• FAB Bank Jobs in Kuwait | Manager Finance

    FAB Bank Jobs in Kuwait | Manager Finance

    Location: Kuwait
    Published:

    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, provision and pre-paid expenses are properly accounted in accordance with 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 liaising with all other departments to submit the declaration and other deliverables with the time lines.

    • 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 up dated and depreciation is properly taken up according to the guidelines.

    • Be well conversant with AML and CFT and Sanctions requirements (from finance function perspective) and ensure the requirements 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, 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 unit’s activities.

    • Manage Petty cash expenses and record 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, 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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