GROUP MEMBERS:
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Sana Riaz
 Registration
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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:
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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:
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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:
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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:
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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:
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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:
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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:
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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:
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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:
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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:
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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:
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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:
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Organizing and filing documents
Handling incoming calls
Managing schedules
Preparing memos, correspondence, spreadsheets and
presentations
Supervising lower-level employees