Finance And Accounts Executive

1 week ago


Karachi, Sindh, Pakistan Mahenti Industries - Lunar Furniture Full time

Financial Reporting: This involves preparing financial statements such as the income statement, balance sheet, and cash flow statement. Accuracy, transparency, and compliance with accounting standards are crucial in financial reporting.

Budgeting and Forecasting: Developing budgets and financial forecasts to help the organization plan and manage its finances effectively. This involves projecting future revenues, expenses, and cash flows based on historical data and expected market conditions.

Financial Analysis: Analyzing financial data to provide insights into the company's performance, profitability, and financial health. This may include conducting ratio analysis, trend analysis, and variance analysis to identify strengths, weaknesses, opportunities, and threats.

Tax Planning and Compliance: Ensuring compliance with tax laws and regulations while also minimizing the organization's tax liabilities through effective tax planning strategies. This includes filing tax returns accurately and on time, as well as identifying opportunities for tax deductions and credits.

Internal Controls: Establishing and maintaining internal control procedures to safeguard the organization's assets, prevent fraud, and ensure the reliability of financial reporting. This includes implementing segregation of duties, authorization processes, and regular internal audits.

Treasury Management: Managing the organization's cash flow, liquidity, and investments to optimize the use of financial resources and maximize returns while minimizing risks. This may involve managing banking relationships, cash flow forecasting, and short-term investing or borrowing.

Financial Planning and Strategy: Developing long-term financial plans and strategies aligned with the organization's goals and objectives. This may involve capital budgeting decisions, investment analysis, and evaluating potential mergers or acquisitions.

Risk Management: Identifying, assessing, and mitigating financial risks that could impact the organization's performance or stability. This includes managing risks related to currency fluctuations, interest rate changes, credit exposure, and market volatility.

Job Specification

Compliance and Regulatory Reporting: Ensuring compliance with financial regulations and reporting requirements imposed by regulatory bodies such as the Securities and Exchange Commission (SEC), Financial Accounting Standards Board (FASB), and International Financial Reporting Standards (IFRS).

Stakeholder Communication: Communicating financial information and performance metrics to internal stakeholders (such as management and board of directors) and external stakeholders (such as investors, creditors, and regulatory agencies) in a clear and transparent manner.

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