PIA Gives Advertisement to Hire Chief Financial Officer (CFO)

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PIA Gives Advertisement to Hire Chief Financial Officer (CFO)

Post by Abbas Ali »

Advertisement in January 26 newspaper:

Career Opportunity

Chief Financial Officer (CFO)


Pakistan International Airlines, the national airline of Pakistan, is implementing its focused revival strategy to steer the company on path of growth and success.

The airline needs a highly experienced, dynamic and passionate professional to become part of our team. In this regard, applications are invited from Pakistani nationals only (no dual nationality) for the position of Chief Financial Officer (CFO).

Qualification
  • A member of recognized body of professional accountants.
  • Chartered Accountant (CA) or cost and management accountant.
Key Competencies
  • Work experience both at domestic and international level in commercial/corporate finance.
  • Well versed with local/international tax laws covering corporate and government taxation.
  • Experience in generating financial reports, handling affairs related to banks, treasury management and audit compliance & control.
  • Strategic thinker with strong financial & business acumen.
  • Knowledge of regulatory environment will be added advantage.
  • Proven experience and ability to oversee and direct a large corporate finance department which included but may not be limited to financial control, treasury, planning & budgeting, revenue account/accounting and risk management.
  • Should have worked in Big Four audit firm.
  • Strong analytical and negotiation skills.
  • Strong communication skills (written and verbal).
  • Ability to make decisions in complex environment.
  • Strong team player with the ability to build and maintain collaborative working relationships.
  • People manager who has strong leadership skills with ability to read, motivate and coach team members.
  • Professional individual with strong business ethics & personal integrity.
Work Experience

Minimum 20 years post-qualification experience in finance, of which preferably, 05 years at a senior position in a large commercial/public sector organization. Preference will be given to aviation industry experience.

Job Responsibilities
  • Establish effective budgeting policies and procedures and direct the annual preparation of operating and capital budgets.
  • Establish policies and procedures to produce a clear and accurate reports for top management, as a means of real time monitoring of various financial indicators.
  • Establish effective capital budgeting and project evaluation techniques, to be used in annual budgeting and continuous project analysis.
  • Assist top management in reviewing all financing and financial matters.
  • Assist corporate planning by supplying accounting data, yield standards, load factor standards, budget assumptions etc. as required.
  • Determine long range capital requirements and negotiate loans and finances with banks.
  • Direct through the efforts of subordinates, the accurate maintenance of PIACL's books of account, ensuring that professional standards are being met, adequate financial controls are in place, reports are accurate and meaningful and procedures are efficient.
  • Ensure that PIACL is optimizing its corporate tax liabilities while adhering to tax statutes in all countries where returns must be filed.
  • Ensure that PIACL's insurance coverage is adequate for potential liability risk or loss of property.
  • Monitor, as required, processing and systems development work undertaken by IT department on behalf of the finance department.
  • Ensure that payroll processing is accurate and timely.
  • Budget for and, once approved, control finance department expenditures against the budget during the course of the year.
  • Propose changes in the department's organization structure as appropriate.
  • Coordinate with other departments, particularly commercial and supply chain management where financial matters are important.
  • Ensure that all PIAC/regulatory applicable rules and standards are observed in the department in order to ensure compliance of all the financial and quality audits of regulatory bodies.
Age: Not more than 55 years as on last date of advertisement.

Notes:
  1. This a merit based position.
  2. PIACL is an equal opportunity employer. Female candidates are encouraged to apply.
  3. Selected candidates will be given employment on contract basis for a period of two (02) years, which may be extended, and will be offered market based salary and fringe benefits.
  4. No Travel Allowance/Daily Allowance (TA/DA) will be admissible for interview.
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Re: PIA Gives Advertisement to Hire Chief Financial Officer (CFO)

Post by Abbas Ali »

General Manager Asad Abbas since quite time has additional charge of CFO PIA.

Applications are sought from Pakistani nationals (without dual nationality) because in the past appointment of dual nationality holder Asma Bajwa as airline's Chief Human Resources Officer had raised objections.

https://jang.com.pk/news/602516

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Re: PIA Gives Advertisement to Hire Chief Financial Officer (CFO)

Post by Abbas Ali »

Advertisement in March 14 newspaper:

Career Opportunity

Chief Financial Officer (CFO)


Pakistan International Airlines, the national airline of Pakistan, is implementing its focused revival strategy to steer the company on path of growth and success.

The airline needs a highly experienced, dynamic and passionate professional to become part of our team. In this regard, applications are invited from Pakistani nationals only (no dual nationality) for the position of Chief Financial Officer (CFO).

Qualification
  • A member of recognized body of professional accountants.
  • Chartered Accountant (CA) or cost and management accountant.
Key Competencies
  • Work experience both at domestic and international level in commercial/corporate finance.
  • Well versed with local/international tax laws covering corporate and government taxation.
  • Experience in generating financial reports, handling affairs related to banks, treasury management and audit compliance & control.
  • Strategic thinker with strong financial & business acumen.
  • Knowledge of regulatory environment will be added advantage.
  • Proven experience and ability to oversee and direct a large corporate finance department which included but may not be limited to financial control, treasury, planning & budgeting, revenue account/accounting and risk management.
  • Strong analytical and negotiation skills.
  • Strong communication skills (written and verbal).
  • Ability to make decisions in complex environment.
  • Strong team player with the ability to build and maintain collaborative working relationships.
  • People manager who has strong leadership skills with ability to read, motivate and coach team members.
  • Professional individual with strong business ethics & personal integrity.
Work Experience

Minimum 15 years post-qualification experience in finance, of which preferably, 05 years at a senior position in a large commercial/public sector organization. Preference will be given to aviation industry experience. The applicants should have worked in Big-4 audit firms including articleship.

Job Responsibilities
  • Establish effective budgeting policies and procedures and direct the annual preparation of operating and capital budgets.
  • Establish policies and procedures to produce a clear and accurate reports for top management, as a means of real time monitoring of various financial indicators.
  • Establish effective capital budgeting and project evaluation techniques, to be used in annual budgeting and continuous project analysis.
  • Assist top management in reviewing all financing and financial matters.
  • Assist corporate planning by supplying accounting data, yield standards, load factor standards, budget assumptions etc. as required.
  • Determine long range capital requirements and negotiate loans and finances with banks.
  • Direct through the efforts of subordinates, the accurate maintenance of PIACL's books of account, ensuring that professional standards are being met, adequate financial controls are in place, reports are accurate and meaningful and procedures are efficient.
  • Ensure that PIACL is optimizing its corporate tax liabilities while adhering to tax statutes in all countries where returns must be filed.
  • Ensure that PIACL's insurance coverage is adequate for potential liability risk or loss of property.
  • Monitor, as required, processing and systems development work undertaken by IT department on behalf of the finance department.
  • Ensure that payroll processing is accurate and timely.
  • Budget for and, once approved, control finance department expenditures against the budget during the course of the year.
  • Propose changes in the department's organization structure as appropriate.
  • Coordinate with other departments, particularly commercial and supply chain management where financial matters are important.
  • Ensure that all PIAC/regulatory applicable rules and standards are observed in the department in order to ensure compliance of all the financial and quality audits of regulatory bodies.
Age: Not more than 55 years as on last date of advertisement.

Notes:
  1. This a merit based position.
  2. PIACL is an equal opportunity employer. Female candidates are encouraged to apply.
  3. Selected candidates will be given employment on contract basis for a period of two (02) years, which may be extended, and will be offered market based salary and fringe benefits.
  4. No Travel Allowance/Daily Allowance (TA/DA) will be admissible for interview.

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Re: PIA Gives Advertisement to Hire Chief Financial Officer (CFO)

Post by Abbas Ali »

In the new advertisement, the minimum work experience requirement has been reduced to 15 years from 20 years.

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Re: PIA Gives Advertisement to Hire Chief Financial Officer (CFO)

Post by Abbas Ali »

In March 26 newspaper:

Career Opportunity in PIACL

Chief Financial Officer (CFO)

Corrigendum


Reference our advertisement published in newspapers on January 26, 2019, and March 14, 2019, for the position of Chief Financial Officer (CFO).

NATIONALITY:

Para 02 of the same should be read as
"The airline needs a highly experienced, dynamic and passionate professional to become part of our team. In this regard, applications are invited from the eligible candidates for the position of Chief Financial Officer (CFO)".

WORK EXPERIENCE:

The work experience should be read as "Minimum 15 years post-qualification experience in Finance, of which preferably, 05 years' at a senior positio in a large commercial/public sector organization. Preference will be given to aviation industry experience. The applicants, preferably have worked in Big-4 audit firms including articleship".

The applications of those who have already applied against our advertisement published in above referred newspapers shall be considered as per published job specifications and need not to apply again.

All other terms & conditions will remain unchanged.

Last date for receipt of applications will be April 2, 2019.

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Re: PIA Gives Advertisement to Hire Chief Financial Officer (CFO)

Post by TAILWIND »

Thankfully no war course \:D/
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Re: PIA Gives Advertisement to Hire Chief Financial Officer (CFO)

Post by jibran.shahid »

TAILWIND wrote: Wed Mar 27, 2019 5:34 pm Thankfully no war course \:D/
war course is required when the job is of a boss with more privileges and less technical one :D
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Re: PIA Gives Advertisement to Hire Chief Financial Officer (CFO)

Post by Abbas Ali »

Appointment K-Electric official Khalilullah as CFO PIA is expected, according to news sources.

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Re: PIA Gives Advertisement to Hire Chief Financial Officer (CFO)

Post by Abbas Ali »

PIA officially announces appointment of Khalilullah Sheikh as airline's CFO.



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