Job in PPF
Published Date:
24-03-2024
24-03-2024
Last Date to Apply:
22-04-2024
22-04-2024
Department:
Finance
Finance
Designation:
Chief Accounting Officer
Chief Accounting Officer
Locations:
Lahore
Lahore
Provinces:
Punjab
Punjab
Newspaper/Source:
www.ppf.gop.pk
www.ppf.gop.pk
Table of Contents
Job Overview
Accounts / Finance:
• Ensures compliance of statutory requirements including but not restricted to:
• Punjab Pension Fund Act, 2007.
• Punjab Pension Fund Rules, 2007
• Investment Policy
• Trust Deed
• Companies Act, 2017
• Income Tax Ordinance, 2001
• International Financial Reporting Standards
• Code of Corporate Governance
• Supervises preparation, implementation and monitoring of Annual Budgets.
• Ensures timely preparation of monthly, quarterly, half yearly and annual Financial Statements and presents the same to the General Manager, Accounts, Audit/Compliance Sub-Committee and Managing Committee.
• Gets Financial Statements audited by external auditors and liaisons with regulators, tax consultants and outside agencies.
• Implements effective internal control procedures as required by the Audit Committee.
• Ensures filing of Income Tax returns on timely basis and deals with Income Tax authorities.
• Prepares Accounting, Operations and Procurement Manuals and ensures their compliance.
• Reviews Total Assets Position on daily basis.
• Approves all vouchers, journal vouchers, authorizes all payments and ensures that all expenses incurred are for the purpose of Fund’s operations.
• Signs all cheques and instructions to Trustee as a first signatory to ensure authenticity of payment.
• Reviews monthly payroll and authorizes for payment.
• Obtains approval from Accounts, Audit/Compliance Sub-Committee and Managing Committee for acquisition and disposal of fixed assets.
• Ensures smooth running of accounts department to facilitate efficient conduct of book keeping function.
• Ensures accuracy of data on accounting application, access of data to authorized users and its backup on periodic basis.
• Co-ordinates with software consultant in all matters of implementation, modifications etc. in terms of the Agreement.
Back Officer Operations/Settlements:
• Co-ordinates with Trustee and ensure compliance of Trust Deed.
• Ensures timely preparation of settlement instructions by Back Office.
• Ensures that Back Office co-ordinates with Trustee for execution of settlement instructions.
• Ensures that securities are received physically / electronically by Trustee before payment is made by Trustee while executing a purchase transaction.
• Ensures that payment is received by Trustee before delivery of security is made by Trustee while executing a sale transaction.
• Co-ordinates with banks, issuers etc. and ensures timely receipt of profit/dividend on Fund securities.
• Keeps a track of all securities held by the Fund.
• Prepares Back Office Operations Manual and ensures its compliance.
Secretary to the Accounts / Audit & Compliance Sub-Committee:
• Convenes meetings of the Managing Committee and its Sub-Committees, issues notices and confirms receipt of notices from Members.
• Prepares Working Papers of all meetings and sends them to Members before the meeting.
• Co-ordinates with Members for their travel, lodging and boarding requirements.
• Makes available all logistics on the meeting date.
• Attends meetings to take minutes.
• Prepares minutes of all meetings and sends them to Members as required by the Act and the Rules of the Fund.
• Attends to all secretarial work of the Fund.
General:
• Ensures that proper records are maintained in the department.
• Signs / approves documents for all departmental correspondence.
• Performs any other work assigned by the General Manager.
• Ensures compliance of statutory requirements including but not restricted to:
• Punjab Pension Fund Act, 2007.
• Punjab Pension Fund Rules, 2007
• Investment Policy
• Trust Deed
• Companies Act, 2017
• Income Tax Ordinance, 2001
• International Financial Reporting Standards
• Code of Corporate Governance
• Supervises preparation, implementation and monitoring of Annual Budgets.
• Ensures timely preparation of monthly, quarterly, half yearly and annual Financial Statements and presents the same to the General Manager, Accounts, Audit/Compliance Sub-Committee and Managing Committee.
• Gets Financial Statements audited by external auditors and liaisons with regulators, tax consultants and outside agencies.
• Implements effective internal control procedures as required by the Audit Committee.
• Ensures filing of Income Tax returns on timely basis and deals with Income Tax authorities.
• Prepares Accounting, Operations and Procurement Manuals and ensures their compliance.
• Reviews Total Assets Position on daily basis.
• Approves all vouchers, journal vouchers, authorizes all payments and ensures that all expenses incurred are for the purpose of Fund’s operations.
• Signs all cheques and instructions to Trustee as a first signatory to ensure authenticity of payment.
• Reviews monthly payroll and authorizes for payment.
• Obtains approval from Accounts, Audit/Compliance Sub-Committee and Managing Committee for acquisition and disposal of fixed assets.
• Ensures smooth running of accounts department to facilitate efficient conduct of book keeping function.
• Ensures accuracy of data on accounting application, access of data to authorized users and its backup on periodic basis.
• Co-ordinates with software consultant in all matters of implementation, modifications etc. in terms of the Agreement.
Back Officer Operations/Settlements:
• Co-ordinates with Trustee and ensure compliance of Trust Deed.
• Ensures timely preparation of settlement instructions by Back Office.
• Ensures that Back Office co-ordinates with Trustee for execution of settlement instructions.
• Ensures that securities are received physically / electronically by Trustee before payment is made by Trustee while executing a purchase transaction.
• Ensures that payment is received by Trustee before delivery of security is made by Trustee while executing a sale transaction.
• Co-ordinates with banks, issuers etc. and ensures timely receipt of profit/dividend on Fund securities.
• Keeps a track of all securities held by the Fund.
• Prepares Back Office Operations Manual and ensures its compliance.
Secretary to the Accounts / Audit & Compliance Sub-Committee:
• Convenes meetings of the Managing Committee and its Sub-Committees, issues notices and confirms receipt of notices from Members.
• Prepares Working Papers of all meetings and sends them to Members before the meeting.
• Co-ordinates with Members for their travel, lodging and boarding requirements.
• Makes available all logistics on the meeting date.
• Attends meetings to take minutes.
• Prepares minutes of all meetings and sends them to Members as required by the Act and the Rules of the Fund.
• Attends to all secretarial work of the Fund.
General:
• Ensures that proper records are maintained in the department.
• Signs / approves documents for all departmental correspondence.
• Performs any other work assigned by the General Manager.
How to Apply
website www.ppf.gop.pk/careers
The above positions are being offered on 3-year contract basis under employment of the Fund. The contract may be renewed on the basis of satisfactory performance. Upper age limit for the post of Chief Accounting Officer is 50 years and for all other vacancies is 45 years on the date of application.
Candidates may send their resumes not later than 22nd April, 2024, via email at info@ppf.gop.pk
The above positions are being offered on 3-year contract basis under employment of the Fund. The contract may be renewed on the basis of satisfactory performance. Upper age limit for the post of Chief Accounting Officer is 50 years and for all other vacancies is 45 years on the date of application.
Candidates may send their resumes not later than 22nd April, 2024, via email at info@ppf.gop.pk
Expected Salary
Confidential
Eligibility
Chartered Accountant (ICAP) / Cost and Management
Accountant (ICMAP) / MBA with overall experience of 10
years. 5 years post qualification experience of senior
management level in a bank or development finance institution
or modaraba or non-banking finance company.
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