Assistant Manager Finance

Job Summary:

Assistant Manager Finance - Revenue & Receivables at TenX: The candidate will play a pivotal role in managing and overseeing the organization’s revenue and receivables functions. Your core responsibilities will include reading contracts with customers, generating and issuing invoices for clients across the TenX Group, revenue recognition, filing monthly sales tax returns, ensuring tax compliance, accuracy and timeliness.

Job Responsibilities:

• Study customer contracts.
• Evaluate tax implications on invoicing.
• Prepare and dispatch invoices ensuring timely billing cycles.
• Follow up on outstanding receivables to ensure timely clearance and maintain healthy cash flow.
• File monthly and quarterly sales tax returns in compliance with regulatory requirements.
• Maintain and update the receivables report, including entry of all new client agreements and payment terms.
• Prepare receivables reports and reconcile with the sales pipeline to ensure alignment between invoiced revenue and projected revenue.
• Post invoices and receipts into the relevant General Ledger (GL) accounts, ensuring accurate financial records.
• Provide weekly receivables updates to senior management, including: status of received payments, expected receipts, upcoming invoices and any delays or hurdles impacting collections
• Follow-up with customers.
• Coordinate with tax advisors.
• Collaborate with sales team to resolve discrepancies and ensure revenue recognition is accurate.
• Support in preparation of financial statements.
• Support audit and compliance processes by maintaining organized documentation.

Qualifications:

• ACCA, CA or BSc Honours in Accounting and Finance (from Lahore University of Management Sciences, Institute of Business Administration Karachi, National University of Sciences and Technology, Lahore School of Economics)
• 4 years of articles experience in accounting firm or finance department of an IT company
• In-depth knowledge of financial planning, budgeting, forecasting, and financial analysis techniques.
• Strong understanding of accounting principles and financial reporting standards (IFRS & GAAP).
• Strong understanding of tax laws and corporate laws.
• Excellent analytical and problem-solving skills with the ability to interpret complex financial data.
• Advanced proficiency in financial software and Microsoft Office suite especially Microsoft Excel.
• Effective communication and presentation skills, with the ability to convey financial information to non-financial stakeholders.
• Strong ethical standards and commitment to financial integrity.
• Highly organized, detail-oriented, and able to meet deadlines in a fast-paced environment.