Assistant Manager Finance
Karachi, Pakistan
5d ago

About Coats Coats is the world’s leading industrial thread company. At home in some 50 countries, Coats has a workforce of 17,000 people across six continents.

Coats’ pioneering history and innovative culture ensure the company leads the way around the world. It provides complementary and value added products,services and software solutions to the apparel and footwear industries.

It applies innovative techniques to develop high technology Performance Materials threads, yarns and fabrics in areas such as Transportation, Telecommunications and Energy, and Personal Protection.

Headquartered in the UK, Coats is a FTSE 250 company, a constituent of the FTSE4Good Index Series, a participant in the UN Global Compact and a Networkmember of the Ellen MacArthur Foundation.Accountabilities :

  • Monthly preparation and posting of accruals and prepayments.
  • Support Accounting Manager in monthly Expense analysis.
  • Gather data and prepare Balance Sheet Reconciliation for further review.
  • Prepare / Consolidate detail break up of closing balances in the Balance Sheet.
  • Compilation of Stock Report and Stamp duty data submission.
  • Supervise month end closing Entries, Group Charges, GIT, Sales Tax Provision
  • Prepare Bank Reconciliations and Coordinate with the bank for resolving any issues. Bank GLs knocking, Bank upload
  • Recording of Bank Charges and any related FED.
  • E-Treasury team portal update.
  • Maintaining fixed asset register and processing all additions, transfers and disposals. Workout capex cash and creditors for monthly closing.
  • Supervise monthly depreciation Run

  • Assist in ensuring timely tagging of additions and support the cyclical asset count.
  • Responsible for Monthly depreciation posting, coordinate with other departments to ensure all additions to assets / AUC are booked on a timely basis.
  • Work out and reconcile capex cash & capex creditors for reporting purposes.

  • Get all capex sanctions approved after ensuring correct documentation is in place. Open Internal Orders for Capex. Keep track of the budget and the spending.
  • Coordination with bank for several bank related matters and remittances.
  • Perform periodic vendor balance reconciliation as per group policy or more frequently as per business requirements.
  • Liaison with external and internal auditors for timely completion of audit.
  • Requirements :

  • Bachelor degree with a major in accounting or relevant
  • At least 3 years related working experience in finance management, ACCA / CIMA / CA Finalist / Masters will be better
  • Complete articleship from CA Firm
  • ERP user
  • Proficient in MS Office applications
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