Mashreq Bank Careers – Assistant Manager Financial Reporting

Job Description

Preparation, collection and consolidation of data for all profit centers so as to produce timely and accurate monthly, quarterly, half yearly and annual Group Accounts & MIS in line with International Financial Reporting Standards (IFRS), include audit, publication and printing of audited financial results.
Maintenance of General Ledger (GL) systems (Flexcube & Oracle) across all legal entities in terms of new GL set up, changing existing accounts, open Inter HO/Branches accounts.
Assisting to prepare & provide information to external auditors, UAE Central Bank examiners, rating agencies & PMAD for smooth accomplishment of their respective functions.
Perform Head Office accounting functions including maintenance of all accounting records, control and reports pertaining to Head Office.

Job Responsibilities

• Safe Custody of Property Documents, Share Certificates, Gold Coins and other MOA and AOA of different subsidiaries and arrange for its annual audit.
  
• Support to PMAD for providing information to reconcile Financial and Management Reporting
  
• Review audit engagement letters and invoices for correctness and arrange this to be signed. Also arrange approvals and/or payments for Overseas Consultancy Audit activities.
  
• Preparation of Information for Foreign Investment Surveys and economic surveys from various Emirates Statistics center.
  
• Assist in other functions viz., Voucher posting, auditors letter to Management and prepare/update SOPs/flow chart for existing and new functions as and when changes are made.
  
• Involve in testing and implementation of IFRS reports for consolidation to align with the change/revision in the International Financial

• Reporting Standard disclosure requirement.
  

• Perform Head Office accounting functions including maintenance of all accounting records, control and reports pertaining to Head Office
• Prepare monthly consolidated group financial statements including quarterly / reviewed financials and annual financials prepared as per International Financial Reporting Standards (IFRS).
• Liaison with external auditor for Quarterly & Annual Financials for MB Group, representation letter, publication & printing of Group Annual Report.
• Arrange to open set up of new GL Accounts in Flexcube and OGL and Inter Ho/branches accounts in UAE and Overseas Branches.
• Manage receipt of monthly downloads from Flexcube and Oracle. Assistance in due analysis / validation produce periodic data relating to Mashreqbank Group (UAE, Overseas & subsidiaries) for consolidation of financial results for the Group through automatic process (OFSA/HFM).
• Act as Central point for managing (prepare, validate, upload & reconcile) all financial adjustment (OFSA/HFM) across legal entities to finalize consolidated MB Group Financials.
• Manage and update all maintenance tables (OFSA/HFM) required to prepare MB Group Financials like GL mapping, Branch code, Business group, cost centers etc.
• Prepare information relating to Mashreqbank shares trading activities in Dubai Financial Market (DFM) for submission to management and maintain record thereof. Also arrange for payment of DFM Invoices

Job Requirements

• He should have excellent inter personal and written / spoken communication skills with good working knowledge of UAE Central Bank guidelines and International Financial Reporting Standards .
• Proficiency in computer application software is required.
• The incumbent should be a Qualified Accountant with 2/3 years of work experience in the field of Accounting &
• Management reporting in computerized environment, having reasonable knowledge of various products being offered.

Job Details

Company: Mashreq

Vacancy Type: Full-time

Job Location: Dubai, United Arab Emirates

Application Deadline: N/A

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