Department Head - Financial Reporting - Consolidated Accounts

Reporting To

The Department Head will report to the Wing Head - Statutory Accounts Wing.

Educational / Professional Qualification

Applicants must have a minimum Graduation or equivalent from a local or international university/college/institute recognized by the HEC. Candidates having a Master's Degree and/or any other relevant professional qualification such as CA/CA Inter/ACCA/ACMA will be preferred.

Experience

A minimum of 04 years of experience in financial reporting and/or article ship in a financial institution and/or audit firm is required. Having experience of handling accounts consolidation/statutory accounts will be an added advantage.

Other Skills / Expertise / Knowledge Required

The ideal candidate should have a sound understanding of regulatory reporting requirements and well-versed with relevant laws, be detail-oriented with a high level of accuracy, be a good team player with the ability to prioritize and accomplish tasks, and be proficient in MS Excel, PowerPoint, and Word. A basic understanding of Power BI is also necessary.

Outline of Main Duties / Responsibilities

• Liaise with subsidiaries, associates, and joint venture(s) for timely preparation of consolidated financial statements.
• Prepare quarterly, half-yearly, and annual consolidated financial statements of the Group.
• Prepare consolidation packs of subsidiaries, associates, joint venture(s) for the provision of information for consolidated financial statements.
• Prepare financial analysis of subsidiaries, associates, and joint venture(s).
• Publish financial statements in quarterly, half-yearly, and annual reports.
• Publish annual financial statements in newspaper(s).
• Prepare MIS of Nominee Directors along with the office note, memo, and correspondence letters related to the nomination of Director.
• Prepare memo and circular of profit rates on deposits in coordination with other departments.
• Compile and review penalties reported in financial statements in coordination with Operations and Compliance Groups.
• Manage the provision of shareholding information from subsidiaries and associates.
• Coordinate for dividend warrant revalidation.
• Coordinate with subsidiaries to prepare State Owned Entities (SOE) information.
• Ensure the provision of free float of shares information.
• Handle SBP reporting matters.
• Coordinate with external and internal audit teams and assist in timely closure of audit findings.
• Perform any other assignment as assigned by the supervisor(s).

Application Method

Interested candidates may visit the website www.sidathyder.com.pk/careers and apply online within 10 working days from the date of publication of this advertisement as per given instructions. Applications received after the due date will not be considered in any case. No TA/DA will be admissible for test/interview.

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