Job Description, KPIs and Qualification & Experience

Position Name: Director Accounts and Finance                                                                                                                                                                    Position Code:   Finance 003

Reports to: DG Finance                                                                                                                                                                                                               Location: HQ Islamabad

Key Responsibilities

• Develop and control the Authority’s annual operating budget to ensure that all financial targets are met and financial and statutory regulations complied with.
• Develop and maintain all necessary systems, policies and procedures to ensure effective and efficient financial management within the Organization.
• Implementing robust financial systems and developing policies and procedures to ensure effective and efficient financial management within the company
• Leading the budgeting, forecasting and planning process
• Controlling all financial and accountancy matters including month end reports, management accounts, cash flow management, statutory accounts, presentation of management information and KPIs
• Monitoring external contracts and services provided by suppliers
• Coordinating corporate finance, debt, taxation, equity and acquisitions
• Develop, implement and evaluate investment strategies / processes along with necessary rules / procedures.
• Support DG Finance in different activities related to financial management, budgeting, reporting, forecasting, analysis, compliance to different statutory requirements, implementation of NEECA rules relating to energy certificates and managing funds, etc., to ensure smooth running of NEECA. 
• Responsible to determine financial strategy and policy, arranging the appropriate funding and managing financial risks in the organization.
• Responsible for developing/supervising development of special purpose reports, analysis, etc., as and when required.
• Support DG Finance in timely collection of the dues; and expediting the issue of non-payment to the Authority in case of non-adherences with respect to collection of outstanding dues by the licensees.
• Support DG finance to manage billion rupees’ investment funds; establish performance goals, allocate resources, and assess policies in order to make recommendations to Managing Director and to the Board Committee and the NEECA board.
• Preparing financial reports and submissions to relevant government entities including tax returns etc.
• Total number of payments made within due time as compared to total requests received
• Propose an annual budget based upon organizational goals and the planned targets of production in the guidance of the DG Finance.
• Managing the financial reporting for the organization. This includes monthly financial reporting, budgeting and forecasting, 5 year financial plans and all statutory financial reporting
• Support DG Finance in performing/supervising activities related to implementation and maintenance of management information system, comprising of different softwares, applications, etc.
• Maintaining and transferring money between bank accounts as required.
• Managing and tracking budget and accounting information including billing, collections, and tax information.
• Develop sound financial management systems in field offices for transparency, compliance and risk management;
• Contribute fully to the development of the organization’s strategy across all areas of the business, challenging assumptions and decision-making as appropriate, and providing reliable financial analysis and guidance on all activities, plans, targets and business drivers.
• Responsible for management of complete record, which may include all official mails originating from outside/inside of the department, files, submissions, evidences, reports, documents, etc.

Key Performance Indicators

• Managing daily cash balances.
• Total number of payments made within due time as compared to total requests received
• Ensuring that cash flows are adequate to allow Organization to operate effectively.
• Forecasting cash payments and anticipating challenges arising from limited cash flow;
• Maintaining our accounts system;
• Preparing and presenting financial reports for meetings.
• Recommend and maintain a system of policies and procedures that impose an adequate level of control over Finance Department activities
• Maintaining and transferring money between bank accounts as required.
• Work with the director to coordinate and supervise daily operations
• Analyzing and monitoring financial proposals, investment plans and tariff proposals of Public Sector Corporate Entities.

Analyzing and monitoring Financial Improvement Plans

Qualification and Experience

• At least Master’s degree in Finance, Accounting, Auditing, business administration or any other relevant field.
• The candidate should have at least 10 years of post-qualification recognized and verifiable experience in the relevant field.
• Maximum age of the candidate should not be more than 45 years on the date of advertisement of this position.