Financial Controller

IFFCO | Pakistan | PK

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To lead and advise the Business Unit in matters of corporate taxation, budgeting, compliance to legal matters, accounting and book-keeping....

Job Summary
  • To lead and advise the Business Unit in matters of corporate taxation, budgeting, compliance to legal matters, accounting and book-keeping
  • To support the Business Unit in managing the timely clearance of accounts payables, receivables and timely insurance of fixed assets to minimize financial risks to the business
Roles & Responsibilities
  • Responsible for corporate taxation budgeting including tax planning and changes in the tax budgets
  • Responsible for resolving legal matters like adverse notices and assessments in the taxation area
  • Lead the Business Unit’s budgeting and planning exercise from the Finance department
  • Ensure total compliance with laid down norms in terms of compliance financial inclusion, documentation, operational risk and other regulatory control standards
  • Design and implement control measures and monitor plans for compliance and risk management
  • Operational
  • To ensure monthly and annual compliances and implementation of operational tax law
  • To provide complete support for all tax audits in relation to direct and indirect taxes
  • To participate in budget setting, planning, monthly monitoring and reviewing
  • Ensure complete understanding of corporate laws, keep up to date with any changes in legal and regulatory frameworks and take any necessary corrective actions
  • To carry out all requisite activities related to accounting and book keeping such as General Ledger reconciliations, ledger entries, vendor payment processing etc.
  • Ensure timely completion of all payable activities such as vendor payments, salary pay-outs etc.
  • Ensure processing of sales orders, invoice processing, monitor receivables ageing and take appropriate legal actions upon delays in receivables
  • Lead the budgetary planning and monitoring exercise for the Business Unit
  • Ensure adherence to planned budgets and minimize deviations in spend from the allocated functional budgets
  • Timely prepare and submit the related MIS. Circulate the MIS to all concerned stakeholders as per the agreed timelines
  • Liaise with IFFCO’s corporate insurance teams to insure all fixed assets including, but not limited to plant machinery, infrastructure etc.
  • Lead negotiations with Insurance companies for all claims settlements related to the Business unit
  • Conduct risk assessments based on reports and insights shared by insurance companies to assess risk exposure to plants’ fixed assets
  • Support the corporate legal team in managing all litigations related to the business unit involving taxation issues, trademark registry conflicts etc.
  • People Management
  • Allocate work to subordinates, nominate for training as per guidelines, conduct performance reviews and manage leave and overtime to ensure efficiency.
  • Participate in the identification of training and development initiatives for all subordinates
  • Drive the engagement and satisfaction of the team through holding periodic meetings to discuss the achievements and address any employee issues and/or concerns. Build an effective, efficient and motivated team
  • Supervise direct reportees in their day-to-day tasks and guide them in managing their performance by providing appropriate feedback and counselling. Provide recommendations to HR & Admin on hiring and promotions
KPIs
  • Timely processing of vendor payments
  • Adherence to legal regulations and local taxation norms
  • Adherence to budgets allocated
  • imely completion of budgeting exercise
Work experience requirement
  • Minimum experience of 8 years within Finance function in FMCG or relevant industries.
  • Team management experience
Qualification
  • Chartered Accountant Or Post Graduation in Finance
  • CFA, CPA (preferred)
Competencies Self and Team Management Business Acumen Planning & Decision Making Financial planning and Analysis Documentation and Reporting Business Planning and Forecasting Business intelligence management Change Management Strategic Thinking Ownership & Result Orientation Business Unit: Oil & Fats - Pakistan (PKBU02) Business Group: IFFCO Pakistan (Pvt) Ltd (PK01)

Information :

  • Company : IFFCO
  • Position : Financial Controller
  • Location : Pakistan
  • Country : PK

How to Submit an Application:

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Post Date : 23-06-2024