Finance & Accounts Executive

The Finance & Accounts Executive is responsible for managing day-to-day accounting activities, tax compliance, GST/Sales Tax filings, withholding tax deductions, vendor reconciliations, and maintaining accurate financial records as per Pakistan’s accounting and tax regulations.
The role ensures timely and compliant reporting to FBR, PRA/SRB/KPRA, and supports internal financial accuracy.

This is a critical role ensuring financial accuracy, tax compliance, and organizational risk reduction.

Key Responsibilities

1. Accounting Responsibilities

• Manage daily bookkeeping and maintain general ledger accounts.
• Record vendor invoices, customer invoices, receipts, payments, and journal entries.
• Perform bank reconciliations and monitor cashflows.
• Assist in month-end and year-end closing processes.
• Maintain fixed asset register and depreciation schedules.
• Prepare financial reports (P&L, Balance Sheet, Cashflow, Trial Balance).
• Conduct vendor and customer account reconciliations.
• Monitor accounts receivable aging and assist with collections follow-up.

2. Tax Compliance — Pakistan (FBR, PRA, SRB, KPRA)

• Prepare and file monthly Sales Tax / GST returns for relevant authorities:
• FBR (Federal Sales Tax)
• PRA (Punjab Revenue Authority)
• SRB (Sindh Revenue Board)
• KPRA (Khyber Pakhtunkhwa Revenue Authority)
• Maintain GST input/output registers and reconcile monthly return data.
• Verify and record vendor GST invoices (with STRN verification).
• Monitor tax credits and ensure validity of invoices for input adjustment.
• Prepare monthly withholding tax statements u/s 149, 153, 155, etc.
• Ensure tax deduction at source on all vendor payments (Filer/Non-Filer rates).
• File income tax withholding statements (FBR e-filing).
• Support Annual Income Tax Return and Statement filing for the company.

3. Withholding Tax (WHT) Management

• Ensure accurate WHT deductions on:
• Contracts/services
• Supplies
• Rent
• Salaries
• Vendor payments
• Maintain WHT registers and challans.
• Coordinate payment of WHT on a timely basis.
• Issue withholding tax certificates to vendors and employees.

4. Compliance & Documentation

• Maintain all tax documentation, invoices, challans, PRAL records, PRA/SRB portal records.
• Prepare compliance reports for audits.
• Assist in FBR/PRA/SRB notices, queries, and tax assessments.
• Keep updated with changes in Pakistan’s tax laws and amend processes accordingly.
• Maintain proper filing system for all accounting and tax-related documentation.

5. Coordination & Communication

• Coordinate with auditors for internal and external audits.
• Liaise with tax consultants for complex tax matters.
• Assist departments (HR, Procurement, Operations) in taxation-related requirements.
• Respond to vendor and client queries regarding tax deductions, STRN, WHT certificates, etc.

Required Skills & Qualifications

• Bachelor’s / Master’s degree in Accounting, Finance, Commerce (B.Com, M.Com, BBA, MBA).
• ACCA/CA/ICMA part-qualified preferred.
• 2–5 years of experience in an accounting firm will be preferred
• Strong knowledge of:
• Pakistan Income Tax Ordinance 2001
• Sales Tax Act 1990
• Provincial Sales Tax laws (PRA/SRB/KPRA)
• Withholding tax sections & rules
• Proficiency in accounting software (QuickBooks, ERP, SAP, Oracle) and MS Excel.
• Strong analytical and documentation skills.
• Ability to handle online portals (IRIS, PRA/SRB/KPRA portals).
• Good communication and coordination skills.

Job Type: Full-time

Pay: Rs75,000.00 - Rs80,000.00 per month

Work Location: In person