About the job Finance Officer | On-site (Karachi) | PKR - Tax-free Salaries
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
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