DUTIES MANAGER FINANCE

1.
2. 3. 4. 5. 6. 7. 8.

I/C ACCT FIN AND TAXATION MATTERS

APPROVE AND SUPERVISE THE RESPONSIBILITIES AND DUTIES OF FIN & ACCT BRANCH PERSONNEL IMPLEMENT APPROPRIATE INTERNAL CONTROLS. APPROVE THE PERIODICAL FIN STATEMENTS AND OTHER MIS REPORTS. ENSURE COMPLIANCE OF PROCUREMENT PROCESS, LEGAL AND TAX COORD WITH THE COO AND OTHER BRANCHES ON ROUTINE AS WELL AS NONROUTINE ACTIVITIES OF LAFCO. COORD WITH FIN INSTITUTIONS FOR THE MANAGEMENT OF FUNDS. APPROVE FIN ACCOUNTING SYSTEM INCL THE CHART OF ACCT AND ACCT CODES.

DUTIES MANAGER FINANCE

9. 10. 11. 12. 13. 14. 15. 16. APPROVAL OF ALL THE PAYMENTS AND RECEIPT VRS. PREP OF BUDGETS REVIEW THE VARIATION OF ACTUAL EXPENDITURES FROM THE BUDGETED. EXPLORE INVESTMENTS ALTNS PREP OF PAYROLL SHEETS PREP AND SUBMISSION OF REPORTS TO FBR SECP AND HQ FWO RECONCILIATION OF BANK ACCTS RECONCILIATION OF PETTY CASH ACCTS

CHARTER OF DUTIES

ACCOUNT BRANCH
1. IMPLEMENT FINANCIAL ACCOUNTING SYSTEM AND APPROPRIATE INTERNAL CONTROLS ON FINANCIAL TRANSACTIONS / MATTERS. 2. 3. 4. 5. 6. PREPARE PERIODICAL FINANCIAL STATEMENTS AND OTHER MANAGERIAL REPORTS. CONDUCT AND CO-ORDINATE WITH EXTERNAL AUDITORS FOR INTERIM AND ANNUAL FINANCIAL AUDIT OF ALL COMPANIES. PREPARATION OF BUDGETS FOR ALL COMPANIES IN CONSULTATION WITH CHIEF OPERATING OFFICER / PROJECT MANAGER. REVIEW THE VARIATION OF ACTUAL EXPENDITURES FROM THE BUDGETED. SUBMISSION OF FOLLOWING REPORTS TO GOVERNMENT OF PUNJAB: i. ii. iii. iv. STATUTORY AUDIT REPORT UNDER COMPANIES ORDINANCE 1984 SEMI-ANNUAL STATEMENT OF TRANSACTIONS UNDERTAKEN FROM PROJECT ACCOUNTS SEMI-ANNUAL STATEMENT OF TRANSACTIONS UNDERTAKEN FROM PROJECT COLLECTION ACCOUNT MONTHLY STATEMENT OF TRANSACTIONS UNDERTAKEN FROM PROJECT MAINTENANCE / ESCROW ACCOUNT

7.

SUBMISSION OF FOLLOWING REPORTS TO NHA: i. ii. iii. iv. STATUTORY AUDIT REPORT UNDER COMPANIES ORDINANCE 1984 SEMI-ANNUALLY AUDIT REPORT OF PROJECT ACCOUNTS BI-ANNUALLY AUDIT REPORT OF PROJECT COLLECTION ACCOUNT BI-ANNUALLY AUDIT REPORT OF PROJECT MAINTENANCE ACCOUNT

8. 9. 10. 11. 12. 13. 14. 15. 16. 17.

ENSURE COMPLIANCE WITH ALL THE LEGAL, TAX AND CORPORATE MATTERS. VERIFICATION ALL THE REPORTING TO LOCAL AUTHORITIES(E.G INCOME TAX,SALES TAX ETC) AND ENSURE COMPLIANCE WITH SECP IN CONSULTATION WITH COMPANY SECRETARY. DEAL WITH BANKS FOR FINANCING FACILITIES AND DEPOSITS IN CONSULTATION WITH CHIEF OPERATING OFFICER / PROJECT MANAGER. REVIEW AND VERIFY THE INTEREST CALCULATION ON LOANS. MAINTAINING TOLL COLLECTION RECORDS AND RECONCILE WITH BANKS. PREPARATION AND CHECKING THE PAYROLL SHEET, MONTHLY PAY SLIPS AND EMPLOYEES FINAL DUES ON TERMINATION / RESIGNATION OF ALL THE COMPANIES. PREPARE DEPRECIATION POLICY AND CALCULATE ON FIXED ASSETS ON APPLICABLE RATES. REVIEW THE FINANCIAL MODEL AND ASSIST THE FINANCIAL ADVISOR FOR PREPARATION OF REVISED FINANCIAL MODEL. MAINTAIN CHEQUE BOOKS RECORD. Prepare bank reconciliation report at the end of each month.

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PREPARE STATEMENT OF TAX DEDUCTED AT SOURCE FROM SUPPLIERS, EMPLOYEES AND DEPOSIT INTO GOVERNMENT TREASURY. PREPARE AND FILE I. TAX RETURNS. PREPARE AND FILE MONTHLY I. TAX STATEMENT. PREPARE AND FILE SALES TAX RETURN. APPROVAL OF ALL THE PAYMENTS AND RECEIPT VOUCHERS.

19. 20. 21. 22.

23.
24.

ACKNOWLEDGE THE AMOUNT RECEIVED FROM THE SHAREHOLDERS AND LENDERS.

REVIEW THE INVESTMENT ALTERNATIVES, MAKE RECOMMENDATIONS AND OBTAIN THE APPROVAL FORM THE CHIEF OPERATING OFFICER / PROJECT MANAGER.

25.

ENSURING CONSTANT REVIEW OF POLICIES AND PROCEDURES AND COMMUNICATING SUGGESTED CHANGES TO THE PROJECT MANAGER.