Finance Manager - Financial Planning & Reporting - TJ / 1934685
Recruit AI
Date: 2 hours ago
City: Lahore
Contract type: Full time
Our client Punjab Skills Development Fund is looking for a Finance Manager - Financial Planning & Reporting in Lahore
The Manager Finance at Punjab Skills Development Fund plays a critical role in overseeing the financial activities and ensuring the financial health of the organization. This position demands a strategic leader responsible for leading financial planning, budgeting, operations, and reporting activities. The manager directs cash flow management, supervises internal controls, and coordinates external audits to ensure compliance with relevant regulations and standards. The role requires deep expertise in IFRS standards, provincial tax regulations, and a solid understanding of the TVET sector's dynamics and trends. In this leadership role, the individual manages a team of a few professionals, providing guidance and fostering an environment that aligns financial objectives with organizational goals. The ideal candidate brings at least ten years of experience in finance, with demonstrated ability to develop and implement financial strategies that optimize company resources. The candidate must have hands-on knowledge of IAS and IFRS, strong practical skills in financial reporting and budgeting, and expertise in business processes and systems including SAP. The role also emphasizes ensuring robust audit and internal control standards, which support sound decision-making and maintain regulatory compliance. This position is pivotal in supporting Punjab Skills Development Funds commitment to financial excellence and long-term sustainability.
Responsibilities
Develops finance departmental objectives/ plans considering objectives and sets targets for upcoming year based upon comparative and trend analysis.
Leads the budgeting and planning exercise. Initiates the budget preparation process upon receiving target elements/ focus areas from CFO. Engages relevant departments for budget preparation and seeks clarification in proposed budget from respective departments.
Advises on and ensures that proper financial controls are in-place and exercised. Maintains a working knowledge of how new regulations/policies, and political/economic trends may impact.
Timely preparation of monthly reports to the Management/donors/ external agencies i.e. Monthly/quarterly reporting of Accounts, Budget vs Actual analysis (PSDF & Programme wise) and other special reports required by management from time to time.
Periodical review of GL to ensure correctness/completeness of TB for preparation of financial statements as per applicable governing rules for external auditors and liaison with external auditors to complete audit in timely manner.
Supervision to ensure timely preparation of weekly /monthly withholding tax details (direct/indirect taxes) includes preparation of PSIDs, Monthly/annual filing of returns & tax certificate to TSPs & Vendors.
Monitors and manages finance operations. Prepares management accounts of monthly / quarterly bases or as per set criteria. Estimates cash flows based on invoicing schedule and approved budgets and manages as per CFOs direction.
Highlights associated challenges and devises actions steps to cope with challenges based on the recommendation, feedback, and ideas of CFO. Brainstorms ideas for improvements in progress of accounts, seeks support of management for resolution of pending matters.
Understands special reports requirements from CFO, prepares and presents the reports as per defined timelines. Oversees preparation of monthly accounting reports as per standards by reviewing all expenses OPEX and CAPEX in-coordination with CFO.
Shares departmental performance with supervisor against objectives set for previous year. Understands & collects departmental requirements with support of subordinates and reflects upon departments associated needs.
Provides effective and inspiring leadership to the team. Ensures parity among subordinates with regards to learning and growth opportunities. Helps creating a conducive working environment to build and sustain an engaged and committed team.
The Manager Finance at Punjab Skills Development Fund plays a critical role in overseeing the financial activities and ensuring the financial health of the organization. This position demands a strategic leader responsible for leading financial planning, budgeting, operations, and reporting activities. The manager directs cash flow management, supervises internal controls, and coordinates external audits to ensure compliance with relevant regulations and standards. The role requires deep expertise in IFRS standards, provincial tax regulations, and a solid understanding of the TVET sector's dynamics and trends. In this leadership role, the individual manages a team of a few professionals, providing guidance and fostering an environment that aligns financial objectives with organizational goals. The ideal candidate brings at least ten years of experience in finance, with demonstrated ability to develop and implement financial strategies that optimize company resources. The candidate must have hands-on knowledge of IAS and IFRS, strong practical skills in financial reporting and budgeting, and expertise in business processes and systems including SAP. The role also emphasizes ensuring robust audit and internal control standards, which support sound decision-making and maintain regulatory compliance. This position is pivotal in supporting Punjab Skills Development Funds commitment to financial excellence and long-term sustainability.
Responsibilities
Develops finance departmental objectives/ plans considering objectives and sets targets for upcoming year based upon comparative and trend analysis.
Leads the budgeting and planning exercise. Initiates the budget preparation process upon receiving target elements/ focus areas from CFO. Engages relevant departments for budget preparation and seeks clarification in proposed budget from respective departments.
Advises on and ensures that proper financial controls are in-place and exercised. Maintains a working knowledge of how new regulations/policies, and political/economic trends may impact.
Timely preparation of monthly reports to the Management/donors/ external agencies i.e. Monthly/quarterly reporting of Accounts, Budget vs Actual analysis (PSDF & Programme wise) and other special reports required by management from time to time.
Periodical review of GL to ensure correctness/completeness of TB for preparation of financial statements as per applicable governing rules for external auditors and liaison with external auditors to complete audit in timely manner.
Supervision to ensure timely preparation of weekly /monthly withholding tax details (direct/indirect taxes) includes preparation of PSIDs, Monthly/annual filing of returns & tax certificate to TSPs & Vendors.
Monitors and manages finance operations. Prepares management accounts of monthly / quarterly bases or as per set criteria. Estimates cash flows based on invoicing schedule and approved budgets and manages as per CFOs direction.
Highlights associated challenges and devises actions steps to cope with challenges based on the recommendation, feedback, and ideas of CFO. Brainstorms ideas for improvements in progress of accounts, seeks support of management for resolution of pending matters.
Understands special reports requirements from CFO, prepares and presents the reports as per defined timelines. Oversees preparation of monthly accounting reports as per standards by reviewing all expenses OPEX and CAPEX in-coordination with CFO.
Shares departmental performance with supervisor against objectives set for previous year. Understands & collects departmental requirements with support of subordinates and reflects upon departments associated needs.
Provides effective and inspiring leadership to the team. Ensures parity among subordinates with regards to learning and growth opportunities. Helps creating a conducive working environment to build and sustain an engaged and committed team.
How to apply
To apply for this job you need to authorize on our website. If you don't have an account yet, please register.
Post a resumeSimilar jobs
Lifestyle Video Editor
Milele,
Lahore
2 hours ago
Milele Prime is hiring a Lifestyle Video Editor for our Lahore office.About Milele PrimeMilele Prime is a multi asset CFD broker licensed by the Financial Services Commission (FSC) of Mauritius. Clients trade forex, indices, commodities, crypto CFDs and stock CFDs on MetaTrader 5 and the Milele Prime Trading Terminal. Milele Prime is part of Milele Group, a Dubai based group...
Office Assistant (Women Preferred) - GEM Creatives
Taraki,
Lahore
3 hours ago
Our client GEM Creatives is hiring a Office Assistant (Women Preferred) in Lahore.Job Description:We are seeking a diligent and organized Office Assistant to join our team in-person on a full-time basis. The ideal candidate will support daily office activities and ensure smooth operations within our workplace.Responsibilities:- Greet and direct visitors to the appropriate departments.- Handle incoming and outgoing mail, packages,...
Director, Sourcing APP/A&G - Pakistan
adidas,
Lahore
8 hours ago
PURPOSE Key player in Sourcing in driving Sourcing’s vision to be the Most Agile, Most Competitive, Most Digitalized & Cleanest Supply Base in the industry. Lead the overall business of the Operation Centers/designated factories or factory groups and manage the relationships between adidas Group and T1s ensuring that adidas apparel and A&G objectives are met.KEY RESPONSIBILITIES Lead the overall sourcing...
