Assistant Manager - Group Consolidation - Central Account (UAE National Only)
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Key skills for this role
About the Role
Mashreq Corporate & Investment Banking Group seeks an Assistant Manager for Group Consolidation to assist in preparing consolidated financial statements and maintaining GL systems.
Key Skills for This Role
Responsibilities
- Assist in preparation, collection, and consolidation of data for all Mashreq Bank entities to produce monthly, quarterly, half yearly, and annual financial statements under IFRS
- Assist in maintenance of General Ledger systems (Flexcube & Oracle) across legal entities
- Assist for Head Office accounting functions including maintenance of accounting records and recording of income
- Assist in preparing and providing information to external auditors
- Prepare monthly consolidated group financial statements including quarterly reviewed and annual financials under IFRS
- Liaise with external auditor for quarterly and annual financials, representation letter, and publication of Group Annual Report
- Manage setup of new GL accounts in Flexcube and OGL and inter branch accounts
- Manage receipt of monthly downloads from Flexcube and Oracle, perform analysis and validation for consolidation
- Act as central point for managing financial adjustments across legal entities to finalize consolidated group financials
- Manage and update maintenance tables for group financials preparation
- Prepare information on Mashreqbank shares trading activities for DFM submission
- Maintain safe custody of property documents, share certificates, and other important documents
Requirements
- Bachelor's degree in accounting
- 2 4 years of work experience in accounting and management reporting in a computerized environment
- Reasonable knowledge of various banking products
- Excellent interpersonal and written/spoken communication skills
- Good working knowledge of UAE Central Bank guidelines and IFRS
- Proficiency in MS Excel (vlookup, pivots) and MS Word
- Knowledge of accounting systems like Flexcube and Oracle EPR
Full Job Posting
Job Purpose
- Assist in preparation, collection and consolidation of data for all Mashreq Bank entities to produce timely and accurate monthly, quarterly, half yearly and annual Financial Statements in line with IFRS.
- Assist in maintenance of General Ledger systems (Flexcube & Oracle) across all legal entities.
- Assist for Head Office accounting functions including maintenance of all accounting records.
- 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 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 for consolidation.
- Act as Central point for managing all financial adjustment across legal entities to finalize consolidated MB Group Financials.
- Manage and update all maintenance tables required to prepare MB Group Financials.
- Prepare information relating to Mashreqbank shares trading activities in Dubai Financial Market (DFM) for submission to management.
- Safe Custody of Property Documents, Share Certificates, Gold Coins and other MOA and AOA of different subsidiaries.
- Support to PMAD for providing information to reconcile Financial and Management Reporting.
- Review audit engagement letters and invoices for correctness and arrange approvals.
- Preparation of Information for Foreign Investment Surveys and economic surveys.
- Assist in other functions viz., Voucher posting, auditors letter to Management and prepare/update SOPs/flow chart.
Knowledge, Skills And Experience
- Qualified Accountant with 2/3 years of work experience in Accounting & Management reporting in computerized environment.
- Reasonable knowledge of various products being offered.
- Excellent interpersonal and written/spoken communication skills.
- Good working knowledge of UAE Central Bank guidelines and International Financial Reporting Standards.
- Proficiency in computer application software.
- Bachelor’s degree in accounting with 2 4 years of work experience.
- Proficiency in MS Excel (vlookup, pivots etc.) and MS word.
- Knowledge of Accounting systems like Core banking Flexcube, Oracle EPR.
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