Assistant Manager Audit & Monitoring

This role involves overseeing the compliance and monitoring activities related to the Akhuwat Institute Kasur (AIK) under the Grant Agreement. The position requires conducting thorough reviews across multiple functions including finance, payroll, human resources, procurement, administration, ERP, and IT. The incumbent will ensure that grant funds are utilized according to the approved budget and Charter purposes, while safeguarding the Endowment Fund principal by confirming investments adhere strictly to Shariah-compliant instruments. Regular examination of student fee claims and files, as well as detailed analysis of AIK’s monthly and annual reports, will be key to maintaining transparency and accountability. The role also includes testing critical internal controls, issuing risk-rated reports with actionable recommendations, and coordinating independent audits in collaboration with AIK’s Treasurer or CFO. Reporting deficiencies and following up on corrective actions are essential to this position, along with performing any additional tasks assigned by senior management.

Key Responsibilities

- Conduct monthly compliance reviews of AIK covering finance, payroll, HR, procurement, administration, ERP, and IT functions in line with the Grant Agreement.
- Verify grant utilization against the Charter purposes and approved budget, including detailed budget versus actual expense analysis.
- Ensure the preservation of the Endowment Fund principal and confirm investments are made only in approved Shariah-compliant instruments.
- Review quarterly fee claims and student files to ensure accuracy and compliance.
- Analyze AIK’s monthly and annual reports, including management accounts, fund utilization, and statutory compliance.
- Test key internal controls such as bank reconciliations, segregation of duties, withholding tax, authorized signatories, and ERP user access rights.
- Prepare and issue risk-rated reports with recommendations and monitor the implementation of corrective actions until closure.
- Coordinate independent audits of grant expenditure and liaise effectively with AIK’s Treasurer/CFO.
- Ensure compliance with established checklists and report any deficiencies promptly.
- Perform any other duties as assigned by senior management.

Required Qualifications

- CA Inter qualification with completed articles from a QCR-rated firm.
- Minimum of 2 years’ experience in internal or external audit, compliance, or grant monitoring, preferably with exposure to the education sector.
- Practical experience with ERP systems, ideally Microsoft Dynamics 365, along with strong proficiency in MS Excel.
- Excellent communication skills and the ability to produce clear, concise reports.

Preferred Qualifications and Benefits

- Candidates residing near the location or willing to relocate will be given preference.
- The position offers a market-competitive salary along with benefits in accordance with company policy.

Interested candidates are encouraged to apply by submitting their resumes before the closing date. Please note that the position title should be clearly mentioned in the application.