JOB SUMMARY

The main purpose of this position is to support management in supervising and guiding team for maintaining records and incorporating expenditures on ERP The main purpose of this position is to support management, evaluate system based budgetary controls, review capitalization of long outstanding projects and ensures accurate circulation of financial reports relating to deferred credits and IFRS 15, recording of advance from consumers for developments. The incumbent is also responsible to organize budget preparations and evaluate variances of expenditures for review by senior management.

JOB RESPONSIBILITIES

• Review Maintenance of Customer Advances Schedules related to Natural Gas and RLNG Domestic, Commercial, Industrial, Mains & IMPL & Installation Cost Recovered on Quarterly basis.
 
• Manage Accounting Standards and process of Customer Advances of Natural Gas and RLNG Domestic, Commercial, Industrial, Mains & IMPL projects to Deferred Credit in accordance with IFRS-15.
Ensure installation cost recovered in CC&B are recorded in ERP and subsequent issuance of Debit Notes / Credit Notes for Recovery / Refund are recorded as per company rules and regulations of SSGCL.
• Evaluate amortization of Deferred Credit i.
e. Income from New Service Connections as per IFRS-15 and Maintenance of Deferred Credit schedules as per IFRS-15 on a timely basis. 
• Review and analyze customer advances aging reports including Domestic, Commercial, Industrial, IMPL Customers of Natural Gas and RLNG Customers.
• Support senior management in finalization of Domestic and Industrial End-User Refundable and Non-Refundable Paid Mains Projects.
• Ensure timely processing of Pre-commissioning Refund to Customers advances related to Domestic, Commercial, Industrial customers in CC&B and Payable Module as and when required.
• Ensure resolution of discrepancies/queries are resolved relating to material and labor hiring for Domestic, Industrial, Commercial and Intermediate Pressure Pipeline (IMPL) House Line, Service Connection and Paid Mains Projects of Natural Gas and RLNG through Co-ordination with relevant Distribution Departments.
 
• Facilitate in smooth execution of Annual External Audit of Customer Advances and Deferred Credit as per IFRS-15 and Installation Cost Recovered through co-ordination of Regional Finance Departments.
 
• Review job cards related to distribution projects and coordinate with Sales department before issuance of job card as per OGRA, BOD approved budget and SOPs of SSGC.
• Evaluate, verify, and check costing of MLR applicable etc.
pertaining to Distribution schemes in all regions i.e. (Karachi, Sindh and Baluchistan) on a periodic basis. Evaluate MECs in all regions i.e. (Karachi, Sindh & Baluchistan) and verify cost estimates according MLR and also check the availability of budget as per OGRA.
• Review compilation of actual and estimate budgets of respective Projects appearing in WIP and cross verification of data from manual Management approvals.
• To run DDC in quarterly basis.
• Capitalize Projects in Project Module based on Job card commissioned and received from distribution department and also maintain the record of capitalized jobs.
• Prepare customer pre-commissioning refund cases (from AP invoices delivering of cheque to customer)
• Resolve tenacity regarding project budget from all distribution departments.
• The individual shall ensure compliance to the Enterprise Risk Management Framework enforced in the Company while performing job responsibilities in accordance with his assigned role.
• The individual shall ensure compliance to the Business Principles and Ethics Policy / Code of Conduct.
• Undertake any other task assigned by the management.