CA, with 5-6 years of exp., as a Finance Manager, at a FMCG Co., Bangladesh- Dhaka
FMCG Co.
Experience : 5years - 6 years
Salary: 0.0 Lacs - 0.0 Lacs
Location: Bangladesh, Dhaka,
Job Validity: 2022-10-19
Functional Skills: Others
Job Type : Permanent
Industry : FMCG
Qualification : Chartered Accountant,
Role : CA, with 5-6 years of exp., as a Finance Manager, at a FMCG Co., Bangladesh- Dhaka

Job Description

OVERVIEW

Position

Finance Manager – Bangladesh

Location

Dhaka

 

Supervised by

Commercial Manager - BCCL

Supervises

NA

 

Department

Finance & Accounts

 

Role Purpose

To oversee the Finance and commercial operations for Bangladesh. The candidate will be responsible for Financial Integrity and cost controls, banking and Treasury Operations and partnering with the local Leadership team to support on performance delivery and efficiency initiatives..

 

 

KEY ACCOUNTABILITIES & ACTIVITIES

 

Key Accountability Areas

Key Activities

KPIs

Planning, Strategy & Financials

  • Manage the relationship with Distributor and service providers and address issues with these parties if it comprises business performance or integrity
  • Establish a positive and effective working relationship with the local team to deliver complete, timely and accurate results free from error consistently on a monthly basis
  • Ensure financial integrity with strict compliance to local statutory, regulatory, legislative and tax requirements
  • Responsible for ideation for profit generation and planning in the region
  • Prepare Monthly MIS/ Reporting within due dates for local as well as corporate leadership team on business performance and highlights
  • Prepare detailed account statements on a periodic basis (monthly/quarterly/annually)
  • Responsible for working capital management and forecasting of Cash/fund flow requirement
  • Responsible for filing of Direct and Indirect tax returns, financial returns and payment of applicable taxes and local levies
  • Ideas for profit generation
  • Relationship management
  • Planning as per strategy

Operational/ Functional

Act as a Business Partner to drive topline and bottom-line for the Country, this includes but not limited to:

Finance Management :

  • Manage and oversee daily operations relating to finance of Bangladesh
  • Approve all spends before they are sent for payment processing- Logistics, supply chain, legal, marketing, sales promotion etc. 
  • Generate financial dashboards, MIS, reports and statements
  • Adhere to accounting standards / ensure financial compliance in conjunction with the local law, IND AS and corporate accounting standards
  • Strong cost controlling / Optimization background.  Allocation and monitoring of the control centers.
  • Budgetary Control including preparation of annual/monthly budgets and variance analysis
  • Maintain dialogues and working relationship with auditors, auditors (external/internal) and legal firms and others to ensure compliant operations . 
  • Guide local and corporate team on compliance of all matters-finance, accounting, tax for the country.

 

Commercial Finance :

  • Jointly prepare AOPs, budgets, spend and forecast activities including exercising accounting control to ensure that budgeted expenditures do not exceed amounts authorized without proper approval.
  • Rigorous monitoring of the spend allocation and reimbursement of spends to distributors.  Audit the supporting’s and debit notes and then, approving the final payments.
  • Assist in negotiation and closure of commercial terms with new distributor, Contract Manufacturer and other such local business partners.
  • Manage entire 3 P / 2 P vendors – from reconciliation, accounting, operational and financial issues resolution.
  • Share analytics with Sales Team & help them to identify gaps in the market to drive business
  • Shall contribute knowledge and experience to take decisions such as taking positions on items based on requirement
  • Shall be responsible for ensuring that all regional financial and profitability statements are generated on time
  • Profitability
  • Cost efficiency
  • Distributor development

People / Self Development

  • Seek requisite developmental support/ inputs from the leadership and strive for self-development, both functional and behavioral
  • Undergo training as required for self-development
  • Update self-knowledge base to cater the organization need

 

Policies, Processes and Procedures

  • Monitor and implement internal controls (in conjunction with corporate policies) as necessary to ensure reporting integrity, safeguard company assets, and identify risks
  • Responsible for verification of stock /assets and reconciliation with books
  • Shall carry out periodic external benchmarking of the operations with similar industries /corporate and generate ideas for improving profitability and for implementation of best practices
  • Benchmarking process

 

 

Key Stakeholders

Internal

External

  • CFO
  • Head- Business partnering, Commercial & Plant
  • Shared service Finance team (for payments etc.)
  • Department Zonal/Regional Heads
  • External shareholders
  • Vendors and suppliers
  • External Consultants
  • Internal and External Auditors

 

 

QUALIFICATIONS / REQUIREMENTS

Knowledge and Experience

  • 5-6 years of relevant experience in managing Finance and commercial Operations (FMCG/Consumer Care Industry)
  • Fluency in Bengali

Education and Certifications

  • Chartered Account
         
         
     
     

 

About Company

Posted by
Admin
Posted Industry
FMCG
Job Code
005771
Location
Dhaka
Posted on
21 Jul 2022
Views
145
Applications
5