Finance Analyst

Job description / Role

Position Purpose

This position, reporting into the Manager Financial Control, is responsible for handling central bank issues for foreign payments for Mondelez Pakistan.

Primary Responsibilities:

Assistance in State Bank related matters

Imports / Goods

- Liaising with the procurement and contact personnel of suppliers & shippers to collect the documents (including No objection certificates, confirmation of outstanding balances etc) as required by local bank and State bank for import payments
- Coordinating with local bank to know the discrepancies highlighted by State bank and update same in the tracker of pending payments
- Compiling all the information / documentation for sending the same to local bank for onward submission to the State Bank of Pakistan
- Assisting in replying the State Bank of Pakistan (SBP) against the queries highlighted in cases to seek approvals from SBP
- Following up with the local bank on a regular basis to pursue progress on required approvals from the State bank of Pakistan

Services

- Assist in making service related foreign payments (including Royalty, IT & Marketing related services and others)
- Obtain relevant documents as per requirements from local bank / SBP (including auditor certificate, tax certificates, proof of performance of services, contracts, agreements etc), prepare letter for bank, fill required forms and templates for sending the case to bank
- Assist in resolving discrepancies raised by bank
- Following up with bank which require SBP approval

Other requirements of SBP on Imports

- Ensure compliance with new SBP requirements related to imports including Bank contracts, L/Cs, Advance payments, 100% Cash Margin on Imports, etc
- Liaising with the bank, imports department, user department & supplier / intercompany to complete the required documentation of Bank Contracts / LCs before shipments.
- Maintain schedule of 100% Cash Margin withheld by bank on a monthly basis and ensure margin is released once payment to vendor is made

General tasks

- Prepare tracker of all pending foreign payments to provide update to regional team, intercompany teams and suppliers on the status of payments
- Assisting in providing comments to be put in Blackline for Foreign Payables / Intercompany payable related recs
- Prepare monthly tax withholding statements in case of services for respective provincial revenue bodies
- Issue tax deduction certificates to vendors on timely basis
- Ensure maintenance of tax records for previous years to avoid non-compliance of data maintenance
- Ensure maintenance of 100% documentation of tax challans
- Assisting in compiling records for show cause notices received from tax authorities
- Assisting in preparation of schedules for monitoring of withholding taxes audit and other tax audits
- Tax filing management

Requirements

Qualifications

Knowledge, Skills and Experience

Knowledge including: education, qualifications and training

- Post Graduate / Masters Degree (Finance)
- Good understanding of organizational and individual development

Skills

- Planning, priority setting, problem solving and monitoring skills
- Good communication skills - both written and verbal

Experience:

- Min 1 - 2 Years of experience in a finance role ideally at a leading Multi national within FMCG
- Strong experience with Excel & Word
- SAP experience would be preferred

About the Company

Mondelez International, Inc. (NASDAQ: MDLZ) is one of the world's largest snacks companies, with 2015 net revenues of approximately $30 billion.

Our dream is to create delicious moments of joy in everything we do. Nearly 100,000 employees support this dream by manufacturing and marketing delicious food and beverage products for consumers in approximately 165 countries around the world.

We are the world's pre-eminent maker of snacks, with leading market shares in every category in which we compete. Mondelez International holds the No. 1 position globally in Biscuits, Chocolate and Candy as well as the No. 2 position in Gum. (source: Euromonitor)

About 85 percent of our annual revenue is generated in fast-growing snacks categories, and nearly 75 percent of our sales come from outside of North America.