Planning & Budgeting Manager

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This position will remain open until filled.

Function: People & Culture, Rewards & Operations

Location: Dhaka, Bangladesh

Reporting to: Head of Rewards & Operations

Role: Permanent

Planning and Budgeting Manager (Market)

As the Planning & Budgeting Manager, you will: 

• HR Analytics
  • Work closely with key stakeholders regarding HC projection and derive key insights for regular FTE tracking, Functional requirement and P&C Director/R&O Lead
  • Analyze planning trends, and monitor plan vs actual spending  
  • Drive cost optimization through data analytics and smart resource allocation in discussion with Budget Owners
• Annual Strategic Plan
  • Monitor changes due to new hires, internal movement (position change, promotions, salary changes etc.), restructuring, replacements and terminations etc. to ensure alignment with the plan period
  • Develop 3-year projection for S&F and Non-S&F, closely working with Budget Owners
  • Prepare trends and data analysis to support planned numbers, working closely with Rewards and FP&A
  • Respond to all queries from P&C Director and FP&A
  • Coordinate with Global functions for planned S&F for verticalized functions
• Budget control and monitoring
  • Monthly reconciliation based on planned numbers and actuals spent, identifying key trends and deviations
  • Monthly narratives shared with FP&A explaining key deviations from planned numbers
  • Updated planned numbers during Commercial Reviews (CR), Latest Estimates (LE) and Outlooks (OL), based on approved deviations / exceptions to ASP plan
  • P&C SPOC for budget vs actuals information
  • Continuously refine planning assumptions to minimize plan vs actual variance.
• Reporting
  • Provide GL-wise narratives, analysis and justification on a monthly basis, separately, for AP vs LE and OL vs LE for Factory and Leaf Expats.
  • Prepare monthly variance analysis and narratives for Actual vs Plan and Actual vs OL for Factory and Leaf
  • Prepare and submit accruals for PSIP, Earned Leave, Festival Bonus, Long Service Award, etc. and manage reconciliation with Finance team on a monthly basis, if any.
  • Manage STA cross-charges (Home & Host)
• IA cost management (for Entity 1420):
  • IA HC and budget planning in coordination with Benefits & Rewards, Admin and EHS, Local and Global Mobility Business Partners
  • Plan IA Tax in consultation with external tax consultant, Benefits & Rewards Manager, and Global Tax team
  • Periodic reconciliation of IA costs
  • Provide insights for local decision-making to optimize IA costs
• System Utilization
  • Ensure HC and Opex updates in MPC tool as per Global MPC timeline
  • Manage offline and MPC submissions ensuring data consistency between planning and reporting outputs.
  • Coordinate with Global MPC team on changes and requirements on global reporting tools
• Other responsibilities
  • Preparation and approval of relevant policies, guidelines and SLAs to ensure standard process and business continuity
  • Deliverables assigned time-to-time by Line Manager and People and Culture Director 

Requirements:

• BBA (with Finance major) or graduation in Finance preferred 
• Minimum 5 years experience specialized in HR Budgeting, Planning and Analytical role, preferably from FMCG
• Fluent in English Communication.
• Advanced Microsoft Office tools usage (highly specialized in Excel.), equally proficient in other MS tools such as MS power point, MS word etc. 
• Functional Skills:
  • Strong analytics and problem-solving skills
  • Strong organization and project management skills including multiple stakeholders
  • Understanding of business and HR trends in the market
  • Clear understanding on compensation, benefits and organization structures
  • Use different tools and platforms introduced by Global Teams

Are you ready to join us? Build your success story at JTI. Apply now!

Next Steps:

After applying, if selected, please anticipate the following within 1-3 weeks of the job posting closure: Phone screening with Talent Advisor > Assessment tests > Interviews > Offer. Each step is eliminatory and may vary by role type.

At JTI, we strive to create a diverse and inclusive work environment. As an equal-opportunity employer, we welcome applicants from all backgrounds. If you need any specific support, alternative formats, or have other access requirements, please let us know.