Experience
- 10 to 15 years
- The applicants should have experience in the following business area(s): Manufacturing (FMCG), Pharmaceutical/Medicine Companies
Education
- Master of Commerce (MCom) in Accounting
- Bachelor of Commerce (BCom) in Accounting
CA or CMA will be highly preferred.
Professional membership of ICAB, ICMAB, or an equivalent professional body will be an advantage.
Requirements
- 10 to 15 years
- The applicants should have experience in the following business area(s): Manufacturing (FMCG), Pharmaceutical/Medicine Companies
Additional Requirements
- Age 40 to 52 years
- Only Male
Candidates with experience as a CFO, Finance Director, Head of Accounts and Finance, or equivalent roles will be preferred
Strong hands-on experience in financial reporting, budgeting, forecasting, costing, working capital, cash flow management, taxation, and VAT is required
Experience in Distribution, retail, FMCG, manufacturing, or other inventory-intensive businesses will be highly preferred.
Strong understanding of cost accounting, management accounting, and financial analysis.
Proven experience in product-wise profitability analysis and cost optimization.
Strong understanding of inventory, receivables, payables, and working-capital management.
Experience with ERP/accounting software and financial systems; ERP implementation or process-improvement experience will be an advantage.
Strong financial modelling, analytical, and problem-solving skills.Excellent leadership, communication, negotiation and stakeholder-management skills.Strong commercial awareness with the ability to connect financial performance with business operations.
High level of integrity, confidentiality, accountability and professional ethics.
Ability to work under pressure and make sound decisions within tight deadlines.
Responsibilities & Context
We are seeking a highly experienced, commercially oriented and strategic Head of Accounts & Finance to lead the Company's overall Finance & Accounts function. The position will operate at a CFO-equivalent level and will be responsible for financial strategy, planning and analysis, financial reporting, budgeting, cash-flow and working-capital management, costing, profitability analysis, inventory and royalty accounting, taxation, audit, risk management and internal controls. The incumbent will serve as a key financial adviser to the Managing Director/CEO and Board of Directors, providing reliable financial insights and recommendations to support business growth, profitability, investment, pricing, cost optimization and other strategic decisions.
Financial Leadership & Strategic Management
Lead and provide strategic direction to the Company's entire Finance & Accounts function.
Develop and implement financial strategies aligned with the Company's business objectives and growth plans.
Advise the Managing Director/CEO and Board on financial performance, investment, expansion, pricing, cost optimization, and business risks.
Ensure financial discipline, accountability, transparency, and effective utilization of Company resources.
Identify financial risks and recommend appropriate mitigation and corrective measures.
Financial Reporting & Management Information
Ensure accurate and timely preparation of monthly, quarterly and annual financial statements and management accounts in accordance with applicable BFRS/IFRS and Bangladesh laws and regulations.
Ensure proper maintenance of books of accounts, ledgers, reconciliations, and supporting documentation.
Prepare and review Profit & Loss, Balance Sheet, Cash Flow, Budget vs. Actual, Gross Margin, Product Profitability, Inventory Ageing, Receivable Ageing, Payable Ageing and other management reports.
Provide timely financial analysis and business insights to senior management and the Board.
Budgeting, Forecasting & Business Planning
Lead preparation of annual operating and capital budgets.
Develop financial forecasts, cash-flow projections and long-term financial plans.
Monitor actual performance against budget and conduct detailed variance analysis.
Recommend corrective actions to improve financial and operational performance.
Support management in business planning, financial modelling, and feasibility analysis for new projects and investments.
Publishing Costing & Profitability
Establish and maintain an effective book-wise/product-wise costing and profitability system.
Analyze editorial, manuscript, author/translator, copyright, design, typesetting, proofreading, paper, printing, binding, packaging, transportation, marketing, warehousing, distribution and royalty costs.
Evaluate product-wise cost, selling price, discount, royalty, contribution margin, and profitability.
Provide financial recommendations on new publication proposals, pricing and cost optimization.
Inventory, Sales & Working Capital
Establish strong financial controls over books, paper, printing materials, and other inventories.
Monitor inventory levels, stock movements, slow-moving, obsolete, damaged, and unsaleable stock.
Ensure periodic physical verification and reconciliation of inventory with accounting records.
Monitor sales, returns, discounts, trade schemes, receivables and collection performance.
Establish appropriate credit-control procedures and monitor customer/distributor credit exposure.
Drive improvement in working-capital efficiency, receivables collection and inventory utilization.
Treasury & Cash-Flow Management
Lead the Company's cash-flow, treasury and liquidity management.
Prepare and monitor daily, weekly and monthly cash-flow requirements.
Ensure sufficient liquidity for printing, paper procurement, salaries, royalties, suppliers, and other business obligations.
Monitor bank facilities, loans, overdrafts, financing costs and banking relationships.
Optimize utilization of surplus funds in accordance with Company policy and applicable laws.
Tax, VAT, Audit & Regulatory Compliance
Ensure compliance with the applicable Income Tax Act 2023, VAT and Supplementary Duty Act 2012, RJSC requirements, and other relevant laws and regulations.
Ensure timely tax/VAT returns, withholding tax compliance, and maintenance of supporting documentation.
Coordinate statutory, tax, VAT and internal audits.
Liaise effectively with auditors, NBR, VAT authorities, tax consultants and other regulatory bodies.
Ensure timely resolution of audit observations, tax/VAT queries and regulatory matters.
Internal Control, Risk Management & Governance
Establish, review and continuously strengthen financial policies, procedures and internal controls.
Ensure appropriate segregation of duties, authorization limits and approval procedures.
Strengthen controls over procurement, printing, inventory, sales, returns, discounts, cash, banking, payroll, royalty and fixed assets.
Review significant or unusual transactions and identify potential financial irregularities and risks.
Ensure proper documentation and compliance with approved financial policies.
Procurement, Payroll & Fixed Assets
Establish appropriate financial controls over procurement of paper, printing, binding, packaging and other materials.
Review major supplier balances, payment schedules, commercial terms and procurement contracts from a financial perspective.
Ensure appropriate three-way matching of Purchase Order, Goods Received Note and Supplier Invoice.
Supervise payroll accounting, statutory deductions, employee advances, loans and benefits.
Ensure proper accounting, verification and control of fixed assets and capital expenditure.
Team Leadership
Lead, develop and mentor the Finance & Accounts team.
Establish clear responsibilities, performance standards and accountability within the finance function.
Build a strong, professional and business-oriented finance team capable of supporting the Company's growth.
Promote integrity, confidentiality, continuous improvement, and financial discipline
Job Other Benifits
- Provident fund,Mobile bill,Profit share
- Salary Review: Yearly
- Festival Bonus: 2
As per company policy.