Head - Financial Reporting

Responsibilities

To lead, guide and supervise the Financial Reporting Department of OAB and ensure timely and effective completion of all activities within the agreed timelines and guidelines set and followed by the Organization

• Accountable for the training & development within the team so that they give their best performance post the training about the nuances of banking solutions as per banks’ policies and guidelines.
• Responsible for the development of new systems/ upgraded tools/ software for the smooth functioning of the team and responsibilities to be met professionally staying at par with the market.
• Responsible for helping in the design of the strategic process and various functionalities related to the accounting functions so that going forward no issues rise and if so, it could be handled strategically for the benefit of the bank.
• Assist the CFO, COO, DCFO and executive management team on special projects and ensure the management have the appropriate, relevant, and accurate information needed to support key decision‑making.
• Transfer knowledge and train the team members at the accounting division to develop their accounting and problem‑solving capabilities and thus resolve issues on their own.
• Responsible to act as the business analyst for the team and address the queries of the external auditors or CBO and resolving them at the earliest.
• Assist the CFO, DCFO and the head of accounts on strategic initiatives and other operational requirements.
• Responsible to assist the accounting team in the update of the chart of accounts and to implement SOX control as required by the regulators.
• Coordinate for smooth implementation of VAT and associated controls as required by the CBO.
• Monitor all accounting activities, governance and special projects of the department and help to resolve any outstanding issues facing the department.
• Responsible to bring about the policy and procedures related to insurance, cyber, off short, etc. with the help of the department.
• Assist the team in negotiating with external auditors in resolving their queries in a timely manner.
• Coordinate in the implementation of IFRS 9 standards at the bank and on reporting based on IFRS 9, 15 and 16 standards.
• Jointly work with the concerned personnel on the tax assessments of the bank and ensure accurate financial statements are released.
• Responsible to assist in the review of the capital adequacy ratio with the regulatory authorities including an adhoc check on the credit quality check of customers.
• Ensure all activities are carried out according to bank’s policies, procedures, and standards.
• Participate in other related initiatives and projects as assigned or other duties as assigned by management.

• Bachelor’s degree in Accounting/ Finance
• CPA/ CFAB certification/ Accounting certification is mandatory.
• Islamic accounting certification is added advantage
• MBA degree is added advantage

• Leadership and Collaboration
• Analytical and problem‑solving skills
• Result Orientation
• Strong command in English and Arabic language
• People Management Skills
• Commitment and willingness to go beyond call of duty
• Excellent knowledge in MS applications
• Relationship skills
• Strategic management and project management experience
• Fundamental understanding of areas outside finance

• Minimum 10+ years of relevant accounting experience with general banking and systems knowledge including 3+ years of managerial experience.

• Expert knowledge in regulatory, IAS and IFRS standards and principles
• Expert knowledge in accounting process and procedures
• Good knowledge of banking operations and services