RAKBANK announced, through its Linkedin account, a bank job in uae (Associate Vice President – Accounting Policies) according to the following:
To be responsible for ensuring the Bank’s financial reporting and accounting policies comply with International Financial Reporting Standards (IFRS)
To develop, update and communicate accounting policies for the bank and its subsidiaries in accordance to IFRS
To conduct research on accounting issues, and providing guidance to the Finance team to ensure accurate and transparent financial reporting
Developing, implementing and maintaining accounting policies and procedures in line with regulatory, industry, legal requirements and IFRS
Provide guidance to the Finance team on accounting treatment of complex transactions and issues. If required prepare written summaries supporting accounting positions taken and get external auditor concurrence
Advice business partners on structuring of complex deals and products ensuring compliance with IFRS
Review product program guide issued by various business partners and confirm compliance with IFRS and Central Bank of UAE (CBUAE) regulations
Ensure consistency in accounting treatment and policy across the bank and its subsidiaries
Review financial statements, disclosures, and reports to ensure accuracy and compliance with accounting policies and regulations
Collaborate with internal and external auditors to facilitate the audit process and address any accounting related issues
Keep abreast of changes in accounting standards and regulations, and assess their impact on the bank
Identify and address potential accounting related risks, ensuring effective risk management practices
Evaluate and enhance internal controls related to accounting policies to minimize the risk of errors or non-compliance
Continuously review and improve accounting policies and procedures to enhance efficiency and effectiveness in financial reporting
Conduct training and awareness programs for various stakeholders fostering understanding and compliance
Strong understanding of International Financial Reporting Standards and their interpretations
Attention to detail, strong analytical skills and ability to work independently and as part of the team
Ability to influence teams across organization
Excellent analytical, communication, presentation and problem-solving skills
Minimum 5-10 years of experience in accounting and financial reporting, preferably in the banking sector
Experience working in fast paced and dynamic environment
Proven track record in developing, implementing and maintaining accounting policies preferably within the Bank or Accounting firms.
Details and apply for this RAKBANK job as follows:
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