Financial Reporting Manager

Job Purpose:

• Prepare monthly, quarterly, half yearly and annual Accounts of Egypt in line with International Financial Reporting Standards (IFRS), include audit, publication and printing of audited financial results as per local regulation.
• The position is responsible to ensure that the centralized accounting function relating to Egypt conforms to the requirements of International Financial Reporting Standards, regulatory authorities and Bank's Accounting Policies. Assist in implementation of approved accounting policies (APPM) for Mashreq bank Group.

Key Result Areas:

• Preparation of Monthly financial statements including quarterly I reviewed financials and annual financials prepared as per CBE guidelines and International Financial Reporting standards.
• Coordination with external auditor for Annual Financials for Egypt.
• Manage receipt of monthly downloads from Flex cube, Oracle. After due analysis I validation produce periodic data for preparation of IFRS data.
• Coordinate in testing of new products development, implementation of new computer systems or their upgrade, new initiatives etc. for Egypt
• Supervise to record transactions & maintain/record of Capital/Un-remitted P/L, Additional General banking reserve and related transfer of funds etc.
• Design formats/prepare specification, test and implement quarterly IAS reporting and consolidation system in Egypt branch as a part of consolidated IAS for Mashreq group to align with the change/revision in the International Financial Reporting Standard disclosure requirement and CBE guideline.
• Replace Centralized Payments & Fixed Assets and control manager during his absence.
• Preparation of year-end closing circulars, consolidation of year-end results for the branch .
• Review audit engagement letters correctness and arrange this to be signed.

Operating Environment, Framework and Boundaries, Working Relationships:

• Operates in a dynamic environment characterized by diverse local regulations, various types of taxations, and an evolving redeployment of accounting policies towards full application of int'l accounting standards; thus requiring multi-jurisdictional knowledge, in addition to in-depth familiarity with Bank's corporate policies and procedures.
• Job holder needs to continuously interact with management locally and with other Groups I Divisions.

Decision Making Authority & Responsibility:

• Responsible for ensuring the integrity of accounts in the country.
• Responsible for completion of special projects assigned undertaken from time to time.
• Responsible for regulatory compliance, insofar as Bank's books are concerned.
• Responsible for diligent expense control management in the Bank.
• Prioritization of work, timeliness and accuracy.

Knowledge, Skills and Experience:

The position requires a minimum of 8 years in experience, including at least 3 years in financial Accounting and control in financial institutions.

Strong analytical and organizational skills are required.

The incumbent should have thorough knowledge of the International Accounting Standards, banking products and procedures, Egyptian Accounting Standards, and the tax laws of Egypt.

Adapt at the use of technology, financial models & accounting software University Graduate

• Preparation of Monthly financial statements including quarterly / reviewed financials and annual financials prepared as per CBE guidelines and International Financial Reporting standards.

• Coordination with external auditor for Annual Financials for Egypt.

• Manage receipt of monthly downloads from Flexcube, Oracle. After due analysis / validation produce periodic data for preparation of IFRS data.

• Coordinate in testing of new products development, implementation of new computer systems or their upgrade, new initiatives etc for Egypt

• Supervise to record transactions & maintain/record of Capital/Un-remitted P/L, Additional General banking reserve and related transfer of funds etc.

• Design formats/prepare specification, test and implement quarterly IAS reporting and consolidation system in Egypt branch as a part of consolidated IAS for Mashreq group to align with the change/revision in the International Financial Reporting Standard disclosure requirement and CBE guideline.

• Replace Centralized Payments & Fixed Assets and control manager during his absence.

• Preparation of year-end closing circulars, consolidation of year-end results for the branch.

• Review audit engagement letters correctness and arrange this to be signed.

• The position requires a minimum of 8 years in experience, including at least 3 years in financial Accounting and control in financial institutions.

• Strong analytical and organizational skills are required.

• The incumbent should have thorough knowledge of the International Accounting Standards, banking products and procedures, Egyptian Accounting Standards, and the tax laws of Egypt.

• Adapt at the use of technology, financial models & accounting software

• University Graduate