Financial Controller

Recruiter
Manpower
Location
Doha, Dawhah, Qatar
Salary
Competitive salary
Posted
10 Oct 2019
Closes
01 Nov 2019
Ref
6506873
About QNB
QNB Group, the largest Financial Institution in the Middle East and Africa are looking to hire a Financial Controller, to meet the expansion needs of our office in QNB - Qatar//Doha.
QNB has enjoyed continued success with Net Profits of QAR 10.8 billion (USD3 billion) in 2018 (up by 6%) and increased Total assets to QAR 853 billion (USD 234 billion). The Group now employs over 29,000 employees in 1,200 locations, with an ATM network of more than 4,300 machines.

Role Summary:
QNB Capital is looking for a financial controller who will assume prime responsibility for monitoring the General Ledger and ensuring that invoices are paid/ recorded in a timely and accurate manner in accordance with approvals, policies and procedures. who will be responsible for preparing the accounts and regulatory filings relating to these.

Role Description:
Assist in the annual budgeting process and the subsequent monitoring thereof.
Assist in creating long-term financial strategies to maximize shareholder value whilst pursuing prudent policies.
Provide inputs in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to personnel responsible for accounts services and monitor their achievements on periodic basis.
Ensure that relevant accounting reports are prepared and presented to management/ the Board on time to enable them to monitor business performance closely and take timely corrective actions.
Ensure that correctness of the payments made by the departments and attachment of complete supporting documents thereof.
Prepare consolidated financial statements in accordance with International Financial Reporting Standards and QCB, QFMA and QFCRA regulations. Provide inputs in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to personnel responsible for group consolidation and monitor their achievements on periodic basis.
Ensure timely and balanced disclosure of all material matters concerning QNBC. In doing so, develop mechanisms designed to ensure compliance with all relevant Qatari laws and regulations e.g. QCB, QFMA and QFCRA regulations.
Ensure that relevant consolidated reports are prepared and presented to management/ the Board on time to enable them to monitor business performance closely and take timely corrective actions.
Ability to perform financial statements analytics
Ensure all financial regulatory reports/returns are prepared at a timely manner and are in line with the relevant regulatory requirements.
Ensure monitoring of local and international regulatory changes, accounting standards and assess the impact of such changes on the periodic reporting to the regulators and also assess the impact of such changes on the financial statements.
Ensure the existence, timely updating and continuous adherence to policies and procedures relating to preparation/submission of regulatory returns, consolidated financial statements etc.
Demonstrated expertise with company financial systems used for consolidation, both internal and external financial reporting and consolidated financial analysis.
Liaise with the Group's IT Department to ensure accounting reporting needs of the department are timely resolved/ attended to, to the extent these are dependent on required system enhancements.
Provide timely and accurate information to the management and external and internal auditors and the Compliance function as and when required.
Review the key processes/ procedures and evaluate them to achieve improvements which will also help increase external customer satisfaction.
Deduction or withholding tax, from the payments which are subject to tax, and onward deposit of this tax to the Tax Authorities under Ministry of Finance
Ensure timely receiving, processing and recording of vouchers/ invoices and maintenance of records pertaining to the same.
Ensure that invoices are paid within the credit period and proper approval is taken before the payment.
Ensure that accounting of prepayments and accruals are correct.
Ensure timely submission of financial cost reports to senior management.
Monitor the accuracy of the accounting/ journal entries performed centrally at Group Financial Control.
Liaise with the other managers/specialist within GFCD to ensure that accounting of fixed assets and depreciations are correct.
Liaise with the Group's IT Department to ensure accounting reporting needs of the department are timely communicated.
Follow up overall accounting process for each international presence.
Ensure the withholding tax is deducted from the payments subject to tax. Liaise with other departments on required documents if any tax exemption is requested by the vendor.
Ensure that all accounting policies and procedures used are in line with IFRS, regulatory requirements and the Bank's accounting policies.
Supervise the issuance of monthly MIS reports along with commentary.
Initiate improvements in processes for enhancements of productivity, quality and services.
Liaise with external Auditors at each quarter end and during annual audit on different requirements relating to the department required by them.
Supervise the review of financial statements and notes to the accounts at each quarter end and during Annual audit.
Possess a superior knowledge of preparation of consolidated financial reports, accounts function of a bank and maintain an understanding of all pertinent regulations as well as best practices pertaining to accounting function.
Strong knowledge of Qatari tax laws and commercial law to review the contracts with vendors and determine deduction of withholding tax.
Responsible for developing and training in the appropriate skills to ensure an effective and informative MIS.
Take decisive action to ensure speedy resolution of unresolved grievances or conflicts amongst accounts personnel
Ensure high standards of confidentiality and ethics to safeguard commercially sensitive information

Qualifications:
Minimum of 10 year experience in a major bank in a managerial capacity in the accounts function seasoned with "Bachelor/ Masters Degree preferably" in finance, accountancy or related subjects
Professional certification such as CPA, CA, CMA, CFA etc. is a plus.

Required Special Skills
  • Good oral and written communication skills in English and Arabic (preferred).
  • Knowledge of various accounts related processes and related pronouncements, including but not limited to IFRS, IAS, etc.
  • Proficiency in accounting tools/ techniques and methodologies.
  • Well-developed analytical and interpersonal skills.
  • Ability to deliver under pressure.
  • Knowledge of accounting rules for the various products of the Group

Note: you will be required to attach the following:
1. Resume / CV