A manufacturing business is seeking a detail-oriented Assistant Manager/Manager – Accounts to oversee its financial and accounting operations. In this role, you will manage day-to-day accounting functions, ensure accurate product costing, oversee inventory accounting, and provide critical financial insights to optimize decision-making efficiency.
The ideal candidate will bridge the gap between production operations and financial reporting, ensuring compliance with accounting standards while driving cost-control initiatives.
Key Responsibilities
1. Cost Accounting & Inventory Control
• Inventory Valuation: Oversee the accounting of production stages using standard costing methodologies.
• Variance Analysis: Track, analyze, and report on production variances (material yield, labor efficiency, and overhead spend) against standard costs.
• Lower of Cost or Market (LCM): Periodically review inventory for obsolescence, slow-moving items, and write-downs.
2. Financial Reporting & Month-End Close
• Ledger Management: Manage the general ledger, accounts payable (AP), accounts receivable (AR), payroll and other operating costs reconciliation.
• Month-End/Year-End Close: Lead the closing process for the manufacturing plant, ensuring all manufacturing overheads are accurately allocated and absorbed.
• Financial Statements: Prepare accurate balance sheets, income statements, and cash flow projections for management review.
3. Budgeting, Forecasting & Controls
• Budget Formulation: Build Monthly/Quarterly/Annual operational budgets and rolling forecasts in coordination with departments and Management.
• Internal Controls: Establish and enforce robust internal controls over inventory movements, scrap reporting, and capital expenditures (CAPEX).
• Fixed Asset Management: Maintain the fixed asset register, tracking depreciation on manufacturing plant, machinery, and equipment.
4. Compliance & Audit
• Tax Compliance: Ensure timely and accurate filing of corporate taxes, VAT/Tax (where applicable), and manufacturing-specific levies.
• Audit Coordination: Serve as the primary point of contact for external and internal auditors, providing necessary schedules and reconciliations.
Required Qualifications & Skills
• Education: Bachelor’s degree in Accounting, Finance, or a related field. Professional certifications such as CPA, CMA, or ACCA are highly desirable.
• Experience: 5+ years of progressive accounting experience in the relevant industry.
• Technical Proficiency:
o Expert-level Microsoft Excel skills (vlookups, pivot tables, complex financial modeling).
o Proficiency in ERP systems (e.g., SAP, Oracle, Microsoft Dynamics, or NetSuite) with module experience in Production/Costing will be added advantage.
• Soft Skills:
o Strong analytical acumen, exceptional attention to detail, and the ability to communicate financial data clearly to non-financial plant operations teams.
o Ability to provide decision making inputs to Management clearly, meaningfully and correctly.
Performance Indicators (KPIs)
• Accuracy and timeliness of the month-end close (typically within 5-7 business days).
• Audit compliance with zero major non-conformances.
• Clarity and Decision making inputs for Financial decision making.
Other details
• Office Location: Banani, Dhaka
• Working Days: 6 days in week.
• Might need to visit factories time to time.
• Excellent Career advancement possibility for the proven ones.
Salary: BDT 50,000–65,000+