Finance Manager, Bangladesh

The Finance Manager Bangladesh will be leading the Finance organization in Bangladesh which includes the following functions: Accounting & Reporting Purchasing Finance IT Payroll Tax Treasury and Insurance & Risk Management. 

The goal is to ensure an effective level of support services in the country aiming to increasing efficiency while ensuring the right level of compliance and control. Standardization of processes and systems are a key success factor. If the business within country grows in further a National Service Centre (NSC) will later be created.

The Finance Manager reports directly to the local Managing Director (MD) from the largest Business Line in dotted line to the Senior Finance Director (SFD) AsiaPacific and MiddleEast with local support from NSC India (temporary).

MAIN RESPONSIBILITIES

• Daytoday leadership and performance management of the finance teams processes and activities (reliable effective efficient) including the implementation of a performant organization and the development of strong teams:
  • Organization and Management
    • Organize and manage the different finance functions (Accounting & Controlling; Treasury Tax & Legal; Credit & Collections; Purchasing; Payroll and Finance IT). Team of 2 FTE.
    • Define and manage overall performance by target setting & monitoring including the definition of corrective actions when & where needed.
    • Establish and maintain a high performing team recruiting young talents and growing and evolving strong team members in line with agreed targets and budget. Ensuring succession planning for key positions is in place.
  • Accounting & Reporting
    • Manage accounting & monthend closing processes ensuring reliable & timely closing and reporting of all Eurofins entities in the country to local and Group management.
    • Manage the relationship with Auditing and Accounting firms during interim and annual reviews.
    • Ensure proper controls are put in place supervise the application of the group manual of procedures.
  • Treasury Tax Legal & Risk Management
    • Active management of Net Cash and Cash Flow.  Manage the relationship with local banks. Oversee the payments process and manage banking access rights.
    • Ensure compliance with tax laws and regulations (CIT incl. TP. VAT payroll tax WHT). Includes tax planning filing returns and tax reporting. Acting as the main point of contact to local tax authorities.
    • Monitor and improve the national insurance policies identify areas of over and underinsurance.
    • Provide legal advice to business managers on contractual matters & litigations (commercial social & labour laws).
    • Contract management and archiving (Corporate Data Room).
    • Manage and optimize working capital by overseeing AR AP and cash flow planning.
  •  Purchasing/ Procurement
    • Develop and implement sourcing strategies in close collaboration with Group Purchasing in order to obtain significant cost savings and manage Total Cost of Ownership while ensuring quality and service levels.
    • Manage and optimize the procurement processes systems and tools in order to ensure effective and efficient procurement of goods and services.
    • Ensure group wide reporting on purchase and the exact calculation of savings obtained (purchase database).
  • Payroll administration
    • Manage the payroll administration in order to ensure employees are properly administered and paid.
    • Staying abreast with (changes to) social & labour laws and regulations in order to ensure compliance.
  • Finance IT
    • Define and manage together with Finance IT and the local team and in close cooperation with the Group Finance IT Service Centre all relevant IT projects in Finance Payroll and Purchasing (e.g. migration to new software versions integration of new companies etc).
    • Define implement and ensure application of optimized and harmonized processes in line with the Group standard in the area of Finance and Purchasing.
    • Ensure appropriate timely information/ communication about content and progress of any Groupwide project impacting IT systems for all project members as well as with the National Service Centre and Operating Business Units.
  • Business Controlling
    • Monthly review of results & performance management against agreed targets and budget projections. Preparation of regular reports of costs per cost centre business units (and more granular level) and products required to drive business performance.
    • Support on the yearly Budget preparation process. Deliver forecast of the yearend figures in case of significant deviations and/or if required by Group Management. Preparation of ad hoc reports that may be needed by Business.
    • Prepare cashflow forecasts and funding requests in case they are needed ensuring a timely identification of a financing need and the funding in due time in order not to affect operations.
    • Support on improving Net Working Capital. Involved on the budget preparation for NWC and proposing and followup actions plans which ensure that we adjust for the current activity level and achieve the agreed targets.
    • Support Sales Managers in defining and implementing sales rules (financial conditions discount terms of payment general terms of sales) or when writing particular contracts that require specific financing.
    • Support on other activities related to Business Controlling as per business needs and mutual agreements.
• • Credit & Collections
    • Coordinate the credit collections activities which are performed by collection agents located in the different Business Units.
    • Manage credit collection litigations and bad debt recovery.
• Driving the implementation of standard processes and systems in close collaboration and alignment with the Business and Group Finance function:
  • Active contribution and validation of the design of standard Groupwide Finance & Purchasing processes as proposed by Group Finance.
  • Drive the implementation of these standard processes KPIs and controls across the different businesses and functions.
• In strong relation with the acquiring Business Line leader leading the Post Merger Integration activities related to activities in the scope the NSC.
• Partnering with divisional business leaders and supporting decision making processes while ensuring financial discipline across the different business lines.

Qualifications :

QUALIFICATIONS

Education: 

• Master Degree in Finance / Accounting or equivalent.
• Advanced certification in accounting: chartered accountant (CPA or local equivalent) ACCA other similar relevant is preferred.

Professional experience: 

• 810 years of experience of which at least 23 years in a similar position.
• Experience with implementation of financial processes and systems and associated project management.
• Experience with local accounting systems and advanced proficiency in Microsoft Excel.
• Background in financial audit is preferred.
• Experience with postmerger integration projects is a plus.
• Experience in managing a small accounting department independently or leading a small team in an outsourcing accounting firm.

Personal skills

• Results oriented.
• High level of energy drive and passion to succeed.
• Change agent can do mindset constantly challenging status quo.
• Structured with strong organisational skills.
• Accurate diligent and highly reliable.
• Pragmatic proactive flexible and adaptable.
• High degree of autonomy selfstarter.
• Good communication skills.
• People Manager and motivator.

Technical Skills:

• Strong analytical skills able to quickly comprehend complicated structures and processes.
• Excellent technical financial skills including: accounting reporting audit internal control tax and net working capital management. Knowledge of IFRS and local GAAP.
• Ability to go into the right level of details when needed but as well to maintain a helicopter view.
• Strategic ability: able to establish a vision and goals for the team to create a plan to achieve these goals and to manage implementation.
• Stakeholder management: able to understand the complexity and dynamics of a large group with multiple internal stakeholders and to successfully operate within this environment.

Language skills

• Local language (fluent written and spoken).
• English (fluent written and spoken).

Location:

• Bangladesh Dhaka.

Additional Information :

We support your development! Do you feel you dont match 100% of the requirements Dont hesitate to apply anyway! Eurofins companies are committed to supporting your career development.

We embrace diversity! Eurofins network of companies believe in strength and innovation through diversity being an Equal Opportunity Employer. We prohibit discrimination against employees or applications based on gender identity and/or expression race nationality age religion sexual orientation disability and everything else that makes employees of Eurofins companies unique.

Sustainability matters to us!  We are well on our way to achieving our objective of carbon neutrality by 2025 through a combination of emission reduction and compensation initiatives. We encourage our laboratory leaders to make sustainable changes at their local level and in addition to their initiatives we also count on our dedicated carbon reduction team to help us to achieve this goal!

Find out more in our career page:  description: Eurofins Scientific is an international life sciences company providing a unique range of analytical testing services to clients across multiple industries to make life and our environment safer healthier and more sustainable. From the food you eat to the water you drink to the medicines you rely on Eurofins laboratories work with the biggest companies in the world to ensure the products they supply are safe their ingredients are authentic and labelling is accurate.

The Eurofins network of companies is the global leader in food environment pharmaceutical and cosmetic product testing and in discovery pharmacology forensics advanced material sciences and agroscience contract research services. It is one of the market leaders in certain testing and laboratory services for genomics discovery pharmacology forensics advanced material sciences and in the support of clinical studies as well as having an emerging global presence in Contract Development and Manufacturing Organisations. It also has a rapidly developing presence in highly specialised and molecular clinical diagnostic testing and invitro diagnostic products.

In over 35 years Eurofins has grown from one laboratory in Nantes France to 61000 staff across a decentralised and entrepreneurial network of ca. 900 laboratories in 61 countries. Eurofins companies offer a portfolio of over 200000 analytical methods to evaluate the safety identity composition authenticity origin traceability and purity of biological substances and products.

In 2022 Eurofins generated total revenues of EUR 6.7 billion and has been among the best performing stocks in Europe over the past 20 years.

Remote Work :

No

Employment Type :

Fulltime