Saykat Kumar Basak
Dhaka
Summary
Reliable Manager demonstrating high level of ownership and initiative. Possessing exceptional work ethic and desire to go above and beyond to exceed company expectations. Offering knack for building productive working relationships. Successful in fast-paced, deadline-driven environments to manage goals and team development. History of thriving in team-oriented environments.
Overview
7
7
years of professional experience
Work History
Asst. Manager Cost & Budget
REMARK HB LIMITED
Dhaka
11.2023 - Current
- Update standard costs for all products, including raw materials, labor, and overhead, ensuring accuracy and timeliness.
- Calculate overhead rates and allocate costs to products to maintain accurate financial reporting.
- Develop annual budgets in coordination with various departments.
- Monitor and track budget performance, identifying areas of variance and taking corrective action.
- Prepare detailed, batch-wise wastage reports, ensuring comprehensive data accuracy and clarity, and coordinate with relevant teams to validate the information.
- Prepare a comprehensive inventory aging report, highlighting item longevity, turnover trends, and potential slow-moving or obsolete stock.
- Calculate and update mold costing to reflect depreciation, maintenance, and production usage, ensuring its proper allocation in product cost analysis.
- Analyze cost components to set the Minimum Retail Price for new products.
- Collect, analyze, and interpret operational cost data to support cost-saving initiatives.
- Prepare detailed profit and loss reports for individual SKUs to assess product profitability.
- Regularly review and update the Bill of Materials for finished goods to reflect changes in material requirements.
- Assist the implementation and maintenance of standard costing methodologies within SAP.
- Perform variance analysis between standard and actual costs to identify cost discrepancies and improve cost management.
- Prepare feasibility reports for new projects to evaluate financial viability and strategic alignment.
Sr. Executive Cost Management
QUASEM INDUSTRIES LIMITED
Dhaka
03.2023 - 10.2023
- Prepared monthly cost reports, variance analyses, and profitability reports for management review.
- Conducted detailed variance analysis between standard and actual material consumption.
- Calculated the landed cost of materials, ensuring accurate cost allocation for imports and local purchases.
- Developed comprehensive Cost-Volume-Profit (CVP) analysis reports to support strategic decision-making.
- Performed ad hoc financial analyses and delivered actionable insights to enhance cost management strategies.
- Determined product-wise cost structures by analyzing raw materials, labor, and overhead costs.
- Generated regular cost reports and financial statements focused on cost control, variance tracking, and profitability.
- Established Minimum Retail Prices (MRP) for products targeting both export and domestic markets.
Executive Cost & Budget
Walton Digi-Tech Industries Limited
Gazipur
02.2022 - 02.2023
- Determined product cost, budget, and forecast reports for WDC, WCL, and PCBA operations.
- Planned and collected data to develop and maintain cost accounting systems, documentation, and records.
- Reviewed standard Bill of Materials (BOM) costs versus actual job costs, reporting any arising variances.
- Analyzed VAT value addition compliance in product pricing and updated prices in EBS in line with management directives.
- Prepared monthly consolidated reports, highlighting actual performance, standard product costs, and budgeted costs, including variance analysis, observations, controls, and statistical insights.
- Conducted break-even analysis by product, comparing actual and standard scenarios for strategic planning.
- Allocated factory overheads and provided accurate data to the general accounting team for system entry.
- Assisted superiors in the preparation of monthly and yearly budget plans.
- Analyzed applied versus actual factory overheads and implemented corrective treatments for under- or over-applied overheads within the accounting system.
- Prepared feasibility analysis reports for new projects or products to support business expansion decision.
Asst.Executive
Virgo Retail Ltd
Rampura
10.2018 - 01.2022
- Assist in Preparation of Monthly Financial Statements.
- Prepared Landed cost of Materials.
- Determined Product Costing according to model wise.
- Prepared monthly payroll & labor payment sheet.
- Prepared monthly vat Return.
Education
MBA - Accounting
National University
Dhaka02-2022
BBA - Accounting
National University
Dhaka09-2018
Skills
- Cost management
- Budget development
- Variance analysis
- Financial reporting
- Cost allocation
- Inventory management
- Profitability analysis
- Data analysis
- Cost-saving initiatives
- Strategic planning
- Attention to detail
- Problem solving
Professional Qualification
Completed 1800 Out of 2000 marks under The Institute of Cost and Management Accountants of Bangladesh.
Timeline
Asst. Manager Cost & Budget
REMARK HB LIMITED
11.2023 - Current
Sr. Executive Cost Management
QUASEM INDUSTRIES LIMITED
03.2023 - 10.2023
Executive Cost & Budget
Walton Digi-Tech Industries Limited
02.2022 - 02.2023
Asst.Executive
Virgo Retail Ltd
10.2018 - 01.2022
MBA - Accounting
National University
BBA - Accounting
National University
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