Financial Controller

Technical Competencies:

1. Financial Reporting & Compliance

• Strong knowledge of International Financial Reporting Standards (IFRS).
• Expertise in SBP Prudential Regulations for microfinance banks.
• Experience in preparing and reviewing financial statements in line with Companies Act 2017 and Microfinance Prudential Regulations.
• Understanding of taxation laws applicable to microfinance institutions (Income Tax Ordinance 2001, Sales Tax Act, and withholding tax regulations).

2. Budgeting, Forecasting & Financial Planning

• Developing annual budgets, forecasts, and financial models.
• Conducting variance analysis and tracking financial performance against KPIs.
• Implementing cost control measures and optimizing operational efficiency.

3. Microfinance & Banking Operations Knowledge

• Understanding loan portfolio management, provisioning, and write-off policies.
• Knowledge of deposit mobilization strategies and regulatory requirements for deposit-taking MFBs.
• Familiarity with interest rate risk management and loan pricing strategies.

4. Technology & Systems Proficiency

• Experience in Core Banking Systems like Temenos T24.
• Strong command of Microsoft Excel, including financial modeling, pivot tables, and Power BI for reporting.
• Understanding of SSRS reports for MIS development and financial insights.

5. Audit & Regulatory Liaison

• Coordinating with external auditors (Big Four preferred) for annual audits.
• Ensuring regulatory reporting to State Bank of Pakistan (SBP), SECP, and FBR.

General Skills Match:

1. Leadership & Team Management

• Ability to lead and develop the finance team.
• Providing guidance on financial best practices and compliance matters.

 2. Strategic Thinking & Decision-Making

• Aligning financial strategies with business objectives for sustainable growth.
• Analyzing market trends and financial risks to support executive decisions.

 3. Communication & Stakeholder Management

• Engaging with Board of Directors, senior management, investors, and regulatory bodies.
• Presenting complex financial data in a clear and concise manner.

 4. Problem-Solving & Analytical Skills

• Ability to diagnose financial issues, such as reconciliation errors, system mismatches, and regulatory non-compliance.
• Strong analytical mindset to assess financial trends and operational efficiency.

 5. Adaptability & Change Management

• Navigating financial challenges, such as migration issues in Core Banking Software.
• Adapting to regulatory changes and evolving financial frameworks.

 6. Ethics & Integrity

• Upholding transparency, accountability, and ethical financial practices.
• Ensuring compliance with corporate governance principles.