Manager Finance & Accounts

Our purpose

You will be part of the largest skills development fund in Pakistan. PSDF’s purpose is to shape the future and well-being of our poor and vulnerable youth by giving them access to skills training of the highest standard so they can find sustainable employment and income-generating opportunities in Pakistan and beyond.

The impact we have created

PSDF started its operations in the 4 poorest districts of Punjab. Since 2016, the geographical remit has expanded to the entire 36 districts of Punjab and other districts of Sindh, Balochistan & KPK. PSDF has trained almost 600,000 underprivileged youth across Punjab. These graduates have been trained in approximately 250+ demand-driven and market-relevant trades across 8 sectors.

Diversified and challenging team

At PSDF, our team constantly works in a fast paced and challenging environment and needs someone who can match and deliver at our pace. We are looking for a passionate and talented individual who can actively pursue and drive the agenda of PSDF and is always ready to take up new challenges.

This position leads and manages operations of the Finance department of PSDF, prepares and develops the departmental budget and plan aligned with departmental goals, and Plans and organizes the annual budget planning and review exercise.

The primary job responsibilities for this role will be to:

1. Develop finance departmental objectives/ plans considering objectives and sets targets for the upcoming year based upon comparative and trend analysis.
2. Lead the budgeting and planning exercise. Upon receiving target elements/ focus areas from the CFO, initiate the budget preparation process.
3. Engage relevant departments for budget preparation and seek clarification in the proposed budget from respective departments.
4. Advise on and ensure that proper financial controls are in place and exercised. Maintains a working knowledge of how new regulations/policies, and political/economic trends may impact
5. Timely prepare monthly reports to the Management/donors/ external agencies i.e. Monthly/quarterly reporting of Accounts, Budget vs Actual analysis (PSDF & Programme wise), and other special reports required by management from time to time.
6. Periodically review GL to ensure correctness/completeness of TB for preparation of financial statements as per applicable governing rules for external auditors and liaison with external auditors to complete audit in timely manner.
7. Supervise and ensure timely preparation of weekly /monthly withholding tax details (direct/indirect taxes) including preparation of PSIDs and monthly/annual filing of returns & tax certificates to TSPs & Vendors.
8. Monitor and manage finance operations. Prepares management accounts of a monthly / quarterly basis or as per set criteria. Estimates cash flows based on invoicing schedule and approved budgets and manages as per CFO’s direction.
9. Highlight associated challenges and devise action steps to cope with challenges based on the recommendations, feedback, and ideas of CFO.
10. Brainstorm ideas for improvements in the progress of accounts, seek support of management for resolution of pending matters.
11. Understand special reports requirements from the CFO, prepare and presents the reports as per defined timelines. Oversees preparation of monthly accounting reports as per standards by reviewing all expenses OPEX and CAPEX in coordination with the CFO.
12. Share departmental performance with the supervisor against objectives set for the previous year. Understands & collects departmental requirements with the support of subordinates and reflects upon the department’s associated needs.
13. Provide effective and inspiring leadership to the team. Ensures parity among subordinates with regard to learning and growth opportunities. Helps create a conducive working environment to build and sustain an engaged and committed team.

The main accountabilities for this role include:

1. 100% achievement of departmental objectives and alignment with organizational goals.
2. 100% compliance with allocated budget, policies, procedures, and accounting standards.
3. 100% accuracy in data entry, invoicing, billing, and financial reporting.
4. 100% timely execution of accounting tasks, audits, approvals, and rectification of errors.
5. Minimum budget deviations and audit observations.

To apply, you must have:

1. Member of a recognized body of professional accountants with at least five years of relevant experience. OR
2. Master’s degree in Finance, Accounts, or a relevant/similar discipline from an HEC-recognized / accredited university with at least 10 years of relevant/ similar experience, including 3 years at a senior management level.

The experience for this role requires you to have:

1. Strong understanding of the TVET sector, business processes, and ERP financial systems.
2. In-depth knowledge of IAS, IFRS, Companies Ordinance 1984, and audit & internal control standards.
3. Expertise in risk assessment, risk management, and deal structuring.
4. Familiarity with tax regulations, banking laws, and compliance standards.
5. Experience in strategic public relations, business development, and sales, with strong industry.

PSDF has a lot more to offer than a market-competitive salary and perks. As a PSDF employee, you will get:

• Professional development and career growth opportunities with the largest skills development fund in Pakistan.
• Experience a dynamic innovation-driven environment committed to empowering youth through employment and entrepreneurship.
• Opportunity to lead and execute groundbreaking approaches to skills development for Pakistan’s youth.