Assistant Manager Funds

Job Description:Financial ManagementPrepare financial records and the necessary journal vouchers on a daily basis in accordance with IFRS accounting standards to ensure the overall quality and accuracy of accounting information, including the Fund trial balances and other accounting reports.Prepare periodic Bank Reconciliation Statements of all Funds’ accounts.Prepare calculation of profits on Bank Account and Investments.Prepare monthly payroll contribution reconciliation.Prepare Annual Profit Distribution sheets, including its appropriate transfer to Fund Management System under the supervision of Manager Funds.Appropriately update Provident Fund Member Register including.Assist Manager Funds in preparation of monthly and quarterly Financial Statements of the Funds on the timely and accurate manner.Assist Manager Funds for Permanent and Temporary Withdrawals by employees from Provident Fund.Prepare appropriately detailed withdrawal schedules and withdrawal reconciliations.Assist Manager Funds in data preparation, in liaison with HR Department, for Actuarial Valuations for Gratuity Fund.Assist Manager Funds in finalization of Actuarial Valuation reports.Prepare monthly investment schedules and related information.Assist Manager Funds for activities related to meetings of Board of Trustees of HBL MfB Provident Fund Trust and HBL MfB Gratuity Fund Trust.Assist Manager Funds in maintenance of minutes of the meetings of Board of Trustees.Final Settlement ProcessPrepare financial calculations for profit on standard approved rates for leavers.Reconcile transferred profits in final settlements to ensure completeness and accuracy.Prepare calculation of Zakat workings where applicable.Prepare calculation of last (out of payroll) contributions and related deductions.Prepare cheques payable to outgoing employee for final Provident Fund and Gratuity Fund (if applicable) payments with accuracy.Prepare cheques of any outstanding amounts payable to HBL MfB (if applicable).Assist Manager Funds in liaison with related departments for Final Settlement Process.Annual Financial Statements and Audit ManagementAssist Manager Funds in preparation of Annual Financial Statements for HBL MfB Staff Provident Fund Trust and HBL MfB Staff Gratuity Fund Trust in accordance with applications reporting standards, laws, regulations and Trust Deeds, including relevant appropriately detailed notes to the statements.Prepare accurate and complete information as per requisitions.Assist Manager Funds to manage of Annual External Audit exercise.Prepare accurate and complete information as per Internal Audit department’s requisitions.Assist Manager Funds to manage annual/ periodic Internal Audit exercises.Taxation and Other Regulatory ProceduresAssist Manager Funds in filing of Exemption Application for With Holding Tax Exemption Certificate with FBR for Dividends and Profit on Debt.Prepare Zakat working on quarterly basis paid to Government Authority.Prepare accurate annual return on a timely basis.Business Process ImprovementContinuously looking for areas of improvement and development which could lead to achievement of efficiency and effectiveness in business processes, which are not limited to the responsibility core function.Job Specification:2 to 4 years of relevant work experience in reporting, financial statement preparationBachelors or Masters/ Advance degree preferred (Finance, Business administration with concentration in Banking and Finance / financial management) from a reputed university (ACCA qualified preferred)