Financial Management
- Develop and monitor annual budgets, financial plans and cash-flow forecasts.
- Manage working capital, cash flow, bank facilities and fund requirements.
- Monitor factory profitability, financial performance and cost efficiency.
- Provide financial analysis and recommendations to top management.
- Ensure optimum utilization of company funds and financial resources.
Accounting & Reporting
- Supervise overall accounting operations, including General Ledger, Accounts Payable, Accounts Receivable and Bank Reconciliation.
- Ensure accurate and timely monthly, quarterly and annual financial statements.
- Review financial reports, trial balances, schedules and management accounts.
- Establish and maintain proper accounting procedures and internal controls.
- Ensure proper documentation and authorization of all financial transactions.
Costing & RMG Financial Control
- Review garment/product costing and factory cost structures.
- Monitor production costs, overheads, wastage and variances.
- Analyze cost per unit, CM cost, factory overhead and profitability.
- Coordinate with Production, Commercial, Merchandising, HR & Admin and Supply Chain departments regarding cost control.
- Identify opportunities for reducing unnecessary costs and improving profitability.
Tax, VAT & Statutory Compliance
- Ensure compliance with applicable Bangladesh tax, VAT and financial regulations.
- Supervise preparation and submission of tax/VAT-related returns and documents.
- Coordinate with tax/VAT authorities, auditors and consultants when required.
- Maintain proper records for statutory inspections and audits.
- Ensure timely compliance with regulatory requirements.
Banking & Treasury
- Maintain effective relationships with banks and financial institutions.
- Monitor bank transactions, LC-related payments, loans, interest and other banking activities.
- Manage daily cash position and fund transfers.
- Review bank reconciliation statements and resolve discrepancies.
- Assist management in negotiating banking facilities and financial terms.
Audit & Internal Control
- Coordinate internal, external and statutory audits.
- Ensure timely preparation of audit schedules and supporting documents.
- Review audit findings and implement corrective actions.
- Strengthen internal control systems to minimize financial risks, fraud and errors.
- Ensure proper segregation of duties within the Accounts & Finance team.
Payroll & Employee-Related Finance
- Supervise payroll-related financial processes and statutory deductions.
- Ensure timely payment of salaries, wages, bonuses and other employee benefits.
- Coordinate with HR regarding payroll, final settlement and employee-related payments.
- Ensure appropriate accounting and documentation of employee benefits and provisions.
Team Management
- Lead, supervise and develop the Accounts & Finance team.
- Set departmental targets and monitor individual/team performance.
- Train team members on accounting procedures, compliance and internal controls.
- Delegate responsibilities effectively and ensure timely completion of assignments.
Management Support
- Prepare financial MIS and reports for senior management.
- Provide financial data for strategic and operational decisions.
- Participate in management meetings and business planning.
- Highlight financial risks, unusual transactions and major variances to management.
- Perform other finance-related duties assigned by management.
