GENERAL DEFINITION The Chief Financial Officer (CFO) provides both operational and project support to the organization. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO reports directly to the Chief Executive Officer (CEO) and directly assists the Chief Operating Officer (COO) on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding. 

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
  • Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.
  • Work with the CEO on the strategic vision including fostering and cultivating stakeholder relationships on city, province, and national levels, as well as assisting in the development and negotiation of contracts.
  • Participate in developing new business, specifically: assist the CEO and COO in identifying new funding opportunities, the drafting of prospective project budgets, and determining cost effectiveness of prospective service delivery.
  • Take the lead in managing Investor relations for the Company, including responsibility of passing the Investor Appraisal process, Investor Due Diligence process and any Ad Hoc information required by current & prospective investors
  • Own the process of the production, presentation and delivery of the Holding company and Consolidated forecasts (typically five years) and Company Strategic plan
  • Assess the benefits of all prospective contracts and advise the Senior Management Team on project design and implementation matters.
  • Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and statutory audits.
  • Manage the preparation of statutory accounts in line with internationally (and local) accepted accounting standards
  • Provide the COO and other department heads with an operating budget. Work with the COO to ensure project success through cost analysis support, and compliance with all contractual and project requirements as prescribed by the Investors.
  • Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational and contract/grant budgets.
  • Oversee all purchasing and payroll activity for staff and participants.
  • Develop and maintain systems of internal controls to safeguard financial assets of the organization and oversee federal awards and programs. Oversee the coordination and activities of independent auditors ensuring all audit issues are resolved, and all compliance issues are met, and the preparation of the annual financial statements is in accordance with IFRS and local regulatory standards.
  • Organize and Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee.
  • Monitor banking activities of the organization.
  • Ensure adequate cash flow to meet the organization's needs.
  • Investigate cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals.
  • Oversee the production of monthly reports including reconciliations with funders requirements, as well as financial statements and cash flow projections for use by the Senior Management Team, as well as the Audit/Finance Committee and Board of Directors.
  • Assist in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff.
  • Oversee the maintenance of the inventory of all fixed assets, including assets purchased with investor funds (computers, etc.).
  • Build up and manage the treasury function of the organisation

REQUIRED KNOWLEDGE, SKILLS, AND ABILITIES

Knowledge of:

  • IFRS and Locally Accepted Accounting Rules
  • Current trends, developments, and theories in Real Estate and Mortgage Market in Pakistan
  • FBR and local Provincial Tax rules relating to the provision of Sales Tax and With-holding Tax.
  • SECP prescribed corporate governance requirements and related regulatory filings (Form A, Form 20 etc.)
  • General office software, particularly the Microsoft Office Suite and ERP software systems and use of databases.
  • Advanced Financial Modelling using Excel to support Forecasting and Investor Fund Applications.
  • Organizational development, human resources, and program operations.

Ability to:

  • Foster and cultivate business opportunities and partnerships.
  • Create and assess financial statements and budget documents.
  • Recognize and be responsive to the needs of all clients of the organization, including funding organizations, the Board of Directors, participants, and employees.
  • Supervise staff, including regular progress reviews and plans for improvement.
  • Communicate effectively in both written and verbal form.
  • Assist in the development of the HR function of the Company, including the temporary supervision of HR junior staff

EDUCATION AND EXPERIENCE

Education:

  • Completion of a bachelor's degree at an accredited college or university or equivalent work experience
  • ACA (ICAEW or ICAP) or CPA preferred.
  • CFA Level 1 (or higher) desirable

Experience:

  • The Controller or Chief Financial Officer level.
  • Seven to ten years of financial experience and management experience with the day-to-day financial operations of an organization of at least 25 staff persons.
  • Real Estate experience is desirable
  • Any equivalent combination of education and experience determined to be acceptable.

Job Details

Industry:
Total Positions:
1 Post
Job Shift:
First Shift (Day)
Job Type:
Job Location:
New Garden Town, Lahore, Pakistan
Gender:
No Preference
Minimum Education:
Bachelors
Degree Title:
ACA (ICAP or ICAEW)or CFA or CPA
Career Level:
Department Head
Minimum Experience:
8 Years
Apply Before:
May 05, 2018
Posting Date:
Apr 25, 2018

Ansaar Management Company (Pvt) Limited

Project Management · 101-200 employees - Lahore

Ansaar Management Company (AMC) is a private developer & project management company committed to providing affordable, quality housing to the lower-income segments of the Pakistani population. AMC aims to provide housing solutions by building sustainable communities. AMCs business approach & emphasis on comprehensive community development plans work to increase access to formal credit and create a self-sustaining, empowered community.

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