is directly responsible for managing all finance and accounting activities of FINCA Pakistan, and supervises all its finance staff. S/he will ensure that the finance activities of FINCA Pakistan will support FINCA Pakistan in pursuing its mission with a minimum of risk and a maximum of efficiency. As a member of the Management Team/Board, s/he shares responsibility for the overall performance and activities of FINCA Pakistan, and participates in making decisions on material issues.
ESSENTIAL DUTIES include the following. Other duties may be assigned.
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Manage generation of financial statements according to local accounting standards
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Manage timely reporting to relevant local authorities (central bank, tax office, etc.)
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Manage timely reporting to F/I and hub
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Analyze financial data and develop financial analysis as a key management tool with the aim of optimizing FINCA Pakistan’s activities: identify risks, inefficiencies, negative tendencies, and propose measures that reduce risks, improving efficiency, and reverse negative tendencies
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Create/modify procedures such that they are low-risk and efficient
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Ensure compliance of FINCA Pakistan with financial covenants in agreements with creditors and donors
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Create cash flow forecasts
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Ensure availability of sufficient resources for lending in the required currency
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Manage all financial transactions with creditors, banks, donors
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Manage the planning and budgeting process of FINCA Pakistan
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Act as the coordinator and main contact person with external auditors
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Keep all Management Team/Board members informed about relevant issues/developments in FINCA Pakistan's finance activities and department
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Participate/vote in decision-making (with Management Team/Board Members) on relevant “Finance” and “Non-Finance” issues
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Manages relationships with all Lenders, both local and external, in concert with the CMG Team in HQ.
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Manage the ALCO Process as the principal representative of the local subsidiary.
SUPERVISORY RESPONSIBILITY
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Supervise all finance staff of FINCA Pakistan. For finance staff located in branches, the CFO retains the “professional responsibility”, whereas the “administrative responsibility” is transferred to the branch manager
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Responsible for hiring/evaluating all finance staff (for branch employees: professional responsibility only; administrative responsibility is with branch manager), and their dismissal, if necessary
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Assess the training requirements for the Finance Department as a whole and for its individual employees, and develop a capacity building plan for the Department and its individual employees
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Preparation of staff to assume management positions
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Conduct performance evaluations of the staff reporting to him/her and verify that the supervisory personnel also perform evaluations of their staff in a timely manner according to established procedure
KEY DELIVERABLES
Create/develop appropriate reports: financial ratios; liquidity report; currency gap report; various credit reports; breakdown by branches/regions; breakdown by products; plan-fact comparison; historic development; other as required/appropriate
Ensure compliance of FINCA Pakistan's finance activities with the Charter/bylaws of the subsidiary; FINCA and subsidiary policies, procedures, plans and agreements; decisions of subsidiary governing bodies as well as headquarter and regional office supervisor(s); maintain good coordination with regional office, headquarters, and governing bodies
Present relevant “Finance” issues to the Management Team/Board for information, discussion, decision making
KEY RELATIONSHIPS
Subsidiary Chief Executive Officer
Subsidiary Chief Operations Officer
Global Chief Financial Officer
Subsidiary finance team
COMPETENCIES
Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and procedures.
Managing People - Includes staff in planning, decision-making, facilitating and process improvement; Takes responsibility for subordinates' activities; Makes self-available to staff; Provides regular performance feedback; Develops subordinates' skills and encourages growth; Solicits and applies customer feedback (internal and external); Fosters quality focus in others; Improves processes, products and services.; Continually works to improve supervisory skills.
Cost Consciousness - Works within approved budget; Develops and implements cost saving measures; Contributes to profits and revenue; Conserves organizational resources.
Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.
Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.
Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
Job Requirements
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Extensive experience in best-practice financial management of a company, desirably a financial institution.
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Outstanding interpersonal, communication and training skills.
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Strong business management and negotiating skills.
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Excellent technical report writing skills and computer literacy.
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Strong analytical and organizational skills.
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Good understanding of IT issues and the role and possibilities of IT in financial management.
Education & Experience
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Master’s Degree in Business, Finance, Economics, Management or Marketing (or equivalent work experience)
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CPA, or Chartered Accountancy qualification (desirable)
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Commercial banking experience (a minimum of 5 years is required, more - desirable)
Language Skills: Fluency in English
TRAVEL REQUIREMENTS
Availability and willingness to travel up to 25% of the time
PHYSICAL DEMANDS
Ability to travel in economy class when traveling by air or rail.