Senior Officer, Financial Reporting

Terracotta Outsourcing; Abu Dhabi; On-site; AED 60,000 - 120,000; Full time

Job summary

A financial services company in Abu Dhabi is seeking a detail-oriented Senior Officer – Financial Reporting. The ideal candidate will have strong knowledge of IFRS and a professional qualification, with at least 3 years of experience in the banking sector. Responsibilities include preparing financial statements, reconciling data, and advising on accounting policies. This role offers an AED 12,000 salary and requires strong analytical and problem-solving skills.

Qualifications

• Strong knowledge of IFRS and UAE laws & regulations.
• Minimum 3 years of banking sector experience.

Responsibilities

• Prepare standalone and consolidated financial statements.
• Perform daily computation of product yields and net interest margin.
• Reconcile financial data from various IT systems.
• Advise on accounting policies and financial reporting requirements.
• Prepare budget variance analysis.

Skills

Result orientation

Strong communication

Teamwork & collaboration

Attention to detail

Time and priority management

Client orientation

Education

Professional qualification (ACA, ACCA, CPA)

Tools

Oracle GL

Job description

Job Title: Senior Officer – Financial Reporting

Function: Finance

Sub-Function: Financial Reporting

Location: Abu Dhabi

Contract Duration: 12 Months

Salary : AED 12,000/-

Job Purpose

We are seeking a detail-oriented and experienced Senior Officer – Financial Reporting to support the Finance team. The role involves managing day-to-day financial accounting activities, including preparation of reconciliations, trial balances, and financial statements, ensuring accuracy, timeliness, and compliance with IFRS standards.

Key Responsibilities

• Prepare standalone and consolidated financial statements for the organization and its subsidiaries, including key financial ratios and analysis.
• Perform daily computation of product yields, cost of deposits/funds, and net interest margin at product and segment levels.
• Reconcile financial data from various IT systems with Oracle GL, ensuring accuracy and consistency.
• Track investments, placements, loans, deposits, and derivatives transactions (buy/sell/maturities, valuations, etc.) on a daily and monthly basis.
• Advise on accounting policies, IFRS updates, and financial reporting requirements.
• Prepare budget variance analysis and collaborate with stakeholders on budget reallocations.
• Propose and process period-end closing entries in line with IFRS/IAS standards.
• Ensure accuracy and completeness of provisions, accruals, prepayments, and year-end financial closures.
• Work with Risk & Collections teams on NPL and ECL reporting in compliance with IFRS 9.
• Support preparation of interim and annual disclosures required for financial statements.
• Provide input during new product implementation, including accounting, policies, procedures, UAT, and systems integration.
• Perform reconciliation of all core products, report exceptions, and follow up for corrections.
• Prepare worksheets and financial analyses for auditors and other stakeholders.

Stakeholder Interaction

Internal: CFO, Finance Director, Finance Team, other departments as required.

External: Auditors, consultants, financial institutions, and regulatory authorities.

Competencies & Skills

Behavioral:

• Result orientation
• Strong communication
• Teamwork & collaboration
• Attention to detail
• Time and priority management
• Client orientation

Technical:

• MIS reporting
• Financial accounting & reporting
• Budgeting & cost analysis
• Risk analysis
• Knowledge of UAE laws & regulations

Knowledge & Abilities:

• Strong analytical and problem-solving skills
• Effective verbal and written communication
• Advanced computer literacy
• Excellent planning and organizational skills
• Adaptability to diverse work environments and cultures

Qualifications & Experience

• Professional qualification (ACA, ACCA, CPA) with strong knowledge of IFRS.
• Minimum 3 years of banking sector experience, with exposure to derivatives, trade finance, and cash management.