Assistant Vice President, Accounting & Internal Reporting

Sumitomo Mitsui Banking Corporation

Is the next step in your career at SMBC Group EMEA? We re looking for a n AVP Accounting & Internal Reporting for our Finance & Control Department to join our team.

The Accounting specialist shall support the Accounting & Internal Reporting team by taking ownership for the execution of regular accounting and reporting tasks for SMBC Dubai & SMBC ME regional offices in compliance with applicable policies and procedures. This will ensure compliance with accounting principles (SMBC values: Quality and sustainable growth).

Accounting & Reporting ongoing bookkeeping & accounting, preparation of annual financial statements and coordination of external audit, compliance with accounting standards (IFRS, & JGAAP), maintenance of internal system for financial accounting, financial (non-regulatory) reporting for SMBC Dubai & SMBC ME regional offices.

• Provide daily support to all departments & F&C sections relating to Financial Accounting mattersbr>Responsible for month end closure for Dubai and ME offices
• Compilation and preparation of the accounting reports (Month End / Quarter End /Term end reports)br>Support in the preparation of Audited Financial Statements and handling the related annual audit for SMBC Dubai & all SMBC ME offices
• Support the line manager in implementing adequate polices & procedure within accounting and having appropriate governance
• Assist various departments within the branch for their queries in relation to accounting of expenses, booking of fixed assets, recording expenses in the appropriate GL and any other adhoc requirements.
• Ad-hoc support to key projects with significant accounting
• Responsible for Cost Monitoring, Analysis & Reporting.
• Responsible for assessment of accounting standards and implementing IFRS accounting standards (including IFRS9 & IFRS 16)
• Support in compiling financial forecasting for RBP.
• Support in providing ROI related information to senior management under different methodologies
• Independent discussion with business on new products and resolution of problems
• Maintenance of Relationships with business, within finance and other departments
• A good team player
• Ongoing discussions with UK regional team
• Act as backup for other team members.

• Responsible for all regular accounting tasks in SMBC Dubai & SMBC ME offices, e.g.: General ledger monitoring, maintenance and control under IFRS & JGAAP
• Responsible for Month End / Quarter End /Term end reports by ensuring that the same is prepared as per JGAAP for internal & external stakeholders accurately & in a timely manner.
• High quality understanding of IFRS and accounting principles.
• Responsible for Cost Monitoring, Analysis & Reporting.
• Responsible for assessment of accounting standards and implementing IFRS accounting standards (including IFRS9 & IFRS 16)
• Responsible for month end closure for Dubai and ME offices by ensuring books are closed on a monthly basis after detailed scrutiny, investigation, identification & corrections of any incorrect or unusual booking or movement in the chart of accounts in a complete, accurate & timely manner.
• Manage polices & procedure within accounting and having appropriate governance
• Support in various activities related to Internal & external audit
• Support in New Product review process for F&C
• Independent discussion with business on new products and resolution of problems
• Assist various departments within the branch for their queries in relation to accounting of expenses, booking of fixed assets, recording expenses in the appropriate GL and any other adhoc requirements.br>Support in the preparation of Audited Financial Statements and handling the related annual audit for SMBC
• Dubai & all SMBC ME offices
• Support in testing & support in oracle system implementation in Dubai & all SMBC ME offices
• Support in implementing controls to enhance completeness and accuracy of processes in the finance department
• Competent Contact person for the different departments for all questions arising from the above-mentioned activities
• Key role in various automation initiative and coordinate with external & internal stakeholders for implementing various automation solution for Accounting & Control within the SMBC ME region.
• Support in compiling financial forecasting for RBP.
• Support in providing ROI related information to senior management under different methodologies.
• Maintenance of Relationships with business, within finance and other departments
• A good team player
• Ongoing discussions with UK regional team

• Solid experience in an accounting / finance role, preferably within a financial institution
• Strong knowledge in IFRS and JAAP Accounting
• Educated to bachelors level; any professional qualification is considered as a plus
• Be able to manage complexity
• Strong numerical skills
• Expert knowledge in Excel and overall tech-savvy to work with tools like Power BI or CoPilot.
• Demonstrating and promoting team spirit
• Be able to work independently