Chief Financial Officer
Job Description
Title: Chief Financial Officer
Company Name: Lub-rref (Bangladesh) Ltd.
Vacancy: 01
Job Location: Anywhere in Bangladesh
Employment Status: Full-time
Educational Requirements:
∎ Master of Business Administration (MBA) in Finance, Master of Business Administration (MBA) in Accounting
∎ University of Dhaka,University of Chittagong,North South University,Rajshahi University,BRAC University students will get preference
∎ Preferred Professional Certification: Fellow Chartered Accountants,Fellow Cost Management Accountant
Experience Requirements:
∎ 12 to 15 year(s)
∎ The applicants should have experience in the following area(s):
Accounting and VAT, Accounts and Finance, Commercial/ Export-Import, Strategic Planning, Tax (VAT/ Customs Duty/ Income Tax)
∎ The applicants should have experience in the following business area(s):
Manufacturing (Light Engineering & Heavy Industry)
Job Responsibilities:
∎ Formulate and implement Strategic Business Policies, Protocol, and Standard Operating Procedure (SOP) of Financial Aspect.
∎ Expose financial operation, accounting & reporting, crafting, and developing internal control systems.
∎ Understand taxation policy and lead tax planning for the organization to gain maximum tax benefits with adherence to compliance.
∎ Understand financial laws, tax implications, regulatory mechanisms around investments and advise management for necessary action to save cost, maximize gain;
∎ Ensure all regulatory compliance relating to the Company Act, Income tax, Corporate Tax, Personal Tax, Tax Return, VAT, Company Closing, Company law, etc.
∎ Maintaining liaison with Clients, Tax Department and Company's Finance Advisor & Auditor and deal Company tax issues, direct Tax, and indirect Tax. Timely submission of the return for CIT, VAT.
∎ Costing, Fund Management, Investment, Tax, VAT, Banking issue, budget, Production analysis, Inventory, Business planning analysis, New project analysis, Audit, Cost control, Asset Management, and make companies financial Report.
∎ Dealing audit matter with the audit team in a routine manner to improve systems.
∎ Development of an internal control system to minimize the opportunity for cash mishandling to safeguard the company's assets. Supervise, monitor, and control assets management and movement.
∎ Maintaining and ensuring integrity in the accounting system, ensuring it remains effective and operational at all times as per IAS, IFRS and all others regulatory authorizer's compliance directive.
∎ Monitoring the financial performance of the operation on the company's ERP/ SAP, analyze data, and prepare reports for the management and ERP Automation;
∎ Reviewing and monitoring financial compliance, carry out financial audits;
∎ Reviewing Monthly Management Reports and Project Summary Reports and make recommendations as required;
∎ As a Head of the accounts & finance is accountable for the entire financial and risk management operations of the companies, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.
∎ Oversee the company's transaction processing systems, Implement operational best practices
∎ Implement a proper reporting system for controlling and monitoring all financial transactions.
∎ Oversee accounting statement preparation and their audit;
∎ Ensure effective connection with financial institutions to seek maximum leverage for the organization;
∎ Identify areas of applicable process improvement and cost reduction; guide the team to implement improvement measures; periodically track adherence to schedule and progress achieved.
∎ Keep abreast of trends, legislation and best practices within the financial management field and industry in which the company operates in order to optimize service offering and delivery.
∎ Collaborate with senior management to formulate short and long-term strategic financial objectives and operating strategies for the business, in line with the overall business strategy of the segment, as well as the overall financial strategy of the Group.
∎ Support the development of new business initiatives by studying economic trends and revenue opportunities, unpacking the financial implications and make recommendations regarding the financial viability of new business.
∎ Contribute to the design and development of Group Finance strategies, policies and practices and oversee the implementation of finance strategies, policies and practices within the segment.
∎ Direct and oversee all aspects of the finance functions (accounting, tax, capital management etc.) of the segment, ensuring healthy financial management within the segment.
∎ Manage and minimize the company's financial risk exposure by developing and maintaining systems of internal controls, liaising with Risk Management functions as appropriate.
∎ Keep abreast of trends, legislation and best practices within the financial management field and industry in which the company operates in order to optimize service offering and delivery.
∎ Collaborate with senior management to formulate short and long-term strategic financial objectives and operating strategies for the business, in line with the overall business strategy of the segment, as well as the overall financial strategy of the Group.
∎ Support the development of new business initiatives by studying economic trends and revenue opportunities, unpacking the financial implications and make recommendations regarding the financial viability of new business.
∎ Contribute to the design and development of Group Finance strategies, policies and practices and oversee the implementation of finance strategies, policies and practices within the segment.
∎ Direct and oversee all aspects of the finance functions (accounting, tax, capital management etc.) of the segment, ensuring healthy financial management within the segment.
∎ Manage and minimize the company's financial risk exposure by developing and maintaining systems of internal controls, liaising with Risk Management functions as appropriate.
∎ Other Duties & Responsibilities as assigned by the Management from time to time.
Additional Requirements:
∎ Age 40 to 50 years
∎ Only males are allowed to apply
∎ Hard-working, proactive & able to work under pressure
∎ Must have IT/ PC literacy for performing digitally.
∎ Must have proper knowledge of accounting software.
∎ Corporate Tax Matter:
∎ Potential Tax Planning for a corporate level.
∎ Maintaining Books of records instructed in ITO Rules and Ordinance 1984.
∎ Implementing and ensuring TDS rules/Section at the transaction level.
∎ 75A WTR compiling, filing, and certification thereon.
∎ Ensuring and complying with the guidelines on Advance Income Tax (AIT).
∎ Preparing tax financial statements annually as per Income Tax ordinance and rules.
∎ Computation of annual income tax liability and recording the accounting entries.
∎ Prepare, fill up Annual IT Return, and filing into the govt. Reporting location.
∎ Documents and supporting the collection, organizing, and documentation for hearing.
∎ Adapt to concerns relating to New Tax Rules, SROs, and amendments.
∎ NBR dealings and fill up all requirements connected to the tax authority.
∎ Any order issued by the tax office in case of unsatisfied, in that case, appeal procedures process and deals.
∎ Value Added Tax (VAT):
∎ Preparation and submission of VAT-related reports.
∎ Submit VAT Return and other documents to VAT authority in a timely manner.
∎ Prepare monthly VAT reconciliation.
∎ Handling of VAT case related works.
∎ Coordinating and support services for VAT audit conducted by VAT authorities.
∎ Liaison and closely work with VAT regulators and solve the barriers related to company VAT issues.
∎ The incumbent should have proficiency and working experience at any Public Listed Company
Salary: Negotiable
Compensation & Other Benefits:
∎ T/A, Mobile bill, Tour allowance, Provident fund, Insurance, Gratuity
∎ Lunch Facilities: Partially Subsidize
∎ Salary Review: Yearly
∎ Festival Bonus: 2
Application Deadline: 23 Dec 2020
Company Information:
∎ 23 Nov 2020
∎ Lub-rref (Bangladesh) Ltd.
∎ Address : B-6 (Part) 9-10, 23-24, BSCIC I/E, Block-A, P.O. Custom Academy, Sagarika Road, Chittagong- 4219., Bangladesh. Phone: +088- 031-751995, 031-2770019, 031-2770036, Fax: 00880-31-751091
∎ Web : www.lub-rref.com
∎ Business : (An ISO 9001: 2008 Certified Company)
Manufacturing & Marketing of Lubricating Oil.
Category: Accounting/Finance
Source: bdjobs.com
Deadline Expired on 23rd Dec 2020
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