First Abu Dhabi Bank In Kuwait City Needs Manager

 First Abu Dhabi Bank - FAB

Job Description

To supervise and manage bank's branch Financial Control functions, responsible for financial reporting to CBK, CB of UAE, HO, Preparation of Annual Budgets, Reconciliation and GL Control, Fixed Assets and Expenses Control.

Duties and Responsibilities

• Your main responsibilities in this role include the following:

• Prepare and submit to Central Bank Regulatory reports as per their schedule, ensuring their accuracy, integrity, and timeliness, adhering to their periodicity.

• Prepare and submit to Head Office reports as per their schedule, ensuring their accuracy, integrity, and timeliness, adhering to their periodicity.

• To ensure all periodic expenses, provisions, and pre-paid expenses are properly accounted for by the determined periodicity and outstanding items reconciled.

• To ensure preparation of Quarterly/Semi-Annual/Annual financials for submission to Regulatory Authorities and liaise with the External Auditors for timely completion of these tasks.

• Ensure timely completion of AOV deliverables and liaise with all other departments to submit the declaration and other deliverables within the timelines.

• Prepare/Ensure preparation of daily/monthly Management Reports on brief Financials, Profitability, and Positions for the use of Senior Management.

• Recommend and process after necessary approvals of all expenses ensuring that they are within the approved budgets and are properly authorized as per the Discretionary Powers in place.

• To ensure compliance with any other activity related to Financial Control in particular and other units, in general, are attended to and carried out as directed by the Finance manager.

• Ensure that all Capital Expenses are properly approved; Assets Registers are duly updated and depreciation is properly taken up according to the guidelines.

• Be well conversant with AML and CFT and Sanctions requirements (from a finance function perspective) and ensure the requirements are strictly complied with.

• To prepare Actual and Against Budgets, with comments and follow-up for responsible units feedback to submit to the management for their review.

• To ensure proper control on GL definition, the introduction of new GLs, mapping of GLs to the existing and new products, ensuring Prime, Accrual, and Expenses and Income GL are properly mapped, accruals are taking place as required and expenses and incomes are booked as defined.

• To train, motivate and impart necessary training to the other staff in respect of the unit’s activities.

• Manage Petty cash expenses and record them appropriately in books of accounts.

• Prepare and provide all the requested details to statutory/internal and other auditors.

• Prepare Monthly/quarterly Basel III capital Adequacy report, Liquidity coverage ratio, and Net Stable Funding ratio reports

• Prepare Central Bank Liquidity reports

• Prepare monthly BS, TBS, MLL, and other CBK reports

Job Requirements

• University Graduate /Chartered Accountant/CPA/Finance qualification with minimum 3 years of related experience.

• Good knowledge of Accounting Principles and including Capital market products.

• Good knowledge of various Financial Reporting tools, MS Office, Business Objects, and other compatible software.

• Good knowledge of Regulatory Environment, CBK Regulations, Financial Reporting Standards, and their updates.

• Basel III Knowledge (Capital Adequacy, LCR, and NSR rules, and regulation) as applicable in Kuwait.

• Capability to meet difficult deadlines, work in a team, quick learner and aptitude to learn.

Job Details

Company: First Abu Dhabi Bank - FAB

Employment Type: Full-time

Job Location: Kuwait City, Kuwait

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