Hub Power Company Limited Jobs HUBCO 21 July 2016



Hub Power Company Limited Jobs HUBCO 21 July 2016:ย Hub Power Company Limited HUBCO is seeking for hard working, self motivated, professionals, determined, dynamic and well disciplined staff for different vacant positions such as ย following.Kindly read carefully and apply in appropriate vacancies accordingly.

Position: Reports to: Manager Finance
Chief Financial Officer
Organization: Laraib Energy Limited โ€“ a subsidiary of The Hub Power Company Limited (โ€œHUBCOโ€)
Location: Islamabad

Key Responsibilities:
โ€ข Ensure adherence to Compliance check list, Provision of information to Lenders, Follow up with Concerned departments in fulfilling requirements coming out of finance documents.
โ€ข Compile information from all the concerned department for preparation of Operating & Corporate Budget, Update Financial model as per the requirements of Lenders / Parent Company.
โ€ข Monitor, reconcile and follow-up on all the matters pertaining to Accounts Receivables.
โ€ข Monitor, reconcile, troubleshoot and coordinate matters pertaining to Accounts payable through issuance of checks, receiving notes, bank instructions; Monitor and regulate the flow of bills of contractors, suppliers and service providers through the Payables Section; Prepare Journal Vouchers for correcting erroneous postings to the General Ledger in respect of payments; Respond to queries of Internal Audit Officer and external auditors relating to payments processed; Process cases of re-appropriation between budget heads of expenditure to meet unbudgeted payments for approval by the competent authority.
โ€ข Based on cash flow projections; arrange the placement of surplus funds in earning instruments through negotiations with banks for high rate.
โ€ข Follow-up with concerned departments to receive the invoices; Reconfirm approval of invoices from concerned personnel; Ensure accurate data feeding and timely processing of invoices; Receive and review production data; Ensure calculations are made in line with Tariff and get approval from the CFO.
โ€ข Obtain quotations from prospective insurers for the companyโ€™s insurable interests and acquire policies for medical, vehicle, and life cover at rates approved by the Chief Executive Officer. Compliance with requirements Third party liability, Material Damage & Business interpretation and Terrorism insurances.
โ€ข Supervise and monitor processing of payroll and provident fund on monthly basis in coordination with HR; Review and finalize the payroll before taking final approval; Issue instructions to banks for release of salaries and reconcile records on periodic basis; Ensure errors in payroll processing are taken care off within due time.
โ€ข Submission of quarterly indices, Revised Tariff Components to NEPRA and follow up for publishing of revised tariff in Official Gazette of Pakistan.

Other Requirements:
โ€ข Good command on Financial Modeling
โ€ข Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
โ€ข Understanding of project documents of an IPP, contract management.
โ€ข Knowledge of Financial Management, Risk Management, IFRS & IAS, Code of Corp. Governance.

Qualifications and Experience
โ€ข CA, CMA or an MBA finance from a good university with 5 to 8 years post qualification.

How to Apply: Interested and eligible candidates to send their updated resume [email protected] latest by Julv 25, 2016.

Hub Power Company Limited Jobs HUBCO 21 July 2016

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