Financial Accounting/Reconciliation Expert - Banking Sector - Consulting Firm - Contractual

At Outsized, we match clients in financial services and management consulting to high-quality independent consultants and boutique/specialist firms for the execution of their key projects.

Our client, a premier consulting firm, is urgently seeking a seasoned SMEs with solid finance/reconciliation expertise, specialised in banking for an on-site project in Riyadh. This prestigious project, initially set for 3-4 months, presents a high likelihood of extension, offering the chosen expert a chance to influence financial practices within the end client bank significantly.

Responsibilities:

- Reconciliation Framework: Developing and implementing a comprehensive reconciliation framework for various account types, including General Ledger, credit cards, debit cards, financial institution accounts, payment gateways all Cash in/out Channels and aggregation POS accounts.

- Providing strategic insights and best practices for optimizing the manual reconciliation processes

- Training internal team to ensure sustainable and efficient reconciliation operations

- Income Recognition: Develop and implement income recognition principles for Retail businesses, covering both yield-based and fee-based income.

- Performance Reporting: Design performance reporting frameworks that consider underlying assumptions and data sources, ensuring accuracy and insightful analysis for decision-making.

Requirements

Expertise :

- Strong background in financial accounting within the banking sector, particularly experienced in reconciliation, income recognition and performance reporting

- Qualifications: Must possess CA, CFA, or an MBA in Finance from a reputable institution.

- Experience: A minimum of 10-15 years of relevant experience, with a proven track record of success in financial accounting roles within the banking industry.

- Stakeholder Management: Demonstrable ability to present to and interact with senior stakeholders, conveying complex financial concepts clearly and effectively.

Skills:

- Proficient in financial analysis and reporting, with a deep understanding of banking operations and reconciliation and income streams.

- Expertise in handling financial disputes, reconciliations, and clawback procedures.

- Strong quantitative skills, with the ability to analyse data sources and assumptions used in performance reporting.

- Excellent communication and presentation skills, with the capacity to engage effectively with high-level stakeholders.

Other Important Information:

- This is a contractual opportunity and will be onan initial 3-4 months contract. This project would require the candidate to be based out of Riyadh KSA for the duration of the role.

- Given the strategic importance of this project, the selected candidate must exhibit a high degree of professionalism, technical expertise, and stakeholder management skills.

- If you are a Financial Accounting / Reconciliation Expert with a rich background in the banking sector and meet the above qualifications, we encourage you to apply for this unique opportunity to contribute to a prestigious project with a leading consulting firm in Riyadh