Organization Type:
International Textile limited is manufacturer and exporter of towels and garments
products having 03 manufacturing units in Korangi Karachi.
Current Job Responsibilities:
(*) Fully responsible for all Payable accounting and follow-ups for all 03 manufacturing units.
(*) Working as payment in Charge, supervising and verifying all GL entries of invoices.
(*) Ensure timely processing and payments to vendors/Contractors/Cash and petty cash.
(*) Dealing with vendors, Reconciliation of vendors ledgers, Raising Debit/Credit Notes with different department coordination. GRN/Invoices reconciliation-(For monthly input Sales Tax working etc).
(*) Working on Sales Tax and Withholding Tax.
(*) Accounting for B & C Grade sales and receivables.
(*) Assets accounting-Transfer of Assets after proper justification of CAPEX/OPEX. Assets tagging etc.
(*) Internal audit, verifying and managing cash/petty cash expenses of all 03 manufacturing units.
(*) Payroll preparation of contractors and employees of all 03 manufacturing units-Calculation and
deduction of advances, withholding tax, EOBI, leaves etc.
(*) Actively participated in preparation of annual Budgets. Analysis of actual and budgeted expenses.
(*) Developed and implemented various SOP’s/KPI’s.
(*) Customization of various reports on Dashboard, SAP/SAP FIORI. 

(*) Supervising and Verifying all GL entries which include daily recording of entries, monthly accruals/adjustments, Musharaka/Murabaha transitions, Sight/Usance Letter of Credit (LC) transactions, Export Transactions, Foreign Currency transactions and monthly period closing. (*) Preparation of Financial Statements (with good understanding of IAS/IFRS), Submission of monthly accounts for management review. (*) Managing, recording, payments and follow up of all import related functions and transactions with procurement department and bank. (*) Preparation of Daily Bank Position. Projected Cash Flow. Monitor cash inflows and outflows to meet current and future payments obligation. (*) Fully responsible for Receivable/Payables accounting and follow-ups. Working as payment in charge. Dealing with vendors/suppliers. Reconciliation of vendors/suppliers ledgers etc. (*) Payroll preparation-Calculation and deduction of withholding taxes, EOBI, leaves, advances etc). (*) Sales Tax (E-filing, Refund/Rebate), attend hearing at FBR. (*) Income tax- E-filing of monthly and Annual WHT return with the tax department. (*) Preparation of Budgets. Analysis of actual and budgeted expenses. (*) Dealing with Financial Institutions, Bank reconciliation etc. (*) Physical audit of inventories. (*) Raising Debit/Credit Notes to buyers and suppliers. (*) Submission (E-filing) of various forms to Securities & Exchange Commission of Pakistan (SECP). (*) Asset management. Maintaining Assets Register, Assets tagging. Also implementing in house software for Assets Management. (*) Liaison with external auditors for the statutory audit of the Company. (*) Liaison with Insurance companies for Assets/Staff Insurance and renewals. (*) Verification and disbursement of cash expenses to all field staff. (*) Internal audit and managing Petty Cash expenses of factory and Head Office (*) Managing Advance given against Purchase Order .

Look after all accounts and finance funcations.

(*) Supervising GL entries which include daily recording of entries, monthly accruals/adjustments, foreign currency transactions and monthly period closing. (*) Preparation and analysis of financial statements, submission of monthly accounts for management review. (*) Preparation of Budgets and Projected Cash Flow. Analysis of actual and budgeted expenses. (*) Monitor cash inflows and outflows to meet current and future payments obligation. (*) Supervise all Receivable/Payables accounting and follow-ups. (*) Dealing with Financial Institutions for loan (Term Finance Facility) and other banking tasks, Calculation of financial charges on loans, Bank reconciliation etc. (*) Payment/Payroll In charge. Calculation and Deduction of Withholding tax on payments made and on salaries. Transfer/Disbursement of salaries. (*) Sales Tax and Income tax. E-filing of monthly and Annual WHT return with the tax department. (*) Asset management. (*) Liaison with Insurance companies for Assets/Staff Insurance and renewals. (*) Liaison with external auditors for the statutory audit of the Company. (*) Internal audit of the expenses incurred (including petty cash expenses). (*) Submission of various reports/forms (Like Form-21, Form-29, FormA etc) to Securities & Exchange Commission of Pakistan (SECP). (*) Assist GM Finance in all Accounts/Finance related activities. (*) Also supervise various administrative functions.