AGM – Cost & Budget

Fakir Knitwears Ltd., one of Bangladesh’s leading knitwear and garment manufacturing organizations under the Fakir Group, is seeking a highly experienced and technically proficient professional for the position of AGM / Sr. Manager – Cost & Budget at its Narayanganj facility. The incumbent will be responsible for leading and managing all functions of the Costing Department alongside organization-wide budgeting and cost-control activities — from pre-costing and order-wise costing to annual budget preparation, cost variance analysis, and profitability reporting. This is a strategic and senior-level role requiring comprehensive mastery of garment and knitwear costing combined with strong financial planning and budgetary control expertise. The ideal candidate must be capable of managing a team, working with multiple international buyers, and contributing directly to management decision-making through accurate and timely cost and budget data.

• Lead and manage all activities of the Costing Department — including pre-costing, final costing, order-wise cost analysis, and post-shipment cost reconciliation.
• Prepare accurate and detailed garment/knitwear cost sheets including fabric consumption, trims & accessories, CM (Cut & Make), overhead allocation, and profit margin calculation.
• Conduct pre-costing at the sampling/development stage and provide competitive cost breakdowns to the Merchandising and Marketing teams for buyer negotiations.
• Analyze and calculate fabric consumption (knitting, dyeing, finishing) along with wastage factors to ensure accurate costing for each style/order.
• Prepare the organization’s Annual Budget covering production, factory overhead, administrative, and capital expenditure across all units.
• Develop department-wise and unit-wise budgets in coordination with Production, Commercial, HR, and Finance departments; consolidate into a master budget.
• Monitor monthly and quarterly budget vs. actual performance; analyze variances and present corrective action recommendations to management.
• Calculate Cost of Goods Sold (COGS), contribution margin, and order profitability for each buyer and style; present reports to senior management.
• Develop and maintain standard costing rates for direct labor, machine utilization, and factory overhead in coordination with Finance and Production.
• Coordinate with Merchandising, Production, Procurement, and Finance teams to collect accurate input costs and ensure costing reflects real operational data.
• Support the Merchandising team during buyer price negotiation by providing detailed cost justification and alternative cost scenarios.
• Conduct cash flow forecasting and capital expenditure planning in alignment with the approved annual budget.
• Prepare order-wise profitability reports, monthly costing/budget summaries, and management dashboards for senior leadership review.
• Conduct periodic cost audits and benchmarking to identify areas for cost reduction, budget optimization, and operational efficiency improvement.
• Ensure timely submission of cost sheets for all new developments, bulk orders, and repeat orders as per buyer/merchandising deadlines.
• Train and develop junior costing and budgeting team members; build capacity and ensure knowledge transfer within the department.