Sr. Executive/Assistant Manager – Cost & Fixed Asset Management

Job Description

Title: Sr. Executive/Assistant Manager – Cost & Fixed Asset Management

Company Name: A Listed Reputed Pharmaceuticals Company

Vacancy: 01

Age: Na

Job Location: Dhaka

Salary: Negotiable

Experience:

Published: 2025-08-13

Application Deadline: 2025-08-22

Education:

• C.A (C.C)-Certificate Level

• CMA ( Advance Level)

• Only Male

• Minimum 6 –8 years of experience in cost and fixed asset management.

Key Responsibilities:

A. Cost Management

• Develop and maintain product-wise and batch-wise costing for RM (Raw Material), PM (Packaging Material), WIP (Work in Progress), and FG (Finished Goods).

• Prepare Batch Feasibility Studies for new product launches and evaluate profitability.

• Monitor actual manufacturing costs against standard/budgeted costs and analyze variances.

• Collaborate with Marketing, R&D, SCM and Production teams to validate cost data.

• Review imported raw materials costing, including freight, insurance, and duties.

• Provide costing insights for pricing strategies, tender submissions, and export quotations.

• Support regulatory cost audits (e.g., Drug Administration pricing approval).

B. Fixed Asset Management

• Maintain a comprehensive Fixed Asset Register (FAR) covering plant, lab equipment, production machinery, IT, Transport assets, and facilities.

• Ensure correct capitalization of assets and pharma industry capitalization thresholds.

• Oversee asset tagging and maintain records for compliance.

• Coordinate periodic physical verification to ensure asset integrity.

• Monitor depreciation, asset impairment and disposal in line with IFRS and tax requirements.

• Manage assets in CIP (Capital Work in Progress) for new facility setups or expansion projects.

C. Budget Preparation & Control

• Lead the preparation of the annual operating and capital budgets in alignment with corporate strategy.

• Coordinate with all departments to gather budget inputs and validate assumptions.

• Develop and maintain budgeting models and templates for consistency and accuracy.

• Ensure the integration of sales forecasts, cost estimates, and capital expenditure plans into the budget.

• Prepare variance analysis reports highlighting key deviations and reasons.

• Monitor and control operating expenses (OPEX) and capital expenses (CAPEX).

D. Compliance & Reporting

• Ensure compliance with IFRS, IAS and regulatory requirements.

• Prepare monthly cost analysis, fixed asset reports, and management dashboards.

• Support statutory and internal audits with required documentation.

• Ensure asset and cost records are audit-ready at all times.

E. Process Improvement & Controls

• Implement cost control measures to optimize manufacturing expenses.

• Develop SOPs and Manual for cost and asset management in alignment with standards.

• Recommend automation and ERP enhancements for costing and asset tracking.

• Identify opportunities for scrap reduction, yield improvement, and wastage control.

Key Skills & Competencies:

• Expertise in pharma cost structures and regulatory costing.

• Proficiency in ERP (Oracle, SAP or equivalent) costing and fixed asset modules.

• Strong understanding of pharmaceutical manufacturing processes and industry-specific accounting.

• Analytical, detail-oriented, with strong problem-solving skills.

Ability to work cross-functionally with Marketing, SCM, Production, R&D and Sales.

• Lunch Facilities: Partially Subsidize

• Salary Review: Yearly

• Festival Bonus: 2

• Profit Bonus

• Provident fund & Gratuity

• Group Life insurance

• Workers' Profit Participation Fund