Role Summary

You will assume prime responsibility for monitoring the General Ledger and leading a team in ensuring that invoices are paid/ recorded in a timely and accurate manner in accordance with approvals, policies and procedures. you will be responsible for both local accounts and international accounts

Role Description

Assist in the annual budgeting process and the subsequent monitoring thereof.

Assist the Head Financial Accounting in creating long-term financial strategies to maximize shareholder value whilst pursuing prudent policies.

Provide inputs in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to personnel responsible for accounts services and monitor their achievements on periodic basis.

Assist in ensure that relevant accounting reports are prepared and presented to management/ the Board on time to enable them to monitor business performance closely and take timely corrective actions.

Ensure that correctness of the payments made by the departments and attachment of complete supporting documents thereof

Build and maintain strong and effective relationship with all other related departments, units and vendors to achieve the Group’s goals/ objectives.

Liaise with the Group’s IT Department to ensure accounting reporting needs of the department are timely resolved/ attended to, to the extent these are dependent on required system enhancements.

Assist in provide timely and accurate information to the management and external and internal auditors and the Compliance function as and when required.

Review the key processes/ procedures and evaluate them to achieve improvements which will also help increase external customer satisfaction

Supervise the monitoring of the General Ledger of the Bank.

Ensure timely receiving, processing and recording of vouchers/ invoices and maintenance of records pertaining to the same.

Ensure that invoices are paid within the credit period and proper approval is taken before the payment.

Ensure that accounting of prepayments and accruals are correct.

Ensure timely submission of financial cost reports to senior management.

Monitor the accuracy of the accounting/ journal entries performed centrally at Group Financial Control.

Liaise with the other managers/specialist within GFCD to ensure that accounting of fixed assets and depreciations are correct.

Liaise with the Group’s IT Department to ensure accounting reporting needs of the department are timely communicated.

Follow up overall accounting process for each international presence.

Assist in ensuring that all accounting policies and procedures used in the overseas branches and subsidiaries are in line with IFRS, regulatory requirements and the Bank’s accounting policies.

Assist in issuing of monthly MIS reports along with commentary on International divisions’ activities.

Initiate improvements in processes for enhancements of productivity, quality and services.

Liaise with external Auditors at each quarter end and during annual audit on different requirements relating to the department required by them.

Supervise the review of International divisions’ financial statements and notes to the accounts at each quarter end and during Annual audit

Responsible for developing and training accounts team in the appropriate skills to ensure an effective and informative MIS

Ensure high standards of confidentiality and ethics to safeguard commercially sensitive information

Qualifications

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

Professional certification such as CPA, CA, CMA, CFA etc. is a plus.

Minimum of 6 years’ experience in a major bank of which at least 2 years in a managerial capacity in the accounts function

 

Required Special Skills:

• Good oral and written communication skills in English and Arabic (preferred).
• Knowledge of various accounts related processes and related pronouncements, including but not limited to IFRS, IAS, etc.
• Proficiency in accounting tools/ techniques and methodologies.
• Well-developed analytical and interpersonal skills.
• Ability to deliver under pressure.
• Ability to build relationships across the organization to deliver results.
• Knowledge of accounting rules for the various products of the Group