CFO

Job Purpose

The Chief Financial Officer (CFO) will lead the overall financial strategy, financial planning, accounting, taxation, treasury, investment management, and risk management functions of the organization. The role requires a strategic financial leader with extensive experience in construction, infrastructure, and real estate development, capable of managing project finances, optimizing capital allocation, maintaining financial discipline, and supporting sustainable business growth.

2. Key Responsibilities

A. Strategic Financial Leadership

• Develop and execute short-term and long-term financial strategies aligned with the company's business objectives.
• Advise the CEO and Managing Director on financial performance, investment decisions, business expansion, and capital allocation.
• Establish financial policies, internal controls, and standard operating procedures across the organization.
• Evaluate new projects, investment opportunities, and business proposals to assess profitability and financial feasibility.
• Lead financial planning to support business growth, operational efficiency, and long-term sustainability.

B. Financial Planning, Budgeting & Forecasting

• Lead annual budgeting, financial forecasting, and multi-year financial planning.
• Monitor project-wise budgets, BOQs, cost estimates, actual expenditures, and profitability.
• Develop cash flow forecasts to ensure sufficient liquidity for construction activities, contractor payments, procurement, and operational expenses.
• Analyze financial performance against budgets and recommend corrective actions.
• Establish financial models for project feasibility, return on investment, break-even analysis, and scenario planning.

C. Construction & Real Estate Project Finance

• Oversee financial management of residential, commercial, infrastructure, and real estate development projects.
• Monitor project costs, construction expenses, contractor bills, IPC/RA bills, and progress-based payments.
• Evaluate project financing requirements, funding schedules, and working capital needs.
• Coordinate with project management, procurement, and site accounts teams to maintain effective financial controls.
• Assess project profitability, cost overruns, financial risks, and opportunities for cost optimization.

D. Treasury & Capital Management

• Oversee cash management, liquidity planning, banking relationships, and treasury operations.
• Manage bank financing, credit facilities, loans, guarantees, letters of credit, and other funding arrangements.
• Develop strategies for capital structure optimization and working capital management.
• Negotiate financing terms with banks and financial institutions.
• Monitor receivables, payables, debt obligations, and cash utilization across projects.

E. Accounting & Financial Reporting

• Supervise corporate accounting, general ledger, accounts payable, accounts receivable, and financial closing processes.
• Ensure preparation of accurate monthly, quarterly, and annual financial statements in accordance with applicable accounting standards.
• Present consolidated financial reports, management accounts, cash flow statements, and financial performance analyses to senior management and the Board.
• Establish consistent accounting policies and reporting procedures across head office and project sites.
• Oversee implementation and optimization of ERP systems and financial reporting tools.

F. Taxation & Regulatory Compliance

• Oversee corporate taxation, income tax returns, withholding tax compliance, and applicable federal and provincial sales tax obligations.
• Ensure compliance with FBR and relevant provincial revenue authorities, including PRA where applicable.
• Lead tax planning, tax risk assessment, audit coordination, and resolution of tax notices and assessments.
• Monitor changes in tax legislation and evaluate their impact on business operations.
• Coordinate with external tax advisers, auditors, legal counsel, and regulatory authorities.

G. Audit, Risk Management & Internal Controls

• Lead internal and external audit processes and ensure timely resolution of audit observations.
• Establish financial controls to prevent fraud, unauthorized expenditure, financial misreporting, and misuse of company assets.
• Identify and mitigate financial, credit, liquidity, taxation, and project cost risks.
• Review financial procedures relating to procurement, contractor advances, petty cash, inventory, and project expenditures.
• Ensure appropriate financial governance, documentation, and accountability throughout the organization.

H. Team Leadership & Stakeholder Management

• Lead and develop finance, accounts, taxation, treasury, and project finance teams.
• Establish departmental objectives, performance indicators, and reporting structures.
• Coordinate with the CEO, Managing Director, General Managers, project directors, procurement, HR, and legal teams.
• Build and maintain relationships with banks, investors, auditors, tax consultants, and other financial stakeholders.
• Promote financial discipline, accountability, and continuous process improvement.

3. Qualifications & Requirements

• CA / FCA, ACCA, FCMA / CMA, or equivalent recognized professional qualification.
• A Master's degree in Finance, Accounting, or Business Administration may be an advantage.
• 15–20+ years of progressive experience in finance and accounting, preferably in construction, infrastructure, or real estate development.
• Significant experience in a CFO, Finance Director, Financial Controller, or equivalent senior leadership role.
• Proven track record in project finance, financial strategy, budgeting, taxation, treasury, and financial risk management.
• Strong experience managing large project budgets, multi-project cash flows, banking facilities, and finance teams.
• Experience with major construction companies or real estate developers will be preferred.

4. Technical Competencies

• Advanced financial modelling, project feasibility analysis, and investment appraisal.
• Strong knowledge of construction accounting, project costing, BOQs, IPC/RA bills, and cash flow forecasting.
• Expertise in financial reporting, applicable IFRS/IAS standards, and internal controls.
• Strong understanding of Pakistan's corporate taxation and regulatory framework.
• Experience in ERP implementation, financial systems, and management reporting.
• Advanced Microsoft Excel and financial analytics skills.

5. Core Competencies

• Strategic financial leadership and commercial acumen.
• Strong analytical and decision-making capabilities.
• Leadership, negotiation, and stakeholder management.
• High ethical standards and professional integrity.
• Risk assessment and problem-solving.
• Ability to work under pressure and manage competing business priorities.

6. Key Performance Indicators (KPIs)

• Accuracy and timeliness of financial reporting.
• Effectiveness of cash flow and working capital management.
• Project budget adherence and profitability.
• Compliance with applicable tax and statutory requirements.
• Optimization of financing costs and capital utilization.
• Reduction in financial risks, audit observations, and control weaknesses.
• Timely completion of annual budgets and financial forecasts.
• Finance team performance and implementation of process improvements.

Preferred Candidate Profile: A commercially focused finance executive with substantial construction and real estate development experience, strong banking relationships, proven project finance expertise, and the ability to advise executive leadership on financial strategy, investment decisions, and sustainable business growth.

Pay: Rs400,000.00 - Rs500,000.00 per month

Application Question(s):

• How many years of experience do you have in finance, and how many years have you served in a CFO or equivalent executive role?
• Have you developed and implemented a company's overall financial strategy and long-term financial plans?
• Do you have experience in land acquisition feasibility, project investment analysis, and real estate cash flow planning?
• What is your experience with FBR compliance, corporate taxation, tax planning, and statutory audits in Pakistan?
• How do you evaluate whether a company should invest in a new project, obtain financing, or conserve cash?
• What is your notice period, and would you be available to work on-site at our Islamabad head office?

Work Location: In person