Manage generation of financial statements according to local accounting standards.
Manage timely reporting to relevant local authorities (central bank, tax office, etc.)
Manage timely reporting to F/I and hub.
Analyze financial data and develop financial analysis as a key management tool with the aim of optimizing FINCA Pakistan’s activities: identify risks, inefficiencies, negative tendencies and propose measures that reduce risks, improving efficiency and reverse negative tendencies.
Create/modify procedures such that they are low-risk and efficient.
Ensure compliance of FINCA Pakistan with financial covenants in agreements with creditors and donors.
Create cash flow forecasts.
Ensure availability of sufficient resources for lending in the required currency.
Manage all financial transactions with creditors, banks, donors.
Manage the planning and budgeting process of FINCA Pakistan.
Act as the coordinator and main contact person with external auditors.
Keep all Management Team/ Board members informed about relevant issues/developments in FINCA Pakistan’s finance activities and department.
Participate/vote in decision-making (with Management Team/Board Members) on relevant & Idquo; Finance” and &Idquo; Non finance” issues.
Manage relationships with all lenders, both local and external, in concert with the CMG Team in HQ.
Manage the ALCO Process as the principal representative of the local subsidiary.
Work with senior leaders on the strategic vision of the organization including cultivating and fostering strategic relationships and potential alliances; engage in the growth agenda including organic and acquisition strategies.
Partner with the CEO and other senior leaders on operational and strategic issues as they arise; provide strategic recommendations based on financial analysis and projections, and revenue/expense analysis.
Develop and promote a framework to drive financial acumen and accountability across the organization; provide timely and meaningful analyses and reporting to operational leaders.
Oversee all financial transactions, including billing, finance, accounting and reporting.
Prepare materials and present, as necessary, financial information to Board of Directors or other committees. Prepare and communicate monthly and financial statements.
Collaborate with CEO and COO on developing the operating budget. Oversee long-term budgetary planning and cost management in alignment with the strategic plan.
Provide timely and accurate analysis of budgets, financial reports, and financial forecasting.
Lead and coordinate an integrated financial planning process which includes inputs from sales, product, clinical, actuarial and operational expense units.
Develop and maintain appropriate product level models to ensure adequate pricing coverage and enhance decision making.
Provide financial discipline and business decision support to evaluate long term and short term strategic business opportunities.
Responsible for oversight of financial internal controls and coordination of all financial audits
Develop and monitor policies and procedures within general accepted accounting principles (GAAP) and corporate guidelines to ensure sufficient cash flow, reduce operating costs, and increase revenues. Maintain general ledger structure, chart of accounts, policies and procedures to enable financial statement preparation and compliance with all required financial audits.
Collaborate with Human Resources on benefit strategies providing the most competitive packages for the organization’s employees.
Responsible for facilities and asset management of the organization.
Review all formal finance and IT related procedures, processes, and administration, recommending improvements to the systems in place and managing the systems going forward.
Conduct due diligence and recommendation on the timing and implementation and of significant development or technology investments.
Advise on contract negotiations from a financial impact perspective.
Maintain external relationships with competitors.
Establish efficient workflows and business processes to meet the need of financial information of multiple internal and external stakeholders
Develop and manage direct staff, to include finance and IT managers; guide larger multi-disciplinary teams outside of direct span of control to include risk management and security controls.
Provide guidance on attracting and developing key team members.
Design and maintain a robust claims reserving process that is in compliance with actuarial standards (applicable to potential new lines of business).
Other responsibilities and projects as assigned.
Analytical: Synthesizes complex or diverse information; collects and researches data; uses intuition and experience to complement data; designs work flows and procedures.
Managing People: Includes staff in planning, decision making, facilitating and process improvement; takes responsibility for subordinates’ activities; makes self-available to staff; provides regular performance feedback; develops subordinates’ skills and encourages growth; solicits and applies customer feedback (internal and external); fosters quality focus in others; improves processes, products and services; continually works to improve supervisory skills.
Cost Consciousness: Works within approved budget; develops and implements cost saving measures; contributes to profits and revenue; conserves organizational resources.
Quality: Demonstrates accuracy and thoroughness; looks for ways to improve and promote quality; applies feedback to improve performance; monitors own work to ensure quality.
Written Communication: Writes clearly and informatively; edits work for spelling and grammar; varies writing style to meet needs; presents numerical data effectively; able to read and interpret written information.
Ethics: Treats people with respect; keeps commitments; inspires the trust of others; works with integrity and ethically; upholds organizational values.
Professional Training & Courses:
Proven technical experience in finance, accounting, contracts, budgeting and cost control principles including Generally Accepted Accounting Principles and automated financial reporting systems.
Knowledge of federal and state financial regulations.
Ability to analyze financial data and prepare financial reports, statements and projections.
FINCA is a globally recognized microfinance organization working in 5 continents and in 23 countries. FINCA provides financial services to the world's lowest-income entrepreneurs so they can create jobs; build assets and improve their standard of living. In 2013, FINCA acquired a majority share of ...Read More