Head of Finance (Manager/ Assistant General Manager - Finance & Accounts)

Job Description

Title: Head of Finance (Manager/ Assistant General Manager - Finance & Accounts)

Company Name: Rancon Oceana Limited

Vacancy: Not specific

Job Location: Chattogram (Sadarghat)

Employment Status: Full-time

Educational Requirements:
∎ CA/ CMA/ ACCA - Part Qualified or Certification from any other similar Professional Bodies.

Experience Requirements:
∎ At least 8 year(s)

Job Context:
∎ Work Station CPA Complex, Sadarghat, Chittagong
∎ Reports to (job title) Divisional Finance Controller
∎ SBU Rancon Oceana Limited (ROL) and Marine Fish Preserver Company (MFPC)
∎ Job purpose (Why does the job exist? What is it there to achieve or deliver?)
∎ As a strategic player, ensure implementation of the best practices and create value through strategic management of financial sustainability, driving financial performance and maximizing return on investment.
∎ Knowledge, Skills & Experience (work experience, qualifications, specialist training, key skills, disposition)

Job Responsibilities:
∎ Main Duties and Responsibilities of the Role
∎ Setting and assessing the annual and long-term business target through crafting the annual and strategic budgetary plan.
∎ Review the progress of financial target achievement of the company on ongoing basis and suggest for strategic as well as operational change requirements to meet the target.
∎ Decision support in investment in new business product/line/entity, product pricing, procurement & supply chain, trade & marketing promotion, and other day to day operational strategies.
∎ Ensuring timely arrangement of all the payment vouchers ensuring due documentation and required compliance with the applicable financial policies and regulations of the company as well as of the country laws.
∎ Supervising the transaction processing and book keeping system of all types of financial transactions of the company (Debit/Credit/Journal/Payment/Receipts vouchers etc.)
∎ Ensuring timely completion of all the reconciliations for GL, bank, sister concern, receivable, fixed assets, inventory, vendor, Tax/VAT, Advances etc. related financial transactions.
∎ Ensuring timely preparation of all the periodic financial reporting and MIS as per SBU and Group Mandates.
∎ Ensuring timely preparation of Annual Financial Statements for management and regulatory purposes.
∎ Ensuring preparation and/or review of various financial analytics in terms of project profitability, costing, revenue, financial position based on management requirement.
∎ Ensuring due compliance with required documentation related to withholding tax and VAT related to payment and collection, along with periodic reporting & reconciliation.
∎ Ensuring accurate and timely transaction posting, documentation, periodic reconciliation and reporting of customer related transactions.
∎ Monitoring and supervision of day-to-day petty cash management of the company.
∎ Periodic review of the company balance sheet for all the financial statements elements so as to ensure adequate GL and reporting hygiene.
∎ Facilitate Board Meeting through providing necessary presentation with relevant financial analysis.
∎ Preparation of Annual budget getting closely engaged with the other Operational Heads, and refreshing the flexible financial forecast on bi-monthly basis and based on management requirement.
∎ Review of fund position, available financing facility, repayment schedules and cash flow forecasting on continuous basis.
∎ Engaging with banks to meet current and future business needs, and negotiating the financing terms from lenders to secure financial flexibility and availability of sufficient and cost-effective credit lines.
∎ Ensuring proper archiving of all physical and virtual database related to Reporting & MIS, vouchers, books of accounts, loan/customer/project related documentations and so on.
∎ Liaising with the Credit Rating Agency for providing with required information so as to ensure timely completion of Company Credit Rating for Financing requirement.
∎ Review of financial feasibility analysis of new project and business.
∎ Ensuring proper reporting and control of fixed assets related transactions, budget approval, capitalization, transfer, disposal, depreciation posting, periodic physical verification with asset tagging and so on.
∎ Ensuring proactive cost control of major cost elements through analysis of actual vs budgeted (and/or approved) cost.
∎ Ensuring proper reporting and control of inventory related transactions having appropriate purchase and consumption approval, and periodic physical verification of inventory.
∎ Monitoring the development and maintenance of ERP for financial module and liaise with other relevant functions to resolve the anomalies causing wrong GL impact.
∎ To oversee and ensure a disaster recovery plan is in place.
∎ Any other responsibilities as the management assigns from time to time.

Additional Requirements:
∎ Minimum 8 years of experience in leading finance relevant activities
∎ Financial Foresight: Ability to anticipate financial management issues and address them in delivering value to the business.
∎ Business Acumen: Knowledge of the methodologies, processes and systems allowing a company to deliver business result.
∎ Financial Compliance: Knowledge about the compliance requirements with the applicable financial policies and regulations of the country and the company.
∎ Competencies Operator Role:
∎ Accounting & Reporting
∎ Treasury Management
∎ Strategic investment Management
∎ Finance Business Partnering
∎ Personnel Planning and Management
∎ Strategist Role:
∎ Formulation of Business and Financial Strategy
∎ Strategic Risk Management
∎ Managing Business Process Compliance

Salary: Negotiable

Compensation & Other Benefits:
∎ As Per Company Policy

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 4 Jan 2024

Company Information:
∎ 5 Dec 2023
∎ Rancon Oceana Limited

Category: Accounting/Finance


Source: bdjobs.com

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