Senior Analyst, Financial Accounting (UAEN)

Description

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile. 

Responsibilities:

• Conduct GL substantiations, ensuring all balances are supported with appropriate reconciliations and documentation.
• Perform in depth financial analysis and conduct financial investigations to identify discrepancies, weaknesses and recommend corrective actions.
• Assist in monitoring and enhancing financial controls ensuring compliance with standards, policies and regulatory requirements.
• Prepare and review accurate journal entries.
• Review and remediation of GL rejections.
• Support month-end, quarter-end and year-end closing process.
• Management and reconciliation of receivables, payables, prepaid expenses, unearned income, accrued expense, old items outstanding, deferred credits and manager cheques.
• Assists in the development and implementation of new processes/systems to create efficiencies and process maturity within Finance.
• Assist in managing Fixed Assets Register including depreciation, WIP capitalization, prepare monthly, quarterly and yearly reports that reflect the movement and position of Fixed Assets.
• LPOs management and issuance, create purchase orders for approved spend requests, validate against approved business cases or memos.
• Update procurement categories for LPOs as required and ensure data integrity in the PO system.
• Manage annual Insurance renewal process and claims handling.
• Confirm the accuracy of the Banca Assurance commission amount, monthly with insurance companies and account Banca Assurance products’ income and expenses, accurately ensuring error free accounting.

Service And Quality

• Ensure all work completed is accurate and well documented.
• Demonstrate personal responsibility and loyalty to the Company by adhering to corporate principles of business conduct, especially in relation to conflict of interest.
• Attend internal meetings where required and ensure action is taken to resolve any issues within a reasonable timeframe. 

Self-Development

• Take active interest to build skills and develop self to hold higher responsibilities

Requirements

Qualifications

• Graduate, preferably Chartered Accountant

Experience

• 4-5 years’ experience in finance / accounts functions preferably in a bank
• Experienced in Journals processing, GL substantiation, Payment process
• Proven experience of financial systems - ERP Tool (e.g. Dynamics 365)
• Understanding of financial accounting standards (IFRS) and financial control frameworks

Skills

• Planning and organizing skills
• Report writing and communication skills
• Numeracy and accuracy

Competencies

• Thinking analytically
• Communicating effectively
• Attention to detail