Grade Level: L1/L2
Location: Islamabad
Last date to apply: 17th October, 2024.
What is Expert Valuation?
A few of the responsibilities of Consolidation, Valuation, and Statutory Reporting department is to conduct group-wide valuations, manage cost centers, perform reconciliations, and deal with auditors and authorities in various countries. The Expert Valuation will assist in ensuring that valuation and reporting activities are completed within pre-agreed closing calendars with no material errors and support HQ departments in their reporting by providing required information.
We are seeking an Expert Valuation with extensive knowledge of IFRS and proficiency in conducting impairment tests under IAS 36 guidelines. The ideal candidate will be responsible for developing, implementing, and maintaining valuation models, ensuring compliance with accounting and consolidation practices, and preparing comprehensive financial reports and analyses.
The role reports directly to the Manager Valuation. Valuation team comprises of 2 team members who form part of a larger team of 11 team members.
What Expert Valuation does?
- Calculate WACC and IBR on a quarterly basis utilizing market data, tailored specifically for a digital service providers or telecom companies. This involves analyzing market trends, interest rates, and industry-specific factors to determine the most accurate measure.
- Understand budgeting and analyses, focusing on variance analysis and developing queries to understand movements and deviations, facilitating informed decision-making.
- Develop and understand valuation models, prepare valuations compliant with IAS 36, conduct impairment tests, and discuss findings with the external reporting team and stakeholders.
- Familiarize with the accounting manual, apply appropriate accounting approaches, understand the consolidation process and system dimensions including complex group structure, and ensure accurate consolidation deliverables are executed.
- Coordinate with departments to provide timely information to auditors, ensure reporting and analysis timelines are met, and prepare litigation reports while managing stakeholder communications.
- Efficiently manage auditor meetings and inquiries, ensuring skillful handling of queries with explanations for assumptions made and effectively addressing any audit-related questions or concerns raised. This involves actively participating in discussions with auditors, demonstrating transparency in the processes, and providing clear justifications for our financial reporting decisions.
- Develop an understanding of derivatives reconciliations and prepare derivatives and GRS reconciliations.
- Acquire proficiency in conducting share price analysis and reconciling market capitalization and assessing group control premiums, involving comprehensive market cap reconciliation, and understanding of the factors influencing group control premium.
- Develop Fair Value of Debt models for the consolidated group, manage identification and transactions of related parties or intercompany loans, with a focus on maintaining a thorough understanding of bond data, conducting interest rate analyses, and possessing proficiency in Bloomberg terminal navigation.
- Prepare SOX documentation and test controls for the external reporting department on timely basis, ensuring transparency and adherence to defined measures while implementing validation checks in valuation models for error-free reporting.
- Calculate expected credit losses (ECL) in compliance with IFRS 9, ensuring accurate financial reporting and risk assessment.
- Receive on-the-job training for Hyperion/GRS and Oracle and conduct ad-hoc analysis to develop insights.
- Manage cost center’s budgeting through monthly analysis, reporting, and handle PR/PO processes and costing procedures in detail with documentation and ensure timely processing and approval of invoices for assigned cost center.
- Prepare surveys required by regulatory authorities covering monthly business KPIs, sales turnover, investments, and telecommunications, as well as participating in trade surveys to provide comprehensive industry insights and ensure compliance and accuracy.
Jazz is an equal opportunity employer. We celebrate, support, and thrive on diversity and are committed to creating an inclusive environment for all employees.
Requirements
- Bachelor’s/master’s degree in accounting and finance, or a related field; advanced degree preferred.
- Professional certification (e.g., CFA, CPA, CA, ACCA) is highly desirable.
- 5 to 7 years of related experience with strong impairment knowledge and understanding of IFRS. Strong grip of IAS 36 is a must.
- Proven experience in valuation and impairment testing.
- Proficiency in financial software systems such as Hyperion and Oracle.
- Advanced excel skills preferably including Ad-hoc analysis & smart view.
- Expertise in MS Office
- Strong attention to detail, analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Ability to manage and prioritize multiple tasks and meet tight deadlines.
Benefits
As one of the leading employers in the country, Jazz epitomizes the philosophy that each Jazz employee is passionately living a better every day inspired and enabled by visionary leadership, a unique professional culture, a flourishing lifestyle, and continuous learning and development.
Our core values include qualities essential for a positive organizational culture - truthfully guiding entrepreneurial and innovative mindsets, harnessing professional and interpersonal collaboration, and fostering across-the-board customer-obsession.
As one of the largest private sector organizations in Pakistan, our objective is to continue to change the lives of our 70 million customers for the better. This is an opportunity for someone who wants to be part of something transformative, someone who can play a critical role in driving our success. Together, we can empower millions more with the tools necessary to progress in an increasingly digital economy.
