Financial Reporting Manager; Banking

Job Title
:
Manager – Financial Control & Reporting

Reports to
: AVP – Financial Control & Reporting

Job Purpose

To manage the Group Consolidation function to ensure the timely compilation of the monthly financial information of the Bank and all of the subsidiaries and to maintain the Group Governance controls over the financial reporting activities of the subsidiaries.

Key Responsibilities

• Responsible for the preparation of the Group’s consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS), rules and regulations of the UAE Central Bank, and all other related rules and regulations.
• Preparing quarterly group consolidation working in accordance with International Financial Reporting Standards (IFRS) / International Accounting Standards (IAS) within the stipulated deadline.
• Preparation of the high-level variance analysis for significant movement in the consolidated financial statements.
• Preparation of the quarterly performance presentations for Board of Directors.
• Managing the group governance function by applying the oversight on the financial reporting activities of the subsidiaries.
• Coordinate with all concerned subsidiaries within the Group to ensure that consistent accounting policies are applied in preparation of the financial information.
• Coordination with subsidiaries for reviewing and monitoring their financial deliverables ensuring the alignment with the bank standards.
• Coordinate with the Investor Relations unit for providing the information to Rating Agencies.
• Review the investor presentations to ensure that the financial information is in agreement with the Group financial statements.
• Review the policies and procedures manuals and recommend for the necessary changes, amendments & updates in the policies and procedures and coordinate with relevant units within Finance Department.

Job Specification

Education: Minimum bachelor's degree and professional qualification i.e. ACA, ACCA

Work Experience: Minimum 8 - 10 years of experience in in banking sector.