MD. MAHFUZUR RAHMAN

Experience

• 

  HAC Enterprise Ltd

  Dec 2012 - Jan 2015

  Senior Account Executive

  • Managed funds, liabilities, Tally ERP, audits, IATA financials, Treasury, and P&L, generating an extra $0.94 Lac through partner management.

• 

  Labaid Hospitals and Diagnostics

  Feb 2015 - Feb 2016

  Assistant Manager

  • Managed financial reporting and budget variance analysis, providing key insights for decision-making.• Implement ERP with banks & regulatory bodies, contributing to a $0.5 Lac increase in annual profit.

• 

  AZAM & Associates

  Mar 2016 - Feb 2018

  Associates

  • Prepared business proposals, identified solutions, and ensured client growth.• Managed audits, VAT, and tax processes while leading project teams.• Consulted on product costing & budget control, transforming an organization into a profitable entity.

• 

  Rahimafrooz (Bangladesh) Ltd.

  Feb 2018 - Apr 2021

  Plant Cost Controller

  • Led a 4-person team, ensuring product costing accuracy and compliance with producer standards.• Managed planning, budgeting, and forecasting for 3 manufacturing SBUs.• Increased annual profit by $60 Lac through strategic segment investments.• Conducted feasibility studies, prepared group sustainability budget forecasts & handled tax reporting.

• 

  Panna Group

  Apr 2021 - Mar 2022

  Manager, Cost & Budget

  • Managed team for yearly/monthly budgeting, & implementation, improving budgeting accuracy by 15%• Prepared consolidated depot-wise Profit/Loss statement & cost analysis (product/project/operational).• Conducted master budgeting variance analysis and order-wise profitability calculations for Jute SBU, improving order profitability by 10% & led ERP installation & implemented Activity-Based Costing (ABC)• Established a Lean Manufacturing Process, transforming factory losses into profitability.• Implemented Count-wise ABC Costing for accurate cost allocation & enhanced financial transparency. Show less

• 

  DBL Group

  Apr 2022 - now

  • Lead a team of 9 professionals in the cost and budget functions for the RMG unit.• Oversee cost control, financial planning, and budgeting processes.• Ensure accuracy and transparency in financial reporting.• Manage standard costing, pricing, and variance analysis.• Conduct raw material cost planning and product cost management.• Oversee tax, VAT, and compliance management activities.• Handle audit processes and financial reporting for stakeholders.• Introduce and monitor KPIs with financial impact and periodic reviews.• Reduced overtime hours and monthly cost per minute, saving costs.• Identified cross-functional cost-saving opportunities, optimizing resources.• Improved cash flow management, reducing working capital requirements.Achievements:• Implemented Oracle ERP, improving process efficiency and data accuracy.• Increased factory efficiency from 55.49% to 66.50% and cut-to-ship ratio to 99%.• Experienced in SAP FICO applications, including configuration and support.• Boosted fabric utilization to 86%, reducing excess shipments.• Established ABC costing in the knitting section, increasing capacity by 10%.• Reduced sewing DHU from 7.11% to 3%, improving product quality.• Lead the finance team to ensure 100% accuracy in financial reporting.• Implement Oracle ERP system, transitioning from paper-based processes.• Optimized man-machine ratio and reduced packing DHU, enhancing productivity. Show less

  • Senior Manager, Cost & Budget

    Jan 2025 - now

  • Manager, Cost & Budget

    Apr 2022 - Feb 2025