IMI CIB - Head of Accounting

Intesa San Paolo; Dubai; On-site; AED 300,000 - 400,000; Full time

Job summary

A leading bank seeks an experienced Accounting Manager to oversee financial reporting and compliance in Dubai. The role entails managing all aspects of accounting, directing the Accounting and Administration Department, and ensuring adherence to financial regulations. Candidates should possess a strong background in financial management, accounting, and regulatory reporting, with at least 7 years of relevant experience.

Qualifications

• 7+ years in a financial institution or Big 4 audit.
• Proficient in IFRS and DFSA reporting.
• Strong background in Accounting and Finance.

Responsibilities

• Responsible for financial reporting and compliance.
• Supervise Accounting & Administration staff.
• Prepare quarterly VAT returns for UAE branches.

Skills

Financial Management

IFRS Accounting

Problem Solving

Teamworking

Strong Communication

Education

Bachelor's in Accounting

Certification in Accounting (CA, ACCA, CPA)

Master's degree

Job description

Scope and Purpose
• Responsible for the timely and accurate preparation of financial reporting including, but not limited to, statutory reporting and head office reporting.
• Responsible for all financial management aspects of business in view of Bank s strategy. Also provide leadership and coordination in business planning, budgeting, and performance measurement efforts for bank s business in UAE.
• Ensure prompt, efficient and cost-effective processing of all tasks assigned to the Accounting and Administration Department
• Ensure that all transactions are properly entered into accounting records.
• Ensure timely and accurate verification of all daily reports aimed at highlighting any possible issues within the branch's accounting books.
• Prepare and submit the quarterly Value Added Tax ( VAT ) return to the tax authorities in UAE for all UAE branches.
• Keep abreast of all taxation developments in the region and support the Branch's compliance with implementation of Corporate Income Tax and Transfer Pricing Regulations and other(s) as may be required from time to time.
• Ensure that all accounts payable and receivable are regularly monitored, and relevant outstanding items duly justified and documented.
• Support the Head of Accounting and Operations by forecasting capital budget related requirements, in coordination with the other managers in the department, particularly ICT and Building Services.
• Ensure periodical cost analysis.
• Direct supervision of staff within the Accounting & Administration Department, providing guidance on all operational, and organizational aspects.
• Promote a culture of early and timely escalation, ensuring that root cause analysis is undertaken for all operational incidents and following these through with relevant recommendations.
• Liaise with the organizational and IT functions within the bank in assessing needs for improvement within the bank's systems.
• Ensure tests are carried out for new enhancements and upgrades of the systems and applications in use in the Department.
• Oversee and ensure that requirements associated with the business continuity and disaster recovery plans are met.
• Evaluate the policies and procedures of the department, implementing efficiencies where possible in order to improve its overall effectiveness.
Required Experience
• Minimum 7 years, preferably in a Financial Institution or Big 4 Audit experience
• Must display subject matter experience in IFRS accounting and DFSA regulatory reporting
• Experience in the Financial Services industry
Required Qualifications, Skills and Knowledge
• Bachelor's in Accounting or related field
• Certification in Accounting preferable (e.g. CA , ACCA , CPA )
• Master s degree a plus
• Solid background in Accounting and Finance
• Strong communication skills
• Attitudes: Goal oriented, Problem Solving, Teamworking
• Fluent English, Italian is a plus

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