Head of Finance

Industry: Accounting and Finance

Sector: Finance

Location: Karachi, Pakistan

Qualification: CA qualified

Experience: 4 to 5 years

Head of Finance job available in Karachi for one of the leading Financial Institution. CA qualified with 4 to 5 years of experience in Financial institute, preferably AMC and Life insurance.

Head of Finance job role include creating forecasting models, assessing risk in investments and ensuring all accounting activities comply with regulations.

Responsibilities:

To review monthly management reporting i.e. budget comparison including variance analysis;
To review monthly, quarterly and half yearly (regulatory return) including takaful accounts;
To review monthly and quarterly AKFED reporting;
To review various schedules relating to statutory accounts including premium, premium reconciliation, claims, reserve & reinsurance, commission, sundry receivables, prepayments, advances to suppliers, payable to suppliers and others;
To supervise overall GL operations function as per SOPs of the Company;
To review the various Annual Regulatory Returns under the Ins. Ord. 2000, and coordinate with external auditors for their review / audit;
To liaison with external and internal auditors;
To review quarterly sales and marketing incentives for onward dissemination to Banca Ops.
To resolve report related issues in coordination with IT;
To review various regulatory reporting requirements of SECP, SBP and IAP prior to submission including submission on SECP online web portal.