Posted Aug 10, 2022 876 views
The primary responsibility of the CFO is to prepare and implement financial strategy, policies and procedures and financial controls framework in order to ensure the achievement of institution wise financial objectives, controls and financial stability. The person will ensure internal controls are effectively in place and functional. He/she will also ensure compliance with applicable rules and regulation. The incumbent will be leading Finance functions including Accounting and General Ledger, Financial/Management/Regulatory reporting, Forecast and Budgeting, Accounts Payable and Receivable, Annual/periodic audits facilitations, Taxation, Finance systems, Grants/Funds management and Treasury. This job reports to the CEO and the incumbent shall function in accordance with the applicable policies and regulations.
Job Description:
1. As member of senior management, CFO shall assist the CEO and the Board of Governors(BoG) in:
- providing strategic direction to the institution through strategy formulation, decision making, forecast/budgeting and its implementation/monitoring
- establishing and implementing internal controls and ensuring efficient and effective financial operations as per industry benchmarks.
2. Ensure that Financial and Accounting policies & procedures are in accordance with statutory regulations and global standards and complying with risk management and internal controls.
3. Take charge of Finance, Accounts and Taxation matters. Ensure that all accounting records are properly and timely maintained, reporting cycles and other associated engagements are successfully performed in an effective and timely manner in accordance with the regulatory and organizational requirements.
4. Approve:
- Periodic Financial Statements and monthly internal reports.
- Financial Accounting System including Chart of Accounts and Account Codes.
- All payments exceeding set materiality.
- Payroll summary.
- Finalize annual financial statements/ periodic financial statements (where required), get them audited from External Auditors and place them before Board of Governors for consideration and approval.
- Prepare financial projections and budgets in line with business plan and get these approved from senior management and the Board of Governors.
- Ensure implementation of proper accounting system for bookkeeping, operational support/MIS as per best industry practices.
- Ensuring maintaining effective relationship and co-ordination with key stakeholders including related entities, government bodies, etc. .
- Ensure independence of Board from the financial operating matters.
- Monitor the overall funding status, disbursements, repayment and related reportings.
- Co-ordinate with stakeholders for arrangement and management of funds (including Grants).
- Assist in training & resource development initiatives focusing on knowledge, skills and attitudes for building capacities to deliver on present positions and build long term capability to shoulder additional responsibilities.
- Assist in implementing performance Management system to recognize and reward good performance and promote a culture of accountability and merit.
- Creating business value through technology, ensuring the tech systems and procedures lead to outcomes in line with institution goals.
- Ensuring availability of timely and reliable information in the organization through technology/digital platforms.
Skills
Job Details
Omega Group
Omega Villas (Pvt) Ltd. is a lush green pollution free housing society. Its located Near Faizpur Interchange Main Sharaqpur Road Lahore. Omega Villas Lahore, planned an area of 1600 Kanal, a self-contained, gated community equipped with all amenities of life. Omega Villas consists of mainly two projects i-e Omega Residencia & Omega Homes. We have developed Omega Residencia Sector "A" and Sector "B" respectively./p
What is your Competitive Advantage?
Similar Job Titles
Mona Sharif
Senior Team Lead
Konext PVT. LTD
Sehrish Azhar
Motivational Speaker & Blogger
Living Upbeat
Usman Habib
Recruitment & Training Executive
ACS Synergy (Pvt) Ltd.
Zubair Anjum
Business Excellence Specialist
Nestle Pakistan
Aqib Irshad
Head of HR, Training & OD
FINCA
Ali Aziz
CEO
Shopistan
Muzammil Baig
Digital Marketing Manager
IT Services Group
Ayesha Shaukat
Social Media Marketing Manager
Ivoke
Zohaib Ali
Marketing Manager
Digital Online Devices
Babar Ahmed Khan
Territory Sales Manager
Engro Foods
