Senior Officer – Accounts & amp; Budget

Job Scale/ Grade:  Up to M6 (Senior Officer)

Min. Experience Required:  Minimum 02 (Two) years of relevant professional experience. Preference will be given to candidates having done articleship.

Vacancies/Slots:  1 (Islamabad, Karachi)

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Key Responsibilities

• Ensure completeness and correctness of closing adjusting entries in Oracle financial.
• Maintenance of records as per regulatory and bank’s requirements.
• Posting of any adjusting or periodical adjusting entries.
• Ensure proper accounting, taxation, reconciliations and other accounting matters in day-to-day operations of the bank.
• Exhibit knowledge of insurance accounting and relevant I.F.R.S., etc.
• Development and implementation of systems for proper accounting.
• Manage the bank’s financial accounting, monitoring, and reporting systems.
• Preparation of Annual Budget at bank and segment level.
• Coordination with all Business Segments for Budget estimates.
• Prepare variance analysis on monthly, quarterly, half yearly and annual basis.
• Prepare information for the Statutory reporting to the State Bank of Pakistan and ensure that all returns are submitted in timely manner.
• Liaise with other departments for statutory disclosures as required by SBP and prepare information desired by various departments.
• Assist in the day-to-day accounting/reporting function.
• Executing any other duties as and when required by the line management.

 

Core Competencies

• Excellent knowledge of accounting standards, reporting frameworks, tax laws, regulatory and statutory requirements.
• Prior Knowledge of State Bank regulatory reporting shall be an added advantage.
• Excellent exposure of working of ERP Oracles.
• Well versed in Islamic finance, insurance structures, reporting regulations (A.A.O.I.F.I. standards), accounting treatment of insurance operations.
• Proven experience in developing and implementation of Accounting Manual, Financial Reporting Manual & Financial Controls and related procedures.
• Excellent analytical skills; experience in developing high quality financial models.
• Good computer literacy and inclination towards automation.
• Excellent team player. Able to take up challenges.
• Good written and oral communication skills both in English and Urdu.

 

Qualification

Minimum of Master’s degree in accounting and finance, (C.A. inter, A.C.C.A. qualified, C.F.A., C.I.M.A. or equivalent) or other relevant fields from a leading local or international university recognized by the Higher Education Commission (H.E.C.) of Pakistan.

 

Key Value of the Senior Officer Role

The Senior Officer position provides a unique opportunity to be at the heart of the bank’s financial operations, offering you the chance to make a significant impact on the organization’s financial integrity and compliance. By overseeing critical financial reporting, accounting, and reconciliation processes, you will ensure that the bank’s financial operations are transparent, accurate, and aligned with industry standards.

This role also offers you the chance to work closely with business segments, contributing to the preparation of the bank’s annual budget and providing insightful variance analysis. As a Senior Officer, you will play a key part in ensuring that the bank stays compliant with regulatory requirements, particularly through statutory reporting to the State Bank of Pakistan (SBP). Your work will ensure that the bank remains financially sound, secure, and ready for future growth.

Moreover, your involvement in system development and process improvements will allow you to shape the efficiency and reliability of the bank’s financial accounting systems. This will be a rewarding opportunity to enhance your expertise in financial management, accounting systems, and regulatory compliance while working in a dynamic and challenging environment.

 

Why You Should Apply

If you are someone who thrives in a structured yet dynamic environment, with a strong attention to detail and a passion for financial accuracy, the Senior Officer role is the perfect fit for you. You will be working with an experienced team of professionals, contributing to essential functions such as budgeting, financial reporting, and compliance.

In this position, you will have the chance to grow your skills in a wide range of financial functions, from accounting and taxation to systems management. You will collaborate with various teams across the organization, gaining valuable exposure to different aspects of financial operations and enhancing your professional growth.

Additionally, this role offers the opportunity to make a direct impact on the bank’s financial health by ensuring that all reporting is accurate, compliant, and timely. With the support of your team and leadership, you will help drive the bank’s strategic objectives, making this a highly rewarding opportunity for those passionate about financial management and accounting.

 

Your Impact

By joining the team as a Senior Officer, you will play a vital role in strengthening the financial backbone of the bank. Your ability to manage complex financial tasks, provide in-depth variance analysis, and ensure compliance will directly contribute to the organization’s success. If you’re looking to build a career in finance while making a tangible impact, this is the role for you.