Job Opportunity at The Urban Unit: Hiring “Chief Financial Officer”

February 1, 2025 Admin

Exciting Job Opportunity at The Urban Unit.
The Urban Unit was established in 2005 as a Project Management Unit (PMU) of the Planning and Development Department under Government of the Punjab. In 2012, the PMU was transformed into an independent private sector company, registered with the Securities and Exchange Commission of Pakistan (SECP), and is fully owned by Government of the Punjab. The Urban Unit is looking for the services of exceptionally sound and self-motivated professional for the position of “Chief Financial Officer”.
Details are as follows:

Position: Chief Financial Officer

No. of Positions: 01

Employment Status: Contract

Gender: Both

Age: 18 – 50

Qualification and Experience:

ACMA/CA/ACCA or a member of any other recognized body of professional accountants with at least 05 years relevant experience, in case of Public Sector Companies having total assets of five billion rupees or more

OR
A person holding a master degree in finance from an HEC recognized University with at least 10 years of relevant experience in case of other Public Sector Companies

Job Description:

The CFO Shall supervise all accounting and finance related activities of the Urban Unit and will head the Finance and Accounts Department.
The CFO shall be responsible for ensuring that appropriate books of accounts and financial records are maintained and an effective system of internal financial control in implemented.
The CFO shall coordinate with all regulatory authorities and external parties such as Securities and Exchange Commission of Pakistan, Federal Board of Revenue, Auditor General Officer, Employee Old-Age Institution, Punjab Revenue Authority, Banks, etc. for finance and accounts related activities.
The CFO shall coordinate with the internal, external, government and other regulatory auditors (FBR, PRA, etc.) ensuring the auditors are completed in a smooth and timely manner and issues are swiftly resolved.
The CFO shall ensure adequate controls are in place and substantiating documentation is approved and available such that all transactions are fairly, transparently, accurately and correctly recorded and reflected.
The CFO shall supervise the preparation of statutory and management financial reports along with budgets and periodic rolling forecasts.
The CFO must authenticate and verify the accuracy of all vouchers/ payments and maintenance of statutory books of records: accounts, ledgers, cash books, fixed asset registers, etc.
The CFO shall maintain day-to-day financial controls of the organization and ensure all finances are properly administered and monitored. He/ she will also design internal policies and procedures within the finance, accounts and procurement functions along with monitoring their implementation and adherence.
The CFO shall ensure timely and accurate deductions / deposits of applicable taxes, filling of returns and maintenance of tax challans against receipts.
The CFO shall maintain a computerized accounting which approximates to the needs of the company and authenticate every journal entry to ensure the entry made in the system is against the correct heads of accounts.
The CFO shall responsible for ensuring the appropriate advice is given to the Board on all financial matters, for keeping proper financial records and accounts, and for maintaining an effective system of internal financial control.
The appointment, remuneration, terms and conditions of employment of the CFO shall be approved by the Board of Directors. The CFO shall not be removed except with the approval of the Board.
The CFO shall attend all the meetings of the Board, unless such meeting or a part thereof involves consideration of an agenda item relating to him/ her or the Chief Executive Officer or any other Director.
The CFO will be required to attend all audit committee meetings at which items relating to accounts and audit are discussed and to present the financial statements to the audit committee and the Board for consideration and approval, before the same are issued and circulated.
The role of Company Secretary may be merged with the role of Chief Financial Officer, subject to approval of the Board. In the absence of Company Secretary, the Chief Financial Officer shall take acting charge till a new appointment is made.