Assistant Manager Audit & Monitoring

The Assistant Manager Audit & Monitoring will be responsible for ensuring compliance and effective monitoring of grant utilization at Akhuwat Institute Kasur (AIK). This role involves conducting thorough monthly reviews across various departments including finance, payroll, HR, procurement, administration, ERP, and IT. The incumbent will verify that grant funds are used in accordance with the Charter purposes and approved budgets, while safeguarding the Endowment Fund by ensuring investments are made only in Shariah-compliant instruments. Additionally, the role requires reviewing student fee claims, monitoring AIK’s financial and statutory reports, and testing key internal controls to mitigate risks. The Assistant Manager will also coordinate independent audits and work closely with AIK’s Treasurer/CFO to maintain transparency and accountability.

Key Responsibilities

- Conduct monthly compliance reviews of Akhuwat Institute Kasur under the Grant Agreement, covering finance, payroll, HR, procurement, administration, ERP, and IT functions.
- 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 exclusively in approved Shariah-compliant instruments.
- Review quarterly fee claims and verify student files for accuracy and compliance.
- Analyze AIK’s monthly and annual reports, including management accounts, fund utilization, and statutory compliance documentation.
- Test critical controls such as bank reconciliations, segregation of duties, withholding tax compliance, authorized signatories, and ERP user access rights.
- Prepare and issue risk-rated reports with actionable recommendations, following up until all issues are resolved.
- Coordinate independent audits of grant expenditures and liaise effectively with the Treasurer/CFO of AIK.
- Ensure adherence to compliance checklists and report any deficiencies promptly.
- Perform additional tasks as assigned by senior management to support organizational goals.

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 working with ERP systems, preferably Microsoft Dynamics 365, along with advanced proficiency in MS Excel.
- Strong communication skills with the ability to prepare clear, concise reports.

Preferred Qualifications and Benefits

- Candidates residing locally or willing to relocate to the area 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 ensure the position title “Assistant Manager Audit & Monitoring” is clearly mentioned in the application.