Financial Reporting Analyst

MONTH/YEAR-END CLOSING ACTIVITIES

• Working with Asia Pacific DSR and replying to DSR queries on monthly, quarterly and annual results
• Coordinate MEC related activities including Flash updates to MEC Coordinator
• Execute MEC tasks where required
• Overall & segmented P&L and balance sheet on timely basis
• Prepare month-end reporting related work files: volumes, trial balance, misc income break up, earnings; total company and segmented, comparison actual vs forecast
• Ensure all (month, qtr., annual) internal & DSR reports are submitted as per deadline with high level accuracy
• Ensure all internal & DSR queries are promptly replied
• Prepare accounts reconciliation for Retained Earnings, Re-Class accounts & GAAP/STAT reconciliation
• Develop Finance business Plan for Pakistan
• Prepare & submit SUI template for month, Hitlist Provide support to external auditors; provide trial balance, details of miscellaneous income heads for compilation of Financial statement.
• Submission of Commentary Template meeting deadline
• Forecast Template
• Quarterly Additional Information as per regional requirement
• Preparation of volume, margin & earnings analysis
• Tax allocation to BUs on MPR adjustments
• Execute reports for the change of year and close of fiscal year at year end.
• Year-end Accruals are processed after receiving required approvals from the Business Units.

Opex Related Vendors Bills Processing-Assigned Categories

• Review & process all payments against non-Investment Purchase/Service orders’ and Non-purchase/service orders’ invoices.
• Determining corporate and tax filer status of the vendors from online portal of the Federal and provincial tax authorities for each invoice to determine that the correct sales tax has been charged, the amount of sales tax that is claimable and the amount of income tax that is required to be deducted (based on the various withholding tax rates available in the law)
• Ensuring that correct tax deductions (sales tax withholding and income tax withholding) are made for payments made to vendors and that the various sales tax and income tax are recorded in their respective GLs.
• For PO based invoices, ensuring that the GL codes used are in accordance with the description of the services.
• For each invoice, ensuring that the approvals are in accordance with the authority thresholds of the approving persons.
• Ensuring that the payments are made as per the payment terms of the vendors defined in the system.
• Processing, monitoring & clearing of Advance Payments after ensuring all necessary approvals.
• Processing & monitoring payments against Accruals. Prepaid & Suspense Accounts.
• Handling queries of vendors for the payments.
• Close coordination with the BUs for payments related to contingency payments and deferred marketing,
• Ensuring that the expenses are appropriately adjusted with the contingency payments.
• Coordinating with BUs for any change in vendors’ master data (e.g. payment terms)

ACCOUNTS RECONCILIATION/OTHERS

• Timely reconciling, analyzing and clearing of all GL accounts relevant to my area of work.
• Actively participating in SOX documentation.
• Signing of checks as A-signatory of the company.

Financial Reporting

• Monthly analysis & review of financial performance prior to submission of P&L and Balance Sheet data
• Responsible for the data integrity and validation of data and variance analysis at entity level and on a segmented basis. Ensure that corrective action is taken within month end close to provide correctly segmented financial results.
• Consolidates and provides supplementary financial information as requested for corporate reporting.
• Responsible for monitoring and reporting significant and unique items.
• Submission of monthly, quarterly & annual templates, other information as and when required
• Close coordination with BUs to analyze and explain variation in performance compared to the plan & prior periods with emphasis on quality of explanations including specific business drivers, KPIs etc
• Monthly earnings forecast submission after review of data provided by BUs. Changes, if any, are incorporated in consultation with respective BU
• Ensure that all DSR & DMR reporting guidelines are communicated and complied with, both in Finance and in the BU’s.
• Ensure compliance with US GAAP/GCA reporting standards

Business Planning

• Assist in preparing Finance and HQ Business Plans for Pakistan
• Validate Finance and HQ Business Plans
• Assist BU’s and service units in developing plan assumptions and preparation of their Business plans
• Validate Plan and respond to business plan related queries as required by DSR Asia Pacific

Internal/ Miscellaneous Reporting

• Execute month end tasks for Pakistan
• Assist in preparing financial/plan presentations for Board meetings and other internal meetings as required
• Coordinate and provide information to external auditors for compilation of financial accounts (Global and local currency accounts)
• Comply with all statutory requirements – ensure timely submission of required reports to Government departments

Any task or project assigned by the Supervisor.