Deputy Manager Finance (Financial Reporting, Fixed Assets and Accounts Payable)
- Recruiter
- Toyota Indus Motor Company
- Location
- Karachi (PK)
- Salary
- Market Competitive
- Posted
- 15 Jan 2025
- Closes
- 01 Feb 2025
- Approved employers
- Approved employer
- Sector
- Manufacturing/engineering
- Contract type
- Permanent
- Experience level
- Qualified accountant, Manager
Job Title: Deputy Manager Finance (Financial Reporting, Fixed Assets and Accounts Payable).
Location: Karachi.
Position type: Permanent.
Experience: Minimum 5 - 6 years of relevant experience in financial reporting, fixed assets, and payables management in a corporate environment.
Education: CA/ACCA/ACMA
Last date to apply: 31st January, 2025.
Job Description:
To oversee and manage financial reporting, fixed assets accounting, and payables processes to ensure compliance, accuracy, and efficiency in line with company policies and regulatory standards. The role will involve close interaction with internal and external auditors, preparation of financial statements, and monitoring of key financial processes related to assets and vendor payments.
Key Responsibilities:
Monthly Financial Reporting:
- Monitor, review, and ensure the timely and accurate completion of the monthly financial reporting process for the company.
- Analyze monthly results, identify discrepancies, and provide recommendations for improvements to senior management.
Preparation of Statutory Financial Statements:
- Prepare quarterly and annual statutory financial statements in compliance with local and international accounting standards e.g., IFRS.
- Ensure that financial statements reflect accurate and up-to-date financial positions of the company.
Quarterly Board Working Papers and Presentations:
- Prepare comprehensive working papers for Board meetings on a quarterly basis, summarizing financial performance, key financial metrics, and variances.
- Assist in the preparation of presentations for Board meetings.
Liaison with Auditors:
- Liaise with both external and internal auditors during the audit process to ensure timely completion and resolution of audit queries.
- Prepare audit schedules and provide necessary support to auditors to facilitate smooth audits.
Fixed Assets Reporting and Compliance:
- Monitor and review fixed assets accounting processes to ensure compliance with company policies and relevant accounting standards.
- Conduct periodic asset reconciliation to verify the physical and financial records of assets.
CAPEX Projects and Capitalization:
- Oversee and track Capital Expenditure CAPEX projects to ensure timely capitalization of assets in accordance with company policies.
- Review and ensure proper documentation for CAPEX approvals and capitalizations.
Vendor Accounts Management:
- Review and monitor vendor accounts to ensure timely and accurate settlement of outstanding balances.
- Resolve discrepancies or issues in vendor accounts and ensure alignment with financial records.
Monitoring GR/IR and Advances to Vendors:
- Monitor and review Goods Receipt/Invoice Receipt GR/IR accounts and ensure that any outstanding items are cleared in a timely manner.
- Manage advances to vendors, ensuring that they are tracked, reconciled, and settled as required.