Finance Executive

We are seeking a Finance Executive to support the Planning and Treasury Manager in managing cash flow planning, ensuring adequate liquidity, and maintaining strong relationships with banking and financial institution partners. This role involves collaborating with cross-functional teams to execute both conventional and non-conventional financing transactions that align with the company’s strategic business objectives.

Key Responsibilities

- Assist in the Annual Business Plan and Rolling Estimate processes by supporting funding strategies across short, medium, and long-term horizons, ensuring alignment with Group Treasury objectives.
- Manage operational and strategic funding requirements, proactively forecasting cash flow to identify potential shortfalls and developing mitigation strategies.
- Identify and evaluate funding sources based on risk, cost, legal structure, accounting impact, and regulatory constraints, ranking them accordingly.
- Ensure compliance with group debt covenants by reviewing financing agreements in coordination with the legal department, managing financial risks, and monitoring consolidated credit and counterparty risks.
- Implement best financial practices in agreements and business processes, reviewing daily treasury transactions and resolving operational bottlenecks.
- Negotiate financing costs and bank charges to ensure value for money, identify cost-effective financing and profitable investment opportunities, obtain necessary approvals, and execute transactions.
- Lead negotiations with banks regarding cash deposits received from distributors, including interest allocation at month-end.
- Develop customized structured financial products in partnership with banks to improve key performance indicators and payment modules, facilitating vendor payments and enhancing cash collection from distributors, key accounts, and retail clients.
- Verify bank guarantees received from distributors in accordance with updated company policies.
- Manage import-related financial requirements, including letters of credit, banking contracts, and foreign currency transactions.
- Liaise with the State Bank of Pakistan to obtain exception approvals and oversee international and domestic banking transactions.
- Provide insights on macroeconomic variables such as growth trends, inflation, monetary and fiscal policies, and foreign currency pricing, assessing their impact on the business and devising appropriate mitigation strategies.
- Support financial processes related to FX-denominated equity or loans, including capital increases, equity injections, foreign currency conversions, dividend distribution analysis, and documentation.
- Review and submit daily, weekly, and monthly group reporting requirements, validate interest accruals prepared by finance analysts, and ensure bank charges comply with agreements.
- Coordinate with internal and external auditors to facilitate smooth treasury audits.
- Oversee and mentor Finance Analysts, supporting their development plans, tracking performance, and preparing successors for key roles.

Required Qualifications

- Bachelor’s degree or professional qualification such as CA or ACCA.
- 4 to 6 years of total work experience, with 2 to 4 years specifically in treasury functions.
- Treasury experience preferably within a manufacturing company.

This role offers the opportunity to work closely with senior management and cross-functional teams, contributing to the financial stability and growth of the organization through effective treasury management and strategic financial planning.