Manager Financial Control & Reporting

Talents Tide; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

A prominent financial institution based in Dubai is seeking a Manager of Financial Control & Reporting. The successful candidate will manage the Group Consolidation function, ensure compliance with International Financial Reporting Standards (IFRS), and oversee the financial reporting activities of all subsidiaries. This role requires a bachelor's degree and a professional qualification like ACA or ACCA, along with 8-10 years of experience in the banking sector.

Qualifications

• Minimum bachelor's degree and professional qualification (ACA, ACCA) required.
• 8 - 10 years of experience in the banking sector.

Responsibilities

• Prepare consolidated financial statements in accordance with IFRS.
• Manage group governance functions over financial reporting activities.
• Coordinate with subsidiaries to ensure consistent accounting policies.

Skills

Financial Reporting

Group Consolidation

Variance Analysis

Investor Relations

Education

Bachelor's degree

Professional qualification (ACA, ACCA)

Job description

Job Title: Manager Financial Control & Reporting

Reports to: AVP Financial Control & Reporting

Job Purpose

To manage the Group Consolidation function to ensure the timely compilation of the monthly financial information of the Bank and all of the subsidiaries and to maintain the Group Governance controls over the financial reporting activities of the subsidiaries.

Key Responsibilities

• Responsible for the preparation of the Groups consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS), rules and regulations of the UAE Central Bank, and all other related rules and regulations.
• Preparing quarterly group consolidation working in accordance with International Financial Reporting Standards (IFRS) / International Accounting Standards (IAS) within the stipulated deadline.
• Preparation of the high-level variance analysis for significant movement in the consolidated financial statements.
• Preparation of the quarterly performance presentations for Board of Directors.
• Managing the group governance function by applying the oversight on the financial reporting activities of the subsidiaries.
• Coordinate with all concerned subsidiaries within the Group to ensure that consistent accounting policies are applied in preparation of the financial information.
• Coordination with subsidiaries for reviewing and monitoring their financial deliverables ensuring the alignment with the bank's standards.
• Coordinate with the Investor Relations unit for providing the information to Rating Agencies.
• Review the investor presentations to ensure that the financial information is in agreement with the Group financial statements.
• Review the policies and procedures manuals and recommend for the necessary changes, amendments & updates in the policies and procedures and coordinate with relevant units within Finance Department.

Job Specification

Education: Minimum bachelor's degree and professional qualification i.e. ACA, ACCA

Work Experience: Minimum 8 - 10 years of experience in banking sector.