Role Summary

You will will manage all aspects of finance of the local operations and provide support to the Head Office- Financial Control in all areas of Bank’s business financials in assigned location.  The Head of Finance is one of the primary points of contact with the regulatory authorities and the external and internal auditors and is key in ensuring good relationships with such bodies.  The Head of Finance ensures good corporate governance is applied throughout the organization.

Role Description

Monitor limits and exposures with a view to improving the Bank’s profits, whilst at the same time ensuring compliance with the consolidated/ overall approved limits.

Ensure timely and accurate information as well as disclosure of all material matters concerning the operations.

Develop mechanisms designed to ensure compliance with all relevant local laws and regulations and also international laws and regulations.

Assist Country GM in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to the financial reporting related process and monitor the achievements of its individual departments/ units on periodic basis.

Provides leadership on creating Key Performance Indicators (KPIs) for the departments under the incumbent’s supervision for performance monitoring purposes

Establishes and enhance relationships with regulatory authorities to ensure that all regulatory reporting requirements are complied with.

Establishes and enhance relationships with tax authorities to ensure that all statutory requirements are complied with.

Liaises with external auditors on matters pertaining to presentation and disclosure of financial statements, emerging financial reporting trends, impacts of proposed accounting standards etc.

Builds and maintain strong and effective relationship with the all other related departments and units to achieve the Bank’s goals/ objectives.

Responsible for Annual Budget for the allocated Country and monitoring of variances to actual vs budget, throughout the year

Ensures accurate and timely presentation of all Head Office and external reporting.

Responsible for tax compliance, including direct, indirect, employment and withholding taxes

Maintains the Bank Fixed Asset register, add new assets and disposals, and update depreciation records.

Ensure timely processing of vouchers and maintenance of relevant records

Monitors/updates the Bank expenses on a regular basis

Develops and follows-up on yearly budget for the Bank.

Manages day-to-day business for relevant QNB entities, including audit, tax, accounting, yearly consolidation, (relationship with investors), suppliers and real estate advisors, reporting to the Group and relationship with external providers

Maintain an understanding of all pertinent regulations as well as best practices pertaining to financial and management reporting.

Sound knowledge of local tax regulations and practices and IFRS

Qualifications

Bachelor/ Masters degree preferably in finance, accountancy or related subjects

Professional qualification such as CPA, ACA, MBA etc. is a plus.

The position requires a minimum of 8-10 years experience within a banking Finance role and a minimum of 3 years in a managerial capacity in the financial reporting function.