Senior Analyst – Financial Reporting and Tax

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 Senior Analyst – Financial Reporting and Tax to provide support in completing the deliverables of the team which includes the coordination of internal and cross-functional financial processes and activities. The incumbent is a member of the Finance Team reporting to the Assistant Manager Finance.

Job Responsibilities

The core functions and responsibilities include the following:

• Preparation of quarterly financial statements/condensed financials in accordance with the IFRS/IAS and Companies Act 2017;
• Assist the line manager in both internal and external audit proceedings of the company;
• To assist the line manager during sponsors’ annual reviews/due diligence/ periodic assessments etc;
• To assist the line manager in analysing financial statements of associated companies and prepare various analysis based on reported data along with the determination of their post-implementation accounting/reporting impact on the balance sheet of parent company;
• Review of monthly/quarterly profits on investments and bank deposits to ensure data accuracy;
• Close liaising with the credit administration department to ensure timely availability of monthly financial data including principal outstanding and profit earned against credit portfolio;
• To assist the line manager in analysing various financial instruments (including equity/debt instruments etc). with respect to their accounting treatment and presentation on the balance sheet of the company;
• Prepare and maintain reports and documents related to SME lending portfolio;
• Assist the line manager in data migration in Oracle Fusion;
• To review and take corrective measures on audit reports submitted by grantees of the company;
• Liaison with the tax advisor for submission of annual tax returns of the company and its Employees Provident Fund;
• Assist the line manager in preparing/reviewing responses against tax notices received from the FBR;
• Assist the line manager in monthly closing of books of accounts;
• Any other task assigned by the line manager/Chief Financial Officer

Eligibility

• CA (Finalist)/ ACCA Qualified with at least 5 years of relevant work experience.
• Must have sound knowledge of the Companies Act’ 2017, Income tax Ordinance’ 2001 and International Financial Reporting and Accounting Standards applicable in Pakistan.
• Experience of donor-funded projects will be a plus.

Desired Skills and Experience

• Knowledge of reputable Financial MIS (example Oracle, Dynamics) preferred
• In-depth knowledge/experience of the accounting cycle
• Ability to meet targets within tight deadlines
• Should be a result-oriented individual
• Proficiency in MS Office, especially MS Excel and MS Word
• Sound judgment, flexibility, adaptability and cultural sensitivity
• 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.
• Excellent English writing and presentation skills

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 resume for this position to careers@karandaaz.com.pk clearly mentioning the position title in the subject line. We will be accepting submissions till 29^th August, 2021.

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