Finance Department Peshawar Jobs 2024 – Financial Analyst

 

The Finance Department

Applications are invited from qualified individuals for the following positions, offered on a contract basis for an initial term of one year, within the Internal Support Unit (ISU), Corporate Governance Unit (CGU), Debt Management Unit (DMU), and Risk Management Unit (RMU) in the Finance Department. These positions are purely on a contract basis for an initial period of one year, and they are categorized under Management Position (MP) scales.

Positions Available:

1. CGU:

   • Team Lead (MP4)
   • Performance & Monitoring Specialist (MP4)

2. ISU:

   • Team Lead (MP4)
   • Associate (MP4)
   • Analyst (MP8)

3. DMU:

   • Senior Financial Analyst-Debt Management (MP8)
   • Financial Analyst (MP7)

4. RMU:

   • Senior Financial Analyst-Risk Management (MP8)

Qualifications & Experience Requirements:

• General Eligibility:
  • A minimum of 16 years of formal education from a recognized institution (Economics, Finance, Accounting, Commerce, or related fields).
  • Professional certifications like ACCA (UK), CA, CFA, PMP, or Public Financial Management (PFM) certifications are preferred.
  • Applicants should have relevant professional experience, typically ranging from 3 to 10 years, depending on the position.
• Specific Requirements:
  • Experience in Public Financial Management (PFM) and Corporate Governance is preferred, especially for leadership roles.
  • A track record of leading teams and achieving demonstrable results is essential.
  • For some roles, specialized knowledge in Debt Management, Risk Management, and Public-Private Partnerships is highly preferred.
  • For senior positions, candidates with management experience in related fields, along with advanced qualifications, will be prioritized.

Recruitment Process:

1. Phase 1: Application submission, where candidates will be shortlisted based on the quality of their CV and cover letter.
2. Phase 2: A written test will be conducted for shortlisted candidates. Those who meet the minimum required score will proceed to the next phase.
3. Phase 3: A problem-solving interview based on a case study, followed by a fit interview to assess the candidates' suitability for the role.

Submission Guidelines:

• To apply, please send your CV and cover letter via email to apply.fd@kp.gov.pk.
  
  • Subject: Position & Unit
  • Cover letter is a crucial part of the application, as unprofessional cover letters may lead to disqualification.
  • Maximum length for both the CV and cover letter: 3 pages (Legal size 8.5" x 14").
  • References: Include at least two references in the CV.
• Deadline: 06.12.2024

Terms & Conditions:

• Government employees must use apply from the proper channel source.
• Only candidates who are shortlisted will be contacted for the test/interview. 
• TA/DA will not available.
• The competent authority holds the right to amend or withdraw the number of available positions.

For further inquiries, you can contact the Section Officer (Administration) at:

• Phone: 9210074
• Fax: 9210352
• Email: apply.fd@kp.gov.pk

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The Finance Department in Peshawar is not only responsible for the financial health of Khyber Pakhtunkhwa but also plays a significant role in the implementation of public policies, ensuring that the provincial government functions smoothly through effective financial oversight. The department's activities have a direct impact on public welfare, infrastructure development, social services, and the overall economic development of the province.

Key Responsibilities and Roles:

1. Fiscal Policy and Economic Planning:

   • The department develops fiscal policies that align with the government's development goals. It advises the provincial government on economic reforms, public sector investments, and strategies for sustainable economic growth.
   • It works in collaboration with other provincial and federal bodies to align provincial fiscal policies with national economic strategies, including managing the provincial budget in line with federal funding and allocations.

2. Revenue Collection and Management:

   • The Finance Department is responsible for the collection of provincial revenues, including taxes (sales tax, property tax, excise duties, etc.), fines, fees, and other financial resources. It works on improving tax compliance and introducing reforms to increase revenue generation.
   • The department also focuses on improving tax administration, reducing the informal economy, and expanding the tax base to ensure sustainable public finances.

3. Expenditure Monitoring and Control:

   • One of the department's primary roles is ensuring that public funds are spent effectively and efficiently. This involves reviewing the spending patterns of different government departments, monitoring allocations to various projects, and ensuring that expenditures remain within approved limits.
   • It plays a critical role in setting financial controls, preventing misuse of funds, and ensuring that budgetary allocations align with development priorities.

4. Debt and Liability Management:

   • Managing the provincial government's debt is another vital responsibility. The department monitors borrowing activities, including the issuance of bonds and loans, to ensure that the provincial debt remains sustainable.
   • It ensures timely repayment of debt obligations, avoids excessive borrowing, and works on strategies to reduce the debt burden.

5. Public Financial Management (PFM) Reforms:

   • The Finance Department has been at the forefront of implementing Public Financial Management reforms, aimed at improving the transparency, accountability, and efficiency of public spending.
   • The department has been working to digitize financial operations, including e-budgeting, online revenue management, and digital auditing, in line with global best practices.

6. Monitoring of Provincial Public Sector Entities:

   • The department oversees public sector corporations, agencies, and enterprises that are either fully or partially owned by the provincial government. It ensures that these entities are financially viable, adhere to proper accounting practices, and contribute to the provincial economy.
   • Financial audits and performance evaluations are carried out to ensure transparency and efficiency in public sector enterprises.

7. Capacity Building and Training:

   • The Finance Department plays a key role in building the capacity of government employees working in financial management, public accounting, and administration.
   • It organizes training workshops, seminars, and courses for civil servants to ensure that they stay up-to-date with the latest financial management practices, auditing techniques, and regulatory changes.

8. Coordination with International and National Financial Institutions:

   • The department works closely with national financial institutions, such as the State Bank of Pakistan and Federal Ministry of Finance, as well as international donors and financial organizations like the World Bank and Asian Development Bank (ADB).
   • It coordinates development projects funded through loans and grants, ensuring that such projects align with provincial needs and priorities while ensuring proper financial management and reporting.

9. Public Debt Sustainability:

   • In collaboration with other financial agencies, the department assesses the impact of public debt on long-term fiscal sustainability and formulates strategies to reduce reliance on borrowing.
   • It ensures that debt-servicing costs do not overwhelm the provincial budget, balancing economic growth objectives with fiscal discipline.

Strategic Focus Areas for Development:

• Economic Development: Ensuring financial policies align with broader economic goals of job creation, poverty reduction, and infrastructure development.
• Financial Inclusion: Expanding access to financial services, promoting fiscal literacy, and supporting initiatives that increase the participation of the informal economy in the formal financial system.
• Digital Financial Transformation: Introducing technology to streamline financial transactions, improve revenue collection, and enhance transparency through digital government systems.
• Governance and Accountability: Strengthening governance mechanisms within the provincial administration, improving transparency, and reducing corruption risks in public finance management.

Role of Specialized Units within the Department:

• Internal Support Unit (ISU): Provides essential operational support, facilitating the smooth functioning of other units within the department by handling day-to-day administrative tasks and logistical functions.

• Corporate Governance Unit (CGU): Ensures that financial decisions and actions within the provincial government adhere to high standards of governance, including transparency, accountability, and ethical conduct.

• Debt Management Unit (DMU): Focuses specifically on managing the province’s borrowing and ensuring that debt is used efficiently to finance development projects without compromising the province's long-term financial stability.

• Risk Management Unit (RMU): Identifies potential financial, economic, and operational risks, including fiscal deficits, inflationary pressures, and external financial shocks, and develops strategies to mitigate them.