Directorate of Finance  
 


 
 

INTRODUCTION

The Finance Department is responsible for a variety of administrative functions for the University. The Department head is Mr. M. Sajeeruddin.

All aspects of accounting are carried through the finance department including payable function, fixed asset reporting, annual budget preparation and financial reporting of NED University.

The department prepares the University’s Annual Financial report in accordance with generally accepted accounting principle (GAPP).

The working of the department has recently been converted into electronic data processing system using the ORACLE database and latest Information Technology tools with the assistance of the skilled INFORMATION TECHNOLOGY MANAGEMENT. This has greatly contribute to achieve organizational management and accounting needs.

  
     
 

ORGANIZATION CHART

 
     
 

AIMS AND OBJECTIVE

1.
To prepare the University’s Strategic Financial Plans.
2.
To provide a first class and complete financial service in an efficient and effective way in support of the University’s key aims.
3.
To ensure that the service provided identifies and satisfies the relevant needs of the University’s staff, students and other customers within the framework of the Financial Directives, Service Level Agreements, and the department's policies and procedures.
4.
To ensure all income due to the University is properly accounted for and received on time
5.
To procure goods and services for the University at appropriate cost, to the required quality and on time.
6.
To ensure payments are correctly recorded, paid to the right person, for the correct amount and on time.
7.
To maintain probity in the use of funds by ensuring that financial policies and procedures are followed.
8.
To ensure that statutory and regulatory obligations of financial accountability and reporting are provided, including compliance with the Financial Memorandum.
9.
To maximize income from investments, minimize risk in investing the University’s funds and consider private sector funding opportunities.
10.
To provide financial advice to Senior Officers, Deans and other managers on an ongoing basis.
 
     
 

RESPONSIBILITIES

DIRECTOR FINANCE
University accounts
Annual Budget
Previous year’s accounts
University funds
Higher Education Commission (HEC) correspondence
Finance and Planning Committee’s Meetings.
Purchases made by the University.


DEPUTY DIRECTOR FINANCE (ACCOUNTS), DDF(A)
Fees matters (students and others)
Cheques and checking payment vouchers
Leave accounts of University employees
University payroll
Liaison with Audit Department.


DEPUTY DIRECTOR FINANCE (FUNDS), DDF (F)
Provident, Benevolent and Pension Fund
Development Accounts.
Liaison with Director Planning & Projects for Dev. Budget.
Finance & Planning Committee meetings.


ASSISTANT DIRECTOR FINANCE (BUDGET), ADF (B)
Annual and Revised Recurring Budget
Budget
Utilization Reports.


ASSISTANT DIRECTOR FINANCE (A)
University fees from students.
University Payroll.
Financial Statements of Account
Reconciliation of accounts
Monthly and Annual Trial Balance.
HB loan, Computer loan and Purchase of Vehicle loan.


ASSISTANT DIRECTOR FINANCE (F)
Budget Estimates of Self Finance and Research Fund.
Annual Statements of Account.
Proposals of advances of Provident Fund.
Meeting of PFMC, BFMC,


ASSISTANT DIRECTOR FINANCE (COORDINATION)
Assisting Director Finance in implementation of Recurring Budget estimates, Revised Estimates, Utilization report and other financial statements prepared monthly, quarterly, half yearly and annually.


ASSISTANT DIRECTOR FINANCE (P)
Management of Leasing and purchases in local currency.
Supervision of performance of bidders
Watching delivery of stores within stipulated time period.


IT MANAGER
Supervision of Computer section
Development, modification and amendments of software in Oracle platform according to the requirement of the department.

 

  
     
 

OPEN HOURS AND ASSISTANCE

The Finance Department is open 08.30 to 16.30, Monday to Friday.

Members of staff will be happy to assist with any query you may have. Please use the following contacts.

S. No.
NAME
DESIGNATION
CONTACT NO.
E-MAIL ADDRESS
1.
 Muhammad Sajeeruddin
D.F
99261261-8
Ext. 2202
2.
 Syed Sarwar Imtiaz
DDF
(Accounts)
99261261-8
Ext. 2219
3.
 Abdul Wahab
DDF
(Funds)
99261261-8
Ext. 2291
4.
 Zubair Uddin
IT Manager (Sr.)
99261261-8
Ext. 2370
5.
 S. M. Hasan Shamsie
ADF
(Purchase-I)
99261261-8
Ext. 2220
6.
 Fawad Ul Hasan Kamran
ADF
(Purchase-II)
99261261-8
Ext. 2471
7.
 Sadaf Sarfaraz Khan
ADF
(Funds)
99261261-8
Ext. 2359
8.
 Naeem Akhtar Abro
ADF
(Accounts)
99261261-8
Ext. 2294
9.
 Muhammad Raza Ul Hasan
IT Manager (Jr.)
99261261-8
Ext. 2370
10.
 Saqib Kazi

IT Manager (Jr.)
99261261-8
Ext. 2370
11.
 Muhammad Ashar Khan
ADF
(Budget)
99261261-8
Ext. 2292