Chief Financial Officer (CFO) - RMG Business

Job Description

Title: Chief Financial Officer (CFO) - RMG Business

Company Name: A Reputed Group of Companies

Vacancy: --

Age: At least 35 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• At least 15 years
• The applicants should have experience in the following business area(s): Multinational Companies, Garments, Textile, Buying House, Group of Companies, Packaging Industry, Garments Accessories, Spinning

• Must be a graduate from a reputed university.

• Must be a Fellow Chartered Accountant (FCA).

• CMA qualification will be considered an added advantage.

• At least 15 years
• The applicants should have experience in the following business area(s): Multinational Companies, Garments, Textile, Buying House, Group of Companies, Packaging Industry, Garments Accessories, Spinning

• Age At least 35 years

• Minimum of 15 years of relevant experience, including 2-3 years with a proven track record in financial controlling and leading large industry groups.

• Strong understanding of operational issues and policy work at state, national, and international levels.

• Comprehensive and current knowledge of development concepts, methodologies, and techniques, with demonstrated expertise.

• Exceptional management and leadership abilities, with skills in facilitation and capacity-building, fostering strong connections between senior officials, management, and boards.

• Excellent conceptual, analytical, documentation, and presentation skills.

• 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.

• Salary Review: Yearly
• Festival Bonus: 2