Lead - Financial Reporting.CAD-Financial Reporting

Preparation of monthly financial statements including semiannual reviewed financials and annual financials prepared as per International Financial Reporting Standards (IFRS) for Overseas branches . 

Responsible for centralized accounting functions relating to MB Overseas (Bahrain Retail , Qatar, Kuwait, Oman , Bahrain Wholesale, India, New York, London & Hong Kong) and related MIS..

Prepare and present information to external auditors and regulatory authorities.

To perform accounting and control functions for Overseas branches in an efficient and timely manner such that it confirms to the requirements of International Financial Reporting Standards, regulatory authorities and Bank’s Accounting Policies

1.   Preparation of financial statements, including semiannual reviewed financials and annual financials, in accordance with International Financial Reporting Standards (IFRS) for Overseas Branches.
2. Coordinate with external auditor in providing information required for their audit process. Managing financial notes in accordance with IFRS standards.   
3. Prepare monthly financial reports for senior management, incorporating comprehensive analysis of variances 
4. Perform comprehensive monthly variance analysis, ensuring timely identification of deviations from expected performance.
5. Support in Implementation of new systems or their upgrades along with testing of new products including reviewing product details, preparation of accounting entries.
6. Review outstanding items in Sundries Accounts of all Overseas Branches for follow up and escalate for settlement / write off instructions / approvals in line with APPM for Branches and take corrective action to safeguard against potential losses
7. Continuous review of areas requiring automation for generating MIS in an efficient and timely manner and carrying out testing for new or upgraded systems
8. Establishment of accounting procedures for new overseas branches.

The incumbent should be a Chartered Accountant (CA), Certified Public Accountant (CPA), or ACCA with over 4 years of experience in financial reporting and accounting with strong knowledge of IFRS and its application.

Proficiency in computer accounting software and core banking systems..

The leading financial institution in MENA While more than half a century old, we proudly think like a challenger, startup, and innovator in banking and finance, powered by a diverse and dynamic team who put customers first. Together, we pioneer key innovations and developments in banking and financial services. Our mandate? To help customers find their way to Rise Every Day, partnering with them through the highs and lows to help them reach their goals and unlock their unique vision of success. Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value.  We actively contribute to the community through responsible banking in our mission to inspire more people to Rise.