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Specialist Financial Reporting - Arabic Speaker

Employer
Westbourne Partners
Location
Doha, Qatar
Salary
Above Market Rate + Reloaction Package
Closing date
Aug 29, 2019

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Responsabilities:
  • Assist the 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 laws and regulations
  • 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.
  • Assist in Managing limits and exposures with a view to improving the Group's profits, whilst ensuring
  • Establish and enhance relationships with regulatory authorities to ensure that all regulatory reporting requirements are complied with.
  • Liaise with relevant officials from 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.
  • Build and maintain strong and effective relationship with the all other related departments and units to achieve the Group's goals/ objectives.
  • Ensure all financial regulatory reports/returns are prepared at a timely manner and are in line with the relevant regulatory requirements
  • 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.
  • Ensure generation and review of reports to monitor/ control market/ liquidity risk in conjunction with Group Risk.
  • Ensure monitoring and compliance with the best practices e.g. Basel II & III related reporting issues pertaining to credit risk, operational risk and market risk.
  • 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.
  • Possess a superior knowledge of finance related business processes and controls in all related operational areas.
  • Maintain an understanding of all pertinent regulations as well as best practices pertaining to financial reporting.
  • A sound knowledge of International Accounting Standards/ IFRS and relevant Basel II pronouncements.
  • Hold meetings with direct reports and assess their performance. Also take decisive action to ensure speedy resolution of unresolved grievances or conflicts amongst Financial Reporting unit personnel.

Requirements:
  • Bachelor's 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.
  • Excellent oral and written communication skills in English and Arabic
  • In depth knowledge of financial control processes and related pronouncements, including but not limited to, IFRS, IAS, AAOIFI and relevant Basel II & III guidelines.
  • Strong understanding of risk management tools and techniques.
  • Well-developed analytical and interpersonal skills.
  • Ability to deliver under pressure.
  • Ability to build relationships across the organization to deliver results.
  • Knowledge of accounting rules for the various products of the Group.

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