AVP- Financial Reporting

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading bank in the UAE is seeking a Financial Reporting professional to assist in preparing financial statements and liaising with various stakeholders for month-end processes. Ideal candidates should have a university degree in business or finance, 2-3 years of relevant experience, and strong financial analysis skills. This position offers an opportunity to contribute significantly to the bank's financial reporting functions.

Qualifications

• University degree in a relevant field plus a professional certificate.
• 2-3 years of experience in Financial Reporting.
• Working knowledge of banking operations and accounting.

Responsibilities

• Assist in the preparation of Group’s financials monthly and annually.
• Engage with stakeholders during month-end closure.
• Provide support for financial reporting activities.

Skills

Communication skills

Financial analysis

Attention to detail

Education

University degree in Business, Finance or Accounting

Qualified Professional preferred

Tools

MS Office

Business Applications software

Job description

• Sub Division: Group Finance - Reporting, Controls & Taxation
• Division: Group Finance

Company Description

Are you ready to join us on our exciting transformation journey at the largest bank in the UAE? This is an opportunity to make a real impact on our customers, employees, shareholders, and communities, as part of the FAB team. We're committed to our grow stronger movement, and as a member of our team, you'll have access to everything you need to advance your career and make a meaningful contribution to our shared success. If you're looking for a career that will help you stand out and make a difference, now is the time to join us. Let's work together to achieve great things.

Job Description

JOB PURPOSE:

The Group Reporting & tax team comprises of Group reporting teams (Financial & regulatory), Financial control and tax team. The unit falls under the Group Finance department and reports to the CFO.

Key priorities of this role under Group Financial Reporting team include:

• Assist in the Preparation of Group’s financials on a monthly, quarterly & annual financial statement and related disclosures, notes to financial statements etc
• Assist in the preparation of the variance analysis, reconciliations of key BS items like interbranch, retained earnings, investments, Loans, deposits, due from Banks, due to banks, foreign currency transactions reserve etc
• Assist in engaging with various stakeholders during the month end closure process and deals with the external auditors to meet their audit related requirements.
• Assist in liaising overseas branches and subsidiaries for the of their quarterly and annual review
• Assist in fulfilling the daily financial accounting function and financial reporting tasks.

The candidate will be responsible for providing support for various activities of the financial reporting team but also to the various functions within Group Finance, to understand reporting requirements.

KEY ACCOUNTABILITIES:

• Assist on a month end process and provide assistance in the preparation and processing of the top side adjustments in coordination with various overseas branches and various stakeholders.
• Assist the analysis on the top side adjustments and ensure in the reduction of the adjustments. Provide assistance to reduce manual adjustments
• Perform GL to deal wise reconciliation for various BS line items like Loans, deposits, investments, due from banks, due to banks, repo, reverse repo etc.
• Assist in various analysis on G&A expenses, internal interest income, fees etc and provide commentaries wherever required.
• Assist in updating various components of the financial packs which is circulated to senior management.
• Prepare and update key disclosures and notes of the financial statements for quarterly and yearly financials.
• Provide assistance in resolving various External auditors’ queries on a timely basis.
• Review of English and Arabic Financials and provide assistance in reviewing the quarterly and yearly disclosures related to other departments
• Review the financials of branches and subsidiaries.
• Perform various adhoc analysis required for the senior management.

Qualifications

• A university degree in a Business, Finance or Accounting in addition to professional certificate.
• Qualified Professional preferred or 2-3 years’ experience in a Financial Reporting Function
• A working knowledge of banking operations and accounting. Knowledge of MS Office is necessary. Knowledge of other software’s used in Business Applications is advantageous
• Ability to communicate with a variety of divisions within the bank, respond to the dynamic nature of reporting function whilst being able to meet daily deliverables.