About the Role
The role involves assisting in the preparation, collection, and consolidation of financial data for all entities, ensuring the timely and accurate production of monthly, quarterly, half-yearly, and annual Financial Statements in accordance with International Financial Reporting Standards (IFRS). Responsibilities also include maintenance of General Ledger (GL) systems across legal entities, support for Head Office accounting functions, and collaboration with external auditors.
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Key Responsibilities
- Prepare monthly consolidated group financial statements, including quarterly reviewed financials and annual financials in line with IFRS.
- Liaise with external auditors for Quarterly and Annual Financials, representation letters, and the publication & printing of the Group Annual Report.
- Manage the setup of new GL Accounts in Flexcube and OGL as well as Inter Ho/branches accounts in UAE and overseas.
- Oversee the receipt of monthly downloads from Flexcube and Oracle, ensuring due analysis and validation to produce periodic data for the company, facilitating the consolidation of financial results through those systems.
- Act as the central point for managing all financial adjustments across legal entities to finalize consolidated Financials.
- Manage and update all maintenance tables required to prepare Financials including GL mapping, cost centers, and branch codes.
- Prepare and maintain documentation regarding the company shares trading activities in the Dubai Financial Market (DFM).
- Ensure safe custody of important documents such as property documents, share certificates, and other Memorandum and Articles of Association (MOA/AOA).
- Provide support in reconciling Financial and Management Reporting.
- Review and arrange for the signing of audit engagement letters and invoices while handling approvals for payments related to overseas consultancy audits.
- Prepare Information for Foreign Investment Surveys and economic surveys from various Emirates Statistics centers.
- Assist with voucher posting, auditors’ letters to management, and streamlining of Standard Operating Procedures (SOPs) for functions undergoing changes.
- Participate in the testing and implementation of IFRS reports to align with changes in the International Financial Reporting Standards.
Knowledge, Skills, and Experience
- Qualified Accountant with 2-4 years of work experience in Accounting and Management reporting within a computerized environment.
- Should possess excellent interpersonal and written/spoken communication skills while having a solid understanding of UAE Central Bank guidelines and IFRS.
- Proficiency in computer applications, especially MS Excel (vLookups, pivots) and MS Word, is necessary.
- Knowledge of accounting systems like Core banking Flexcube and Oracle ERP is required.
Qualifications
- Bachelor’s degree in Accounting with 2-4 years of relevant work experience in the field.
- Reasonable knowledge of various banking products and a strong understanding of accounting principles is necessary.
