Finance Head

We are looking for a seasoned Head of Finance to lead the finance and accounting operations at BAG X, based in Lahore. This full-time, on-site position reports directly to the CEO/Managing Director and plays a vital role in maintaining strong financial controls, ensuring accurate reporting, managing cash flow, and supporting profitable growth. The successful candidate will provide insightful financial analysis beyond routine bookkeeping, enabling strategic decision-making across multiple retail outlets and business units.

Key Responsibilities

Financial Management & Reporting: Manage the entire finance and accounting function, ensuring timely and accurate monthly, quarterly, and annual financial closings. Prepare detailed Profit & Loss statements, Balance Sheets, Cash Flow Statements, and management accounts. Maintain comprehensive accounting records and implement robust financial reporting systems.

Cash Flow & Working Capital: Develop rolling cash flow forecasts, monitor daily and weekly cash positions, and oversee working capital and liquidity. Manage receivables, payables, and outstanding obligations to ensure operational funding while minimizing unnecessary cash outflows.

Retail Outlet Financial Management: Maintain financial transparency at the outlet level by preparing individual outlet P&Ls and tracking sales, expenses, and profitability metrics such as sales per square foot and rent-to-sales ratio. Identify underperforming outlets and assist management in decisions related to openings, relocations, or closures.

Budgeting & Forecasting: Prepare annual operating budgets and monthly sales and expense forecasts for retail outlets, e-commerce, marketing, manufacturing, head office, and new outlet expansions. Conduct variance analysis and recommend corrective measures.

Inventory & Stock Control: Enforce strong financial controls over inventory, coordinate stock reconciliations with operations and retail teams, monitor inventory valuation and movements, and ensure regular physical stock audits.

Accounts Payable & Expense Control: Establish approval protocols, review supplier invoices, maintain vendor ledgers, and ensure timely payment of recurring expenses while preventing unauthorized or duplicate payments.

Accounts Receivable & E-Commerce Reconciliation: Monitor receivables, reconcile online sales with payment gateways and courier partners, and ensure accurate recording of e-commerce transactions.

Taxation & Statutory Compliance: Ensure timely compliance with sales tax, income tax, and withholding tax regulations. Liaise with external tax consultants and auditors as required.

Internal Controls & Audit: Develop and maintain financial controls, review approval authorities, conduct internal audits, investigate discrepancies, and coordinate external audits to resolve observations promptly.

New Outlet & Expansion Financial Analysis: Prepare detailed financial feasibility studies for new outlets, including investment needs, operating expenses, sales projections, break-even analysis, and ROI estimates to support management decisions.

Commercial Finance / Business Partnering: Work closely with CEO and cross-functional teams in retail operations, e-commerce, marketing, supply chain, manufacturing, HR, and procurement to provide actionable financial insights that enhance profitability and efficiency.

Team Management: Lead and develop the finance team by defining roles, setting KPIs, reviewing performance, streamlining processes, and ensuring compliance with financial controls and company policies.

Required Qualifications

- Bachelor’s or Master’s degree in Finance, Accounting, Commerce, or a related field
- Professional qualifications such as CA, ACCA, ACMA, or CMA preferred
- 7 to 10+ years of relevant finance and accounting experience, including at least 3 years in a managerial or leadership role
- Experience managing finance in retail, FMCG, fashion, manufacturing, or multi-outlet businesses highly desirable
- Strong understanding of Pakistani taxation and financial regulations
- Proficiency in Excel/Google Sheets and ERP/accounting software

Key Skills

Expertise in financial planning and analysis, budgeting and forecasting, cash flow management, retail P&L analysis, inventory accounting, cost control, taxation, internal controls, audit management, financial modeling, business analysis, team leadership, and advanced use of Excel and ERP systems.

The ideal candidate will serve as both a financial controller and a strategic business partner, with a deep understanding of retail operations. They will challenge unnecessary expenditures, safeguard company cash, identify financial risks, and deliver clear, actionable financial information to management. Maintaining accurate accounts, enforcing strong controls, ensuring healthy cash flow, and driving profitable growth are core expectations.

Compensation

The monthly salary range for this position is PKR 150,000 to PKR 300,000.

Work Location

This role is based on-site in Lahore, Pakistan.