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Associate Director - Financial Controller

Employer
D360 Bank
Location
Riyadh, Saudi Arabia
Salary
Competitive
Closing date
Oct 29, 2024
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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description

This role is responsible for overseeing the preparation of financial transactions and monitor and validate the unreconciled balances with the internal stakeholders, ensuring regulatory compliance and managing financial systems, He/she will work closely with senior management to support the bank's financial health and strategic objectives

Responsibilities

  • Work with business units and relevant stakeholders to develop and implement accounting parametrization, ensuring alignment with organizational objectives and operational requirements.
  • Work with the Head of Finance and Head of Architecture to map and analyse financial transactions, ensuring alignment between financial processes and architectural design.
  • Monitor and investigate / validate the unreconciled balances related to Treasury, retail, cards, payment GLs;
  • Worked closely with the Operations team to investigate and resolve discrepancies in unreconciled balances, ensuring accurate and timely financial reconciliation
  • Prepare the product profitability across the business segments on monthly basis. In addition to this, conduct in depth financial analysis across each services lines including variance analysis, profitability analysis and cost management.
  • Oversee daily accounting operations, including accounts payable and account payments, and coordinate with the payments team to ensure that invoices are accurately posted and reconciled in accordance with invoice details and subsequent reports.
  • Oversee and manage financial activities associated with D360 production tasks, ensuring accuracy and alignment with financial policies and project requirements.
  • Responsible for reconciling core banking General Ledgers (GL) with Oracle GL, monitor and investigate discrepancies between the systems to ensure accurate financial reporting and resolution of any variances.
  • Develop and refine internal control processes to enhance financial reporting accuracy and efficiency.
  • Quality Control Over Transactions and Reporting, to oversee and ensure the integrity of financial transactions and reports.
  • Preform any ither duties as assigned
  • Enforce, incorporate, and comply with all necessary controls and related information security (EIS) policies, procedures, practices, training, reporting, personal due diligence, and vigilance, within departmental/unit activities and operations.

Qualifications

Preferred Qualifications
  • A tertiary-level qualification from an internationally recognized institution.
  • Master's degree or certifications in a relevant field a plus

Years & Nature of Experience
  • Would have 8 to 10 years of equivalent experience in finance
  • As an individual contributor, would be the subject matter expert for a capability area or key process in their organization and would typically be the person to lead design work in their area
  • Ability to analyze financial data and provide insights into the company's financial status with an eye for detail
  • Worked effectively with other areas and stakeholders outside their function
  • Has clearly demonstrated ability to link technical contribution back to business impact for their team or area
  • Strong knowledge of financial controls, policies, and procedures.

Technical Competencies
  • Accounting
  • Business Planning
  • Financial Performance Metrics

Behavioral Competencies
  • Communication
  • Decision Making
  • Digital Literacy
  • Teamwork

About Us

D360 Bank is a shariah-compliant digital bank that aims to provide the best financial experience in the Kingdom. Our Vision: To reinvent finance through innovation & technology making it convenient, accessible & fair to all.

About the Team

By becoming a part of our esteemed finance team at D360 Bank, you enter a realm where financial excellence and innovative thinking are highly valued. You'll gain access to a treasure trove of advanced tools and resources that will empower you to dissect financial data, discern emerging trends, and make well-informed decisions. Your expertise in financial modeling, forecasting, and risk management will be instrumental as you contribute to shaping the financial landscape of our bank, paving the way for a prosperous future.

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