Senior Manager – Accounting, Reporting & Controls

The Arab Energy Fund; Riyadh; On-site; SAR 250,000 - 420,000; Full time

Job summary

The Arab Energy Fund in Riyadh seeks a seasoned finance leader to own theGroup's accounting and regulatory reporting, ensuring IFRS compliance and robust internal controls. You will guide complex financial transactions, develop policy memoranda, and coordinate with external auditors to resolve reporting issues.

With 8+ years in banking finance and at least 2 years in management, you will oversee statutory statements, CBB submissions and ICFR framework development for accurate, timely financial

Qualifications

• 8+ years in finance and accounting in Banking.
• 2+ years of managerial/ supervisory experience.
• 2+ years of financial accounting in the banking sector with strong accounting skills especially in Treasury products.
• Sound understanding of financial controls, ICFR, risk and control assessments, and financial reporting governance.
• Strong technical knowledge and practical application of IFRS, particularly financial instruments, valuations, impairments and complex accounting transactions.

Responsibilities

• Ensure the integrity, accuracy and compliance of the Fund’s financial accounting and reporting through effective application of IFRS, accounting policies and regulatory requirements.
• Provide technical accounting expertise and guidance on complex financial transactions, accounting estimates and emerging IFRS requirements.
• Oversee statutory financial statements and regulatory reporting to the Central Bank of Bahrain (CBB), ensuring accuracy, completeness and timely submission.
• Establish and maintain a robust financial control environment, including central financial controls, business-level controls and Internal Controls over Financial Reporting (ICFR).
• Oversee the application of IFRS and accounting policies to ensure accurate and consistent recognition, measurement and presentation of financial transactions.
• Provide technical accounting guidance on complex transactions, financial instruments, valuations, impairments and other significant accounting matters.

Skills

IFRS knowledge

ICFR

Regulatory reporting

Financial statements

Leadership

Financial controls

Treasury knowledge

Job description

• Ensure the integrity, accuracy and compliance of the Fund’s financial accounting and reporting through effective application of IFRS, accounting policies and regulatory requirements.
• Provide technical accounting expertise and guidance on complex financial transactions, accounting estimates and emerging IFRS requirements.
• Oversee statutory financial statements and regulatory reporting to the Central Bank of Bahrain (CBB), ensuring accuracy, completeness and timely submission.
• Establish and maintain a robust financial control environment, including central financial controls, business-level controls and Internal Controls over Financial Reporting (ICFR).
• Oversee the application of IFRS and accounting policies to ensure accurate and consistent recognition, measurement and presentation of financial transactions.
• Provide technical accounting guidance on complex transactions, financial instruments, valuations, impairments and other significant accounting matters.
• Review significant accounting estimates, judgements, provisions and adjustments to ensure compliance with applicable accounting standards.
• Prepare and review technical accounting memoranda, position papers and assessments of new or amended accounting standards.
• Oversee the integrity of accounting records, general ledger balances and financial closing processes, ensuring timely and accurate financial information.

Coordinate with relevant stakeholders and external auditors to resolve accounting issues and ensure consistent application of accounting policies.

• Lead the preparation and review of interim and annual financial statements in accordance with IFRS and applicable statutory requirements.
• Oversee the preparation, validation and timely submission of applicable regulatory reports and returns to the Central Bank of Bahrain.
• Ensure the accuracy, completeness and consistency of financial and regulatory reporting through reconciliations, analytical reviews and supporting documentation.
• Manage external audit activities, including audit deliverables, technical discussions and timely resolution of audit findings.
• Develop, implement and maintain an effective financial control framework covering central Finance activities, business processes and financial reporting.
• Oversee key financial controls, including general ledger reconciliations, journal approvals, account ownership, segregation of duties and financial closing controls.
• Coordinate with relevant business functions to strengthen transaction-level controls, financial data integrity and reconciliation processes.
• Lead the development and implementation of the ICFR framework, including risk and control matrices, control documentation and assessment of control design and operating effectiveness.
• Monitor control deficiencies, reconciliation exceptions and audit observations, ensuring timely remediation and appropriate escalation.
• Promote a strong financial control culture through effective governance, clear accountability and continuous improvements.
• Develop, maintain and periodically review accounting policies, procedures and guidelines in accordance with IFRS and regulatory requirements.
• Ensure consistent application of accounting policies and financial control standards across the Fund.
• Identify and implement opportunities to improve the efficiency, accuracy and effectiveness of accounting, reporting and control processes.
• Support enhancements to financial systems, automation and integration of accounting and reporting processes.

Provide accounting and control assessments for new initiatives, system changes and process improvements.

• Act as a key technical accounting and financial control adviser to internal stakeholders.
• Maintain effective relationships with external auditors, regulatory stakeholders and professional advisers.
• Provide guidance and support to Finance and business teams on accounting, reporting and financial control matters.
• Manage and develop team capabilities through coaching, knowledge sharing and performance management.

Support the Financial Controller in delivering departmental objectives and strengthening financial governance.

Industry / Domain:

Banking, financial services or investment institutions.

Necessary Knowledge and Experience:

• 8+ years in finance and accounting in Banking
• 2+ years of managerial/ supervisory experience
• 2+ years of financial accounting in the banking sector with strong accounting skills especially in Treasury products
• Sound understanding of financial controls, ICFR, risk and control assessments, and financial reporting governance.
• Strong technical knowledge and practical application of IFRS, particularly financial instruments, valuations, impairments and complex accounting transactions.
• Experience with financial systems, accounting process improvements and automation.

Experience in regulatory reporting, preferably under CBB or comparable banking regulatory requirements