Lead Manager - Loans and Funds/ Imprest / Imports and Cash & Bank

Sui Southern Gas Company Limited; Karachi Division; On-site; PKR 1,400,000 - 2,000,000; Full time

Job summary

A leading gas company is seeking a Lead Manager for Loans and Funds to manage cash flows, assess financing options, and prepare reports for senior management. Candidates must have a CA/ACMA with 6 years of experience or ACCA/MBA with 9 years, along with functional and team lead experience. This role is essential to ensure financial integrity and maximize liquidity.

Qualifications

• At least 6 years of post-membership experience if CA / ACMA.
• At least 9 years of experience if ACCA / MBA from recognized university.
• Functional and team lead experience of at least 4 years.

Responsibilities

• Assess, monitor, plan and manage cash flows and financing matters.
• Review sources of financing and coordinate with institutions for loans.
• Prepare detailed reports for senior management and Board of Directors.

Skills

Leadership

Financial Analysis

Cash Flow Management

Negotiation

Education

CA / ACMA

ACCA / MBA

Job description

Lead Manager - Loans and Funds/ Imprest / Imports and Cash & Bank

JOB DETAILS:

Qualification & Experience:

CA / ACMA with at least 6 years of post-membership experience

Or

ACCA / MBA from HEC recognized university with at least 9 years of experience

Functional and team lead experience of at least 4 years is mandatory

Responsibilities:

JOB SUMMARY

The main purpose of this position is to assess, monitor, plan and manage the cash flows and company’s financing matters. The incumbent arranges to borrow funds from approved lending institutions in line with the prescribed policy aimed at maximizing liquidity. In addition, the incumbent is responsible to forecast daily / monthly cash requirements and monitor imprest accounts.

JOB RESPONSIBILITIES

• Review, monitor and periodically update sources of financing from lending institutions to finance long-term or short-term projects as needed.
• Initiate funding and coordinate with financing sources such as lending/financial institutions for short-term and long-term financing to meet funds requirements and repayments of acquired loans.
• Review and analyze financing models to assess the most suitable option for financing projects and consider key instruments in evaluating borrowing options such as interest rates, internal rates of return, installment plans, security requirements, Earnings per Share, etc.
• Prepare detailed reports for review and approval by the senior management and Board of Directors.
• Support the management in negotiating loans from financial institutions at the most competitive rates.
• Review running finance accounts reconciliations on a monthly basis; ensure that there are no outstanding debts overdue and settle dues in a timely manner as per loan/debt agreements.
• Review drafts of relevant agenda items for consideration and approval by the Board of Directors (BOD) for disbursement of loans and creation of charges.
• Monitor and assess petty expenses of Cash Offices (H.O, Karachi Terminal, SITE, and Khadeji) after evaluating cash requirements for day-to-day business activity.
• Review Imprest Accounts of Transmission, LPG air mix plant, and Land Compensation and Liaison office – Islamabad; conduct regular reviews for Imprest account reconciliations.
• Monitor processing of daily cheque arrangements and disbursements to contractors / suppliers and employees.
• Review bank reconciliations periodically and resolve outstanding issues; review reconciliation reports generated from ERP – Accounts Receivable module.
• Conduct regular reviews of Imprest statements and payment vouchers.
• Arrange Letters of Credit through designated banks against Purchase Orders / contracts and ensure legal documents and requirements are fulfilled; ensure compliance with the terms and conditions of purchase orders.
• Arrange Letters of Credit (L/Cs) through SSGC’s designated banks against approved foreign purchase orders/ contracts issued by the Procurement Department; ensure that information filled in the L/Cs is accurate and strictly in accordance with the terms and conditions of foreign purchase orders / contracts and ensure the bid is reviewed by the Purchase Committee.
• Review monthly reconciliation of subsidiary accounts maintained in the general ledger including import control account.
• Ensure compliance with the Enterprise Risk Management Framework enforced in the Company while performing job responsibilities and with the Business Principles and Ethics Policy / Code of Conduct.
• Undertake any other task as instructed by immediate supervisor.

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