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.

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

Assist in preparation, collection and consolidation of data to produce monthly, quarterly, half-yearly and annual financial statements in line with IFRS. Maintain General Ledger systems (Flexcube & Oracle) across entities, including new GL setup and updating accounts. Support Head Office accounting functions and recording of income from other sources. Assist in providing information to external auditors. Prepare monthly consolidated group financial statements and liaise with external auditors for quarterly and annual financials. Open and set up new GL accounts in Flexcube and Oracle, and manage inter-company accounts. Manage monthly data downloads from Flexcube and Oracle. Analyze and validate data for consolidation using OFSA/HFM and support automated consolidation processes. Maintain and update OFSA/HFM maintenance tables (GL mapping, branch codes, cost centers, etc.). Prepare information on Mashreqbank shares trading activities for management and maintain records; arrange payment of DFM invoices. Safekeep property documents and related corporate records and coordinate annual audits. Support PMAD with information for reconciliation of financial and management reporting. Review audit engagement letters and invoices and arrange related approvals/payments. Prepare information for foreign investment surveys and economic surveys. Assist with testing and implementation of IFRS reports and maintain SOPs/flowcharts for changes.