Chief Financial Officer (CFO)

Job Description

Title: Chief Financial Officer (CFO)

Company Name: Ring shine textiles limited

Vacancy: 1

Age: Na

Job Location: Dhaka (Savar EPZ)

Salary: Negotiable

Experience:

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

• Master of Commerce (MCom) in Accounting

• Master`s Degree in Accounting with Preferred Professional Certification: FCA/ACA

• IBA, Dhaka University, University of Dhaka,and BRAC studentswill get preference

• Professional Qualification: FCA will get preference

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

• Only Male

• At least 15 years with a minimum of 5 years working experience as CFO in any manufacturing listed company

• The applicants should have experience in the following area(s): Accounts and Finance

• Incumbent should have practical experience with SAP

• The applicants should have experience in the following business area(s):

• Spinning & Textile and Garments. However, the Textiles sector will be given preference. The incumbent should have proficiency and working experience at any publicly listed Company

• In-depth understanding of operational issues and policy work at the 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;

• Must know about corporate finance, composite finance, SME finance, LC, LTR, UPAS LC, CC, Bank Guarantee, Business loan, Car loan, Personal Loan, Home Loan, all kinds of term loans, funded or non-funded finance, etc.

• Knowledge in GFET, import/export policy, TBML, CRM Policy, relevant circulars and guidelines (external and internal), loan documentation, etc.

• Conceptual, analytical, documentation, and presentation skills;

• Proficiency in the English language and familiarity with the particular country environment as it affects development strategies;

Ring Shine Textiles Ltd. is considered to be the most trusted & reliable national Textiles manufacturer and supplier of quality products in the country, which facilitates and adds considerable value to its business processes in providing consistently with high-quality products of international standards in the local and international market at a competitive price because we are Bangladesh’s largest fully integrated textile company with a dominant presence in the Cotton and Polyester segments. In doing so, the company shall endeavor to establish a loyal and mutually rewarding relationship with customers, employees, associates, and shareholders of the company. To attain the ultimate goal, management is searching Chief Financial Officer (CFO) having a robust professional attachment and extensive experience in the manufacturing industry, depending on the following Job Responsibilities and Job Specification;

Job Responsibilities

• Overall responsibilities of management reporting covering all financial aspects.

• Analyzes financial statements and prepares reports and recommendations to the top Management concerning financial performance.

• Good Knowledge about financial management, including financial planning, budget, and control to obtain the highest service advantage with a minimum cost impact.

• Monitor monthly performance reporting, financial statements, and KPI`s

• Factory Performance Evaluation and efficiency analysis.

• Understand taxation policy and lead organization tax planning to gain maximum tax benefits with adherence to compliance with all Laws, Rules,& Regulations.

• Understand financial laws, tax implications, regulatory mechanisms around investments, and advise management for necessary action to save cost & maximize gain

• Designing, implementing, controlling, and supervising all types of finance, accounts & costing matters,complyingwith regulatory policies and procedures, preparing up-to-date MIS and various reports, profit margin report, bank reconciliation for the management and BODs.

• Coordinate in the preparation of the annual budget, Banking liability & overdue statement

• Prepare and submit monthly business results with variance analysis to the top management

• Assure books/records and systems are kept according to accounting standards

• Monitor Working Capital and recommended improvement areas.

• Review financial statements to prepare consolidated financial statements periodically, half-yearly and annually.

• Prepare, coordinate, and review annual budgets and its timely submissions.

• Oversee Corporate Insurance and Risk Management.

• Assess and evaluate the financial performance of the organization concerning long-term operationalgoals, budgets, and forecasts;

• Develop management reporting/ analytical tools/ key indicators for the accounts and finance section.

• Focus on cost saving, efficiency programs, Product profitability, Cost Reduction Policy, and Investment Analysis

• Work with various department heads to upgrade internal controls, reporting systems, corporatepolicies & procedures, and implementation of the same where needed.

• Ensure proper JD and KPIs are set for subordinates, evaluate staff performance and provide feedback, mentor for improvement, ensure discipline, identify training needs & facilitate training, and manage their career development

• Attractive salary package and gratuity

• Two festival bonus

• Lunch subsidy

• Mobile bill

• Transport facility