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Assistant Treasury Manager

2 weeks ago

Karachi South District, Sindh, Pakistan Coats Full time 900,000 - 1,200,000 per year

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials.
These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the environment.

Trusted by the world's leading companies to deliver crucial, innovative, and sustainable solutions, we provide value-adding products including apparel, footwear and specialty threads.

With a proud heritage dating back more than 250 years and a spirit of evolution to constantly stay ahead of changing market needs, we have operations across 50 countries with a workforce of over 17,000, serving our customers worldwide.

Headquartered in the UK, Coats* connects talent, textiles, and technology to make a better and more sustainable world.

For more info, visit our website:

Role Purpose:

The role is responsible for managing monthly financial closing activities, including preparation and posting of accruals, prepayments, bank reconciliations, and depreciation entries. The position supports the Accounting Manager in expense analysis, balance sheet reconciliations, stock reporting, and tax provisions. It also oversees fixed asset management, capex approvals, and compliance with group policies on vendor and audit requirements. Additionally, the role ensures timely coordination with banks, auditors, and internal stakeholders to maintain accurate financial records, streamline reporting, and support statutory and group compliance requirements.

Key Responsibilities:

  • Monthly preparation and posting of accruals and prepayments.
  • Support Accounting Manager in monthly expense analysis.
  • Gather data and prepare Balance Sheet Reconciliation for further review.
  • Prepare/Consolidate detail breakup of closing balances in the Balance Sheet.
  • Compilation of Stock Report and Stamp duty data submission.
  • Supervise month end closing entries, group charges, GIT, Sales Tax provision.
  • Prepare Bank Reconciliations and coordinate with the bank for resolving any issues, bank GLs knocking, bank upload.
  • Recording of Bank Charges and any related FED.
  • E-Treasury team portal update.
  • Maintaining fixed asset register and processing all additions, transfers and disposals. Workout capex cash and creditors for monthly closing. Supervise monthly depreciation run.
  • Assist in ensuring timely tagging of additions and support the cyclical asset count.
  • Responsible for Monthly depreciation posting, coordinate with other departments to ensure all additions to assets/AUC are booked on a timely basis. Workout and reconcile capex cash & capex creditors for reporting purposes.
  • Get all capex sanctions approved after ensuring correct documentation is in place. Open Internal Orders for Capex. Keep track of the budget and the spending.
  • Coordination with bank for several bank related matters and remittances.
  • Perform periodic vendor balance reconciliation as per group policy or more frequently as per business requirements.
  • Liaison with external and internal auditors for timely completion of audit.

Qualifications and Experience:

  • ACCA, CIMA, CA Finalist, or MBA in Finance/Accounting.
  • Proficient user of SAP S/4HANA.
  • Minimum 3–4 years of relevant experience in accounting and financial reporting.

At Coats Group, we are committed to innovation, excellence, and fostering a diverse and collaborative environment where every team member can thrive. If you are passionate about making an impact in the textile industry and eager to join a global leader with a rich heritage and a forward-thinking approach, we invite you to take the next step in your career with us.

Apply now to be part of our dynamic team and help shape the future of textiles.