Suman Kumar Saha FCMA

Head of Finance & Accounts at Aman Group of Companies Limited
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Contact Information
us****@****om
(386) 825-5501
Location
Dhaka, Dhaka, Bangladesh, BD

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Experience

    • Bangladesh
    • Textile Manufacturing
    • 1 - 100 Employee
    • Head of Finance & Accounts
      • Mar 2017 - Present

      • Ensure credibility of Group Finance team by providing timely and accurate analysis of budgets, financial trends and forecasts • Look after General Accounting and related activities that ensure to prepare monthly as well as yearly accounts within the stipulated time. • Monitor Treasury function of the group. • Working with the local and foreign institutions (JICA, ECA, IFC) for funding in BMRE. • Preparation valuation report for the equity partnership using alternative methods. • Deals with the new investment proposals and expansion projects. • Negotiation and dealing with the Equity partners on different issues. • Fund Management from different Banking and Financial Institution for the concerns of the group. • Dealing with various consultants on IPO related issues. • Monitor and assist operation of different units of the group and its expansion projects from the financial aspect. • Follow-up monthly Accounting, Costing and MIS reporting. • Product wise utilization analysis and its financial impact and point out the issue to be improve in respect of Sales. • Co-ordination with supply chain and procurement department. • Look after Tax, VAT and Insurance related issue and arrange to submit various reports to the Govt. Authority as per requirement. • Analyze current business and forecasted cash flow, Income statement & Balance Sheet. • Details budgeting practice by breaking the budget at granular level i.e. product wise and individual market segment wise revenue breakdown and prepare the budget accordingly. • Look after the overall project cost and expenditure as per the approved budget and control to minimize it by monitoring the workflow. • Analyze the actual cost with the proposed and report to the top management monthly basis regarding the variation and other. • Keep record of all cost for capitalization. • Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice. Show less

    • Capital Markets
    • 100 - 200 Employee
    • Deputy General Manager, Finance & Accounts
      • Aug 2013 - Present

      • Look after General Accounting and related activities that ensure to prepare monthly as well as yearly accounts within the stipulated time. • Treasury function of the group. • Fund Management from different Banking and Financial Institution for the concerns of the group. • Dealing with various consultants on IPO related issues. • Monitor and assist operation of different units of the group and its expansion projects from the financial aspect. • Follow-up monthly Accounting, Costing and MIS reporting. • Look after Tax, VAT and Insurance related issue and arrange to submit various reports to the Govt. Authority as per requirement. • Prepare and analyze forecasted cash flow, Income statement & Balance Sheet. • Look after the overall project cost and expenditure as per the approved budget and control to minimize it. • Analyze the actual cost with the proposed and report to the top management monthly basis regarding the variation and other. • Keep record of all cost for capitalization • Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice. • Establish and continuously improve accounting system and MIS reporting. Show less

    • Deputy General Manager
      • Apr 2012 - Aug 2013

      • Monitoring preparation of Monthly, Quarterly and Annual Accounts & Cash flow statement. • Report on Export & Import LC movement. • Monitor Reporting on Shipment & Proceed realization status. • Reporting Funded & Non-funded liability status on month end. • Merchandising costing analysis and review. • Control of cost of production by monitoring cost centers. • Analyze banking and other documentation cost of Import and Export. • Review commercial documentation and procedure. • Monthly variance analysis of all production units. • Monitoring Order wise cost & consumption variance reporting. • Prepare Quarterly & half yearly Budget with co-ordination of production dept. • Forecast fund requirement & arrange fund timely to keep operation smooth. • Monitor Department wise process costing. • Monitor recording system of cost for capitalization. • Monthly review of overhead costing. • Monitoring Daily & Monthly department wise performance analysis report. • Analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards; • Analyze business operations, trends, costs, financial commitments, and obligations • Advise management about issues such as resource utilization, cost minimization, and the assumptions underlying budget forecasts. Show less

    • Deputy General Manager
      • Mar 2009 - Mar 2012

      Opex & Sinha Textile Group: Opex & Sinha Textile Group is one of the leading textile groups of Bangladesh (100% export orienting) with 70,000(Approx.) no of worker. This is a well set up textile group with fully backward and forward linkage support setup. Beside Textile sector it has also extend its business towards Real Estate, Telecom and Power sector. Total turnover of the group is Tk. 45,000 million per year. Corporate Office: Shina Group, 82, Mohakhali C/A, Dhaka-1212. Factory: Katchpur, Mirpur, Ashulia, Adamzee EPZ, Rupgong, Meghna Ghat, . Department: Finance, Accounts and Commercial. Duties / Responsibilities: • Monitoring preparation of unit wise Monthly Accounts & Cash flow statement. • Report on Export & Import LC movement. • Deal with Bank regarding fund management & various LC related issues. • Monitor Report on Shipment & Proceed realization status. • Reporting Funded & Non-funded liability status on month end. • Merchandising costing analysis and review. • Control of cost of production by monitoring cost centers. • Analyze banking and other documentation cost of Import and Export. • Review commercial documentation and procedure. • Monitoring Line wise profitability analysis report. • Monthly variance analysis of all production units. • Monitoring Order wise cost & consumption variance reporting. • Prepare Quarterly & half yearly Budget with co-ordination of production dept. • Monitor recording system of cost for capitalization. • Monthly review of overhead costing. • Analyze business operations, trends, costs, financial commitments, and obligations • Advise management about issues such as resource utilization, cost minimization, and the assumptions underlying budget forecasts. Show less

    • Bangladesh
    • Retail Apparel and Fashion
    • 400 - 500 Employee
    • Senior Manager – Finance & Accounts
      • Feb 2007 - Feb 2009

      • In charge of Nassa Spinners Ltd. (66,000 Spindles), Nassa Taipei Spinners Ltd. (44,000 spindles) & Nassa Taipei Denims Ltd. • Fund management i.e. Prepare daily fund distribution statement & budget, • Financial Reporting & Control Activities, • Report Company’s monthly Stock, Asset & liability position, • Review all the transaction, check voucher and maintaining Accounting software Tally, • Monitor L/C Payment & Reconcile Sales & Purchases, • Prepare monthly, quarterly & yearly consolidated position of Textile Division, • Analyze production and consumption data & reconcile stock position, • Monitoring intercompany position, bank accounts of & L/C position, • Analyze variance of cost and profit. • Check Loan Status of other concern of the group. Show less

Education

  • Institute of Cost and Management Accountants of Bangladesh
    FCMA, Proffessional Accountant
    2003 - 2008
  • Jagannath University
    Master’s Degree, Accounting and Finance
    2001 - 2003
  • Narayanganj College
    Bachelor’s Degree, Accounting and Business/Management
    1999 - 2001
  • Chaumohani Goverment S. A. College
    Higher Secondery Certificate, Business/Commerce, General
    1997 - 1999
  • Narayanganj High School
    High School, Science
    1987 - 1997

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