Manager - Financial Control

Mashreq Bank PSC; Pakistan; On-site; PKR 500,000 - 800,000; Full time

Job summary

Mashreq Bank PSC in Pakistan seeks a senior Financial Reporting specialist focused on Sundry GLs and Internal Accounts. You will manage monthly variance analysis, ensure compliance with IFRS and internal policies, and drive accurate reporting for group level provisions and ECL.

The role requires CA/ACCA/CPA or equivalent with 6–7 years in financial reporting, preferably in banking, and strong proficiency in Oracle, IFRS, and Excel.

Qualifications

• CA, ACCA, CPA, or equivalent qualification required.
• 6–7 years of experience in financial reporting, accounting, or internal controls.
• Experience in banking/financial services preferred.

Responsibilities

• Review Sundry GLs and Internal Accounts for accuracy and compliance.
• Prepare and submit Sundry Account reports with variance explanations.
• Perform monthly variance analysis for Sundry GLs and Internal Accounts.
• Review MB Group Sundry Accounts in Oracle for UAE branches and coordinate with subsidiaries and overseas branches.
• Monitor internal controls: reverse balances, abnormal balances, mismatches, GL subsidiary differences, business purpose codes.
• Support month-end closing and post-closing adjustments.
• Monitor Charge/Write Off Accounts with Recoveries reporting.
• Ensure reconciliation of Nostro Mirror accounts for UAE.
• Manage Access review for financial reporting systems.
• Define and update SLA/SOP/APPM in line with bank policy.
• Handle exception management per Governance Framework.

Skills

IFRS knowledge

Financial analysis

Reconciliations

Exception management

Education

Chartered Accountant (CA)

ACCA

CPA

Tools

Core banking systems

Accounting software

Advanced Excel

Job description

Job Purpose:

This role focuses on ensuring the accuracy, compliance, and integrity of the Sundry GLs and Internal Accounts from a financial reporting perspective. The incumbent will perform monthly variance analysis, manage escalation and exception processes, critically review Sundry Accounts to minimize financial risks, and oversee key financial and internal control functions.

Responsible for preparation & managing of Group level NPL Classified advances and Provisions and IFRS 9 ECL

Key Result Areas:

Conduct periodic reviews of Sundry GLs and Internal Accounts, ensuring accuracy, completeness, and compliance with accounting standards and internal policies.

Review and submit periodic Sundry Account reports, providing detailed insights, variance explanations, and recommendations for improvement.

Perform comprehensive monthly variance analysis for Sundry GLs and Internal Accounts, ensuring timely identification of deviations from expected performance.

Conduct critical review, maintenance and exception reporting of MB Group Sundry Accounts in Oracle system, specifically for UAE branches and coordinate for Subsidiary companies and Overseas branches thereby minimizing any financial risk / loss to the Bank.

Responsible for Financial and internal controls functions such as monthly Reverse balances, abnormal balances, Mismatch balances monitoring, GL Subsidiary differences, business purpose code etc. Followed by performance of month-end closing including post-closing adjustments preparation and submission.

Assist in monitoring of Charge /Write Off Accounts as per bank policies in coordination with respective business units including reporting of Recoveries of Written Off accounts.

Ensure timely reconciliation and clearance of outstanding entries of Nostro Mirror accounts for UAE.

Responsible for managing the Access review functions for various systems and functions under the financial reporting unit.

Ensure SLA/SOP/APPM is defined and updated at regular intervals for the unit in line with Banks policy.

Responsible for exception management as per the Governance Framework.

Operating Environment, Framework and Boundaries, Working Relationships:

The role requires adherence to established policies and procedures, including maintaining timeliness and accuracy, to mitigate financial risks, reduce costs, and prevent financial loss.

The job holder collaborates with all MB UAE branches, head office departments, subsidiaries, and overseas branches of Mashreq Bank, as well as all staff members of Mashreq Bank, external and internal auditors, and other units within the bank.

Problem Solving:

Analyze large volumes of financial data, identify patterns, and isolate root causes of discrepancies or anomalies in Sundry GLs and Internal Accounts.

Assess various courses of action to resolve account discrepancies or control issues, considering both short-term fixes and long-term implications. Anticipate potential risks and develop preemptive measures to mitigate them.

Use root cause analysis techniques to resolve mismatches, abnormal balances, and other financial control issues.

Decision Making Authority & Responsibility:

Handle high-pressure situations, such as audit queries or reporting deadlines, with composure and efficiency.

Make informed decisions that balance speed with accuracy to minimize financial risks.

Work with internal teams (e.g., operations, risk, compliance) and external auditors to address data discrepancies and resolve conflicts.

Knowledge, Skills and Experience:

Education:

• Chartered Accountant (CA), ACCA, CPA, or equivalent qualification is required.

Experience:

• Minimum 6 to 7 years of experience in financial reporting, accounting, or internal controls, with a preference for experience in the banking or financial services sector.
• Proven track record in managing General Ledger accounts, variance analysis, and financial controls in a large organization.

Technical Skills:

• Strong knowledge of IFRS and regulatory reporting standards applicable to the banking sector.
• Expertise in financial analysis, reconciliations, and exception management.
• Proficiency in using core banking systems, accounting software, and advanced Excel tools.

Knowledge of internal controls over financial reporting (ICFR)