Financial Management Associate

2 days ago


Lahore, Punjab, Pakistan Advance International Chemicals Pvt Ltd Full time
Job Title: Chemical Industry Professional

Job Description:

Advance International Chemicals Pvt Ltd is searching for a skilled Chemical Industry Professional to manage their financial transactions, maintain accurate records, and provide essential support to the management.

Key Job Responsibilities:
  1. Manage letter of credit preparation and finalization, including LC Cost Sheet and recording of imported stock in the company's books of accounts.
  2. Prepare and review receivables aging report, sales and recovery targets, and purchases from IGP, GRN with stock ledger and supplier ledger.
  3. Coordinate stores issuance for production and general maintenance, production entries, and reconciliation statements of monthly production item-wise with store issuance and wastage.
  4. Ensure accurate sales reconciliation from OGP, Sales Invoices, Delivery Challans with sales ledger and debtor's ledger, and maintain perfect knowledge about accrual concepts.
  5. Record and reconcile expenses under proper heads of accounts, maintaining each voucher numbered, signed with supporting documents, and in series.
  6. Prepare and submit withholding tax statements U/S 165, 147, 155, 153, 151, and reconcile with Income Tax ledgers.
  7. Review and verify sales tax returns after complete verification of Input and Output tax adjustments, reconciliation with Sales Tax ledgers, and summary statement U/S 26(5).
  8. Verify Bank Reconciliation statements, commission workings of staff, and submission of stock statements to the bank on or before the 10th of each month.
  9. Monitor salary sheets and tax deducted thereon, as well as withholding tax deduction on all payments including advance payment.
  10. Address any other query/information asked by the head of department/company from time to time.


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