07.08.2024
Financial Accounting Manager
Gulf International Bank
Saudi Arabia, Al Khobar
Job Purpose:To ensure the preparation, compilation, analysis and distribution of all financial statements, disclosures, month-end closing, and IFRS implementation. Prepare reports of financial performance vis-à-vis budgets and provide appropriate analysis and follow-up. Key Accountabilities: Develop periodical financial information reports to keep the finance management informed about the banking units' performance.Prepare, analyze, and distribute the monthly statutory financial information report.Provide recommendations for improvements and modifications to the MIS reports and production process where appropriate.Manage monthly financial closing of the Bank General Ledger.Respond to, and address queries from, internal MIS unit recipients.Respond to Rating Agency information requests and prepare presentations for senior management to present in defense of external ratings.Manage preparation of Board level reports for KSA-CFO presentation to the Board Audit Committee and Board Meetings.Manage the preparation of the preliminary results for GIB-KSA.Manage the consolidation of GIB – KSA and GIB Capital process.Monitor the financial performance against budgets so that areas of unsatisfactory performance are identified and rectified promptly and potential performance improvement opportunities are capitalized upon.Update accounting policies and procedures based on new SAMA guidelines and changes in IFRS.Demonstrate to be a subject matter expert on IFRS.Manage the quarterly financial reporting process and the preparation of the quarterly statutory financial statements.Manage the annual financial reporting process and the preparation of the annual statutory financial statements.Review financial performance reports by comparing actual with previous year results and budgeted results, including analyzing the variances.Manage the quarterly and year-end audit processes and financial statement preparation with External Auditors.Provide an interface with the external auditors to assist with the clearance of the quarterly and annual financial statements.Organize and supervise the activities and work of subordinates to ensure that all work is carried out in an efficient manner which is consistent with operating procedures and policy.Pursue any other activities or ad-hoc analyses as directed by the KSA-Head of Finance.#J-18808-Ljbffr
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