Deputy Manager Finance

Position Title:Deputy Manager Finance
Department:Finance
Reports To:Sr. Manager Finance
Location:Accrescent Engineers Private Limited, Karachi

Job Summary:The Deputy Manager Finance will assist the Sr. Manager Finance in all financial planning and budgeting activities. The role involves preparing financial forecasts, analyzing financial data, managing funds, ensuring compliance with regulations, and supporting project financial management.

Key Responsibilities:

• Planning & Budgeting:
• Assist in the preparation of annual budgets and financial plans.
• Support the Sr. Manager Finance in developing short-term and long-term financial strategies.
• Analyze financial performance against budget and provide variance analysis.
• Collaborate with department heads to gather budget inputs and consolidate departmental budgets.
• Monitor and review financial plans and budgets to ensure alignment with company goals.
• Prepare detailed financial reports and presentations for management review.
• Conduct financial modeling and scenario analysis to support strategic decision-making.
• Forecasting:
• Develop financial forecasts based on historical data, market trends, and economic conditions.
• Regularly update forecasts to reflect changes in business environment and operations.
• Provide insights and recommendations based on forecast analysis.
• Funds Management:
• Monitor and manage the company's cash flow to ensure adequate liquidity.
• Oversee the allocation of funds to various projects and departments.
• Optimize the use of financial resources to meet operational and strategic objectives.
• Projects Financial Management and Financial Performance:
• Support the financial management of projects, ensuring accurate tracking of costs and revenues.
• Analyze project financial performance and provide insights to project managers.
• Ensure financial aspects of projects are managed in line with company policies and objectives.
• Analysis of Bid Packages, Purchase Orders, and Assess Financial Profit or Loss:
• Review and analyze bid packages and purchase orders to assess financial viability.
• Calculate potential profit or loss associated with bids and contracts.
• Provide financial recommendations to support decision-making.
• Calculation of Commission Based on Sales Value and Profit Margin:
• Develop and implement commission structures based on sales value and profit margin.
• Ensure accurate calculation and timely payment of commissions to sales staff.
• Monitor and review commission plans to ensure alignment with business goals.
• Compliance with Regulations as per Government of Pakistan:
• Ensure compliance with financial regulations and reporting requirements.
• Stay updated on changes in regulations and implement necessary adjustments.
• Liaise with regulatory bodies and auditors to ensure adherence to legal standards.
• Reporting:
• Prepare and present financial reports, including monthly, quarterly, and annual reports.
• Provide financial insights and recommendations to senior management.
• Ensure accuracy and timeliness of financial reporting.
• System and Process Development:
• Identify opportunities for process improvements in financial planning and budgeting.
• Implement best practices to enhance the efficiency and effectiveness of financial operations.
• Develop and maintain financial planning and budgeting tools and systems.
• Costing of Projects and Production:
• Develop and implement cost accounting systems for project and production costing.
• Monitor and analyze the cost structure of projects and production processes.
• Provide detailed costing reports and recommendations to optimize cost management.

Qualifications:

• Education:Bachelor's degree in Finance, Accounting, or a related field. A professional qualification such as ACCA, CIMA, M.COM, MBA.
• Experience:At least 6-8 years of relevant experience in financial planning, budgeting, and analysis.
• Skills:
• Strong analytical and problem-solving skills.
• Excellent knowledge of financial principles and practices.
• Proficiency in financial modeling and forecasting.
• Advanced Excel skills and experience with financial software.
• Strong attention to detail and accuracy.
• Excellent communication and presentation skills.
• Ability to work collaboratively and manage multiple priorities.

Key Competencies:

• Financial Acumen
• Analytical Thinking
• Attention to Detail
• Communication
• Collaboration
• Strategic Thinking
• Integrity and Ethical Conduct