GM-Accounts & Finance

Job Description

Title: GM-Accounts & Finance

Company Name: Fakir Apparels Ltd.

Vacancy: 1

Job Location: Narayanganj

Employment Status: Full-time

Educational Requirements:
∎ Master of Business Administration (MBA) in Accounts and Finance
∎ Professional Certification from ICAB (ACA, FCA)

Experience Requirements:
∎ 12 to 18 year(s)
∎ The applicants should have experience in the following area(s): Cost and budget, Finance/ Accounts, Internal Audit
∎ The applicants should have experience in the following business area(s): Garments, Textile

Job Responsibilities:
∎ Participate in development and Implement financial strategies, cost & Management & financial accounting plans, budgets and policies in consensus with the company’s goals.
∎ Partner/ work closely with the CFO in planning and execution of expansion plans, setting up of new businesses and increasing net worth of existing businesses.
∎ Ensure Funds management in most effective and profitable manner and mitigating risks associated with financial management & operations.
∎ Ensure Compliance against Accounting Standards, Govt. Taxation policies, Company Law and internal company Policies.
∎ Oversee generation of Accounts Receivables and Payables reports, reconcile accounts and communicate to internal customers by improving transaction processing, recording and reporting of all such activities accurately in the system.
∎ Oversee inter-company and related parties accounts management with the team.
∎ Implement operational best practices and identify areas of Revenue and Cost Optimization.
∎ Manage debtors and creditors, salaries and benefits, cost of capital accumulation, advance, margins, deposits, prepayments & investments.
∎ Manage liabilities & overheads -Production, Logistics, Corporate governance, Bank/ other loans.
∎ Keep record of all properties, Plants & equipment owned by Fakir Apparels.
∎ Construct & implement a cost-effective benefits package for employees & all associates
∎ Ensure that there is no blockage of funds- like in useless/extra or slow-moving material, obsolete material, unpaid dues etc. by producing ageing analysis reports on weekly/monthly basis.
∎ Work with CFO for Financial report preparation and presentation to the managements – Balance sheet, Cash Flow Statement and Profit & Loss statement on quarterly/ half yearly/ annual basis.
∎ Use financial ratios for horizontal & vertical analysis & share interpretations with Management.
∎ Prepare projected vs actual payments, receipts, sources and disbursements reports.
∎ Work with costs and management accounting team and ensure efficiency by analyzing production and utilization of budget and budget plan, analysis of variance and efficiency, cost-volume- profit analysis and capital budgeting.
∎ Prepare capital & Revenue budget, Functional budget, material budget, Manpower budget, etc. for each department/ centre wise for tracking resources & their monetary value.
∎ Analysis of Buyer wise profitability reports, Cost category, department and vision wise expense report, resource utilization reports for input & Output analysis, etc.
∎ Compliance for regulatory financial statements related to Taxation laws – TDS, VAT return & assessments & Bond customs audit, report & returns.
∎ Monthly & quarterly payment of Payroll income tax return and TDS reports & returns on a monthly/ quarterly basis.
∎ Ensure timely filing of returns to RJSC and statutory reports & payments to BOA, Bangladesh & other Commercial Banks and financial institutions.
∎ Manage renewal of all fiscal licenses required for business – timely reports & return filing for hassle free process.
∎ Guide Commercial team in LC Management, including negotiation of terms, documentation, compliances etc. for Export Sales contract, Retirement & Payment.
∎ Prepare interim & closing reports to monitor export progress covering shipment proceeds, realization, pre-shipment & posy shipment financing activities.
∎ Establish and maintain relationships with Banks for smooth execution of Bill discounting arrangements and raising regular credit limits.
∎ Guide team on customs issues, import/export transactions and support team in dealings with foreign buyers.
∎ Prepare & present analysis from Cash flow variance report, borrowed capital and credit performance reports with root cause analysis to manage corporate finance.

Additional Requirements:
∎ Age at least 38 years
∎ An expert of data management & presentation skill
∎ Can handle huge volume of accounts & financial activities, handling manpower under him
∎ Sound Knowledge and experience of working in Tally & ERP environment.

Salary: Negotiable

Compensation & Other Benefits:
∎ T/A, Mobile bill
∎ Lunch Facilities: Partially Subsidize
∎ Salary Review: Yearly
∎ Festival Bonus: 2

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 22 Mar 2022

Company Information:
∎ 8 Mar 2022
∎ Fakir Apparels Ltd.
∎ Address : Fakir Apparels Ltd, A 127-131, 135-138,142-145, B501-503, BSCIC, Hosiery Industrial Estate, Shashangaon, Fatullah, Narayangonj
∎ Web : www.fakirapparels.com
∎ Business : One of the best and most reputed Apparels Factories of Bangladesh which is 100% export oriented Composite Knit Garments Manufacturer.

Category: Garments/Textile

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