Mashreq - Senior Manager - Financial Reporting
Posted 1 day ago
Posted 1 day ago
Description:
- Responsible for preparing the bank's standalone and consolidated financial statements, including those of its subsidiaries, in accordance with International Financial Reporting Standards (IFRS) and regulatory requirements.
- The role involves hands-on tasks such as preparing disclosures, resolving audit queries, and collaborating with internal units to gather and validate data for financial reporting.
- Accurate and timely preparation of standalone and consolidated financial statements.
- Compliance with IFRS, regulatory requirements, and internal policies.
- Successful and efficient external audit processes.
- High-quality financial disclosures and supporting schedules.
Preparation of Financial Statements:
- Prepare standalone and consolidated financial statements for the bank and its subsidiaries, ensuring compliance with IFRS and local regulations.
- Review trial balances, perform adjustments, and prepare reconciliations to ensure the accuracy of financial reports.
- Draft and finalize the financial statements, including the accompanying notes and disclosures.
Coordination with External Auditors:
- Serve as the point of contact for external auditors during interim and annual audits for any financial statements related aspect.
- Provide audit schedules, supporting documents, and explanations for financial statement line items.
- Address audit findings and implement necessary adjustments promptly.
Data Gathering and Disclosures:
- Collect and validate data from various departments (e.g., Treasury, Risk, Operations, and Legal) for inclusion in the financial statements.
- Prepare detailed notes and disclosures in compliance with IFRS, ensuring accuracy and completeness.
- Analyze and incorporate feedback from internal stakeholders and auditors into the financial reports.
Compliance and Regulatory Reporting:
- Ensure that all financial reports are prepared in compliance with regulatory requirements and internal policies.
- Assist in preparing submissions to regulatory authorities, including any mandatory filings or disclosures.
Process Enhancement:
- Identify inefficiencies in financial reporting processes and recommend improvements.
- Contribute to the implementation of automation tools and standardized templates to streamline reporting.
Cross-Department Collaboration:
- Work closely with internal departments to ensure data consistency and accuracy.
- Liaise with the Treasury and Risk teams for valuations, provisioning, and other critical inputs to the financial statements.
- Coordinate with IT or systems teams for enhancements to reporting tools and systems.
Education:
- Professional certification such as Chartered Accountant (CA), Certified Public Accountant (CPA), or ACCA is required.
Experience:
- 7 to 8 years of hands-on experience in financial reporting or auditing, preferably within the banking or financial services sector.
- Proven ability to prepare financial statements under IFRS independently.
- Experience working with external auditors and managing audit deliverables.
Technical Expertise:
- Strong knowledge of IFRS and its application in financial reporting.
- Familiarity with banking-specific accounting issues such as financial instruments (IFRS 9), lease accounting (IFRS 16), and consolidations (IFRS 10).
- Proficiency in financial reporting tools and core banking systems.
- The leading financial institution in MENA.
- While more than half a century old, we proudly think like a challenger, startup, and innovator.
- in banking and finance, powered by a diverse and dynamic team who put customers first.
- Together, we pioneer key innovations and developments in banking and financial services.
- Our mandate? To help customers find their way to Rise Every Day, partnering with them through.
- the highs and lows to help them reach their goals and unlock their unique vision of success.
- Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value.
- We actively contribute to the community through responsible banking in our mission to inspire more people to Rise.
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