Title: Senior Manager, Financial Planning & Analysis (FP&A)
Company Name: Coats Bangladesh Ltd.
Vacancy: Not specific
Job Location: Dhaka
Employment Status: Full-time
Educational Requirements:
∎ Business graduate from any reputed university or Chartered Accountant.
Experience Requirements:
∎ 6 to 7 year(s)
Job Context:
∎ Internal: Senior Management & Functional Heads, Cluster Finance Team, Group Internal Audit Team, Business Operations FP&A Team, Head Office / Other Group Companies.
∎ External: N/A
Job Responsibilities:
∎ Role Purpose:
∎ Responsible for providing financial insights to help deliver operational and strategic goals of the Bangladesh cluster in line with Group strategy.
∎ Support implementation of key projects and initiatives of the cluster business strategy and Provide financial leadership on investment evaluation and mobilization.
∎ Responsible for review of product costing and inventory valuation.
∎ Manage planning, budgeting and monthly rolling forecast processes for the cluster.
∎ The role will be primarily accountable for the followings:
∎ Review the costing month end activities to ensure accuracy of profitability and stock.
∎ Preparation of detail actual monthly result commentary by pointing out the reasons of differences from monthly forecast, plan and last year.
∎ Preparation and submission of flash template.
∎ Calculate and circulation of DSO-DPO-DIO.
∎ Preparation and submission of group supplementary pack.
∎ Prepare monthly bottom up P&L and cash forecast and submission to group.
∎ Preparation of detailed yearly planning exercise based on the input from operational departments and group steers. Submission of the same in the format provided by the group.
∎ Coordinate with procurement and manufacturing team to maximize savings projects and accurate calculation of savings number.
∎ Prepare monthly business review presentation based on the inputs from operational departments.
∎ Prepare shadow costing to ensure the reasonableness of cost of items to be procured.
∎ Prepare management information requested on regular/one off basis.
∎ Monitoring expense booking into SAP and comparing with Plan/Forecast and provide feedback to the next levels for better understanding and further decision making of cost manage/control.
∎ Prepare financial and business-related analysis and research such as financial and expense performance, rate of return, depreciation, working capital, and investments.
∎ Provide insights to drive raw material & conversion cost optimization (cost control, cost avoidance), support driving pricing initiatives with cost insight, manufacturing process reengineering and factory variance analysis (including direction for mitigation).
∎ Responsible for reviewing the product costs in SAP, Inventory valuation and capitalization of variances.
∎ Responsible for reviewing product / process costs - to commercial & operations team to support pricing / improve cost efficiencies.
∎ Proactively partner with the Supply Chain and Operations area to provide financial expertise (e.g. insights on actual performance) to enable strategic planning and business decision-making across procurement, manufacturing efficiencies, conversion cost management, working capital management (focusing on DSO improvement, optimal inventory and highest supplier terms); required to achieve operating and financial objectives.
Additional Requirements:
∎ 6 to 7 years minimum of experience in Financial Planning & Analysis.
∎ Accounting & Finance knowledge.
∎ Manufacturing costing understanding.
∎ Very good communications skills (both oral and written).
∎ A very good level of English proficiency (both oral and written).
∎ Advanced knowledge in Microsoft Excel and Power Point.
∎ Analytical & planning skills.
∎ MNC experience.
∎ Good relationship building & collaborative working skills (Networking & Partnering Skills).
∎ People skills & orientation.
∎ Team working capability and experience working across geographical and cultural boundaries.
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 7 Jul 2021
Company Information:
∎ 25 Jun 2021
∎ Coats Bangladesh Ltd.
∎ Business : Textiles, Industrial and Consumer sewing thread
Category: Accounting/Finance
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Source: bdjobs.com