Presentation of Heirarchy of Accounts and Finance Department of Sitara Fabrics Limited

2. GROUP MEMBERS:
 Sana Riaz
 Registration No. 0185
 Saira Khalid
 Registration No. 0201

4. Hierarchy of
Finance Department
of Sitara Fabrics
Limited

6. 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

7. SUBORDINATES OF DIRECTOR FINANCE AND ACCOUNTING:
Director
Finance and
Accounts
Manager
Finance
Accounts
Manager
Manager
Tax and
Legal Affairs
Company
Secretary

8. 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

9. SUBORDINATES OF MANAGER FINANCE:
Manager
Finance
Senior
officer
Finance
Finance
Assistance

10. 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.

11. 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

12. 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

13. SUBORDINATES TO ACCOUNTS MANAGER:
Accounts
Manager
Chief
Accountant
Senior
Officer
Accounts
Accounts
Officer

14. 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

15. 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.

16. 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.

17. 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

18. SUBORDINATE TO MANAGER TAX AND LEGAL AFFAIRS
Manager
Tax and
Legal Affairs
Senior Tax
Officer

19. 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

20. 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

21. SUBORDINATE TO COMPANY SECRETARY:
Company
Secretary
Corporate
Assistant

22. 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