Job Purpose Summary:

The incumbent will monitor the general Ledger and will ensure that invoices are paid/ recorded in a timely and accurate manner in accordance with approvals, policies and procedures. Will be involved in making the MIS, Financial and regulatory reporting and other day to day assignments within the department as per his job nature.

Essential Duties & Responsibilities by Dimensions:

A. Shareholder & Financial:

• To ensure that the invoices are paid and recorded in a timely and accurate manner in accordance with approvals, policies and procedures.

• Fixed assets are accurately recorded and monthly depreciation is correctly processed

• Prepayments and Accruals are done and monitored properly.

• Ensure that relevant reports are prepared and presented to management on time to enable them to monitor business performance closely and take timely corrective actions.

• Assist in providing inputs in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to personnel responsible for international regulatory reporting and monitor their achievements on periodic basis.

• Assist in preparing MIS and other reports pertaining to the departments.

• Implements KPI’s and best practices for Associate-Financial Accounting

• Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank.

• Act within the limits of the powers delegated to the incumbent.

B. Customer (Internal & External):

• To provide required support to all internal and external customers to achieve the department’s objective

• To assist customers in all their queries on Bank’s product and seek solution to their requests.

• Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/units to achieve improvements in turn-around time.

• Build and maintain strong/effective relationships with related departments/units to achieve the Group’s objectives.

• Provide timely/accurate data to external/internal Auditors, Compliance, Financial Control and Risk when required.

C. Internal (Processes, Products, Regulatory):

• The monitoring of the General Ledger of the Bank.

• 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.

• Ensure that accounting of fixed assets and depreciations are correct.

• Ensure reconciliation of related accounts and statements

D. Learning & Knowledge:

• Possess knowledge of accounts function of a bank and maintain an understanding of all pertinent regulations as well as best practices pertaining to accounting function.

• Responsible for developing and training junior staff in the appropriate skills to ensure an effective and informative MIS and smooth working within the department.

• Identify development area for self and junior team members and act to develop those areas

Education/Experience Requirements:

• Minimum bachelor degree preferably in finance, accountancy or related subjects.

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

• No years’ experience in a major bank in the accounts and financial control function.