Hierarchy of Finance Department:

CFO
Noman Ilyas Awan

Management Accountant Financial Accountant

Usama Abrar Manzoor Hussain

Internal Auditor
Ameer Hamza

Management Accountant
Ghulam Hussain

Chief Financial Officer:

The chief Financial Officer (CFO) is the overall head of the finance department. The
CFO reports to the Chief Executive Officer (CEO). The CFO works closely with the sub-
departments to achieve the overall performance targets. The CFO also collaborates with the
Human Resource Manager to ensure that the finance department adequately staffed with
qualified personnel. The CFO is also responsible for approving the financial reports and all the
financial transactions of the entire business before they are forwarded to the top management for
action.

Management Accountant:

The management accountant is the head of the management accounting sub-department and is
the second senior-most individual in the finance department. The management accountant
provides timely, accurate and useful information that enables the top management to make
informed decisions concerning current and future business activities. The management
accountant is also charged with the responsibilities of controlling costs, monitoring cash flows,
preparing budgets, conducting staff appraisal of the sub-department and preparing monthly,
quarterly and annual management reports.

Financial Accountant:

The financial accountant reports to the CFO and is responsible for providing accurate,
timely and useful financial information to support informed decision-making by external users of
the financial reports. The financial accountant is charged with the responsibility of preparing,
interpreting and analyzing financial reports for monthly, quarterly and annual accounting
periods. The financial accountant also responds to queries of external auditors on the final annual
financial reports prior to their publication.

Internal Auditor:

The internal auditor reports to the management accountant and is responsible for
conducting regular analyses of all financial transactions to ensure that there is accountability and
adequate controls to safeguard the assets, revenues and expenditures of the business. The internal
auditor scrutinizes the files and documents for all the transactions of the business to ensure they
are authentic and have been recorded correctly to their respective ledger accounts and the general
ledger. The auditor ensures that the cash register of the organization agrees with bank statements
and raises queries on any discrepancies. The internal auditor also follows up on queries she raises
from her routine internal audit activities and prepares monthly audit reports.

Accounts Clerks:

Accounts clerks are the junior-most members of the accounting department and they
report to the heads of their respective sub-departments. Accounts clerks are charged with the
responsibilities of filing documents, conducting daily reconciliations, processing and dispatching
outgoing invoices, receiving incoming invoices and processing payments for the invoices.
Payroll clerk, accounts payable clerk, accounts receivable clerk and cashier are some of the
common accounts clerk positions in the financial department.