VP - Internal Control for Financial Reporting

Client of James Douglas Middle East; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a VP of Internal Control for Financial Reporting to enhance their financial governance. This pivotal role involves leading the ICFR program, ensuring compliance with IFRS, and collaborating with internal and external stakeholders. The ideal candidate will possess a strong background in financial reporting, advanced knowledge of IFRS, and a proven track record in managing large-scale projects. This role offers the opportunity to drive significant improvements in financial processes while fostering a culture of accountability and excellence within the organization.

Qualifications

• 15 years of experience in financial reporting and audit processes.
• Advanced knowledge of IFRS and COSO framework.

Responsibilities

• Lead the development and implementation of internal controls over financial reporting.
• Coordinate with teams to ensure compliance with regulatory standards.

Skills

IFRS

Financial Reporting

Analytical Skills

Stakeholder Management

Problem-Solving

Education

Chartered Accountant (CA)

CPA

ACCA

Bachelor of Business Administration

Tools

SAP

Oracle

Job description

VP - Internal Control for Financial Reporting

Bachelor of Business Administration(Management)

Nationality

Any Nationality

Vacancy

1 Vacancy

Job Description

Our client is a well-known large financial services organisation based in the UAE. They are looking to hire a VP Internal Control for Financial Reporting.

The job holder will lead the development, implementation, and monitoring of a robust Internal Control over Financial Reporting (ICFR) in line with the COSO framework to ensure the accuracy, integrity, and compliance of financial statements with International Financial Reporting Standards (IFRS).

The role is instrumental in identifying and mitigating financial reporting risks, addressing control deficiencies, and fostering a culture of accountability and continuous improvement. By collaborating with key stakeholders and providing technical expertise, this role ensures the organizations financial reporting processes meet regulatory standards and align with best practices, building confidence among management, auditors, and external stakeholders.

Key Result Areas

• Lead the ICFR program, ensuring the effectiveness of financial reporting controls.
• Develop and manage the ICFR framework, ensuring alignment with regulatory standards, accounting principles, and best practices.
• Coordinate with cross-functional teams to implement and maintain strong financial reporting controls.
• Design, document, and test internal control processes related to financial reporting in collaboration with relevant stakeholders.
• Identify control gaps, assess financial reporting risks, and recommend corrective actions.
• Lead process improvement initiatives to strengthen the control environment.
• Ensure compliance with relevant regulatory standards, IFRS/GAAP, and other financial reporting requirements.
• Oversee the annual ICFR assessment, including preparation of documentation, process narratives, risk assessments, and testing plans.
• Partner with internal and external auditors to coordinate ICFR audits and ensure timely remediation of identified deficiencies.
• Provide training and guidance to internal teams on ICFR requirements and control best practices.
• Mentor and coach ICFR team members, promoting a strong culture of compliance and control awareness.
• Liaise with senior management, finance, audit, and operations teams to address ICFR-related issues.
• Prepare and present ICFR program updates to executive leadership, audit committees, and other stakeholders.
• Collaborate with IT and process owners to align ICFR efforts with overall governance and risk management strategies.

Knowledge, Skills and Experience

• Chartered Accountant (CA), CPA, ACCA, or equivalent professional qualification.
• Advanced knowledge of IFRS is mandatory.
• 15 years of experience, with at least 5 years in a Big 4 audit firm.
• Extensive experience in IFRS, financial reporting, and audit processes in complex or regulated industries.
• Demonstrated success in leading teams and managing large-scale projects.
• In-depth understanding of IFRS, COSO framework, and financial reporting standards.
• Strong analytical and problem-solving skills with attention to detail.
• Proficient in using financial systems (e.g., SAP, Oracle, or similar ERP systems) and audit tools.
• Excellent communication and presentation skills.
• Strong leadership and stakeholder management abilities.
• Proven ability to work under pressure and meet tight deadlines.

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