84 Cfo jobs in Pakistan

The chief financial officer position is accountable for the Costing, Audit, and Taxation management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

Principal accountability:

1. Assist in formulating the company's future direction and supporting tactical initiatives
2. Monitor and direct the implementation of strategic business plans
3. Develop financial and tax strategies
4. Manage the capital request and budgeting processes
5. Develop performance measures that support the company's strategic direction

Desired Qualifications:
The candidate for the chief financial officer should have a CA or CFA accounting or business administration, or equivalent business experience and 7+ years of progressively responsible experience for a major company or division of a large corporation.
Should have experience in partnering with an executive team, and have a high level of written and oral communication skills.
Preference will be given to candidates with a CA in Finance and the Certified Public Accountant or Certified Management Accountant designations with working experience in an FMCG company.

At least MBA Finance or member of professional accounting bodies.

1 Job

Posted on: Jul 1, 2024

Last Date: Aug 30, 2024

Company: Muslim Youth University (MY University), Pakistan

The Chief Financial Officer/Treasurer shall manage the assets, liabilities, receipts, expenditures, funds, and investments of the University.

Prepare annual and revised budget estimates of the University and present them to the Executive Committee or a committee thereof for approval and incorporation in the budget to be presented to the Board.

Ensure that funds of the University are expended on the purposes for which they are provided.

Have accounts of the University audited annually.

Perform such other duties as may be prescribed.

• Accounting and Financial Reporting : Knowledge of Generally Accepted Accounting Principles (GAAP) and financial reporting standards specific to higher education.
• Budgeting and Forecasting : Ability to develop, manage, and analyze budgets and financial forecasts.
• Financial Analysis : Skills in interpreting financial data to inform decision-making and strategy.
• Strategic Financial Planning : Experience in long-term financial planning and aligning financial resources with the university's strategic goals.
• Compliance : Understanding of federal and local regulations affecting higher education finance.
• Audit Management : Experience with internal and external audits, including ensuring compliance with financial regulations and standards.
• Financial Software : Proficiency with financial management software and enterprise resource planning (ERP) systems.
• Data Analytics : Ability to leverage data analytics tools to enhance financial decision-making and reporting.

To provide strategic financial leadership and ensure robust financial planning, management, reporting, and control to support business growth and operational excellence. The CFO will lead all functions related to financial management, banking, costing, and forecasting, while enabling data-driven decision-making and regulatory compliance across the manufacturing and distribution operations.

Key Responsibilities:

• Lead preparation and finalization of accurate and timely financial statements as per IFRS and local regulations
• Supervise budgeting, forecasting, and annual operating plan development in collaboration with all business functions
• Ensure timely completion of annual audited accounts by coordinating with external auditors
• Maintain strong relationships with banks and financial institutions for LCs, working capital financing, and treasury operations
• Ensure 100% compliance with all taxation matters including sales tax, income tax, and regulatory filings
• Monitor cash flow, working capital requirements, and optimize financial resources to meet operational needs
• Design and implement robust costing models to accurately capture standard and actual product costs
• Analyze cost variances and recommend efficiency improvements to enhance profitability
• Oversee centralization of the accounts department to streamline reporting and standardize financial controls
• Ensure timely and systematic financial reporting, including salaries, wages, and utilities analysis
• Provide timely, relevant, and accurate financial insights to management across COS, selling, and distribution functions
• Support development of business models and tools for improved decision-making and strategic planning
• Act as a strategic financial advisor to the CEO, providing input on business planning, risk management, and investment decisions
• Build and lead a high-performing finance team; ensure continuous learning, role clarity, and succession planning
  
  

• Qualified CA from a recognized body.
• 15-20 years of progressive experience in finance, with 8+ years in a leadership role in a manufacturing environment.
• Strong expertise in banking, treasury, costing, taxation, and financial reporting.
• Proven experience in budgeting, forecasting, and working with external auditors.
• Solid track record as a financial advisor to CEO/Board, with strong business acumen and decision-support capabilities.
• Excellent leadership and stakeholder management skills
  
  

• Medical Insurance
• Provident Fund
• EOBI
• Paid Leaves
• Easy loan & advance facility
• Incentive Scheme as per organizational policy

Responsibilities:

• Manage finance team by assigning tasks as per current requirement.
• Oversee & evaluate financial plans, risk management plan, and their validity based on allocated budget.
• Direct the preparation of financial statements, income statement, balance sheets, tax returns, government agency reports, risk analysis reports etc.
• Administer projection of sales & profit to actual figures.
• Compare budgeted expenses to actual expenses.
• Oversee necessary adjustments related to future projections & budgets.
• Oversee budget and constrain it to maximize profit.
• Identify opportunities for the expansion of business through new product areas.
• Expand business investment opportunities of funds through banks to raise additional capital required for expansion.

Minimum Requirements:

• Certifications in Finance & Business.
• 3-5 years previous experience as a CFO in the Retail industry.
• 8-10 years total accounting or financial management experience.
• Demonstrated leadership ability, confidence, and executive presence – ability to motivate staff.
• Excellent knowledge of corporate financial law.
• Hands-on experience in ERP, Risk Management, and budgeting.
• Problem solver & critical theorist mindset.
• Must be a resident of Karachi.

Skills:

• Strong analytical, organizational, and critical thinking skills.
• Excellent communication, management, and supervisory skills.
• Ability to work under pressure to achieve deadlines.
• Proficient in Financial & accounting database systems.

The role of Chief Financial Officer is to ensure that the company's financial operations are sound and aligned with the company's overall strategy and goals.

Key Responsibilities:

The main responsibilities of the CFO include:

• Developing and implementing the company's financial strategy, including managing financial risks, identifying growth opportunities, and ensuring the company is financially sound.
• Overseeing the preparation of the company's financial reports, including balance sheets, income statements, and cash flow statements, and ensuring that they are accurate, timely, and compliant with relevant regulations.
• Overseeing the Joint Venture Operations to ensure compliance with PCAs and relevant rules, AFEs and the JV budgets approved in the operating committee meetings.
• Developing the company's annual budget and long-term financial forecasts, and ensuring that the company operates within budgetary constraints.
• Managing the company's capital structure, including raising capital, managing debt, and making investment decisions that maximize shareholder value.
• Identifying and managing financial risks, including market risk, credit risk, and operational risk, and developing risk mitigation strategies.
• Ensuring that the company's accounting practices and financial controls are robust and compliant with relevant regulations and standards.
• Managing the company's tax strategy, including identifying tax planning opportunities and ensuring compliance with relevant tax laws and regulations.
• Managing the company's cash flow and liquidity, including overseeing the management of the company's cash reserves and short-term investments.
• Leading the finance team and ensuring that they operate effectively and deliver high-quality financial services to the company.
• Ensure confidentiality of the official data/information and ensure this down the line.

COMPETENCIES:

Financial acumen: Strong knowledge of accounting principles, financial analysis, and financial management.

Strategic thinking: The ability to think strategically and align the company's financial strategy with its overall business objectives and goals.

Leadership: The ability to lead and manage a finance team, providing direction, coaching, and support to ensure that the team operates effectively and delivers high-quality financial services to the company.

Business acumen: A strong understanding of the oil exploration industry and the ability to align financial initiatives with the company's business goals.

Risk management: The ability to identify and manage financial risks, including market risk, credit risk, and operational risk.

Analytical skills: The ability to analyze financial data and metrics to identify trends and make data-driven decisions.

JOB SPECIFICATION:

A member of a recognized body of professional accountants with at least five (05) years relevant experience; or a person holding a master degree in finance from a university recognized by the Higher Education Commission with at least ten (10) years relevant experience.

To provide strategic financial leadership and ensure robust financial planning, management, reporting, and control to support business growth and operational excellence. The CFO will lead all functions related to financial management, banking, costing, and forecasting, while enabling data-driven decision-making and regulatory compliance across the manufacturing and distribution operations.

Key Responsibilities:

• Lead preparation and finalization of accurate and timely financial statements as per IFRS and local regulations
• Supervise budgeting, forecasting, and annual operating plan development in collaboration with all business functions
• Ensure timely completion of annual audited accounts by coordinating with external auditors
• Maintain strong relationships with banks and financial institutions for LCs, working capital financing, and treasury operations
• Ensure 100% compliance with all taxation matters including sales tax, income tax, and regulatory filings
• Monitor cash flow, working capital requirements, and optimize financial resources to meet operational needs
• Design and implement robust costing models to accurately capture standard and actual product costs
• Analyze cost variances and recommend efficiency improvements to enhance profitability
• Oversee centralization of the accounts department to streamline reporting and standardize financial controls
• Ensure timely and systematic financial reporting, including salaries, wages, and utilities analysis
• Provide timely, relevant, and accurate financial insights to management across COS, selling, and distribution functions
• Support development of business models and tools for improved decision-making and strategic planning
• Act as a strategic financial advisor to the CEO, providing input on business planning, risk management, and investment decisions
• Build and lead a high-performing finance team; ensure continuous learning, role clarity, and succession planning
  
  

• Qualified CA from a recognized body.
• 15-20 years of progressive experience in finance, with 8+ years in a leadership role in a manufacturing environment.
• Strong expertise in banking, treasury, costing, taxation, and financial reporting.
• Proven experience in budgeting, forecasting, and working with external auditors.
• Solid track record as a financial advisor to CEO/Board, with strong business acumen and decision-support capabilities.
• Excellent leadership and stakeholder management skills
  
  

• Medical Insurance
• Provident Fund
• EOBI
• Paid Leaves
• Easy loan & advance facility
• Incentive Scheme as per organizational policy

• Seniority level Director

• Employment type Full-time

• Job function Accounting/Auditing
• Industries IT Services and IT Consulting

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