Manager/Sr. Manager (Cost & Budget)

Job Description

Title: Manager/Sr. Manager (Cost & Budget)

Company Name: Remark HB Limited

Vacancy: 1

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Minimum Graduation in Finance/Accounting from reputed Public or Private University
∎ Preferred Professional Qualification: ACMA, ACCA, CA Finalist

Experience Requirements:
∎ At least 7 year(s)
∎ The applicants should have experience in the following area(s): Accounting and Finance, Cost Management
∎ The applicants should have experience in the following business area(s): Manufacturing (FMCG)

Job Responsibilities:
∎ Implementation, Monitoring, and Control of Cost & Budgets through timely reporting and meeting with departmental heads;
∎ Maintain all types of cost sheets, budgeted cost sheets & order-wise back-to-back LC.
∎ Order-wise pre-cost and post-cost analysis.
∎ Identify process loss with appropriate reason.
∎ Identify variances between actual and budgeted financial results at the end of each reporting period;
∎ Determine and analyze man/machine ratio, machine cost, line cost, man cost, and cost per minute.
∎ Calculate style-wise Fabric/Garment costing collecting data related to pre-cost, post cost & process cost from the concerned department.
∎ Analysis of production process loss for cutting, sewing, washing, Finishing, etc.
∎ Conducts cost-benefit analyses to determine value.
∎ Stock valuation and physical verification of stock and reconciliation between financial stock records and factory stock ledger and also identify the variance between post costing and pre-costing with the recommendation.
∎ Make sure to prepare a variance report of product costing and CM analysis.
∎ Budgeting, recording, and analyzing company financial information, and tracking department or product expenditures.
∎ Defends budget recommendations and develops a final budgetary agreement with management.
∎ Designing effective budget models for departments and the entire company
∎ Help with strategic planning and making decisions regarding the direction of the business.
∎ Evaluate and approve or reject budget proposals and funding requests.
∎ Review, analysis, and comments for monthly management reporting pack and Financials.
∎ Determines whether budget proposals are in compliance with regulations.
∎ Estimates and forecasts future financial needs and supports programs with financial analytics.
∎ Preparation of rolling financial forecast its analysis with budget, actual and prior periods.
∎ Analyzing financial information (e.g. revenues, expenditures, and cash management) to ensure all operations are within budget
∎ Suggest spending improvements that increase profits;
∎ Managing budgets based on authority levels and limits and taking necessary actions to control and reduce costs.
∎ Preparation of variance analysis reports and investigating the reason for cost control purpose and to make recommendations;
∎ Monitors spending to ensure it remains within budget.
∎ Other reporting requirements as advised from time to time.

Salary: Negotiable

Compensation & Other Benefits:
∎ Mobile bill, Performance bonus, Provident fund, Insurance, Gratuity
∎ Lunch Facilities: Partially Subsidize
∎ Salary Review: Yearly
∎ Festival Bonus: 2

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 31 Mar 2022

Company Information:
∎ 14 Mar 2022
∎ Remark HB Limited
∎ Address : Simple Tree Anarkali, 9th Floor, 89 Gulshan Avenue, Dhaka-1212
∎ Web : www.remarkhb.com
∎ Business : The Company “Remark HB Limited” (Affiliated with Remark LLC, USA) is establishing a state-of-the-art manufacturing industry in Bangladesh to produce Health, Hygiene, and Beauty products. Our target is to reach the global market and have been conceptualizing formulation from a geographical perspective. We have rich R&D teams in various countries focusing on creating products that complement all climate types globally found. Remark will shortly introduce the Best Personal Care, Home Care and Beauty Products worldwide, which will meet the latest International Standards for our country as well.

Category: Accounting/Finance

: Please mail your CV with a cover letter and write "Manager/Sr. Manager (Manager/Sr. Manager (Cost & Budget)