dynamic, energetic, self-motivated and self-organized with a positive attitude.

• Ability to work with Top Management.

• Leadership and Team Management skills.- Must be a calm, empathetic, and people-first leader capable of coaching and uplifting those under and above them.

• Must be disciplined and detail-oriented, with a zero-error mindset aligned with factory operational rigor.

Job Context:

Cotton Group is one of the fastest-growing 100% export-oriented knit garment manufacturers, serving globally recognized brands with quality products and innovative solutions. As we continue to expand, we seek a visionary Chief Financial Officer (CFO) to lead this transformation-bringing structure, strategy, and innovation to our Accounts & Finance operations. The CFO must stabilize, digitize, and professionalize this department while building real-time visibility and eliminating operational leakages.

Why Join Us?

• Competitive compensation package and excellent professional growth opportunities.

• Be part of a high-growth organization with a solid global reputation.

• Lead the financial transformation of the company, including implementing strong internal controls, building real-time reporting capability, and transitioning from manual like processes to a fully digitized ecosystem under development..

Job Responsibilities:

• Independently lead, restructure, and professionalize the Accounts & Finance Department, ensuring accountability, accuracy, and timely reporting.Actively participate in the company’s business planning process, including new ventures

• Prepare the Annual Operation Plan (AOP).

• Preparation of the Annual Budget of the Company

• Responsible for preparation of financial statements, reports of the Company

• Perform risk management by analyzing the organization’s liabilities and investments

• Prepare and present monthly financial reports to management, including divisional profit & loss and budget vs. actual analysis.

• Assess and evaluate organizational financial performance concerning long-term operational goals, budgets, and forecasts.

• Possess strong knowledge of computerized accounting, financial planning, cost management, budgeting, auditing, banking, Tax & VAT, insurance, and related areas.

• Formulate and implement Strategic Business Policies, Protocols, and Standard Operating for financial operations.

• Oversee all month-end closing activities, including general ledger and balance sheet reconciliations, and overhead cost allocation.

• Ensure strong internal controls, compliance, and adherence to financial procedures.

• Supervise, monitor, and control asset management and asset movement.

• Present periodic financial reports to relevant authorities and the Board of Directors (BOD).

• Improve production financial visibility by monitoring material yield, wastage, line efficiency, batch costing, and linking operational KPIs with financial forecasts..

• Coordinate with Commercial and Merchandising departments to ensure timely document

• Submission for efficient fund management.

• Follow up on all import L/C openings, settlements, and related payments.

• Regularly update and implement financial policies and procedures.

• Oversee and govern day-to-day accounting and treasury operations with strong review mechanisms and strict internal control.

• Ensure 100% daily factory-to-HO data submission (inventory, production, costing, and cash).

• Build internal control systems covering cash, procurement, inventory, assets, and compliance to eliminate financial leakages.

• Lead working capital planning including AR aging discipline, AP management, overdraft utilization, and inventory accuracy.

• Drive implementation of department SOPs aligned with global best practices (5S, lean finance, zero-waste accounting).

• Perform any other duties assigned by management.

 Financial Transformation and Systems Leadership

• Lead the transition from manual Tally-based workflows to a structured, SOP-driven, real-time financial environment using new system under development covering Books, Inventory, Contracts and Analytics.

• Establish month-end closing discipline .

• Implement daily cash/bank reconciliation and weekly inventory reconciliation.

• Enforce material receiving control, supplier reconciliation, and digital approval workflows.

• Ensure accurate dual-system (Tally + New System) operation during the transition year.

RMG Sector Experience Not Mandatory

• The candidate should be experienced in financial management, planning, administration, budgeting and auditing along with supervisory capability.

• Proven experience in treasury management, working capital optimization, and banking negotiations.

• Experience leading finance transformation, ERP rollout, or digital implementation in a medium-to-large organization.