Sr. Executive/Asst. Manager - Cost Accountant

Job Description

Title: Sr. Executive/Asst. Manager - Cost Accountant

Company Name: VIYELLATEX group

Vacancy: --

Age: Na

Job Location: Dhaka

Salary: Negotiable

Experience:

• 6 to 8 years
• The applicants should have experience in the following business area(s): Manufacturing (FMCG), Garments, Textile, Group of Companies, Spinning

• Master of Business Administration (MBA) in Accounting
• University of Dhaka,Jahangirnagar University,North South University,Jagannath University,Independent University, Bangladesh students will get preference

• Having professional degree (fully or partly CMA/ACCA qualified or partly CA qualified) will get extra preference

• 6 to 8 years
• The applicants should have experience in the following business area(s): Manufacturing (FMCG), Garments, Textile, Group of Companies, Spinning

• Knowing SAP ERP, Excel & PowerPoint will get preference.
• Candidate should have knowledge about Quality management reports, budgetary control, capital expenditure, WCM, internal control, cost reduction, capital expenditure policy and guidelines.
• Candidates must have strong knowledge about factory accounts. 

• Develop and maintain cost accounting systems for tracking production costs, labor, and overhead.
• Prepare product costing, Contribution Margin (CM) analysis, Break Even Point (BEP) analysis, Margin of Safety (MS) analysis.
• Analyze and report on production costs, identifying areas for cost reduction and efficiency improvement.
• Prepare detailed cost reports, including variance analysis, to assist management in decision-making.
• Assist in the preparation of budgets and financial forecasts, ensuring accurate cost estimations.
• Monitor actual costs against budgeted costs, providing insights into discrepancies.
• Oversee the cost accounting for inventory, ensuring accurate valuation and reporting.
• Work closely with the production and procurement teams to manage inventory levels and minimize waste.
• Maintain accurate records of all factory-related financial transactions.
• Reconcile factory accounts, ensuring all costs are accurately captured and reported.
• Collaborate with management to develop and implement cost control measures.
• Ensure compliance with relevant accounting standards and regulations.
• Prepare and submit regular financial reports to management and external stakeholders.
• Identify opportunities for process improvements in cost accounting and factory operations.
• Factory petty cash management.

As per company policy