Job Purpose
To ensure effectiveness & efficiency in the bank’s process of financial control and assist in relevant cost management MIS reporting.
To be engaged in regulatory reporting, financial reporting and control aspects of the Bank (including NBF Islamic) and its subsidiaries (NBF Financial Services and NBF Capital Limited) and to ensure effective financial / regulatory reporting including statutory consolidated financial statements.
Key Accountabilities
Financial Reporting
Preparation of the monthly accounts / presentations and yearly financial statements of the Group and subsidiaries ensuring compliance with IFRS / IAS (including NBF Islamic);
To produce accurate and informative accounting and financial reports for internal and external stakeholders.
Responsible for the evaluation of new IRFS / IAS and regulatory requirement implications on the Bank.
Liaison with the External, Internal and Central Bank Auditors
Subsidiaries Reporting:
1. NBF Capital Limited financials and books of accounts
2. NBF Financial Services FZC financials and books of accounts
Regulatory Reporting (CBUAE BRF)
Accruals and prepaid expenses monitoring and management.
GL ownership framework compliance and products testing (including NBF Islamic) - Ensuring initiation / execution of the respective level of controls to enhance the control environment. Undertaking product testing from Finance perspective and ensuring seamless reflection in the system from GL / financial / accounting related matters.
Month End Processing
Responsible for the preparation of the policies and procedures manuals and ensuring the accuracy and integrity of financial information with enhanced analysis.
New initiatives / projects
Cost Effective Budget and Planning
Team Engagement
Staff engagement and liaison.
Other Accountabilities
Other Accountabilities
COMMUNICATIONS & WORKING RELATIONSHIPS:
Internal:
Staff of Business and Functional units. Accruals and prepaid expenses monitoring and management.
Periodic meetings with respective departments to provide financial guidance and advice on strategies to meet overall bank’s objectives.
Periodic meetings with Internal Audit on issues relating to policies and procedures.
Consult IS&T for system related issues.
External:
Periodic meeting with external auditors in lieu of the financial statements, Central Bank Returns and other specific issues.
Job Context
GL ownership framework compliance and products testing; Control and Governance / GL controls (including NBF Islamic)
Feasibility study and product / channel support (incorporating PPG, Financial Projections analysis and testing of products).
Education
Experience and Skills
Working and collaborating with others
Building relationships, building trust, sharing knowledge, setting expectations, providing support and facilitating cooperation.
Change and Innovation
Flexible and constantly seeking new ways to approach job requirements and challenges; to adjust rapidly to new situations.
Communication
Delivering clear, proactive and effective communication to expand understanding and influence others.
Results Orientation
Consistently driving the achievement of results, displaying high levels of energy, commitment and resilience.
Evaluating and Solving Challenges
Conducting detailed analysis of data, information and situations, performing cause and effect analysis, making effective, timely and fair decisions.