Senior Analyst Finance
Job Details
Position Summary
Karandaaz Pakistan is seeking a Senior Analyst Finance to provide support in completing the deliverables of the team, which includes the coordination of internal and cross functional financial processes and activities. The incumbent is a member of the Finance Team, reporting to the Manager Finance.
Key Duties & Responsibilities
- Processing all payments of Karandaaz timely, i.e. program, non-program and operational payments, along with regular follow-up with tax consultants for seeking both direct and indirect tax opinions where required
- Post all approved vouchers (BPVs/JVs/CPs) in the Financial Management System
- Prepare monthly payroll in the accounting software, along with timely submission of all payroll-related reporting to Manager Finance
- Perform tax calculation on monthly payroll and ensure all applicable tax credits have been properly accounted for
- Ensure tax has been withheld and deposited timely in the government treasury, in accordance with prevailing tax laws
- Ensure timely submission of all quarterly and annual withholding tax statements of the company
- Follow-up with the tax advisor to ensure timely submission of tax opinions against various grants / services agreements
- Maintenance of books of accounts of employees’ provident fund, along with their updation on monthly basis
- Prepare monthly reconciliation of all bank accounts
- Assist in documentation and supporting provision to External and Internal Auditors
- Timely preparation and submission of various financial reports to Manager Finance on a monthly basis
- Ensure monthly closing of books of accounts on a timely basis to meet reporting deadlines
- Monthly profit recalculation of all bank accounts to ensure there are no discrepancies
- Timely shifting of banks’ profit from all bank accounts to Own Source Revenue account and BMGF account, along with calculation and transfer of Liquidity reserve as per updated policy
- Provide support in processing of all payments, including tax submission, along with management reporting for newly incorporated sister companies
- Any other task assigned by the Line Manager / Chief Financial Officer
Education & Experience
- CIMA Qualified, with at least 5 years of relevant work experience
- Must have sound knowledge of the Companies Act’ 2017, Income tax Ordinance’ 2001 and International Financial Reporting and Accounting Standards, applicable in Pakistan
- Experience of donor funded projects will be a plus
- Knowledge of reputable Financial MIS (example Oracle, Dynamics) preferred
- In depth knowledge / experience of accounting cycle
- Ability to meet targets within tight deadlines
- Should be a result-oriented individual
- Proficiency in MS Office, especially MS Excel and MS Word
- Sound judgment, flexibility, adaptability and cultural sensitivity
- A good team-player who is able to promote the spirit of joined of working at all levels
- Ability to represent Karandaaz Pakistan in a confident, courteous and coherent manner
- Demonstrated behavior of professional and personal ethics, transparency and openness
- Excellent English writing and presentation skills
Company
Karandaaz Pakistan, a Section 42 company established in August 2014, promotes access to finance for small businesses through a commercially directed investment platform, and financial inclusion for individuals by employing technology enabled digital solutions. The Company has financial and institutional support from leading international development finance institutions; principally the United Kingdom’s Department for International Development (DFID) and the Bill & Melinda Gates Foundation (BMGF).
The Company has four verticals:
- Karandaaz Capital provides wholesale structured credit and equity-linked direct growth capital investments in micro, small and mid-size enterprises (MSMEs) with compelling prospects for sustainable growth and employment generation in Pakistan
- Karandaaz Digital focuses on expanding the poor’s access to digital financial services in Pakistan by working across the ecosystem with all stakeholders including regulators, policy-makers, government departments, businesses and researchers and academics with activities arranged in four key work areas–Policy and Regulation, Seeding Innovation, Experimentation and Solutions Development, and Scale and Outreach.
- Karandaaz Innovation manages the Innovation Challenge Fund, providing risk capital and grants to partners with an aim to generate innovative solutions to complex problems in areas of financial inclusion and entrepreneurship.
- Knowledge Management and Communications supports the company's core financial inclusion goal by developing and disseminating evidence based insights and solutions to influence markets and the financial ecosystem.
Company info
- Website
- https://karandaaz.com.pk/
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