Financial Controller

ASA Microfinance Bank (Pakistan) Limited

Karachi , Pakistan

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Technical Competencies:

1. Financial Reporting & Compliance

Strong knowledge of International Financial Reporting Standards (IFRS).
Expertise in SBP Prudential Regulations for microfinance banks.
Experience in preparing and reviewing financial statements in line with Companies Act 2017 and Microfinance Prudential Regulations.
Understanding of taxation laws applicable to microfinance institutions (Income Tax Ordinance 2001, Sales Tax Act, and withholding tax regulations).

2. Budgeting, Forecasting & Financial Planning

Developing annual budgets, forecasts, and financial models.
Conducting variance analysis and tracking financial performance against KPIs.
Implementing cost control measures and optimizing operational efficiency.

3. Microfinance & Banking Operations Knowledge

Understanding loan portfolio management, provisioning, and write-off policies.
Knowledge of deposit mobilization strategies and regulatory requirements for deposit-taking MFBs.
Familiarity with interest rate risk management and loan pricing strategies.

4. Technology & Systems Proficiency

Experience in Core Banking Systems like Temenos T24.
Strong command of Microsoft Excel, including financial modeling, pivot tables, and Power BI for reporting.
Understanding of SSRS reports for MIS development and financial insights.

5. Audit & Regulatory Liaison

Coordinating with external auditors (Big Four preferred) for annual audits.
Ensuring regulatory reporting to State Bank of Pakistan (SBP), SECP, and FBR.

General Skills Match:

1. Leadership & Team Management

Ability to lead and develop the finance team.
Providing guidance on financial best practices and compliance matters.

2. Strategic Thinking & Decision-Making

Aligning financial strategies with business objectives for sustainable growth.
Analyzing market trends and financial risks to support executive decisions.

3. Communication & Stakeholder Management

Engaging with Board of Directors, senior management, investors, and regulatory bodies.
Presenting complex financial data in a clear and concise manner.

4. Problem-Solving & Analytical Skills

Ability to diagnose financial issues, such as reconciliation errors, system mismatches, and regulatory non-compliance.
Strong analytical mindset to assess financial trends and operational efficiency.

5. Adaptability & Change Management

Navigating financial challenges, such as migration issues in Core Banking Software.
Adapting to regulatory changes and evolving financial frameworks.

6. Ethics & Integrity

Upholding transparency, accountability, and ethical financial practices.
Ensuring compliance with corporate governance principles.

Skills

International Financial Reporting Standards Forecasting and Financial Planning Budgeting Strategic Thinking and Decision Making

Job Details

Industry:

Banking/Financial Services

Functional Area:

Accounts, Finance & Financial Services

Total Positions:

1 Post

Job Shift:

First Shift (Day)

Job Type:

Full Time/Permanent

Job Location:

P.E.C.H.S, Karachi, Pakistan

Gender:

No Preference

Minimum Education:

Masters

Degree Title:

ACA, ACCA qualified

Career Level:

Experienced Professional

Minimum Experience:

8 Years (8-10 years relevant experience, including 2 Years’ experience as Financial Controller/Assistant Financial Controller (Preferably Banking Sector).)

Apply Before:

May 10, 2025

Posting Date:

Apr 29, 2025

ASA Microfinance Bank (Pakistan) Limited

Banking/Financial Services · 2501-3000 employees - Karachi

ASA Microfinance Bank (Pakistan) Limited (formerly ASA Pakistan Ltd) is wholly owned subsidiary of ASA International, incorporated under the Microfinance Institution Ordinance 2001. Commenced its operations in September, 2008. Microfinance sector in Pakistan has demonstrated a robust growth over the last decade; however, it has still a long way to lead. The sector was initially dominated by the government sponsored rural support programs and NGOs who were working for social development and providing microcredit services. The scenario has been changed significantly over the past many years with the inclusion of some specialized microfinance institutions. Despite growing interest (both state and commercial) in the MF sector, there is still a huge gap in demand and supply in the Pakistani MF Market. This large gap encouraged ASA International to achieve it mission to financially empowering the poorest of Pakistan.