AVP- Financial Reporting

JOB PURPOSE:

The Group Reporting & tax team comprises of Group reporting teams (Financial & regulatory) Financial control and tax team. The unit falls under the Group Finance department and reports to the CFO.

Key priorities of this role under Group Financial Reporting team include:

• Assist in the Preparation of Groups financials on a monthly quarterly & annual financial statement and related disclosures notes to financial statements etc
• Assist in the preparation of the variance analysis reconciliations of key BS items like interbranch retained earnings investments Loans deposits due from Banks due to banks foreign currency transactions reserve etc 
• Assist in engaging with various stakeholders during the month end closure process and deals with the external auditors to meet their audit related requirements.
• Assist in liaising overseas branches and subsidiaries for the of their quarterly and annual review
• Assist in fulfilling the daily financial accounting function and financial reporting tasks.

The candidate will be responsible for providing support for various activities of the financial reporting team but also to the various functions within Group Finance to understand reporting requirements.

KEY ACCOUNTABILITIES:

• Assist on a month end process and provide assistance in the preparation and processing of the top side adjustments in coordination with various overseas branches and various stakeholders.
• Assist the analysis on the top side adjustments and ensure in the reduction of the adjustments. Provide assistance to reduce manual adjustments
• Perform GL to deal wise reconciliation for various BS line items like Loans deposits investments due from banks due to banks repo reverse repo etc.
• Assist in various analysis on G&A expenses internal interest income fees etc and provide commentaries wherever required.
• Assist in updating various components of the financial packs which is circulated to senior management.
• Prepare and update key disclosures and notes of the financial statements for quarterly and yearly financials.
• Provide assistance in resolving various External auditors queries on a timely basis.
• Review of English and Arabic Financials and provide assistance in reviewing the quarterly and yearly disclosures related to other departments
• Review the financials of branches and subsidiaries.
• Perform various adhoc analysis required for the senior management.

Qualifications :

• A university degree in a Business Finance or Accounting in addition to professional certificate.
• Qualified Professional preferred or 2-3 years experience in a Financial Reporting Function
• A working knowledge of banking operations and accounting. Knowledge of MS Office is necessary. Knowledge of other softwares used in Business Applications is advantageous
• Ability to communicate with a variety of divisions within the bank respond to the dynamic nature of reporting function whilst being able to meet daily deliverables.

Remote Work :

No

Employment Type :

Full-time