Financial Reporting

Unison Consulting Pte Ltd; Abu Dhabi; On-site; AED 60,000 - 120,000; Full time

Job summary

A financial consulting firm in Abu Dhabi is seeking a detail-oriented Financial Analyst. The ideal candidate will prepare financial statements and conduct extensive financial analysis with a strong understanding of IFRS. The candidate should have over 4 years of experience in financial reporting, with proficiency in tools like T24 and Oracle Reporting System. This role offers opportunities for professional growth in a dynamic environment.

Qualifications

• 4+ years of experience in financial reporting.
• Strong understanding of accounting principles.

Responsibilities

• Preparation of standalone and consolidated financial statements.
• Daily computation of product yield and cost of deposits.
• Preparation and reconciliation of data from various IT applications.
• Preparation of budget variance analysis.
• Coordinate with Risk & Collection team for NPL and ECL working.

Skills

Financial reporting

Balance sheet analysis

P&L analysis

IFRS standards

Analytical skills

Education

Bachelor's/Master’s degree in Finance, Accounting, Economics, or a related field

Tools

T24

Oracle Reporting System

Job description

Job Summary:
We are seeking a detail-oriented and analytical Financial Analyst to join our team. The ideal candidate will have proven experience in financial reporting, balance sheet and P&L analysis, and be well-versed in IFRS standards. Prior experience in banking or financial institutions is highly desirable.
Key Responsibilities:

• Preparation of standalone and consolidated financial statements for parent and subsidiaries along with key financial ratios and analysis.
• Daily computation of product yield, cost of deposits and funds and net interest margin at product and segment level.
• Preparation and Reconciliation of data extracted from various IT applications with Oracle Reporting System. This includes cross validation of numbers from system reports with Oracle GL System.
• Daily and monthly track of all Investments, Bank placements, Loans and advances, Deposits and Derivatives transactions including - Movement (Buy/ Sell/ Maturities and valuations) etc.
• Advising on the existing and new accounting policies/ New Accounting Standards/ IFRSs.
• Preparation of Budget Variance Analysis with actual performance at each business and segment level. This includes collaborating with various stakeholders for any budget reallocations within departments.
• Propose the period end closing entries on a timely basis and in accordance with the IFRS / IAS format, as per the agreed plan to ensure efficiency and timeliness.
• Ensure that provisions, accruals, prepayments, and other entries for periodic and annual closing of financial accounts for Bank are complete, accurate and adequately supported.
• Coordination with Risk & Collection team to finalize NPL and ECL working and disclosure as per requirements of IFRS9.
• Preparation of other financial and non-financial Disclosures required in preparation of interim and annual financial statements of the Bank.
• Providing guidance on financial reporting requirements during new product implementation including financial accounting, Policies and Procedures, pre & post system UAT and implementation etc.
• Ensure accuracy of reconciliations of all core products on a daily/ weekly/ monthly basis and report exceptions for correction and follow up to demonstrate efficiency in reporting.
• Prepare all necessary worksheets and financial analysis required by Auditors and other stakeholders.

• Bachelor's/Master’s degree in Finance, Accounting, Economics, or a related field.
• 4+ years of experience in financial reporting
• Experience in T24
• Experience in Balance sheet statement
• Strong understanding of IFRS and accounting principles.