Deputy Manager/ Manager-Budgeting and Cost Control

Bombay Sweets & Co. Ltd.

Bombay Sweets & Co. Ltd.

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Summary

• Vacancy: —
• Age: 25 to 35 years
• Location: Dhaka
• Salary: Negotiable
• Experience: 5 to 7 years
• Published: 20 May 2024

Requirements

Education

• BBA/MBA in Accounting from any reputed University
• ACA/CA CC or equivalent having minimum 3 years’ experience in internal audit and compliance in any FMCG Company.

Experience

• 5 to 7 years

Additional Requirements

• Age 25 to 35 years

• May require to visit factory as and when required
• Strong interpersonal skills in dealing with different department of the business.

Responsibilities & Context

• Collaborate with department heads to formulate budgets that reflect realistic cost projections.
• Monitor spending to ensure it does not exceed budget limits and adjust forecasts based on operational changes or strategic shifts within the company.
• Provide monthly, quarterly, and annual budget reports to senior management detailing performance against benchmarks.
• Conduct thorough reviews and audits of all expenses across the company to ensure costs are aligned with approved budgets.
• Analyze current expenditures, identify cost drivers, and assess the correlation between activities and expenses.
• Utilize accounting systems and software to track costs and report irregularities or variances from expected spending levels.
• Identify inefficient cost structures and propose modifications to enhance efficiency and reduce expenses without compromising on quality or output.
• Implement cost-saving initiatives that may include renegotiating contracts, consolidating purchases, or finding more cost-effective operational methods.
• Lead cross-departmental initiatives to find synergies and cost-saving opportunities.
• Prepare detailed reports and presentations for executive management that explain cost trends, potential risks, and the impact of current cost-saving measures.
• Recommend financial actions by analyzing accounting options, suggesting potential acquisitions or divestitures based on cost structures.
• Influence and advice on the financial implications of business decisions, including long-term planning, introduction of new strategies, and regulatory impact.
• Work closely with procurement, operations, and all other departments to align cost management strategies with company objectives.
• Communicate with suppliers and contractors to negotiate terms of service and products to lower purchasing costs (if and when required).
• Review procurement and operational policies for compliance with financial legal standards.
• Coordinate with compliance officers to ensure at financial practices adhere to regulatory requirements.
• Any other jobs as assigned by the management time to time.

Compensation & Other Benefits

• Provident fund, Gratuity
• Festival Bonus: 2

Workplace

Work at office

Employment Status

Full Time

Job Location

Dhaka

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