Senior Financial Reporting Analyst

Position - Lead - Financial Reporting

Job Purpose

Preparation of monthly financial statements including semiannual reviewed financials and annual financials prepared as per International Financial Reporting Standards (IFRS) for Overseas branches .

Responsible for centralized accounting functions relating to MB Overseas (Bahrain Retail , Qatar, Kuwait, Oman , Bahrain Wholesale, India, New York, London & Hong Kong) and related MIS..

Prepare and present information to external auditors and regulatory authorities.

To perform accounting and control functions for Overseas branches in an efficient and timely manner such that it confirms to the requirements of International Financial Reporting Standards, regulatory authorities and Bank’s Accounting Policies

Key result Areas

Preparation of financial statements, including semiannual reviewed financials and annual financials, in accordance with International Financial Reporting Standards (IFRS) for Overseas Branches.

Coordinate with external auditor in providing information required for their audit process. Managing financial notes in accordance with IFRS standards.

Prepare monthly financial reports for senior management, incorporating comprehensive analysis of variances

Perform comprehensive monthly variance analysis, ensuring timely identification of deviations from expected performance.

Support in Implementation of new systems or their upgrades along with testing of new products including reviewing product details, preparation of accounting entries.

Review outstanding items in Sundries Accounts of all Overseas Branches for follow up and escalate for settlement / write off instructions / approvals in line with APPM for Branches and take corrective action to safeguard against potential losses

Continuous review of areas requiring automation for generating MIS in an efficient and timely manner and carrying out testing for new or upgraded systems

Establishment of accounting procedures for new overseas branches.

Knowledge, Skills and Experience

The incumbent should be a Chartered Accountant (CA), Certified Public Accountant (CPA), or ACCA with over 4 years of experience in financial reporting and accounting with strong knowledge of IFRS and its application.

Proficiency in computer accounting software and core banking systems..