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IMI CIB - Accounting Manager

Intesa Sanpaolo Group
Dubai, United Arab Emirates
Closing date
Jul 25, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Intesa Sanpaolo is the banking group leader in Italy. Assisting more than 11,1 milion of retail customers through a network of 4400 branches, it significantly supports the development of Companies and gives an important sustain to the country's growth. The Group has a selected retail banking presence in Central and Eastern Europe, the Middle East and North Africa, with approximately 1,200 branches and 7.8 million customers in 12 countries. Intesa Sanpaolo is also present in 29 countries in support of its corporate customers' cross-border business. It is looking for new qualify profiles who want to face demanding and challenging career path with the following requirements

Scope and Purpose

  • Responsible for the timely and accurate preparation of financial reporting including, but not limited to, statutory reporting and head office reporting.
  • Responsible for all financial management aspects of business in view of Bank's strategy. Also provide leadership and coordination in business planning, budgeting, and performance measurement efforts for bank's business in UAE.
  • Ensure prompt, efficient and cost-effective processing of all tasks assigned to the Accounting and Administration Department
  • Ensure that all transactions are properly entered into accounting records.
  • Ensure timely and accurate verification of all daily reports aimed at highlighting any possible issues within the branch's accounting books.
  • Prepare and submit the quarterly Value Added Tax ("VAT") return to the tax authorities in UAE for all UAE branches.
  • Keep abreast of all taxation developments in the region and support the Branch's compliance with implementation of Corporate Income Tax and Transfer Pricing Regulations and other(s) as may be required from time to time.
  • Ensure that all accounts payable and receivable are regularly monitored, and relevant outstanding items duly justified and documented.
  • Support the Head of Accounting and Operations by forecasting capital budget related requirements, in coordination with the other managers in the department, particularly ICT and Building Services.
  • Ensure periodical cost analysis.
  • Direct supervision of staff within the Accounting & Administration Department, providing guidance on all operational, and organizational aspects.
  • Promote a culture of early and timely escalation, ensuring that root cause analysis is undertaken for all operational incidents and following these through with relevant recommendations.
  • Liaise with the organizational and IT functions within the bank in assessing needs for improvement within the bank's systems.
  • Ensure tests are carried out for new enhancements and upgrades of the systems and applications in use in the Department.
  • Oversee and ensure that requirements associated with the business continuity and disaster recovery plans are met.
  • Evaluate the policies and procedures of the department, implementing efficiencies where possible in order to improve its overall effectiveness.

Required Experience

  • Minimum 7 years, preferably in a Financial Institution or Big 4 Audit experience
  • Must display subject matter experience in IFRS accounting and DFSA regulatory reporting
  • Experience in the Financial Services industry

Required Qualifications, Skills and Knowledge

  • Bachelor's in Accounting or related field
  • Certification in Accounting preferable (e.g. CA, ACCA, CPA)
  • Master's degree a plus
  • Solid background in Accounting and Finance
  • Strong communication skills
  • Attitudes: Goal oriented, Problem Solving, Teamworking
  • Fluent English, Italian is a plus

Everyone is an asset for our Group and that person could be you! Check out our job opportunities, apply and join our team!

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