Lead - Financial Reporting.CAD-Financial Reporting (Bengaluru)

Lead - Financial Reporting.CAD-Financial Reporting (Bengaluru)

27 Aug
|
Mashreq
|
Bengaluru

27 Aug

Mashreq

Bengaluru

JOB PURPOSE
• Preparation of monthly financial statements including semiannual reviewed
financials and annual financials prepared as per International Financial
Reporting Standards (IFRS) for Overseas branches .
• Responsible for centralized accounting functions relating to MB Overseas
(Bahrain Retail , Qatar, Kuwait, Oman , Bahrain Wholesale, India, New York,
London, Hong Kong & Gift City) and related MIS..
• Prepare and present information to external auditors and regulatory
authorities.
• To perform accounting and control functions for Overseas branches in an
effective and timely manner such that it confirms to the requirements of
International Financial Reporting Standards, regulatory authorities and Bank’s
Accounting Policies

KEY RESULT AREAS
1. Preparation of financial statements, including semiannual reviewed
financials and annual financials, in accordance with International Financial
Reporting Standards (IFRS) for Overseas Branches.

2. Coordinate with external auditor in providing information required for
their audit process.




Managing financial notes in accordance with IFRS standards.

3. Prepare monthly financial reports for senior management, incorporating
comprehensive analysis of variances
4. Perform comprehensive monthly variance analysis, ensuring timely
identification of deviations from expected performance.
5. Support in Implementation of new systems or their upgrades along with
testing of new products including reviewing product details, preparation of
accounting entries.

6. Review outstanding items in Sundries Accounts of all Overseas Branches for
follow up and escalate for settlement / write off instructions / approvals in
line with APPM for Branches and take corrective action to safeguard against
potential losses
7. Continuous review of areas requiring automation for generating MIS in an
efficient and timely manner and carrying out testing for new or upgraded systems
8. Establishment of accounting procedures for new overseas branches.
_
9. To

📌 Lead - Financial Reporting.CAD-Financial Reporting (Bengaluru)
🏢 Mashreq
📍 Bengaluru

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