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.
- 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.
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.
Notes:
- This a merit based position.
- PIACL is an equal opportunity employer. Female candidates are encouraged to apply.
- 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.
- No Travel Allowance/Daily Allowance (TA/DA) will be admissible for interview.
Abbas