Job Description

Title: Senior Executive, Cost & Budget (Factory)

Company Name: Meena Sweets and Confectioneries Limited

Vacancy: 01

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Bachelor degree in Finance/Accounting from a reputed university.
∎ Degree in Cost Management Accounting (CMA) is preferable.

Experience Requirements:
∎ 2 to 3 year(s)

Job Responsibilities:
∎ 1. Inventory & Fixed Assets Management:
∎ Plan and conduct monthly stock count and investigate variances against the system balance.
∎ Prepare monthly report on purchase issue, and stock-on hand of raw materials, WIP, and other stocks.
∎ Prepare stock variance report supported with physical inventory count and system generated report.
∎ Monitor and ensure that all slow moving and non-moving inventories are identified at all location and implement action plan.
∎ Prepare list and tag of all fixed assets.
∎ Track and assess the condition of fixed assets and perform proper valuation.
∎ Monitor the movement of new/used fixed assets within the SBU / Group.
∎ Perform activities related to asset disposal with cooperation of accounts & admin team.
∎ Report any issue or damages and breakdowns within working areas and ensure defect free facilities and services are provided.
∎ 2. Cost Management:
∎ Prepare monthly Cost of Goods Manufactured statement and ensure costs are within budget.
∎ Analyze actual manufacturing costs and prepare periodic reports comparing standard costs to actual production costs.
∎ Implement standard and/or activity based costing.
∎ Make estimates of new & proposed product costs and finalize costing by consulting with management.
∎ Perform costing for special order batches with huge quantities and analyze variances.
∎ Conduct analysis and submit report on procurement rates to management from time to time.
∎ Provide management with reports specifying and comparing factors affecting prices and profitability of products or services.
∎ Prepare production efficiency report on monthly basis.
∎ Monitor the system loss for production and wastage of production in all outlets.
∎ Perform Cost & Benefit analysis for special projects/plans.
∎ Prepare cost reduction plan in case of exceeding budget.
∎ 3. Budget & Budgetary Control:
∎ Prepare operational & company budget, budgeted profit & loss account, and analyze budget variances.
∎ Implement budgetary control and monitoring.
∎ Prepare forecasted cash flows and actual cash flow report when needed.
∎ Analyze different project proposals, prepare and review budgets for different projects of different programs by sitting with respective personnel and give recommendation for finalization, on need basis.
∎ Prepare financial projections and deliver to provide insight, financial recommendations to both short-term and long-term growth plan of the company.
∎ 4. Accounts & Others:
∎ Check & verify the comparative statements and report any exception to management.
∎ Check, verify, and approve raw materials requisition from store to production floor.
∎ Examine and analyze accounting records, financial statement or other financial reports.
∎ Suggest and assist in the implementation and adherence of accounting practices, policies, and procedures that support efficiencies.
∎ 5. Audit & Compliance:
∎ Conduct audit in accounts & finance department to check whether everything is operating as per SOP.
∎ Conduct audit in store, QC, production, and delivery departments to check whether everything is operating as per SOP.

Additional Requirements:
∎ Age 30 to 40 years
∎ 2-3 years of experience in relevant field.
∎ Ability to work seamlessly in a team-based environment.
∎ Self-motivated and goal-oriented, desire to deliver results.
∎ Skills & Additional Requirements:
∎ Excellent working proficiency in MS Office.
∎ Strong communication skills and ability to do multitasks.
∎ Ability to create and deliver presentations.

Salary: Negotiable

Compensation & Other Benefits:
∎ As per company policy.

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 17 Feb 2022

Company Information:
∎ 18 Jan 2022
∎ Meena Sweets and Confectioneries Limited

Category: Accounting/Finance

Source: bdjobs.com

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