CA, with 5-6 years of exp., as a Finance Manager, at a FMCG Co., Bangladesh- Dhaka
Experience : 5years -
0.0 Lacs -
Job Type : Permanent
Industry : FMCG
Role : CA, with 5-6 years of exp., as a Finance Manager, at a FMCG Co., Bangladesh- Dhaka
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Finance Manager – Bangladesh
Commercial Manager - BCCL
Finance & Accounts
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
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
Planning as per strategy
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
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
Head- Business partnering, Commercial & Plant
Shared service Finance team (for payments etc.)
Vendors and suppliers
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)