Accounting And Reporting Specialist

Title:

Accounting And Reporting Specialist

Business Unit: Finance Complex

Division: Accounting and Reporting

Department: Financial Control

Country: Saudi Arabia

Location: Jeddah, HQ

Job Grade: E2

Contract Type: Fixed Term

Closing Date: 2-Feb-2026

• Review and ensure compliance to Financial Accounting standards by AAOIFI and International Financial Reporting Standards(IFRS) for all general ledger transactions for the Bank and Trust Funds.
• Prepare accurate financial statements for the Special Purpose Vehicles (SPV) (AUM > US $15bln) and the Trust Funds (AUM > US $5bln) in accordance with AAOIFI.
• Perform advanced financial analysis for the Bank's Ordinary Capital Resources (AUM > US $25bln) and various Special and Trusts Fund under the management of Financial Control Department.
• Advanced knowledge of all relevant IFRS and AAOIFI accounting standards and working knowledge of the Bank's SAP financial reporting system.

Account Management:

• Review and clear all treasury and investments related financial transactions for posting in SAP-GL for all company codes.
• Undertake analysis and recommend corrective measures to improve accuracy and completeness of financial statements.
• Monitor the recording of financial transactions related to IsDB treasury, funding, and investments in Misys.
• Generate income accruals from Misys for all treasury investments and make posting on SAP-GL.
• Review inter-fund reconciliations, resolve related issues, and follow up for the timely settlements.
• Monitor technical clearing accounts related to treasury investments and Project Assets.
• Compilation of the various Audit and Pension Committee reports for the assigned entities together with detailed financial analysis, commentary, and recommendations (if required).
• Development and formulation of appropriate financial performance indicators to be included in the Bank's annual report.
• Determine appropriate and relevant financial analysis metrics to adequately assess the financial performance of the relevant entities.
• Develop meaningful and user-friendly financial analysis reporting packs for each reporting entity.
• Provide accurate and timely financial analysis and other information on Treasury, Investment, and funding portfolio performance.
• Carry out periodic analysis of treasury investments, equity and other investments and funding instruments.
• Provide regular detailed analysis of the Funds financial performance to management.
• Preparation of monthly, quarterly, and annual financial statements with all the required disclosures for the assigned Bank entities.
• Prepare financial statements for the assigned funds and SPVs, in accordance with applicable IFRS/AAOIFI standards.
• Manage and finalize audits of the Funds and SPV's financial statements.
• Develop appropriate financial statement formats in accordance with relevant accounting frameworks for any newly created funds/entities.

• Participate in formulation and implementation of policies and procedures for the division.
• Ensure that all financial transactions comply with Generally Accepted Accounting Principles (GAAP).
• Formulate appropriate accounting frameworks in response to the introduction of new IFRS and AAOIFI standards.
• Coordinate within the department as well as all other relevant stakeholders to establish a framework of internal controls over the financial transactions of all departments to adequately safeguard assets and efficiently manage the liabilities.

Reporting & Communication:

• Prepare all Treasury, Investment and Funding related information and reports as per FCU requirements for the annual rating of the Bank.
• Prepare monthly financial reports on the Funds and highlighting areas of concern, if any.
• Prepare monthly and quarterly financial analysis and reports on the financial statements.
• Prepare ad-hoc reports/technical papers as and when required by management.
• Coordinate between internal departments & external auditors and follow up with the relevant departments on audit recommendations.
• Development and preparation of relevant reporting templates, data and other necessary detailed information needed for the Bank's credit rating exercise, external consultants for…