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Financial Reporting Lead

Abu Dhabi Commercial Bank

7 - 8 years Abu Dhabi - United Arab Emirates

Bachelor of Commerce(Commerce), Bachelor of Business Administration(Management). Any Nationality


, Posted on May 15, 2018 1 Opening

Job Description

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Purpose: To develop, manage and implement all financial reporting and accounting related matters within the bank in order to ensure alignment and compliance with external standards and internal policies and procedures.
Financial Accounting and Reporting:
- Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with IFRS/other applicable regulations on a monthly, quarterly and annual basis to ensure that financial reports are delivered to internal and external stakeholders in a timely and accurate manner.
Analysis and Budget Preparation:
- Provide timely and robust financial analysis to support business decision-making and assist with the preparation of budgets and forecast in order to facilitate the delivery of the bank s budget in an accurate and timely manner.
General Ledger (GL) Review:
- Review the GL to provide reasonable assurance that the debits and credits are valid, accurate and complete. In addition, verify that transactions are appropriate and that they are compliant with all finance related policies and regulations.
Merger and Acquisition/Restructuring Support and Funds Accounting:
- Responsible for special accounting and book keeping of merger and acquisition and restructuring deals and supervises the maintenance of proper fund accounting records and reporting as required to comply with the accounting and regulatory requirements and to provide support to internal stakeholders on their accounting requirements/support.
Risk Management:
- Review and develop effective and robust financial policies and control procedures and ensure internal controls and systems are effective and efficient to minimise the risk of misreporting.
Relationship Management:
- Develop and maintain effective communication and positive working relationships with the internal and external stakeholders.
People Management:
- Manage self and team in line with ADCB s people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performance.
- Manage the effective achievement of the team s objectives through setting individual objectives, managing performance, developing the team and providing formal and informal feedback to maximise overall performance, engagement and motivation.
Policies, Processes, Systems and Procedures:
- Recommend and implement improvements to departmental policies, procedures and processes covering all areas of activity so that all relevant procedural requirements are fulfilled while ensuring that ADCB delivers best-in-class services, products and innovation.
Continuous Improvement:
- Identify opportunities to contribute to organisational and departmental change initiatives, programmes and projects taking into account best practice and standards in the business environment.
Customer Service:
- Demonstrate Our Promise and apply the ADCB Service Standards to deliver the bank s required levels of service in all internal and external customer interactions.


Industry Type : Banking / Financial Services / Broking
Functional Area : Finance / Treasury

Desired Candidate Profile


Bachelor s Degree in Finance or Accounting / Chartered Accountant or other equivalent qualification.
- At least 7 years of experience in accounting and the preparation of financial statements of banks.
Knowledge and Skill:
- Advanced understanding of international financial reporting standards and company laws
- Experience with banking accounting principles and procedures
- Knowledge of operating and capital budget concepts.
- Ability to analyse financial data and to prepare accurate reports
- Knowledge and ability in the use of a personal computer and software applications (Microsoft Word, Excel, Access, PowerPoint)
- Ability to effectively use a modern automated financial management system
- Knowledge of flexcube and desktop intelligence
- Strong organizational skills and the ability to maintain detailed records.

Keywords

Financial analysis IFRS Risk management Book Keeping Assurance Financial statements Fund accounting Customer service Policies Relationship management

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Abu Dhabi Commercial Bank

Founded in the year 1985, Abu Dhabi Commercial Bank is a full-service commercial bank that offers a comprehensive range of products and services including private banking, corporate banking, commercial banking, retail banking, cash management, investment banking, wealth management, corporate finance , foreign exchange, Islamic products, interest rate and currency derivatives, property management services and project finance. Today, ADCB has more than 50 branches and cash offices in the United Arab Emirates and 300 ATM's spread throughout the UAE. The bank has two branches in India as well.



The Emiratization strategy chalked by ADCB has been rewarded with Best Emiratization Awards four times. The bank’s success is backed by the Emarati Academy, which is working to provide necessary knowledge and training to ensure that the high school and university graduates graduating from their institution are fully prepared for branch or departmental roles.



ADCB’s aim is to become the most valuable bank in the UAE. Towards this end, the bank has grown and its presence and has gone from strength to strength with more than 5000 employees. The bank is committed to bringing out the very best from each and every employee. It believes in assessing not just the employee’s performance on the basis of the results achieved but also on the basis of how these results are achieved.
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