Reporting Specialist - ALCM

JOB PURPOSE / ROLE:

To prepare, collate and finalize Reports and Financial Notes, SAMA submissions, carry out necessary financial analysis, ensure adherence with appropriate IFRS and any other existing Regulation as applicable. Do financial projections and verify capital adequacy calculations as submitted by various sources within the Bank. Check data provided by other Units/Division for its consistency and accuracy before submitting the final output. Carry out all other analysis and checks as required by the Department Head for him to provide management with all required financial data, with utmost accuracy, timeliness, and within set standards and guidelines.

AREAS OF RESPONSIBILITY:

Policies, Processes & Procedures

• Follows all relevant departmental policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner

Day- to-day operations

• Follows the day-to-day operations assigned for the function and ensures adherence with the established standards and procedures

Regulatory Reporting

•  Supports preparation and review of finance related financial/SAMA/Basel reports in liaison with other Finance functionaries to ensure compliance with regulatory requirements

• Reviews financial/SAMA/ Basel reports prior to submission in order to validate the quality and completeness of the financial information reported

Asset Liability Analysis

• Supports in monitoring the Bank’s capital ratios/ prudential and adherence to the guidelines set by SAMA and the Board so that any breaches/ deviations are identified and addressed promptly.

Segment Reporting

•      Prepare Reports of revenues, income, assets, depreciation, and capital expenditures for the Bank’s segments in line with applicable local and international standards.

• Continuously aim to improve reporting through system development to enhance reporting

•         Collects and compiles various segment materials needed in support of requests from other Finance functions, the executive management and Board 

Financial Analysis

• Carry out detailed financial analyses

•  Liaises with different functions whenever financial analysis support is requested and perform ad-hoc financial analysis requested by Management to support informed decision making

• Extracts data from financial databases, financial statements and accounting records and compile analysis in a periodical manner for accurate financial reporting

QUALIFICATIONS & EXPERIENCE:

Minimum Qualifications:

§  Bachelor’s degree in Business with specialization in Finance or Accounting/Professional qualification preferable

Minimum Experience:

§  4-6 years relevant experience in the banking sector

Language:

English: Advance