Executive / Senior Executive – Factory Accounts

Job Description

Title: Executive / Senior Executive – Factory Accounts

Company Name: A Well Reputed Manufacturing Organization

Vacancy: --

Age: 28 to 35 years

Job Location: Anywhere in Bangladesh

Salary: Negotiable

Experience:

• 4 to 5 years
• The applicants should have experience in the following business area(s): Manufacturing (Light Engineering and Heavy Industry), Group of Companies

• Master of Business Administration (MBA) in Accounting

• 4 to 5 years
• The applicants should have experience in the following business area(s): Manufacturing (Light Engineering and Heavy Industry), Group of Companies

• Age 28 to 35 years

• The applicants should have experience in the following business area(s):Manufacturing based company (Plastic, Rubber, Shoe factory, Food (Packaged)/Beverage etc).

• Advanced knowledge in computer literacy with MS Office (Specially Advance Excel) - Mendatory      

• Have good knowledge about ERP .        

• Excellent in interpersonal & communication skills.

• Good team player, well-organized, initiative and detail-oriented.

• Verify and process factory bills, vouchers, supporting documents, and payment requests in accordance with company policies and approval procedures.

• Manage factory petty cash and maintain accurate records of all cash transactions, payments, and supporting documents.

• Maintain daily cash management and ensure adequate cash availability for factory operational requirements.

• Monitor petty cash and imprest fund utilization, prepare utilization statements, and perform variance analysis against approved limits and budgets.

• Prepare and submit fund requisitions to the Corporate Office based on approved factory requirements and cash flow needs.

• Ensure timely submission of bills, vouchers, and supporting documents to the Corporate Office for accounting and settlement purposes.

• Maintain cost-center-wise records of factory expenses and monitor expenditure against the approved budget/business plan (BP).

• Analyze factory expenses and identify significant variances, cost overruns, and opportunities for cost optimization and control.

• Verify and record factory wages and related payments, ensuring proper documentation and accuracy of records.

• Verify, record, and monitor factory conveyance expenses and other operational expenses in accordance with approved policies.

• Ensure adequate provision/accrual for monthly factory expenses during month-end closing and reconcile provisions with actual expenses.

• Review and verify daily Goods Receipt Notes (GRNs) and returned products at the factory to ensure proper documentation and accounting records.

• Coordinate with relevant factory departments to investigate the root causes of wastage, scrap, inventory discrepancies, and other financial variances.

• Analyze inventory variances and identify root causes of discrepancies, shortages, excesses, or abnormal movements, and recommend corrective actions.

• Identify, verify, and properly record factory assets, ensuring accurate maintenance of the fixed asset register and asset schedules.

• Conduct periodic verification of factory assets and coordinate with relevant departments regarding asset additions, transfers, disposals, and discrepancies.

• Maintain proper documentation and records for all factory accounting transactions and ensure completeness and accuracy of financial information.

• Support month-end and year-end closing activities by providing accurate factory-related financial information, schedules, reconciliations, and supporting documents.

• Assist in internal and external audit activities by providing required documents, explanations, reconciliations, and supporting schedules related to factory accounts.

• Ensure compliance with company financial policies, accounting procedures, internal controls, approved budgets, and applicable rules and regulations.

• Prepare regular reports on factory cash position, expenses, budget utilization, inventory variances, wastage, scrap, and other relevant financial matters as required by management.

• Identify weaknesses in existing financial processes and recommend measures to strengthen internal controls and improve operational efficiency.

• Perform any other accounts, finance, or financial-control-related responsibilities assigned by the management/supervisor from time to time.

• T/A,Mobile bill,Insurance
• Lunch Facilities: Partially Subsidize
• Salary Review: Yearly
• Festival Bonus: 2