Chief Financial Officer (CFO) - RMG Division
Job Description
Title: Chief Financial Officer (CFO) - RMG Division
Company Name: A Large Group of Companies
Vacancy: Not specific
Job Location: Dhaka
Employment Status: Full-time
Educational Requirements:
∎ M. Com. in Accounting/Finance/AIS from any reputed University;
∎ Fellow of Chartered Accountant (FCA) are allowed to apply;
Experience Requirements:
∎ At least 18 year(s)
Job Context:
∎ The role of this position requires to support the Divisional- COO and BOD to take proper and timely decisions by providing various analytical reports collected from the Group Finance & Accounts and Cost & Budget team. He has to establish the controlling environment for both operational and financial. His reports and initiative will help the top management to achieve the divisional goals and objectives.
∎ The position is accountable for growth & control of the entire RMG Division by effectively managing financial accounting, Management Accounting, Budgeting and Internal Controls.
Job Responsibilities:
∎ Financial Analysis, Budgeting and Forecasting:
∎ Closely work with Divisional COO regarding various operational and financial KPI's by coordinating with group F & A and C & B team.
∎ Prepare and present monthly financial reports including monthly profit and loss by division, budget vs. actual for Fabric Division
∎ Formulate Variance Analysis report of the Profit & Loss for respective business Units;
∎ Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
∎ Develop and maintain monthly operating budget and annual company operating budget.
∎ Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts;
∎ Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team.
∎ Financial Controlling:
∎ Implement and report proper Controlling system for both financial and operational activities;
∎ Enhance and implement financial and accounting systems, processes, tools and control systems
∎ Cash Flow Management and Following up Cash Forecast;
∎ Implement timely internal Controls and proper Finance Work Flow;
∎ Monitoring and Controlling AP, AR, Production and Administrative Expenses;
∎ Ensure timeliness and accuracy of financial and management reporting data and provide to reporting lines and business head;
∎ Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation;
∎ Financial Reporting
∎ Create and establish yearly financial objectives that align with the company's plan for growth and expansion.
∎ Make sure to maintain Accuracy, Transparency and Control in Financial Reporting;
∎ Provide Monthly Finance Review;
∎ Periodic report presentation to the respective authorities and BOD's;
∎ Banking and Financing:
∎ Maintain Smooth Cash Flow of concerned Units
∎ Negotiate and monitor the Bank Interest and Charges
∎ Satisfy the Lenders' requirements and liaise with Lenders and Institutions.
∎ Production Monitoring and Fabric Sales & Marketing:
∎ Monitor and involve in the Production Efficiency and co-relate Production Efficiency with Cash Forecast Efficiency.
∎ Involve and monitor the Capacity Planning and co-relate the Export Projection with the Cash Forecast.
∎ Be able to do the pre Costing and compare with Post Costing with Variance Analysis for each Style
∎ Be involved in the Waste Material Management and find tools to mitigate and manage wastage.
∎ Be involved and control the Machine deployment and movement.
∎ Commercial:
∎ Monitor the Export Register and follow up the Payments from the Customers and reconcile the Ex-Factory with Export Invoices of the Sales.
∎ Monitor and Control the Logistics and Demurrages and Port Handling Charges and monitor the Imports and Export Documentation and process
∎ Formulate Budgeting and Reporting and Controlling Variance Analysis of the Profit & Loss for respective business Units;
∎ Negotiate the Commercial-related expenses and Charges with Comparisons.
∎ Inventory Management:
∎ Monitor the Inventory (physical and in the system) on a periodical basis and Assure and Control the Stores Documentation procedures.
∎ Control and monitor the procedure of the additional Material Issues.
Additional Requirements:
∎ At least 18 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;
Compensation & Other Benefits:
∎ We offer excellent work environment, attractive compensation package and performance-based career progression.
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 10 Mar 2022
Company Information:
∎ 3 Mar 2022
∎ A Large Group of Companies
Category: Accounting/Finance
: Interested candidate satisfying above requirements please send a complete CV with a recent color photograph mentioning only "Chief Financial Officer (CFO) - RMG Division" in the subject field.
Source: bdjobs.com
Deadline Expired on 10th Mar 2022
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