Chief Financial Officer Islamic Bank of Afghanistan

Responsible for the finance, accounting and reporting functions, including quarterly and annual financial statements; business plans; forecasts; management reporting; Da Afghanistan Bank returns; business strategy; funding options; accounting records; accounting policies.

• Business plan – prepare the annual business plan; prepare periodic financial projections during the year; prepare the 5-year strategic plan; ensure the financial targets are achieved through variance reporting and discussion with division heads.
• Funding – work with Treasurer to diversify sources of funding in most flexible and cost effective manner.
• Strategy – assist CEO to formulate the optimum future strategy.
• Objectives – assist CEO to formulate annual objectives for division heads.
• Financial reporting – prepare interim financial statements and annual financial statements for review / audit by external auditors.
• Management reports – prepare management and statistical reports for management and Asset Liability Committee (ALCO), including (where relevant) departmental income and expenses, product profitability, customer profitability.
• Accounting policies – establish and maintain all accounting policies, in accordance with IFRS/AAOIFI.
• Central Bank returns – prepare and submit periodical statistical and prudential returns as per Da Afghanistan Bank requirement.
• Central Bank meetings – prepare financial data for meetings and attend as required.
• Transactions - ensure all daily transactions are correctly recorded in the accounting system.
• Fixed assets – tag all items; maintain a computerized listing; confirm existence and location through regular physical verification.
• Balance reconciliation – perform a reconciliation of every asset and liability account periodically (preferably on month ends).
• Chart of accounts – prepare and maintain the chart of accounts manual.
• Centres – ensure the cost centre structure is adequate to track departmental revenues and expenses for budgetary control.
• Expenses – supervise the raising of expense cheques, ensure within budget, ensure cheques are correctly approved and accounting entries are correct.
• Accounting systems - liaise with I.T. Department on required changes to provide state-of-the-art integrated systems; report all system problems promptly.
• Board meetings – assist the CEO to prepare agendas, write minutes, assemble board reports, and arrange proxies and related correspondence.
• Committees – be member of Management Committee and ALCO.
• Correspondence - prepare all required internal memos and external correspondence.
• Manuals - ensure Accounting and Finance policy and procedure manuals are prepared for all activities, regularly updated and fully complied with.
• Knowledge and contacts - remain current on market developments including new products, government regulations, central bank regulations and major accounting standard changes; maintain required contact with external parties.
• “Ad hoc” reports – prepare as requested by the CEO.
• Supervision - supervise and assist as required all direct reports and ensure all tasks (including his duties) can be performed by a minimum staff.
• Other tasks - perform all other applicable tasks and duties within the realm of his knowledge, as directed by the CEO.
• In-depth knowledge of double-entry bookkeeping, IAS (International Accounting Standards), International Financial Reporting Standards (IFRS) and GAAP (Generally Accepted Accounting Practice) AAOIFI (Accounting and Auditing Organization for Islamic Financial).
• In-depth knowledge of at least one leading banking or finance accounting package.
• Knowledge of Islamic Banking
• Knowledge of common types of investments including bonds/securities, funds, hedge funds, equities and financial instruments/derivatives.
• Profit & Loss Distribution/ Creation of pool Management
• Knowledge of principal bank products and services including money market, Forex and funds transmission.
• Familiarity with economic terms and ratios.
• Knowledge of central bank rules and regulations.
• Familiarity with the international banking sector.
• Familiarity with Word, Excel, PowerPoint and other commonly used software packages.
• Excellent written and spoken English, with Dari/Pashtoo skills a bonus.