(NITEX is the full-stack B2B platform that helps large fashion brands buy designer styles at scale and manufacture them in bulk across the fragmented network of factories in Bangladesh. NITEX has presence in Singapore, United Kingdom, Turkey, Estonia, Spain & Germany. And its headquarters is located in Bangladesh.)

𝐑𝐨𝐥𝐞𝐬 & 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬:
❖ Ensuring preparation & delivery of MIS on timely manner to the CFO and other key stakeholders.
❖ Generating Financial statements for all operating countries and developing Group consolidated FS for the
stakeholders.
❖ Individual country wise financial performance analysis, budgetary analysis, robust monitoring of
budgetary control and preparation of variance analysis, brand wise contribution and performance
analysis to overall earnings and monthly review with the management.
❖ Active supervision of the VAT-TAX filing with the NBR and company secretarial compliance with RJSC.
❖ Active supervision of Treasury activities and banking operation on time-to-time basis.

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Internal Audit Role

❖ Develop the organization’s monthly & quarterly audit plan.
❖ Evaluate performance & quality of audit assignments.
❖ Review and assist external auditors' assignments.
❖ Assess the risk level and notify to the committee.

❖ Develop different internal policies & SLAs.

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Treasury & Finance Control Role

❖ Conduct yearly statutory financial audit.
❖ Prepare year end adjustment and take necessary approval from board.
❖ Preparing month-end & year-end financial statements (& Consolidation).
❖ Oversees and takes responsibility for all financial procedures, records, and accuracy and ensure month closing.
❖ Prepare the projected Cash flow statement.

❖ Managing working capital in an efficient & effective way.

❖ Trade off between liquidity vs profitability.
❖ Analyze and identify the variances.
❖ Continually optimize company's investment portfolio.
❖ Responsible for liquidity management of all entities.
❖ Prepare weekly burn report.
❖ Manage all relationships with financial institutions supporting company's cash management operations.
❖Ensure adequate liquidity for working capital needs and invest short-term excess cash; manage inter-company cash including inter-company lending and capital injections.

❖ VAT & TAX related tasks.

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❖ Structuring all financial & accounting activities of our subsidiaries' (MVRK Studios Limited & X Solutions Limited).
❖ Reporting the monthly financial statements to management.
❖ Analysis of financial data based on historical data & forecast data.
❖ Submitting the monthly budget to management and find out the budget variances.
❖ Conduction process of Internal & External financial audit, compliance audit as per the annual audit plan.
❖ Over-viewing the cash (including petty cash) & bank related activities.
❖ Maintaining sales and purchase related VAT activities, refunding procedures, debit & credit note adjustment.
❖ Managing and monitoring the factoring agreement with IDLC.
❖ Conducting the assets management activities of the parent company as well as subsidiaries.
❖ Recording the above information through Tally ERP.9 (for parent company), Troyee ERP (for subsidiaries) and MS Excel.

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❖ Recording and maintaining sales, sales returns, and discounts.
❖ Collecting the materials details and labor expenses from the respective departments.
❖ Finding out the overhead expenses.
❖ Allocating the related overhead expenses to the product costing.
❖ Finding out the elasticity of demand for an existing product.
❖ Setting up a primary price for a new product and periodically updating the existing product price.
❖ Setting up the BEP for a new product

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