Lead - Financial Reporting

Job Purpose
• Assist in preparation, collection and consolidation of data for all Mashreq Bank entities to produce timely and accurate monthly, quarterly, half yearly and annual Financial Statements in line with International Financial Reporting Standards (IFRS).
• Assist in preparing & providing information to external auditors for preparation of financials and to regulatory unit for smooth accomplishment of their respective functions.
• Responsible for GL maintenance activities like GLs product, cost center, project codes etc.

Assist for Head Office accounting functions including maintenance of all accounting records pertaining to Head Office branch and related arrangements & recording of income from other sources etc.

Key Result Areas
• Assist in preparation of monthly consolidated group financial statements including quarterly / reviewed financials and annual financials prepared as per International Financial Reporting Standards (IFRS).
• Coordinate with external auditor for Quarterly & Annual Financials for MB Group in providing information required for their audit process.
• Responsible for opening set up of new G/L Accounts in Flexcube and OGL and Inter Ho/branches accounts.
• Manage receipt of monthly downloads from Flexcube, Oracle & Globus. After due analysis / validation produce periodic data relating to Mashreqbank Group (UAE, Qatar, Bahrain, Kuwait, Egypt, UK, USA, Hong Kong and Mumbai), Osool, Mindscape, Mashreq Securities, Mashreq Capital, MAIFC, IDFAA, Shorouq, Invictus and Makaseb for consolidation of financial results for the Group through automatic process
• Pass transactions & maintain/record of overseas branches Capital/Un-remitted P/L, Additional Reserve and related transfer of funds etc.
• Record Head Office income from others sources such as Management Fee, interest, Commission and other miscellaneous income etc.

Key Result Areas (Continued)

Assist in preparation of monthly/quarterly/yearly consolidation of financial results

Perform General Ledger requirement and open accounts for Mashreqbank group, open Inter HO/Branches accounts.

The job-holder has working relationships with all Branches / Subsidiaries / HO Divisions / Departments, as also External / Internal Auditors.
• Nature of job is complex since it involves in-depth knowledge of accounting and variety of different functional processes.
• Working knowledge and skills required on IFRS, accounting policies and systems to ensure job role is performed timely and accurately.

Knowledge, Skills And Experience

The incumbent should possess Chartered accountant with 3-4 years of work experience in the field of Accounting having reasonable knowledge of various products being offered.

Proficiency in computer application tool like MS Excel (vlookup, pivots etc.) and MS word is required.

Knowledge of Accounting systems like Core banking Flexcube, Oracle EPR would also be required.

Good communication skills in particular writing skills is very critical