Senior Financial Reporting Analyst Bhavnagar

Job Purpose

To perform the centralized accounting functions relating to MB Subsidiaries (Osool, Mashreq Securities, Mashreq Capital, MIT, Invictus, Shorouq, Pak DB and COEs) and related MIS.

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

Responsible for ensuring integrity of accounting and MIS, Regulatory Compliance, Expense Control, Completion for special projects undertaken from time to time and to ensure all sundries are settled in accordance with the ADM.

Key Result Areas

1) Ensure recording of transactions and reporting for UAE & Subsidiaries are in conformity with International Financial Reporting Standards and Bank’s Accounting Policies.

2) Execute maker-level activities within the Core Flexcube system, ensuring accurate and timely processing of financial transactions, review parameter changes, and general ledger operations.

3) Finalization of Annual\Quarterly Financial Accounts for subsidiaries as per International Financial Reporting standards in liaison with external auditors, their audit, submission to respective regulatory authorities.

4) Manage recording of Staff and Occupation/Administrative expense relating to all Subsidiaries ensuring accurate recording in line with APPM.

5) Prepare and review outstanding items in Sundries Accounts of all subsidiaries and follow up and escalate for settlement / write off instructions / approvals in line with APPM for subsidiaries and take corrective action to secure guard against potential losses.

6) Investigate deviation in the GL and subsidiary accounts and arrange rectification by the concerned unit to keep the books of accounts balanced

7) Regularly monitor nostro/mirror statements of all subsidiaries accounts and to investigate outstanding items and take corrective actions and follow up with respective departments f Apply on Kit Job: kitjob.in/job/4ncbpp