Head of Finance
Job Description
Title: Head of Finance
Company Name: Euro Foods Group
Vacancy: 1
Age: At least 30 years
Job Location: Bangladesh
Salary: Negotiable
Experience:
- 3 to 6 years
- The applicants should have experience in the following business area(s): IT Enabled Service, Garments, Shrimp, Chain shop, Food (Packaged), Beverage, Ice Cream, Bakery (Cake, Biscuit, Bread)
Published: 2026-02-09
Application Deadline: 2026-02-28
Education:
- Master of Business Administration (MBA) in Finance
Requirements:
- 3 to 6 years
- The applicants should have experience in the following business area(s): IT Enabled Service, Garments, Shrimp, Chain shop, Food (Packaged), Beverage, Ice Cream, Bakery (Cake, Biscuit, Bread)
Skills Required:
Additional Requirements:
- Age At least 30 years
- Only Male
Responsibilities & Context:
1. ROLE PURPOSE
The Head of Finance is the senior financial leader of Masala Bazaar, responsible for:
Financial strategy and control
Accurate reporting and compliance
Cash flow protection
Profitability visibility
Governance of the entire finance function
This role ensures the Managing Director always has clear, reliable financial insight to make business decisions.
This is not a bookkeeping role. It is a leadership, control, and decision-support role.
2. PRIMARY ACCOUNTABILITY (NON-NEGOTIABLE)
The Head of Finance is fully accountable for:
Accuracy of all financial reporting
Timely production of management accounts
Cash flow visibility and protection
Compliance with UK tax, VAT, and statutory rules
Strength of financial controls across stores and head office
Performance and discipline of the finance team
If finance information is late, unclear, or incorrect — this role owns it.
3. CORE RESPONSIBILITIES
A. FINANCIAL LEADERSHIP & STRATEGY
Act as financial partner to the Managing Director
Translate business activity into clear financial insight
Support:
o Store performance improvement
o Cost optimisation
Lead annual budgeting and financial planning
Build long-term financial stability for the group
B. MANAGEMENT REPORTING & PERFORMANCE ANALYSIS
Oversee preparation of:
o Monthly management accounts
o Store-level P&L
o Margin analysis by category
o Labour-to-sales ratios
Ensure reports include:
o Clear commentary
o Root-cause analysis
o Recommended actions
Present financial performance to MD in simple, decision-ready format
C. CASH FLOW & WORKING CAPITAL CONTROL
Maintain daily visibility of cash position
Approve weekly cash flow forecasts
Control:
o Payment timing
o Supplier exposure
o Bank balances
Ensure business always has sufficient liquidity to trade and grow
D. FINANCIAL GOVERNANCE & INTERNAL CONTROL
Design and enforce strong finance controls across:
o Purchase-to-Pay
o Sales reconciliation
o Stock adjustments
o Expense approvals
Ensure:
o Segregation of duties
o Clean audit trails
o No undocumented transactions
Prevent fraud, leakage, and control failures
E. MULTI-STORE RETAIL FINANCIAL OVERSIGHT
Monitor:
o Daily sales vs deposits
o Store margin performance
o Wastage and shrinkage indicators
Identify underperforming stores early
Work with Ops and Buying to correct issues
F. TAX, VAT & STATUTORY COMPLIANCE (UK)
Ensure full compliance with:
o UK VAT regulations
o PAYE / NI / pension rules
o Corporation tax requirements
Oversee:
o Accurate submissions
o Timely filings
o Audit readiness
Liaise with:
o External accountants
o Auditors
o HMRC advisors
Zero penalties is the expected standard.
G. BANKING, FUNDING & FINANCIAL RISK
Monitor:
o Covenants
o Interest costs
o Financing risks
Support funding for:
o New stores
o Refits
o Expansion
H. TEAM LEADERSHIP & DEVELOPMENT
Lead the entire finance function from Bangladesh
Define:
o Clear responsibilities
o Performance standards
o Reporting discipline
Train and develop team capability
Build succession within finance structure
Maintain a high-integrity, high-discipline culture
I. SYSTEMS, AUTOMATION & PROCESS IMPROVEMENT
Improve finance systems and reporting tools
Reduce:
o Manual errors
o Delays
o Inefficiencies
Drive:
o Automation
o Standardisation
o Scalable finance processes
J. RISK MANAGEMENT & ESCALATION
Identify financial risks early, including:
o Cash shortages
o Margin erosion
o Compliance breaches
o Fraud indicators
Escalate immediately to Managing Director
Maintain transparency at all times
4. KEY PERFORMANCE INDICATORS (KPIs)
Monthly accounts delivered accurately and on time
Clear visibility of store profitability
Stable, well-managed cash flow
Zero compliance penalties or audit failures
Reduction in unexplained variances
Strong finance team performance
5. REQUIRED EXPERIENCE & QUALIFICATIONS
Essential
10–15+ years finance experience
Senior role in retail or multi-site business
Strong UK accounting, VAT, and compliance knowledge
Proven leadership of finance teams
High analytical and control capability
Desirable
ACCA / CIMA / CA qualified
Experience supporting UK-based companies from offshore
Exposure to retail EPOS and stock systems
7. PERSONAL ATTRIBUTES REQUIRED
Absolute integrity and honesty
Strong ownership mindset
Calm under pressure
Willingness to challenge issues
Clear communicator with senior leadership
Disciplined, structured thinker
8. AUTHORITY LEVEL
Can:
Stop non-compliant payments
Escalate directly to Managing Director
Recommend strategic financial decisions
Cannot:
Commit major expenditure without MD approval
9. SUCCESS IN THIS ROLE LOOKS LIKE
MD always knows the true financial position
Problems are identified early, not late
Cash is controlled
Margins are protected
Finance runs quietly, accurately, and reliably
Job Other Benifits:
Employment Status: Full Time
Job Work Place: Work at office
Company Information:
Gender: Only Male can apply
Read Before Apply: Please apply only who are fulfilling all the requirements of this job
Category: Others
