Finance Manager

Job Description

Title: Finance Manager

Company Name: Pentex Limited

Vacancy: 1

Job Location: Anywhere in Bangladesh

Employment Status: Full-time

Job Context:
∎ A new role has been created for a Finance Manager to join this rapidly expanding fashion company. Pentex Ltd is a main supplier of private label apparel to high streets across Europe, North America and the UAE. The company`s HO is in London, with a subsidiary branch in Dhaka, this is where the position is based.
∎ The Dhaka office has developed and grown over the years
∎ You will be working closely with the Country Manager in Bangladesh. The role reports to the Finance Director in London.

Job Responsibilities:
∎ Reporting: Monthly Management Accounts
∎ Profit and Loss for the Office and Sample Production site
∎ Balance Sheet
∎ Expense reports
∎ Analyse variance to budget
∎ Finance compliance and control, duties include:
∎ Liaising with tax office
∎ Monitor petty cash, reconcile, collate receipts
∎ Arranging payment of local invoices
∎ Bank reconciliations
∎ Filing of annual returns/ compliance
∎ Reviewing/ checking expenses
∎ Liaising with our tax advisers - KPMG
∎ Cash Flow forecast/ projections
∎ Project: Set up new Finance package
∎ Explore finance systems available with London and KPMG Dhaka
∎ Agree chart of accounts
∎ Transfer balances to system
∎ Prepare reports from system
∎ Letters of Credit Management and Reconciliations
∎ Pentex's agent (Red Box HK) sells fabric to Pentex's Bangladesh factories. The factories pay Red Box HK for the fabric through a Letter of Credit. The Bangladesh factories charge the fabric to Pentex, together with garment manufacture.
∎ Several of the duties involved in this process will move from London to Bangladesh. These will include:
∎ Assist with chasing outstanding funds
∎ Assisting Pentex UK with the Letter of Credit reconciliations. Helping to resolve differences. Liaising with personnel at factory
∎ As you become more familiar with the processes, we will move more responsibilities over to you from London. As the work load increases, you will later employ an assistant.

Additional Requirements:
∎ Qualified Accountant.
∎ Fluent in English (written and spoken).
∎ Good communicator.
∎ Reconciliations experience.
∎ Management Account experience.
∎ Strong spreadsheet skills.
∎ Auditing experience would be an advantage.

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 10 Jun 2022

Company Information:
∎ 31 May 2022
∎ Pentex Limited
∎ Address : House 247 (4th Floor) Road - 3 (East Side), DOHS Baridhara, Dhaka - 1206, BD.
∎ Web : http://www.pentex-ltd.co.uk/
∎ Business : Overseas Office in Bangladesh for UK Parent company, called Pentex Limited. We design and manufacture garments for shops in Europe.

Category: Accounting/Finance