IFRS Specialist

Aswaar Consulting; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading consulting firm is seeking a meticulous IFRS Specialist to strengthen its finance team. This position requires a qualified Chartered Accountant or CPA with hands-on experience in IFRS standards, as well as the ability to analyze their applicability to various business scenarios. The role involves preparing IFRS-compliant financial statements, advising on complex transactions, and keeping the organization updated with revisions in IFRS standards. Ideal candidates should exhibit strong analytical skills, excellence in communication, and substantial experience in the application of IFRS.

Qualifications

• Minimum 3 years of practical experience in IFRS application.
• Experience in financial reporting and technical accounting desired.
• Previous work experience in Big 10 firms is an advantage.

Responsibilities

• Analyze and interpret IFRS standards for business scenarios.
• Prepare IFRS-compliant financial statements and disclosures.
• Advise teams on IFRS-compliant accounting treatments.

Skills

Analytical Skills

Communication Skills

IFRS Knowledge

Education

Bachelor's degree in Accounting or Finance

Chartered Accountant (CA)

Certified Public Accountant (CPA)

ACCA

Certification in IFRS

Tools

ERP proficiency (Oracle)

Job description

We are looking for a meticulous and technically proficient IFRS Specialist to join our finance team. The ideal candidate will be a qualified CA, CPA, or ACCA, holding an additional IFRS certification, and possessing substantial hands-on experience in interpreting and applying IFRS standards. This role involves evaluating the applicability of IFRS to various business scenarios, assessing financial implications, ensuring accurate reporting, and effectively communicating findings to senior management.

Key Responsibilities:

• Analyze and interpret IFRS standards to determine their relevance and application to specific business transactions and scenarios.
• Prepare detailed accounting reports, including recommended treatments under IFRS, supported by analysis of financial impacts on the profit & loss statement, balance sheet, cash flows, and future operations.
• Develop and maintain technical accounting memos and position papers to support IFRS-based accounting decisions and disclosures.
• Ensure the accurate preparation of IFRS-compliant financial statements (both standalone and consolidated), including related disclosures and notes.
• Monitor, assess, and communicate the impact of new or revised IFRS standards; provide implementation guidance to relevant stakeholders.
• Advise cross-functional teams on IFRS-compliant accounting treatments for complex transactions.
• Offer specialized expertise in key IFRS areas, including but not limited to:
• IAS 12 – Income Taxes ,IFRIC 12 – Service Concession Arrangements
• IAS 38 – Intangible Assets IFRS 16 – Leases
• Support internal and external audit processes by providing documentation and technical insights on complex accounting issues.
• Update and maintain internal accounting policies to ensure alignment with evolving IFRS standards.
• Conduct training sessions and workshops to enhance IFRS knowledge and compliance within the finance team.
• Collaborate with business units to ensure accurate accounting practices and reporting compliance.

Desired Candidate Profile

• Qualified Chartered Accountant (CA), Certified Public Accountant (CPA), or ACCA, with a Bachelor's degree in accounting or finance.
• Mandatory certification/diploma in IFRS.
• Minimum of 3 years of practical experience in IFRS application, including financial reporting and technical accounting.
• Work experience in Big 10 will be an added advantage.
• Strong knowledge of IFRS standards and their real-world application across industries.
• Experience in financial systems; ERP proficiency, preferably with Oracle.
• Excellent analytical and communication skills, with the ability to convey complex accounting implications to non-finance stakeholders.
• Proven ability to evaluate, document, and justify accounting treatments and their financial impact.

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