GROUP MEMBERS: Sana Riaz Registration No. 0185 Saira Khalid Registration No. 0201 Hierarchy of Finance Department of Sitara Fabrics Limited DIRECTOR FINANCE & ACCOUNTING: The person on this designation in Sitara Fabrics: Works with senior teams formulating strategies and plans Lead and develop finance teams Lead and manage the budgeting process Overall cash management on an outgoing basis Formulation of annual budget and targets Preparation and submission of weekly and monthly updates Presentations of annual accounts with recommendations SUBORDINATES OF DIRECTOR FINANCE AND ACCOUNTING: Director Finance and Accounts Manager Finance Accounts Manager Manager Tax and Legal Affairs Company Secretary 1. MANAGER FINANCE: The person on this designation in Sitara Fabrics: Providing and interpreting all financial information Monitoring and interpreting cash flows and predicting future trends Analyzing change and advising accordingly Conducting reviews and evaluations for cost reduction opportunities Producing accurate financial reports to specific deadlines Managing budgets SUBORDINATES OF MANAGER FINANCE: Manager Finance Senior officer Finance Finance Assistance SENIOR OFFICER FINANCE: The person on this designation in Sitara Fabrics: Reporting to the Operational Accountant Accurate support across all facts of the finance division, including AP, AR, Payroll and Reconciliations. Control of the billing system Assist with month end processes and the administration of day to day insurance matters. Undertake ad-hoc functions including support to the Property Manager. FINANCE ASSISTANT: The person on this designation in Sitara Fabrics: Ensure swift payment of invoices Assist with end of year preparation and procedures Provide financial support to team members Any other duties that may be deemed appropriate to this role Matching invoices to statements and purchase orders to invoices Input accounting data into the accounting system with speed and accuracy 2. ACCOUNTS MANAGERS: The person on this designation in Sitara Fabrics: Report directly to the controller Manage and supervise daily operation of accounts payable, accounts receivable Provide support and assistance to the Finance Director in the departmental administrative functions Guide and support staff in providing customer service Troubleshoot software problems/issues, and coordinate resolution with the software vendor and the City’s Information Technology Division SUBORDINATES TO ACCOUNTS MANAGER: Accounts Manager Chief Accountant Senior Officer Accounts Accounts Officer CHIEF ACCOUNTANT: The person on this designation in Sitara Fabrics: Responsible for day to day finance and accounts operations Perform full set of accounts and ensure timely closing of accounts. Perform project cost forecasts/budgets, cost tracking, monitoring and controls. Responsible for timely monthly consolidated financial statements. Review & approve payment vouchers & journal entries SENIOR ACCOUNTS OFFICER: The person on this designation in Sitara Fabrics: Maintaining Ledgers. Maintaining payable & receivables. Liaison with Branch Offices and Banks. Assisting the Chief Accountant in daily routine jobs. Any other work assigned by the management. ACCOUNTS OFFICER: The person on this designation in Sitara Fabrics: Performs other duties as assigned or require Cash management (including placement/movement of funds in various sites) Maintains organized set of detailed records and files to document financial transactions. Reviews general ledger on a monthly basis to ensure accuracy of posting. 3. MANAGER TAX AND LEGAL AFFAIRS: The person on this designation in Sitara Fabrics: Researching, analyzing and interpreting changing tax legislations Meeting with clients and collating information Working with tax laws and revenue provisions Preparing and submitting compliance (tax) returns Advising on tax liabilities SUBORDINATE TO MANAGER TAX AND LEGAL AFFAIRS Manager Tax and Legal Affairs Senior Tax Officer SENIOR TAX OFFICER: The person on this designation in Sitara Fabrics: Exercise responsibility for the preparation of monthly and annual taxation returns Provide specialized advice and assistance to clients Contribute to the design, development and implementation of appropriate policies 4. COMPANY SECRETARY: The person on this designation in Sitara Fabrics: Maintaining the company’s statutory registers Updating the records held by Companies House Maintaining the registered office Managing and storing the company’s records Organizing the company’s board meetings and annual general meeting Taking a lead on governance SUBORDINATE TO COMPANY SECRETARY: Company Secretary Corporate Assistant CORPORATE ASSISTANT: The person on this designation in Sitara Fabrics: Organizing and filing documents Handling incoming calls Managing schedules Preparing memos, correspondence, spreadsheets and presentations Supervising lower-level employees