Finance Officer
AIIT SOLUTIONS
Full Time
Rawalpindi
Posted 1 year ago
Job Description:
We are seeking a dedicated Finance Officer to join our finance team. The Finance Officer will play a pivotal role in managing financial transactions, maintaining accurate records, and ensuring compliance with financial policies and regulations. The ideal candidate should have a strong attention to detail, excellent organizational skills, and a solid understanding of financial principles.
Responsibilities:
- Process and record financial transactions, including accounts payable and accounts receivable entries.
- Reconcile bank statements and monitor cash flow to ensure proper fund management.
- Managing the budget, prepare financial reports, and ensure that all financial transactions are conducted legally and ethically.
- Maintain accurate and up-to-date financial records, ledgers, and accounting databases.
- Prepare and verify financial documents such as invoices, bills, and receipts.
- Assist in the preparation of financial reports, budgets, and forecasts.
- Monitor and track expenses, highlighting discrepancies and recommending cost-saving measures.
- Assist in month-end and year-end financial close processes.
- Ensure compliance with financial regulations and company policies.
- Assist in the development and improvement of financial procedures and controls.
- Provide support during financial audits and reviews.
- Respond to financial inquiries and provide information to internal and external stakeholders.
- Mediating tax refunds and ensuring transparency in the allocation for valid claims.
- Following up on outstanding refunds, false claims, and unclaimed refunds.
- Providing auditors with all records, documents, and files about VAT returns, VAT settlements, and transactional data.
- Collaborate with cross-functional teams to ensure financial data accuracy and consistency.
- Stay updated on financial regulations, accounting principles, and best practices.
- Perform ad-hoc financial tasks and projects as assigned.
- Work closely with other departments, such as procurement, sales, or operations, to gather financial information, support financial decision-making, and provide financial insights. Develop effective communication and collaboration skills.
- Prepare various monthly reports to analyse business financial health, including sales reports, profit and loss statements, general ledger entries, goods received notes, and goods issued notes.
Qualification and Experience:
- BCom and 1 to 2 years of experience in financial roles, with a preference for experience in accounting or finance.
Skills Required:
- Solid understanding of financial principles, accounting concepts, and financial reporting standards.
- Proficiency in using financial software and Microsoft Office applications, particularly Excel.
- Strong attention to detail and accuracy in financial record-keeping.
- Effective communication skills, both written and verbal.
- Ability to work independently and collaboratively in a team.
- Excellent organizational and time management skills.
- High level of integrity and commitment to maintaining confidentiality.
- Knowledge of relevant financial regulations and compliance requirements is a plus.
- Good interpersonal skills.