(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:

❖ Prepared standalone and consolidated financial statements for all operational countries, adhering to local and international financial reporting standards.

❖ Delivered timely MIS reports to the key stakeholders, offering critical insights into financial performance.
❖ Proficiently created and compiled investor board decks, presenting key financial insights & performance metrics, strategic business updates, and performance metrics tailored to the requirements of CXOs, stakeholders and investors.

❖ Generating concise and insightful financial reports for the CXOs, delivering critical updates on financial performance metrics, facilitating informed decision-making at an executive level.

❖ Conducted to prepare the integrated financial model for investors and shared it on monthly basis with MIS pack.
❖ Conducted in-depth financial performance analyses by country and brand, focusing on budgetary control and variance analysis.
❖ Led the team in preparing the Burn Report, enabling detailed tracking of expenditure and assessing financial health.
❖ Conducted statutory audits on a country-wise basis, ensuring compliance with local regulatory frameworks, and successfully managed the group audit process, consolidating financials for accurate reporting and compliance.

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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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