Deputy/Assistant Manager- Budget & Cost

Job Description

Title: Deputy/Assistant Manager- Budget & Cost

Company Name: A Leading Knit Composite Group of Company

Vacancy: 02

Age: 32 to 38 years

Job Location: Chattogram

Salary: Negotiable

Experience:

• 4 to 5 years
• The applicants should have experience in the following business area(s): Garments, Textile

• MBA/M.Com in Accounting/Finance from any reputed university
• Certification: CA-CC/CMA, CGA, CS Partly qualified
• Training: Candidates having professional training on knit garments & textiles will be an added advantage

• 4 to 5 years
• The applicants should have experience in the following business area(s): Garments, Textile

• Age 32 to 38 years

• Strong knowledge on Textiles & Apparel industry Budgeting and Costing

• Assist HOD to Create and draft Monthly/Quarterly/annual or project-specific budgets in collaboration with other departments, ensuring they align with the organization's financial goals.

• Check the cost sheets for each product style or batch to determine the accurate cost price.

• Strong Knowledge about YOY Budgeting-sales, Capacity, OPEX and CAPEX.

• Analyses cost variances, identify trends, prepare detailed reports on expense analyses and provide actionable insights to senior management for decision-making.

• Implement best practices in budget methodology to improve accuracy and efficiency across all departments.

• Maintain up-to-date records of costing data, including raw material prices, labor rates, and overhead costs.

• Prepare regular and ad hoc costing reports for management, highlighting key cost drivers and variances.

• Analyze the impact of different cost factors on product profitability and advice on adjustments to improve margins.

• Continuously assess and refine costing methodologies to improve accuracy and efficiency.

• Assist budgeting processes by compiling data from various departments to create comprehensive forecasts.

• Design effective budget models for departments as well as the organization.

• Collaborate with the design and production teams to calculate the cost of new designs, prototypes and product samples.

• Ensure department managers meet budget submission deadlines.

• Design and implement effective budgeting policies and procedures.

• Gathers historical cost data (labor, depreciation, operating expenses, etc.), to compare budgets with actual expenses.

• Other reporting requirements as advised from time to time.

• Provident fund,Insurance
• Salary Review: Yearly
• Festival Bonus: 2

• EL encashment

• Transport facility