Manager Finance

Report to: Chief Financial Officer
Location: Islamabad
Application deadline for the position is October 10, 2021

About Us:

Karandaaz believes that every Pakistani deserves to be Financially Included and Economically Empowered. Our Mission at Karandaaz is to Foster economic growth and create jobs through financial inclusion of unbanked individuals and unserved enterprises.

Karandaaz Pakistan is a not-for-profit organization, based out of Islamabad, registered with the Securities and Exchange Commission of Pakistan under Section 42 of the Companies Act 2017. We are supported by Foreign, Commonwealth & Development Office (FCDO) and Bill and Melinda Gates Foundation (BMGF). Karandaaz is governed by an eminent board who set the strategy of the organization and steer it towards achievement of its objectives.

Position Summary:

Karandaaz Pakistan is seeking a Manager Finance to manage the company’s financial operations including but not limited to budgeting, payroll, accounting, treasury, payments, taxation and reporting.

Job Description:

  1. Financial Management
  • Develop a budget in line with the approved business plan;
  • Responsible for designing and managing budgetary control function;
  • Develop financial policies, procedures and systems to meet company objectives;
  • Develop financial KPIs to be monitored as a part of management reporting for business control and decision making;
  • Prepare budget variance analysis at regular intervals;
  • Provide timely and accurate analysis of budgets, financial reports and financial trends;
  • Liaison with department managers on financial issues impacting departmental and company budgets;
  • Assist operations team in carrying out appraisals of investment proposals;
  • Manage contractual arrangements and ensure timely payments to the business partners and vendors.  
  1. Accounting & Reporting
  • Maintain books of accounts and record keeping in compliance with the regulatory/accounting framework.
  • Ensure compliance with policies and procedures for all transactions
  • Oversee monthly/quarterly financial closing
  • Maintains reporting of Fixed Assets in system (Depreciation, reconciliation)
  • Oversees Payroll disbursement and incorporation of the same into the system on monthly basis
  • Ensure all banks are reconciled on monthly basis
  • Supervises team in preparing budget vs actual spend reports on monthly basis along with variance analysis
  • Liaison  with the tax advisors to ensure withholding tax statements and annual tax return of the company are prepared and submitted in a timely manner
  • Support employees with provident fund withdrawal requests by ensuring they abide by the provident fund rules and policies
  • Ensure provident fund books are being maintained in accordance with the rules and guidelines and also responsible for timely completion of annual audit of employees’ provident fund
  • Facilitate donor audits and take remedial actions when required
  • Keep abreast of new accounting regulations
  • Liaison with the internal and external auditors of the organization
  • Ensure taxes are withheld and deposited in Government Treasury as per prevailing Tax Laws
  1. System Management
  • Maintain a documented system of accounting policies and procedures;
  • Implement and manage ERP based accounting system and have knowledge of managing ERP preferably Oracle Fusion;
  1. Funds Management
  • Forecast cash flow positions and available funds for investment;
  • Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements;
  • Use hedging to mitigate financial risks on foreign exchange transactions;
  • Maintain banking relationships;

Candidate Profile:

  • Bachelors/Master’s degree in finance and accounting OR Chartered Accountant OR ACCA/ACMA qualified OR related discipline from a reputable international or Pakistani institution.
  • Atleast 8 years of relevant experience.
  • Experience of working with international donor agencies and financial institutions will be an added advantage.

Behavioral Skills:

  • Passion for KRN Vision of financial inclusion and Corporate Values
  • Self-driven individual with the ability to handle assignments with minimal supervision
  • Decision-making skills, analytical skills and problem-solving skills
  • Ability to interface and manage vendors 
  • A good team-player who is able to promote the spirit of joined of working at all levels
  • Ability to represent Karandaaz Pakistan in a confident, courteous and coherent manner
  • Demonstrated behavior of professional and personal ethics, transparency and openness
  • Creates team-spirit and ensure seamless interaction among team members

Technical Skills:

  • Excellent Analytical and report writing skills required
  • Good command over IAS/IFRS
  • Proficiency in MS. Office
  • Working knowledge of finance and accounting softwares (Oracle Fusion, MS Dynamics)
  • Advanced level understanding of Finance and Accounting concepts

Culture and Values at Karandaaz:

Karandaaz Culture is guided by our values of Innovation, Collaboration, Accountability, Respect and Equity (ICARE). These values shape our choices on what we do and how we do it, both with colleagues internally and partners externally. We also believe that we are all responsible for creating a great place to work and are constantly looking to hire individuals who bring the same level of passion and commitment to the purpose of the organization.

If you believe in Karandaaz vision and values and feel excited about the work we are offering, please send us your application for this position to clearly mentioning the position title in the subject line. We will be accepting submissions till October 10th, 2021.

Karandaaz is an equal opportunity employer. Women and people with disabilities and encouraged to apply.

Copyrights © 2024 Karandaaz Pakistan
Non-profit company registered under Section 42 of the Companies Act, 2017