Chief Financial Officer

Position Overview:
This incumbent in this position will set-up the financial management system for the NBFC. The incumbent will be expected to institute strong internal financial controls, policies, procedures, and SOPs for PFS in line with the company’s growth plans, while also coordinating closely with the parent entity.
Job Tasks:
Oversee the management and coordination of all fiscal reporting activities for the organization including organizational revenue expense and balance sheet reports, reports to funding agencies, development, and monitoring of organizational budgets.
Responsible for all types of financial reporting, budgetary management, and presentation to the Management, Shareholders Committees and to the Board of Directors
Formulate financial strategies at an organizational level in line with the overall growth strategy and direction given by the NBFC Board
Participate in the corporate decision-making process as a member of the Management Committee with joint responsibility for the development of long-term corporate strategies and company policies
Monitor and review finance and treasury policies, procedures, and practices in line with international accounting standards, legal requirements, and industry practice
Oversees and maintains the organization’s treasury and ensures organizational sustainability through effective treasury management
Identify and drive appropriate growth strategy, financial analysis, and due diligence to enable to reach its strategic goals
Ensure that resources, direction & internal controls, and financial processes exist to achieve timely and accurate reporting of all financial matters to internal/external parties.
Ensure internal audits are carried out in accordance with the annual audit plan duly approved by the Board Audit Committee
Ensures timely completion of external audit for further approval of financial statements from the Board Audit Committee and the Board and ensures timely filing of these statements with the SECP
Regular reporting to the Board and Shareholder regarding the financial health of the organization including reporting on budget vs actual analysis
Plan, direct, and coordinate the implementation of effective accounting and financial administration policies, procedures, and reports to ensure sound financial management and control.
Oversee forecasting, budgeting, margins, and variance management
Develop and prescribe adequate financial procedures to provide the basis for management decisions and control.
Liaise with regulators like SECP, FBR, SBP on a periodic basis and ensure all regulatory compliances
Building a team and support their development working environment/culture that is inclusive and reflective of Pakistan’s diversity including gender equality whilst working closely with the board to ensure appropriate staffing levels are in place to deliver the business plan.
Functional Skills / Knowledge Areas:
Clear understanding of NBFC’s business and competitive brands.
Strong stakeholder management.
Prior experience of managing regulatory compliances including SECP, SBP, FBR etc
Proficiency in MS Office and working knowledge of financial and cost accounting softwares
Decision-making and problem-solving skills
Leadership skills with the ability to delegate, motivate and inspire team members
Strong sense of accountability and Integrity
Strong written and verbal communication skills
Eligibility Criteria:
Education:
The candidate must be a Member of the Institute of Chartered Accountants of Pakistan with experience of one of the Big Four Audit Firms or Institute of Cost and Management Accountants of Pakistan
Work experience:
Minimum 12 years of relevant experience with at least 8 years in heading a finance department of a financial institution.