Assistant Manager - Group Consolidation (Central Account)

About the role

Mashreq Bank is looking for an Assistant Manager for Group Consolidation, a central account position open only to UAE nationals. The role supports the preparation, collection and consolidation of data for all bank entities so that timely and accurate monthly, quarterly, half-yearly and annual financial statements can be produced in line with IFRS.

Key responsibilities

• Prepare monthly consolidated group financial statements, including quarterly and annual ones, in line with IFRS.
• Liaise with the external auditor on quarterly and annual financials, the representation letter and the publication and printing of the Group Annual Report.
• Set up new general ledger accounts in Flexcube and Oracle, and inter-head office and overseas branch accounts in the UAE.
• Manage monthly downloads from Flexcube and Oracle and validate periodic data for consolidation using OFSA/HFM.
• Act as central point for preparing, validating, uploading and reconciling financial adjustments (OFSA/HFM) across legal entities.
• Maintain maintenance tables such as GL mapping, branch codes, business groups and cost centres.
• Prepare information on shares trading in the Dubai Financial Market (DFM) and arrange payment of DFM invoices; safeguard property documents, share certificates and gold coins of subsidiaries and arrange their annual audit.
• Support the PMAD in reconciling financial and management reporting, review audit engagement letters and invoices, and handle approvals and payments for overseas consultancy audits.
• Prepare information for foreign investment and economic surveys, assist with voucher posting, and help test and implement IFRS report changes.

Required profile

• Qualified accountant with 2-3 years of experience in accounting and management reporting in a computerised environment.
• Reasonable knowledge of the products offered by the bank.
• Excellent interpersonal and written and spoken communication skills.
• Good working knowledge of UAE Central Bank guidelines and IFRS.

Required skills

• Proficiency in computer application software.
• Knowledge of IFRS and OFSA/HFM consolidation tools.