Assistant Manager Accounts

The Assistant Manager Accounts will be a vital contributor to the organization’s financial operations, ensuring precise record-keeping, timely financial reporting, and effective cash flow management. This role demands expertise in construction and real estate accounting, project cost control, vendor and contractor payments, and financial reconciliations. The successful candidate will work closely with site-level accounts teams to maintain compliance with accounting standards and tax regulations, supporting overall financial health and operational efficiency.

Key Responsibilities

Accounting & Financial Operations:
Manage daily accounting activities including journal entries, general ledger maintenance, accounts payable and receivable, and bank transactions. Ensure all financial data is accurately recorded and classified per accounting standards. Review and verify payment vouchers, receipts, invoices, and expense claims with appropriate documentation. Monitor vendor payments, contractor bills, employee advances, and outstanding balances while maintaining comprehensive financial records. Ensure timely monthly account closures.

Construction Project Accounting & Cost Control:
Monitor project-specific expenses, budgets, cash flows, and cost allocations for construction and real estate projects. Review contractor bills, Interim Payment Certificates (IPCs), Running Account (RA) bills, and work completion certifications in coordination with project teams. Reconcile expenditures against approved budgets, Bills of Quantities (BOQs), and cost estimates. Oversee site expenses, petty cash, procurement transactions, material purchases, and inventory-related financial records. Identify cost variances and report discrepancies to senior management.

Financial Reporting & Reconciliation:
Prepare monthly management accounts, financial statements, expense reports, and budget-versus-actual analyses. Conduct bank reconciliations and reconcile vendor, customer, contractor, and intercompany accounts. Assist with cash flow forecasting, working capital monitoring, and fund utilization reporting. Provide accurate financial data and analytical reports to senior leadership. Support annual budget preparation and financial projections.

Taxation & Regulatory Compliance:
Assist in preparing and filing income tax, sales tax, and withholding tax returns in collaboration with tax consultants or senior finance management. Ensure proper calculation, deduction, documentation, and deposit of withholding taxes on applicable transactions. Maintain tax records, invoices, and supporting documents for audits and compliance. Keep updated records of tax deductions, challans, and statutory documentation. Support compliance with Federal Board of Revenue (FBR), Provincial Revenue Authorities (PRA), and other regulatory bodies.

Audit & Internal Financial Controls:
Coordinate with internal and external auditors by providing required financial records and documentation. Ensure adherence to company accounting policies, financial procedures, and approval hierarchies. Review payment documentation, expense claims, advances, and reconciliations to detect errors or irregularities. Assist in developing and implementing accounting Standard Operating Procedures (SOPs) and internal controls. Maintain confidentiality and integrity of all financial information.

Team Coordination & ERP Management:
Collaborate with site accountants, procurement, administration, project management, and other departments on financial matters. Guide junior accounts staff to maintain accurate records and follow procedures. Ensure timely and accurate posting of transactions in the company’s accounting software or ERP system. Recommend improvements to accounting processes, reporting efficiency, and financial controls.

Required Qualifications
Bachelor’s or Master’s degree in Accounting, Finance, Commerce, or related field.
5 to 8 years of relevant experience in accounts and finance, preferably within construction, real estate development, or infrastructure projects.
Strong knowledge of accounting principles and financial reporting.
Hands-on experience in project accounting, contractor billing, cost control, bank reconciliations, and financial reporting.
Understanding of Pakistan’s taxation framework, including FBR and provincial sales tax regulations.
Proficiency in Microsoft Excel and accounting software/ERP systems.
Experience in budgeting, cash flow monitoring, and financial reconciliation.

Preferred Qualifications and Benefits
Professional certifications such as ACCA, CA, CMA, or equivalent are advantageous.
Competitive monthly salary ranging from Rs80,000 to Rs100,000.
Work location requires in-person attendance.

Candidates should demonstrate strong analytical and problem-solving skills, accuracy, effective communication, team supervision abilities, deadline orientation, and uphold high standards of integrity and confidentiality. Key performance indicators include accuracy and timeliness of financial reporting, completion of reconciliations, project cost tracking, vendor payment processing, tax compliance, reduction of accounting errors, and adherence to internal controls and audit requirements.