Assistant Manager, Financial Reporting, Dubai, UAE

This job is OPEN to APPLY for ALL Nationalities, unless otherwise specified.

We need an Assistant Manager, Financial Reporting

Description

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

You will support the Head of Finance, Financial Reporting in establishing and maintaining financial accounting procedures for the bank and ensuring compliance with reporting requirements from the local regulators’ specially the CBUAE; strengthen the Financial Reporting function to enable excellence in process design, implementation and controls as well as to ensure adequate back-ups for all key processes and functions.

Responsibilities:

• Execute IFRS 9 impairment model runs, including data preparation, staging analysis, and Expected Credit Loss (ECL) calculations. Coordinate with Risk and Credit teams to validate outputs and support provisioning decisions.
• Prepare various working and details for CBUAE Basel III Capital Adequacy Ratio (CAR) calculations, including RWA components, capital charges, and ensure alignment to the regulatory templates for submission to the Central Bank.
• Act as a point of contact for RWA and capital adequacy queries, ensuring compliance with CBUAE standards and guidelines.
• Support legal entity financial reporting, ensuring accurate consolidation, intercompany reconciliations, and compliance with regulatory and statutory requirements.
• Perform monthly journal entry reviews, account reconciliations, and balance sheet substantiations to maintain a strong control environment.
• Assist in the preparation of quarterly and annual financial statements, including supporting schedules, disclosures and attestations documentations for CBD and its subsidiaries.
• Coordinate with IT and business units to implement accounting treatments for new products and support automation of regulatory reporting processes.
• Participate in finance transformation initiatives, focusing on automation, process improvement, and system enhancements.
• Support the implementation of new accounting standards, including impact assessments, documentation, and training.
• Provide operational support during month-end and year-end close, ensuring timely and accurate financial reporting.
• Take ownership of assigned finance projects, including data analysis, documentation, testing, and reporting
• Support with the drafting and implementation of appropriate procedures to ensure accurate accounting treatment and all financial reporting processes.
• Support towards coordination of internal and external audits, including preparation of audit schedules and resolution of audit queries.
• Participate in job rotation opportunities within the department to gain broader exposure and contribute to team development and performance.

Requirements

QUALIFICATIONS

• Chartered Accountant with superior accounting skills and experience.
• Highly computer literate with a comprehensive knowledge of commercial business drivers

EXPERIENCE

• 8+ years’ experience in finance / accounts functions preferably in an international financial services organization
• Public practice experience preferably with a big 4 auditing firm
• Experience working in international financial services organization managing balance sheet reconciliation, substantiation and attestation practices preferred
• Knowledge of finance, commercial and accounting concepts, processes and procedures

SKILLS

• Good command of English with additional language skills
• Advanced analytical and problem-solving skills, with the ability to interpret complex financial data and regulatory requirements.
• Strong Excel skills, including advanced formulas, pivot tables, data modeling, and financial analysis.
• Exceptional attention to detail and accuracy, particularly in journal reviews, reconciliations, and substantiations.
• Effective report writing and presentation skills, capable of producing clear, concise, and insightful financial documentation.
• Excellent numeracy and accuracy
• Strong stakeholder management and interpersonal skills, with the ability to collaborate across Finance, Risk, IT, and external auditors.
• Strong technical knowledge of International accounting Standards (IFRS) / GAAPs
• Experience working with or within Big Four audit firms, particularly in statutory audit engagements and regulatory compliance.

COMPETENCIES

• Cross functional team work
• Analytical thinking and problem solving oriented
• Project and change management
• Results orientation and execution skills

DETAILS TO REGISTER FOR THIS JOB:
NOTE: Apply to this job with an ATS-friendly CV!

https://www.comeet.com/jobs/cbd/14.007/assistant-manager-financial-reporting/CD.D50


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