Assistant Manager - Group Consolidation (Emiratization)

James Douglas Middle East; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A prominent financial institution in the UAE is seeking an Assistant Manager for Group Consolidation. This role includes preparing financial statements, coordinating with auditors, and managing accounting records. The ideal candidate should be a qualified accountant with 2-3 years of experience and proficiency in computer applications. Knowledge of the banking system is a plus.

Qualifications

• Qualified Accountant with 2-3 years experience in Accounting & Management reporting.
• Proficiency in computer application software required.
• Knowledge of Banking system is an advantage.

Responsibilities

• Assist in preparation of consolidated group financial statements.
• Coordinate with external auditors for financial audits.
• Responsible for set up of new G/L Accounts in Flexcube and ERP.

Skills

Qualified Accountant

2 - 3 years of experience in Accounting & Management reporting

Proficiency in computer application software

Knowledge of Banking system

Job description

Assistant Manager - Group Consolidation (Emiratization)

Job Openings Assistant Manager - Group Consolidation (Emiratization)

About the job Assistant Manager - Group Consolidation (Emiratization)

Our client is a prominent and large financial institution based in the UAE. They are seeking a highly skilled professional to join the team as Assistant Manager Group Consolidation.

Job Purpose

• Assist in preparation, collection and consolidation of data for all the entities' to produce timely and accurate monthly, quarterly, half yearly and annual Group Accounts & MIS in line with International Financial Reporting Standards (IFRS).
• Assist in preparing & providing information to external auditors and UAE Central Bank examiners for smooth accomplishment of their respective functions.
• Perform Head Office accounting functions including maintenance of all accounting records pertaining to Head Office branch and related arrangements & recording of income from other sources etc.

Key Result Areas

• Assist in preparation of monthly consolidated group financial statements including quarterly / reviewed financials and annual financials prepared as per International Financial Reporting Standards (IFRS).
• Coordinate with external auditor for Quarterly & Annual Financials for the Group in providing information required for their audit process.
• Responsible for opening set up of new G/L Accounts in Flexcube and ERP.
• Assist in monthly flash and quarterly financial reports for senior management, incorporating comprehensive analysis of variances and comparative industry performance.
• Record Head Office income from others sources such as Management Fee, Interest, Commission and other miscellaneous income etc.
• Assist in Preparation of information for rating agencies, central bank, and managing surveys for regulators and statistical departments
• Review audit engagement letters and invoices for correctness and arrange this to be signed. Also arrange approvals and/or payments for Overseas Consultancy Audit activities.

Qualifications

• Qualified Accountant
• 2 - 3 years of work experience in the field of Accounting & Management reporting having reasonable knowledge of various products being offered
• Proficiency in computer application software is required
• Knowledge of Banking system would be added advantage