Manager – Budgeting, Cost Control & Inventory Management

Job Description

Title: Manager – Budgeting, Cost Control & Inventory Management

Company Name: A Reputed Group of Companies

Vacancy: --

Age: Na

Job Location: Anywhere in Bangladesh

Salary: Negotiable

Experience:

• At least 6 years
• The applicants should have experience in the following business area(s): Garments, Group of Companies

• Master of Business Administration (MBA) in Finance, Accounting, Business Administration or a related field

• At least 6 years
• The applicants should have experience in the following business area(s): Garments, Group of Companies

Skills:

• Proficiency in financial and ERP software (e.g., SAP, Oracle).

• Excellent analytical, problem-solving, and decision-making skills.

• Strong communication and leadership abilities.

• Attention to detail and the ability to work under pressure to meet deadlines.

Desired Attributes:

• Strong strategic thinking with the ability to align financial management with business goals.

• Proactive and solution-oriented, with a focus on continuous improvement.

• Collaborative mindset, capable of working with cross-functional teams.

Job Context
The Apparel Division of a Reputed Group of Companies is looking for a suitable candidate for the full-time position of Assistant Manager for its business operation (65% Factory movement). The position will work collaboratively with Factory and CHO. He/she will have the responsible for Budget, Costing and Inventory Management. He/She is responsible for managing the budgeting process, controlling costs and ensuring to support business operations. This role requires close collaboration with multiple departments including All Factory, production and CHO to ensure that the company’s financial and operational goals are met efficiently.
Job Responsibilities:

• Budget Management:

  • Prepare unit wise annual & monthly detailed budget plans, including forecasts, projections and assumptions to support

  • Monitor actual expenditures against budgets and report on variances.

  • Provide recommendations for cost-saving initiatives based on budget reviews.

  Costing:

  • Analyze product costs and identify opportunities for cost optimization.

  • Conduct regular reviews of labor, material, and overhead costs, ensuring accurate product pricing and analysis.

  • Identify opportunities to reduce cost without compromising overall efficiency and effectiveness

  Inventory Management:

  • Develop, Monitoring and implementation of inventory management policies and procedures. Also, coordination of proper absorption in inventory valuation

  • Identify and address inventory issues such as Raw Material forecast, Finished Goods forecast Raw Material Ageing, Finished Goods Ageing, stakeouts, overstocking, and obsolescence.

  • Ensure physical inventory system is accurate and inventory valuation for Finished Goods, Raw Material, WIP and GIT is correct.

  Reporting & Analysis:

  • Prepare monthly, quarterly, and annual financial reports related to budgets, costs, and inventory.

  • Update daily Profit and loss accounts to control costs and ensure compliance with budgets and financial targets

  • Prepare Monthly MIS Order Closing Reports, Order Profit Loss Analysis Report, Production Reconciliation Report and other necessary reports.