Job Opportunity for the Post of CFO in Pakistan 2024

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Company Name: Awwal Modaraba Management Limited

Awwal Modaraba Management Limited (AMML) is approved by the Registrar Modaraba Companies and Modaraba, Securities and Exchange Commission of Pakistan to float and handle multipurpose Modaraba Funds. The Company was amalgamated on June 5, 2014 with an authorized and paid-up capital of PKR 300 million and PKR 105 million, respectively, as a exclusively maintained subsidiary of Pak Brunei Investment Company Limited (“Pak Brunei”).

The formation of a Modaraba Management Company (MMC) is predictable to interpret into important financial assistances for its shareholders and investors in the Modaraba funds. Modarabas deal a competently benefit from structure, capable of raising funds from multiple markets; shared with tax exemptions, make them attractive vehicles to cope attentive investment plans that are approachable to client requirements although bringing long-term value for Modaraba certificate holders.

AMML will play a pivotal role in the financial development and growth of Pakistan by offering a variety of advisory services and financial care, through Shari’ah compliant methods; to sustainable projects in high growth, capital starved sectors of the economy.

AMML purposes to be at the vanguard of modernization in modaraba management services, proposing the viable solutions to our customers, importance to our shareholders and modaraba investors, added with a challenging, equal opportunity environment to our employees.

Posted Date:

June 9, 2024

Category/Sector:

Investing/Consulting

Job Duties/Responsibilities:

Handle all financial concerns comprising Loan & Lease portfolio, tax compliance relating to the business.
Management of Finance team subordinates and their responsibilities on a regular basis.
To make sure actual system of reporting to the upper management, Board of Directors and related authorities (including regulators).
Working together with the external auditors in completion of the statutory financial accounts and in decision of their report to propose true and fair view.
In connection with the internal auditors in their assessment and reply to their observation for forward submission to the Audit Committee.
To working together with other departments of the parent company in release of their accountability relating to the Business.
Provide support to CEO in decision making on all financial concerns.

Eligibility Criteria:

Candidate must have CA/ ACCA/ ICMA qualified preferred or post graduate degree in finance recognized and approved by HEC.
At least have 5-10 years of managerial experience in fields of audit/ accounting/ managing financial/ corporate affairs roles of a company.
Income tax ordinance, tax-related compliance, SBPs/ SECPs prudential regulations comprising Companies ACT 2017, Code of Corporate Governance, sales tax etc.
Policy Creation and Process development Skills.
Comprehensive thoughtful of International Financial Reporting Standards (IFRS) and other pertinent Regulations and Laws.

Salary:

Market Competitive

Department:

Accounts/ Finance

Location:

Karachi, Pakistan

Job-type:

Full-Time

How to Apply:

Candidate who are interested can apply at careers@pakbrunei.com.pk with having mention the post desire to apply for in email subject.

We have faith in diversity of workplace and all-encompassing working environment. Applicants from all social backgrounds & ethnic culture are welcome to apply. Only short-listed applicants will be informed.

What does Job Meaning?

Job is considered to be the most common activity in the world. Although, it is the way to perform task against getting payment to meet expense to their survival. More, it can be understood through employee and employer perspective. Employee is the person who is liable to perform task allocated by the employer at the time of agreement of employment in exchange an employee collects wages, salary, and other reward as their income. Although, Jobs includes varieties and diversification in term of blue collar and white collar jobs. Further, Multiple Jobs available in different industries includes Manufactory, IT Services, Wholesale, Retail, Consulting, Healthcare, Education, Finance, Accounts, etc. More, Jobs type may be involve permanent, temporary and contract with full-time or part-time which will be decide by mutual consent of both parties. On the other hand, Jobs have advantages and disadvantages respectively. Moreover, below are mentioned some most significant advantages and disadvantages of jobs.

Some Are The Important Job Advantages:

Following are the important Job advantages:

Skills Growth:

Skills growth playing pivotal role in your Job because job have teach and prepare you with great skills and learning through experience, mentorship etc. More, job entails countless opportunities to grow, sharp, excel and develop your exceptional skills which can be beneficial for professional career growth. Experience and mentorship are the great source to develop your skills through it.

Social Communication:

Job offers countless opportunities includes interact with subordinates, create professional networks among other employees, exchange your business cards among employees and build social connections helps to enhance and advance your career far beyond the expectations. As an employees, individual has to work together to achieve a common missions of companies.

Organized Routine:

Jobs builds structured routine which makes you punctual and teaches work life balance. Although, it is easy to maintain balanced in your work and life. Jobs align employee in such way to reach office on time, perform duties & responsibilities on time, appear in meetings before time and leave office on time to spend time family.

Financial Solidity:

Jobs makes you capable of generating income to maintain financial stability as well as security. Moreover, Jobs provides receiving salary on time which impacts to reduce dues for the employee although salary ranges are directly effects your financial stability because as much as high salary employee you are so more financial stability to maintain.

Gains in Job:

Benefits plays significant role in employee life. Further, Jobs provides many benefits such as bonuses, paid leaves, health insurance, spouse insurance, provident fund, gratuity, retirement plans, annual leaves, and yearly promotions but most of the benefits relay on your designation because in many companies benefits categorized by the designations or positions of employees in their companies such as manager benefits more better than assistant manager.

Career Development:

Every job come up with the great responsibility. Further, Job entails many chances of opportunities for career growth effected by promotions as employee performance. More, career progression process depend on the companies’ policies but most of the companies promote their employees on annual basis or there are rare chances of getting promotion if the company is able find right candidate for their current position so this case junior level position employees get promotion before the end of the year.

Some Are The Important Job Dis-Advantages:

Following are the important job disadvantages:

Lack of Interest:

This type of disadvantage is the most common factor in the industry. Further, some jobs aren’t excite employee and aren’t close to an individual’s interest, morals and ethics which type of job create lack of interest and happiness with the job. In Pakistan, it actually common practice perform by the many graduates due their lack of guidance, their university reputation, individual background etc. Although, even you a get job but you aren’t satisfied because of low salary but your expense are much higher than offered salary. As Saying, you can’t enjoy your job until or unless you love your job because if you like your job it will be the feeling flying over the moon and you are sure to deliver best effort you can offer.

Job Uncertainty:

Job uncertainty impact individual life effectively specially in the time of economic crises. Moreover, many employee are losing their jobs without any prior notice along not getting paid on time. Therefore, it create adverse effect over employee mental health during economic crises and it is difficult to jump on over other job immediately when jobs aren’t available easily.

Restricted Creativity:

It is considered to be the major issue in job market. More, some jobs contains strict processes, techniques and protocols which can restrain employee creativity. Further, it happens due to envy, office politics, referral employee, and manager pressure. However, this type of office culture exist and maintain by the abundance of companies in every industry even well reputed companies exploit this paradigm over employees.

Manipulative Pressure Task:

It creates employee life extremely terrible due to unbalance life, unstable mental health and insensitive health issues. Further, it is mostly in different industries for employee to find peace but rare to find out because burden to complete the task on time whether to spend time till late night in office with or without taking dinner. Although, employee fails to reach objectives makes pressure or working with problematic and tough managers and subordinate can turn happiness into stress.

Workplace Harassment:

Workplace harassment quite common in companies like multinational and local too but they are struggling to solve this issue because it’s hard to tackle. Moreover, it is performed and done by upper management or important position holders such as executive, managers, directors, chief financial officer, chief executive officer, chief operating officer, chief technology officer etc. Although, it happens due to they are willing to hold and control employee those who are working for them especially female employees suffer this a lot in any industry all around the world. Sometimes, harassment convert more severe in case of female employee by employer such as manager demand special favor to increase female employee appraisal even she deserves it but won’t get it. That’s why most of companies are losing their valuable and precious assets due harassment culture in workplace.