Assistant Manager - Group Consolidation - Central Account (UAE National Only)

JOB PURPOSE 

• Assist in preparation, collection and consolidation of data for all Mashreq Bank entities so as to produce timely and accurate monthly, quarterly, half yearly and annual Financial Statements in line with International Financial Reporting Standards (IFRS).
• Assist in maintenance of General Ledger (GL) systems (Flexcube & Oracle) across all legal entities in terms of new GL set up, changing existing accounts.
• Assist for Head Office accounting functions including maintenance of all accounting records pertaining to Head Office branch and related arrangements & recording of income from other sources etc.

• Assisting to prepare & provide information to external auditors.

   

KEY RESULT AREAS

• Prepare monthly consolidated group financial statements including quarterly / reviewed financials and annual financials prepared as per International Financial Reporting Standards (IFRS).
• Liaison with external auditor for Quarterly & Annual Financials for MB Group, representation letter, publication & printing of Group Annual Report. 
• Arrange to open set up of new GL Accounts in Flexcube and OGL and Inter Ho/branches accounts in UAE and Overseas Branches.
• Manage receipt of monthly downloads from Flexcube and Oracle. Assistance in due analysis / validation produce periodic data relating to Mashreqbank Group (UAE, Overseas & subsidiaries) for consolidation of financial results for the Group through automatic process (OFSA/HFM).
• Act as Central point for managing (prepare, validate, upload & reconcile) all financial adjustment (OFSA/HFM) across legal entities to finalize consolidated MB Group Financials.
• Manage and update all maintenance tables (OFSA/HFM) required to prepare MB Group Financials like GL mapping, Branch code, Business group, cost centers etc.
• Prepare information relating to Mashreqbank shares trading activities in Dubai Financial Market (DFM) for submission to management and maintain record thereof. Also arrange for payment of DFM Invoices.
• Safe Custody of Property Documents, Share Certificates, Gold Coins and other MOA and AOA of different subsidiaries and arrange for its annual audit.
• Support to PMAD for providing information to reconcile Financial and Management Reporting.
• Review audit engagement letters and invoices for correctness and arrange this to be signed. Also arrange approvals and/or payments for Overseas Consultancy Audit activities.
• Preparation of Information for Foreign Investment Surveys and economic surveys from various Emirates Statistics center.
• Assist in other functions viz., Voucher posting, auditors letter to Management and prepare/update SOPs/flow chart for existing and new functions as and when changes are made.
• Involve in testing and implementation of IFRS reports for consolidation to align with the change/revision in the International Financial Reporting Standard disclosure requirement.

KNOWLEDGE, SKILLS AND EXPERIENCE    

• The incumbent should be a Qualified Accountant with 2/3 years of work experience in the field of Accounting & Management reporting in computerized environment, having reasonable knowledge of various products being offered.
• He should have excellent interpersonal and written / spoken communication skills with good working knowledge of UAE Central Bank guidelines and International Financial Reporting Standards.
• Proficiency in computer application software is required.

1. Assist in monthly consolidated group financial statements including quarterly / reviewed financials and annual financials prepared as per International Financial Reporting Standards (IFRS). 


2. Liaison with external auditor for Quarterly & Annual Financials for MB Group, representation letter, publication & printing of Group Annual Report. 


3. Arrange to open set up of new GL Accounts in Flexcube and OGL in UAE and Overseas Branches.


4. Assist in other functions viz., Voucher posting, auditors’ letter to Management and prepare/update SOPs/flow chart for existing and new functions as and when changes are made.


5. Review audit engagement letters and invoices for correctness and arrange this to be signed.


6. Maintain Safe Custody of important documents related to UAE & subsidiaries.

The incumbent should possess bachelor’s degree in accounting with 2-4 years of work experience in the field of Accounting having reasonable knowledge of various products being offered.

Proficiency in computer application tool like MS Excel (vlookup, pivots etc.) and MS word is required.

Knowledge of Accounting systems like Core banking Flexcube, Oracle EPR would also be required