Assistant Finance Manager

Overview

Job Summary:

The Assistant Finance Manager will support the Finance Manager in overseeing the bank's financial operations, ensuring accuracy, compliance, and efficiency across accounting, reporting, taxation, and banking-related activities. The role requires strong hands-on experience in VAT filing, monthly financial reporting, vendor payment management, MIS reporting, and active involvement in core banking system implementation and enhancement initiatives.

• Financial Accounting & Reporting
  • Assist in the preparation and review of monthly, quarterly, and annual financial statements in accordance with applicable accounting standards.
  • Ensure timely month-end and year-end closing, including accruals, provisions, and reconciliations.
  • Monitor general ledger activities and ensure accuracy of accounting records.
  • Support internal and external audits by preparing schedules, explanations, and documentation.
• VAT & Tax Compliance
  • Prepare, review, and submit VAT returns accurately and on time in compliance with local tax regulations.
  • Maintain VAT records, reconciliations, and supporting documentation.
  • Coordinate with tax consultants and authorities on VAT-related matters, assessments, and audits.
  • Assist with other statutory tax filings and regulatory compliance as required.
• Vendor Payments & Accounts Payable
  • Oversee and manage the vendor payment cycle, ensuring timely and accurate payments.
  • Review supplier invoices for accuracy, approvals, and compliance with contractual terms.
  • Maintain vendors master data and resolve discrepancies or disputes with suppliers.
  • Monitor aging reports and manage cash flow related to payables.
• MIS & Management Reporting
  • Prepare and analyze MIS reports for management, including profitability, cost analysis, budget vs. actuals, and variance analysis.
  • Develop dashboards and periodic financial summaries to support strategic decision-making.
  • Ensure accuracy, consistency, and timeliness of management reports.
• Budgeting & Forecasting
  • Assist in the preparation of annual budgets and financial forecasts.
  • Track budget performance and highlight deviations with actionable insights.
  • Support cost control initiatives and financial planning activities.
• Core Banking System Implementation & Support
  • Actively participate in the implementation, enhancement, and optimization of the core banking system.
  • Coordinate with IT, vendors, and internal stakeholders during system rollout and upgrades.
  • Assist in mapping financial processes, testing system functionalities, and validating financial data.
  • Ensure seamless integration between the core banking system and accounting/reporting modules.
  • Provide post-implementation support, troubleshooting, and documentation.
• Controls & Process Improvement
  • Ensure adherence to internal financial controls, policies, and procedures.
  • Identify process gaps and recommend improvements to enhance efficiency and compliance.
  • Support automation and digital transformation initiatives within the finance function.

• Bachelor's degree in Accounting, Finance, or a related field.

• Minimum of 5 years' experience in trade finance operations within a banking environment.
• Strong knowledge of bookkeeping principles, general ledger functions, and financial reporting.
• Strong knowledge with IFRS
  16.
• Familiarity with local tax regulations (N ), payment processing standards, and internal controls.
• Familiarity with Central Bank of Bahrain guidelines.

For further information, and to apply, please visit our website via the “Apply” button below.