Finance Officer - Female

About the Company:

The client's goal is to build long-term relationships and become one of the most trusted names in Pakistan's capital markets.

Role Overview – Finance Officer

Key Responsibilities

• Financial Accounting & Reporting
• Oversee maintenance of books of accounts in accordance with International Financial Reporting Standards and company policies.
• Supervise general ledger management and financial recordkeeping.
• Prepare and review monthly, quarterly, and annual financial statements.
• Monitor revenue recognition, brokerage income, expenses, and financial performance.
• Ensure timely financial closing and preparation of management reports.
• Client Accounts & Trade Reconciliation
• Supervise reconciliation of client trading accounts and broker ledgers.
• Review daily reconciliation of trades and settlements with clearing reports.
• Monitor margin accounts, client exposures, and receivables.
• Ensure accurate recording of brokerage income and settlement transactions.
• Clearing & Settlement Oversight
• Monitor settlement obligations, clearing balances, and margin requirements with National Clearing Company of Pakistan Limited.
• Reconcile participant and custody reports with Central Depository Company of Pakistan records.
• Ensure proper documentation and control over settlement and clearing activities.
• Coordinate with operations and compliance teams to resolve settlement discrepancies.
• Regulatory Reporting & Compliance
• Ensure compliance with capital adequacy requirements and financial reporting standards.
• Implement and maintain financial controls aligned with regulatory guidelines.
• Coordinate regulatory inspections and internal/external audits.
• Oversee the preparation and submission of regulatory reports to:
• Securities and Exchange Commission of Pakistan
• Pakistan Stock Exchange
• National Clearing Company of Pakistan Limited
• Banking & Treasury Management
• Oversee daily bank reconciliations and treasury activities.
• Manage client segregated bank accounts in accordance with regulatory requirements.
• Approve payment vouchers, fund transfers, and settlement payments.
• Maintain relationships with banks and financial institutions.
• Taxation & Statutory Compliance
• Oversee the preparation and filing of withholding tax, sales tax, and corporate tax returns.
• Ensure compliance with applicable tax regulations.
• Liaise with tax advisors and authorities on tax matters.
• Team Management & Process Improvement
• Supervise finance and accounts staff and review their work.
• Strengthen internal controls, financial processes, and reconciliation procedures.
• Provide financial insights to management for decision-making.
• Identify opportunities for automation and efficiency in financial operations.

Technical Skills (The "Hard" Requirements)

• Regulatory Mastery: Deep understanding of SECP Securities Brokers Regulations, PSX Rulebook, and NCCPL/CDC operational procedures.
• Capital Adequacy: Hands-on experience calculating Liquid Capital (LC) and Net Worth according to regulatory formulas.
• Segregated Accounting: Proven ability to manage and audit Client Segregated Bank Accounts to ensure zero co-mingling with House funds.
• Settlement Reconciliation: Expertise in reconciling trade data between the Back Office system, NCSS (NCCPL), and CDS (CDC).
• Taxation Expertise: Proficiency in Capital Gains Tax (CGT), Withholding Tax (WHT) on trades, and Provincial Sales Tax (SRB/ PRA).
• IFRS Compliance: Advanced knowledge of financial reporting standards, specifically $IFRS\ 9$ (Financial Instruments).

Professional Traits (The "Soft" Requirements)

• Extreme Detail-Orientation: A "zero-error" mindset necessary for managing high-volume trade settlements and decimal-sensitive brokerage data.
• Audit-Readiness: Experience leading or managing Joint Inspection Team (JIT) audits and annual System Audits.
• Ethics & Integrity: A clean professional record, given the fiduciary responsibility over client assets.
• Process Automation: A proactive approach to replacing manual Excel-based reconciliations with automated system workflows.

Crisis Resilience: The ability to remain calm and accurate during high-volume market days or "T+2" settlement deadlines.

Other Details:
Experience: 2 years
Location: Karachi

Job Type: Full-time

Work Location: In person