Deputy Manager/ Manager-Budgeting and Cost Control

Job Description

Title: Deputy Manager/ Manager-Budgeting and Cost Control

Company Name: Bombay Sweets & Co. Ltd.

Vacancy: --

Age: 25 to 35 years

Job Location: Dhaka

Salary: Negotiable

Experience:

• 5 to 7 years

• BBA/MBA in Accounting from any reputed University

• ACA/CA CC or equivalent having minimum 3 years’ experience in internal audit and compliance in any FMCG Company.       

• 5 to 7 years

• Age 25 to 35 years

• May require to visit factory as and when required

• Strong interpersonal skills in dealing with different department of the business.

• Collaborate with department heads to formulate budgets that reflect realistic cost projections.             

• Monitor spending to ensure it does not exceed budget limits and adjust forecasts based on operational changes or strategic shifts within the company.            

• Provide monthly, quarterly, and annual budget reports to senior management detailing performance against benchmarks.              

• Conduct thorough reviews and audits of all expenses across the company to ensure costs are aligned with approved budgets.              

• Analyze current expenditures, identify cost drivers, and assess the correlation between activities and expenses.              

• Utilize accounting systems and software to track costs and report irregularities or variances from expected spending levels.             

• Identify inefficient cost structures and propose modifications to enhance efficiency and reduce expenses without compromising on quality or output.             

• Implement cost-saving initiatives that may include renegotiating contracts, consolidating purchases, or finding more cost-effective operational methods.            

• Lead cross-departmental initiatives to find synergies and cost-saving opportunities.         

• Prepare detailed reports and presentations for executive management that explain cost trends, potential risks, and the impact of current cost-saving measures.         

• Recommend financial actions by analyzing accounting options, suggesting potential acquisitions or divestitures based on cost structures.          

• Influence and advice on the financial implications of business decisions, including long-term planning, introduction of new strategies, and regulatory impact.

• Work closely with procurement, operations, and all other departments to align cost management strategies with company objectives.              

• Communicate with suppliers and contractors to negotiate terms of service and products to lower purchasing costs (if and when required).              

• Review procurement and operational policies for compliance with financial legal standards.             

• Coordinate with compliance officers to ensure at financial practices adhere to regulatory requirements.             

• Any other jobs as assigned by the management time to time.

• Provident fund,Gratuity
• Festival Bonus: 2