Brief Description of Roles & Responsibilities:
BANKING / CORPORATE FINANCE:
§  Arranging fresh financing for the Group which includes both short and long term from banks / FIs / DFIs under the umbrella of Diamond Group of Industries.
§  Ensuring that the existing financing limits get revalidated on annual basis in timely manner.
§  Handling funded & non-funded exposure of the group upto 6.50 (B) with Banks/FIs like National Bank of Pakistan, Bank Alfalah Ltd, Bank of Khyber, Orix Modaraba, Pak Gulf Leasing Co. Ltd, Saudi Pak Industrial & Agricultural Co. Ltd., Silk Bank Ltd., Standard Chartered Bank Ltd., MCB Bank Ltd., Habib Metropolitan Bank Ltd., First Habib Modaraba.
§  Supervising financing requirements of the Group regarding lease of machineries and commercial as well as staff vehicles.
§  Supervising post approval formalities highlighted by the bank in coordination with insurance, legal department and Company Secretary.
§  Leading the implementation of Finance Module Quality Report in Oracle E-Business Suite.
§  Arranging insurance of Group assets as per bank requirements.
§  Arrange registration / modification / revocation of charges in SECP of all group concerns, as per requirements of FIs and the group concerns, in consultation with corporate department.
§  Management of issued TDRs with respective banks on annual basis. (Ramadan Zakat Management).
 
OPERATIONS / TRADE FINANCE:
§  Supervising trade & treasury operations, daily allocation of funds to banks, vendors etc.
§  Management of bank maturities for timely repayment of due liabilities.
§  Negotiation for best rates with treasuries of different banks.
§  Finalization of mark-up sheets & preparation of Finance Cost Sheet on monthly basis.
§  Arrangement of outstanding position of banking facilities of the group and reconciling the same with respective banks.
§  Funds planning for retirement of Non-Fund / Maturities.
§  Supervising the preparation of monthly hypo stock reports.
§  Arrange fresh parking of LCs / Bank Contracts / CADs as per maturity calendar in coordination with imports department.
§  Arrangement for issuance and extension of bank guarantees for group of industries in favour of Government & Non-Government Institutes.
§  Monitoring the daily bank & cash position of the group.
§  Supervising the pledge/CF stocks and arrangement of delivery orders as per requirements of factories.
§  Coordination with Import/Commercial & Supply Chain department for smooth run of factories.
§  Managing & Supervising following operational transactions / activities with different Banks/FI’s (Short-Term & Long-Term Finance Facilities):

Letter of Credit               
Running Finance                                                   
Finance against Trust Receipt   
Finance against Imported Merchandise                                       
Cash Finance-Pledge                                                                   
Istisna                                                                             
Ijarah         
Local Bill Discounting             
Lease Finance / Demand Finance 
Import & Local Murabaha                                                       
Temporary Economic Refinance Facility (TERF)     
Refinance Scheme for Payment of Wages and Salaries          

 

Brief Description of Roles & Responsibilities:
 §  Ensure new client accounts and matters are properly set up and maintained within the Firm’s accounting database.
§  Establish effective and productive working relationships with firm partners and clients to reconcile past due accounts and encourage timely payments.
§  Preparation of monthly financial report to Firm’s principal partners.
§  Reconciliations of various accounts of firm with different banks.
§  Responsible for HR related tasks including, interviewing, hiring, approving vacation time for employees, delegating work, and appropriately resolving issues.
§  Maintain a detailed log and accurate records documenting all verbal and written communication with clients.
§  Preparation of monthly & yearly income statements.
§  Monitoring of accounts of firm & cash at bank.
§  Assigning tasks to paralegals/court clerks as per instructions of Senior Partner of firm.
§  Preparation of Salaries & allowances of the employees of firm.

 
Brief Description of Roles & Responsibilities:
§  Managing and conducting audits of various manufacturing and non- manufacturing organizations.
§  Gather Financial data, search reports evaluate it & make suggestions.
§  Scheduling the audits during the year and to make sure they are completed on time.
§  Ensure proper execution of audit and continuous review of work progress done by the team.
§  Managing and conducting physical verification of fixed assets, inventory, store and spare of various manufacturing and non-manufacturing organizations.
§  Obtain the list of stock items, checking for the most important and expensive items and verify the list with the stock ledger.
§  Ensure that the management has given proper written instructions to its staff to carry out the stock taking.
§  Ensure that the stocks are properly piled and arrange according to their nature & the stock ledgers are closed and signed by the store in charge.
§  Maintenance of books of accounts and Preparation of financial statements of various manufacturing and non-manufacturing organizations.