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Financial Reporting Specialist

Employer
Qatar National Bank (QNB)
Location
Doha, Qatar
Salary
See description
Closing date
Mar 12, 2019

View more

Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors

Role Description

    • Assist  Head of Group Financial & Regulatory Reporting to create long-term financial strategies to maximize shareholder value and the underlying growth of the share price whilst pursuing prudent policies.

    • Monitor limits and exposures with a view to improving the Group's profits, whilst at the same time ensuring compliance with the consolidated/ overall limits approved by the Board.

    • Ensure timely and balanced disclosure of all material matters concerning the Group. In doing so, develop mechanisms designed to ensure compliance with all relevant Qatari laws and regulations e.g. Qatar Central Bank regulations and also international laws and regulations in other locations in which the Group operates.

    • Assist Head of Group Financial Reporting & Group Consolidation in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to the financial reporting related process and monitor the achievements of its individual departments/ units on periodic basis.

    • Establish and enhance relationships with regulatory authorities to ensure that all regulatory reporting requirements are complied with.

    • Liaise with relevant officials from QCB and the external auditors of the Group, on matters pertaining to presentation and disclosure of financial statements, emerging financial reporting trends, impacts of proposed accounting standards etc.

    • Ensure all financial regulatory reports/returns are prepared at a timely manner and are in line with the relevant regulatory requirements e.g. Shari'a reporting requirements, other QCB requirements, Qatar Exchange (Q.E.) related requirements overseas segments etc.

    • Ensure monitoring of local and international regulatory changes, accounting standards and assess the impact of such changes on the periodic reporting to the regulators of the respective jurisdictions and also assess the impact of such changes on the financial statements.

    • Ensure the existence, timely updating and continuous adherence to Group policies and procedures relating to preparation/submission of regulatory returns, consolidated financial statements etc.

    • Oversee the preparation of consolidated financial statements for the Group in a timely and efficient manner.

    • Ensure disclosures made are in accordance with international accounting standards and applicable regulatory requirements for group consolidation.

    • Implement the structure to independently verify and safeguard the integrity of Group's financial reporting. In doing so, supervise the review and authorization processes designed to ensure truthful and factual presentation of the Group's financial position.

    • Responsible for the development and successful implementation of the Group's FSCP.

    • Spearhead Group efforts relating to projects and initiatives pertaining to developments in FRM tools/techniques.

Qualifications

    • Bachelor/ Masters degree preferably in finance, accountancy or related subjects.

    • Professional certification such as CPA, CA, CMA, CFA etc. is a plus .

    • Minimum of 6 years experience in a major bank of which at least 2 years in bank in a managerial capacity in the financial reporting function.

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