Financial Control Manager Banking

Nair Systems; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a dedicated finance professional with extensive experience in banking and financial controls. This role involves managing general ledger accounts, conducting reconciliations, and leading internal control testing to ensure compliance with regulations. The ideal candidate will possess strong analytical skills, proficiency in financial software, and the ability to communicate effectively with stakeholders. Join a dynamic team where your expertise will contribute to process improvements and automation initiatives, enhancing the overall efficiency of financial operations. If you are passionate about finance and looking for a challenging opportunity, this is the perfect role for you.

Qualifications

• 5+ years in banking with strong finance and accounting knowledge.
• Professional qualifications like CPA, ACCA, or CA are mandatory.

Responsibilities

• Manage GL accounts and ensure quality balance sheet submissions.
• Conduct variance analysis and GL reconciliations regularly.
• Lead internal control testing and monitor compliance with ICFR.

Skills

Finance and Accounting Concepts

Banking Systems Knowledge

MS Excel

MS PowerPoint

MS Word

Attention to Detail

Effective Communication

Interpersonal Skills

Education

Bachelor's Degree in Finance, Accounting, Commerce

Professional Qualification (CPA, ACCA, CA)

Tools

Financial Control Systems

Reconciliation Software

Job description

Minimum Qualifications:
Bachelor's degree in finance, Accounting, Commerce or another related field.
Professional / Technical Qualifications / Diplomas:
A professional qualification (e.g., CPA, ACCA, CA) is mandatory.

Experience:
Minimum of 5 years of post-degree experience in the banking industry.
Minimum of 3 years of Financial Control & ICFR Experience.

Specialist Skills required for the Job:
Good knowledge of finance and accounting concepts.
Good understanding of banking systems and reconciliation framework.
Ability to work under pressure with minimal supervision.
Excellent verbal and written communication in English.
Systems knowledge and an advanced level of expertise in MS Excel, PowerPoint, and Word.
Attention to detail, accuracy, and ability to work under pressure and meet deadlines.
Effective communication and interpersonal skills to collaborate with various stakeholders.

Main Responsibilities and Accountabilities:

1. General Ledger (GL) Management & COA Maintenance:
   Perform periodic reviews and assign ownership for GL accounts.
   Ensure completeness and quality submission for balance sheet substantiation.
   Support in maintaining the Chart of Accounts (COA), including GL and office account creation and maintenance.
2. GL Substantiation & Reconciliations:
   Conduct a daily variance analysis for the TB to identify anomalies, misstatements, or irregularities.
   Perform monthly, quarterly, and annual review GL reconciliations.
   Ensure proper documentation and timely resolution of discrepancies.
   Coordinate with branches and units to enhance reconciliation processes in alignment with financial control policies.
3. ICFR Testing, Compliance & RCSA Support:
   Lead internal control testing for financial reporting, monitor compliance with ICFR requirements, assist in the annual Risk Control Self-Assessment (RCSA) to evaluate key risks and ensure regulatory and internal audit requirements are met.
   Identify and escalate financial risks and exceptions to management in a timely manner.
4. Process Improvement & Automation:
   Identify inefficiencies in financial control processes, implement automation solutions for reconciliation and reporting, and work with IT teams to enhance system controls and reduce manual interventions.
   Assist in the implementation of new systems and upgrades.
   Work with IT and finance teams to ensure system configurations align with business needs.
   Conduct regular reviews of system interfaces to ensure data accuracy and consistency.
   Troubleshoot system issues and coordinate with IT teams for resolution.