Major Responsibilities - Formulate / review financial and accounting policies and procedures with a view to increase productivity and to match with the changing business as well regulatory requirements and seek approval of the CEO/BOD for implementation.
- Coordinate with Head of Treasury function in developing policies for long, medium and short term fund requirements and monitor the transfer of funds between various bank accounts, deposit accounts as well inter branch accounts.
- Develop effective procedures to monitor the Bank’s portfolios in advances, deposits and repayments in light with the changing economic and regulatory environments with a view to ensure that the assets do not fall below their recorded recoverable values and liabilities are segregated and classified correctly to ensure optimum usage of bank’s funds and maximum trade-off between risk and reward and identify deposits and advances, which have served their purpose and initiate steps for recovery as these are the functions of credit and commercial banking divisions.
- Ensure consolidation and preparation of statutory financial statements i.e. Balance sheet, Profit and loss Accounts, cash flows etc. in accordance with the requirements of State Bank of Pakistan, the Banking Companies Ordinance, 1962, the Companies Ordinance, 1984, International Accounting Standards and Statements by the Standing Interpretations Committee as adopted by ICAP and approved by the SECP as well as all other applicable circulars, notifications, amendments, best-practice statements and judgments of external auditors with respect to specific financial reporting issues.
- Coordinate with directors for preparation of agenda for company-meetings and issue notices to the BOD members, shareholders and other stakeholders; arrange for media advertisement of the meetings, coordinate with all stakeholders for answering their queries with respect to affairs of the Company and ensure that stakeholders¡¦ rights are protected in a transparent manner; maintain minutes of the meeting of the BoD and distribute copies / extracts thereof to the strategic management, regulatory authorities and any other person who becomes entitled to receive those minutes or extracts, wherever necessary.
- Draft amendment(s) in the Memorandum of Association and Articles of Association as per instructions issued by the members and the BoD in accordance with the procedure laid down in the Companies Ordinance, 1984, submit approval by the competent authority for such amendments with the regulatory bodies and disseminate the same to whosoever is entitled to receive such amendments; update Memorandum and Articles of Association.
- Manage timely submission of all statutory returns to SECP, SBP and other regulatory bodies after completing necessary requirements, report changes therein to the regulatory authorities within the prescribed time frame to meet the regulatory requirements and avoid penalty(ies).
- Prepare Board's resolutions urgently needed to be adopted through circulation among directors and instruct subordinate to file returns and other documents with the Registrar of Companies - SECP within prescribed period along with fee as per Companies Ordinance
- Annual return (Form-A),
- Appointment/Change of Chief Executive, Secretary, Accountant, Auditor and Legal Advisor.(Form 29)
- Copies of annual accounts
- Return of Allotment of shares
- Return of Special Resolutions
- Any other returns as applicable and required by law.
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Qualification:
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Experience:
- At least three years work experience of similar position preferably with a commercial bank/financial institution
Application along with a recent passport size photograph may be sent at the following address;
HR & Services Division,
Jang Building, 40- A. K. Fazal-ul- Haq Road, Blue Area, Islamabad.
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