Mashreq - Lead - Financial Reporting - CA/CPA

KEY RESULT AREAS:

- Preparation of financial statements, including semiannual reviewed financials and annual financials, in accordance with International Financial Reporting Standards (IFRS) for Overseas Branches.

- Coordinate with external auditor in providing information required for their audit process.

- Managing financial notes in accordance with IFRS standards.

- Prepare monthly financial reports for senior management, incorporating comprehensive analysis of variances.

- Perform comprehensive monthly variance analysis, ensuring timely identification of deviations from expected performance.

- Support in Implementation of new systems or their upgrades along with testing of new products including reviewing product details, preparation of accounting entries.

- Review outstanding items in Sundries Accounts of all Overseas Branches for follow up and escalate for settlement / write off instructions / approvals in line with APPM for Branches and take corrective action to safeguard against potential losses.

- Continuous review of areas requiring automation for generating MIS in an efficient and timely manner and carrying out testing for new or upgraded systems.

- Establishment of accounting procedures for new overseas branches.

- To ensure that SOP's related to Overseas accounting & reporting are up to date and maintained in the system.

- Coordinating with respective teams in opening/modification of GL's in Flexcube.

- Maintaining up to date mapping of all the GL's in the OFSAA system.

OPERATING ENVIRONMENT, FRAMEWORK AND BOUNDARIES, WORKING RELATIONSHIPS:

- Preparation of monthly/quarterly/yearly financial results.

- Perform General Ledger requirement, Review of accounting for new products, Implementation and review of IFRS standards.

- The job-holder has working relationships with all Branches / Subsidiaries / HO Divisions / Departments, as also External / Internal Auditors.

KNOWLEDGE, SKILLS AND EXPERIENCE:

- The incumbent should be a Chartered Accountant (CA), Certified Public Accountant (CPA), or ACCA with over 4 years of experience in financial reporting and accounting with strong knowledge of IFRS and its application.

- Proficiency in computer accounting software and core banking systems.