naukri
Assistant Vice President, Accounting & Internal Reporting
Sumitomo Mitsui Banking Corporation
Dubai, UAE
Full Time
Manager
2 months ago
IFRSJGAAPFinancial ReportingGeneral LedgerCost MonitoringExcel
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IFRSJGAAPFinancial Reporting
About the Role
SMBC Group EMEA seeks an AVP Accounting & Internal Reporting to lead accounting and reporting tasks for Dubai and ME regional offices. The role involves month-end closure, financial statement preparation, IFRS compliance, cost monitoring, and supporting audits.
Key Skills for This Role
IFRSJGAAPFinancial ReportingGeneral LedgerCost MonitoringExcel
Responsibilities
- Own execution of regular accounting and reporting tasks for SMBC Dubai & SMBC ME regional offices
- Responsible for month end closure for Dubai and ME offices
- Compile and prepare accounting reports (Month End / Quarter End / Term end)
- Support preparation of Audited Financial Statements and coordinate annual audit
- Responsible for Cost Monitoring, Analysis & Reporting
- Assess accounting standards and implement IFRS standards including IFRS9 & IFRS16
- Support in compiling financial forecasting for RBP
- Provide ROI information to senior management
- Maintain relationships with business, within finance and other departments
- Act as backup for other team members
Requirements
- Solid experience in an accounting/finance role, preferably within a financial institution
- Strong knowledge of IFRS and JGAAP Accounting
- Educated to bachelor's level; professional qualification is a plus
- Strong numerical skills
- Expert knowledge in Excel and tech savvy with tools like Power BI or CoPilot
- Ability to manage complexity and work independently
- Good team player
Full Job Posting
Role Summary
- Is the next step in your career at SMBC Group EMEA? We're looking for an AVP Accounting & Internal Reporting for our Finance & Control Department.
- The Accounting specialist shall support the Accounting & Internal Reporting team by taking ownership for the execution of regular accounting and reporting tasks for SMBC Dubai & SMBC ME regional offices.
- This will ensure compliance with accounting principles (SMBC values: Quality and sustainable growth).
Facts and Scale
- Provide daily support to all departments & F&C sections relating to Financial Accounting matters.
- Responsible for month end closure for Dubai and ME offices.
- Compilation and preparation of the accounting reports (Month End / Quarter End / Term end reports).
- Support in the preparation of Audited Financial Statements and handling the related annual audit for SMBC Dubai & all SMBC ME offices.
- Support the line manager in implementing adequate policies & procedures within accounting and having appropriate governance.
- Assist various departments for queries in relation to accounting of expenses, booking of fixed assets, recording expenses in the appropriate GL and any other adhoc requirements.
- Ad hoc support to key projects with significant accounting.
- Responsible for Cost Monitoring, Analysis & Reporting.
- Responsible for assessment of accounting standards and implementing IFRS accounting standards (including IFRS9 & IFRS 16).
- Support in compiling financial forecasting for RBP.
- Support in providing ROI related information to senior management under different methodologies.
- Independent discussion with business on new products and resolution of problems.
Accountabilities and Responsibilities
- Responsible for all regular accounting tasks in SMBC Dubai & SMBC ME offices, e.g., General ledger monitoring, maintenance and control under IFRS & JGAAP.
- Responsible for Month End / Quarter End / Term end reports by ensuring preparation as per JGAAP for internal & external stakeholders accurately & in a timely manner.
- High quality understanding of IFRS and accounting principles.
- Responsible for Cost Monitoring, Analysis & Reporting.
- Responsible for assessment of accounting standards and implementing IFRS accounting standards (including IFRS9 & IFRS 16).
- Responsible for month end closure for Dubai and ME offices by ensuring books are closed on a monthly basis after detailed scrutiny.
- Manage policies & procedures within accounting and having appropriate governance.
- Support in various activities related to Internal & external audit.
- Support in New Product review process for F&C.
- Independent discussion with business on new products and resolution of problems.
- Support in testing & support in oracle system implementation in Dubai & all SMBC ME offices.
- Key role in various automation initiatives and coordinate with external & internal stakeholders for implementing automation solutions.
Knowledge, Skills, Experience and Qualifications
- Solid experience in an accounting / finance role, preferably within a financial institution.
- Strong knowledge in IFRS and JAAP Accounting.
- Educated to bachelor's level; any professional qualification is considered as a plus.
- Be able to manage complexity.
- Strong numerical skills.
- Expert knowledge in Excel and overall tech savvy to work with tools like Power BI or CoPilot.
- Demonstrating and promoting team spirit.
- Be able to work independently.
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