Job Description
Title: Group Chief Financial Officer
Company Name: Standard MH Group
Vacancy: --
Location: Dhaka
Minimum Salary: Negotiable
Experience:
∎ At least 20 years
∎ The applicants should have experience in the following business area(s):Garments, Group of Companies
Published: 18 Feb 2025
Education:
∎ FCA/ICMA/ACCA/CIMA with an MBA preferred
∎ FCA/ICMA/ACCA/CIMA with an MBA preferred
Requirements:
Additional Requirements:
∎ 20+ years of experience as Group CFO in a large RMG manufacturing group with multiple woven factories.
∎ Business Scale: Must have managed a business with annual revenue of $250 million or more.
∎ ERP Knowledge: Proficiency with Oracle/SAP-based ERP platforms as Group CFO.
∎ Strategic Leadership: Demonstrated ability to lead the strategy planning process and align financial and non-financial budgeting with the organization's strategic goals.
∎ Financial Policy Expertise: Experience in developing and establishing group financial policies, procedures, and benchmarks for best-in-class organizations.
∎ Profit and Cost Management: Strong focus on profitability and cost management.
∎ 20+ years of experience as Group CFO in a large RMG manufacturing group with multiple woven factories.
∎ Business Scale: Must have managed a business with annual revenue of $250 million or more.
∎ ERP Knowledge: Proficiency with Oracle/SAP-based ERP platforms as Group CFO.
∎ Strategic Leadership: Demonstrated ability to lead the strategy planning process and align financial and non-financial budgeting with the organization's strategic goals.
∎ Financial Policy Expertise: Experience in developing and establishing group financial policies, procedures, and benchmarks for best-in-class organizations.
∎ Profit and Cost Management: Strong focus on profitability and cost management.
Responsibilities & Context:
∎ Work closely with the Top Management authority of Standard MH Group, guide proactively and be able to carry the Board on critical company's money matters, investments, taking into consideration risk and liquidity, the capital structure of the company, determining the best mix of debt, equity and internal financing, addressing the issues surrounding capital structure.
∎ Championing Strategy Planning process and Drive Annual financial / Non-Financial Budgeting process alignment with the SMHG company's strategic plan.
∎ Partner with the Top Management and Divisional Heads to assess organizational performance against both the annual budget and the group's long-term strategy.
∎ Proactive in projecting the long-term financial picture of the group and by how the company thrives based on recommended analyses through gap analysis on the financial performance for all Businesses and Business Hub’s and evolve strategies for optimization.
∎ Proactive in providing consistently analyse financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes.
∎ Develop and establish Group Financial policies, procedures, and benchmarks with best-in-class organization and ensure that the company runs with Oracle based ERP, SOP & policies.
∎ Take charge of Group Treasury management such that all Group funds are at single point control and provide & monitor cash flow planning and ensure availability of funds as needed as well as banking relationships.
∎ Oversee the budgeting, financial forecasting, cash flow and coordination of audit activities as well as accounts payable and receivable for the Group, Business Hub’s.
∎ Ensure that all capital project are presented with timelines for implementation, related financing plans, ROI / Payback calculations and sensitivity analysis and establish a process to monitor / Reconcile Capital Expenditure post approval and ensure data integrity in the evaluation of project returns and holdings of realized gains.
∎ Maintain internal control safeguards and coordinate for all audit activities to ensure compliances in all aspect to protect the company's interest and mitigate risk.
∎ Ensuring consistent financial governance practices and adherence to compliance and regulatory standards across all subsidiary businesses.
∎ Develop finance team both in corporate centre & Business Hub’s in effective & optimised structure with right & qualified people.
∎ Standard MH Group, one of the leading Ready-Made Garments (RMG) manufacturers in Bangladesh. With an annual revenue of $300 million, we cater to international buyers across Europe and the United States. Our operations include seven woven manufacturing plants and two washing plants, supported by a diverse and dedicated workforce across multiple locations.
∎ Key Responsibilities:
∎ Work closely with the Top Management authority of Standard MH Group, guide proactively and be able to carry the Board on critical company's money matters, investments, taking into consideration risk and liquidity, the capital structure of the company, determining the best mix of debt, equity and internal financing, addressing the issues surrounding capital structure.
∎ Championing Strategy Planning process and Drive Annual financial / Non-Financial Budgeting process alignment with the SMHG company's strategic plan.
∎ Partner with the Top Management and Divisional Heads to assess organizational performance against both the annual budget and the group's long-term strategy.
∎ Proactive in projecting the long-term financial picture of the group and by how the company thrives based on recommended analyses through gap analysis on the financial performance for all Businesses and Business Hub’s and evolve strategies for optimization.
∎ Proactive in providing consistently analyse financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes.
∎ Develop and establish Group Financial policies, procedures, and benchmarks with best-in-class organization and ensure that the company runs with Oracle based ERP, SOP & policies.
∎ Take charge of Group Treasury management such that all Group funds are at single point control and provide & monitor cash flow planning and ensure availability of funds as needed as well as banking relationships.
∎ Oversee the budgeting, financial forecasting, cash flow and coordination of audit activities as well as accounts payable and receivable for the Group, Business Hub’s.
∎ Ensure that all capital project are presented with timelines for implementation, related financing plans, ROI / Payback calculations and sensitivity analysis and establish a process to monitor / Reconcile Capital Expenditure post approval and ensure data integrity in the evaluation of project returns and holdings of realized gains.
∎ Maintain internal control safeguards and coordinate for all audit activities to ensure compliances in all aspect to protect the company's interest and mitigate risk.
∎ Ensuring consistent financial governance practices and adherence to compliance and regulatory standards across all subsidiary businesses.
∎ Develop finance team both in corporate centre & Business Hub’s in effective & optimised structure with right & qualified people.
Skills & Expertise:
Compensation & Other Benefits:
∎ This is a senior-level position, and as such, the compensation package will be commensurate with the candidate's experience and the importance of the role.
∎ This is a senior-level position, and as such, the compensation package will be commensurate with the candidate's experience and the importance of the role.
Workplace:
∎ Work at office
Employment Status: Full Time
Job Location: Dhaka
Company Information:
∎ Standard MH Group
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Application Deadline: 20 Mar 2025
Category: Garments/Textile
