Assistant Manager- Financial & Internal Control

Job Description

Job Title: Assistant Manager- Financial & Internal ControlÿReport To: Department HeadÿTeam Size: 3ÿÿÿÿTotal no. of End Users: 50ÿJob Purpose: Financial analysis and Reporting- Management reports, Compliance with the local regulatory authorities (including Central bank, Ministry of Finance and taxation authorities) and head office guidelines, year-end audit.ÿKey ResponsibilitiesÿInternal ControlúÿÿÿÿÿÿEnsuring that all reconciliation functions are accurately and effectively fulfilledúÿÿÿÿÿÿDirects the review of General Ledger and ensure rectification and reporting of any errors, if any.úÿÿÿÿÿÿEnsure daily reviews & reporting of accounting entries and reconciliation of the same to avoid or eliminate any possible human or system errors that can distort the financial position / figures.úÿÿÿÿÿÿResponsible to ensure timely reconciliation of all sundry accounts and develop and maintain proper and effective follow-up system for any outstanding entries.úÿÿÿÿÿÿAssist in maintaining adequate internal financial control procedures for all financial functions including adequate separation of duties.ÿFinancial analysis & reportingúÿÿÿÿÿÿSupervises the design and implementation of the finance systems and reports in coordination with the ITD to enable timely and efficient reportingúÿÿÿÿÿÿFinancial analysis and efficiency framework, capital expenditure control in conjunction with the management, financial and cost / benefit analysis and advice on complex matters relative to financial processes.úÿÿÿÿÿÿDrive the preparation of Quarterly /annual financial accounts, in line with IFRS and relevant regulations.úÿÿÿÿÿÿReview and analyze variations of income, expenses and balance sheet figures and submit to the senior manager with recommendations.úÿÿÿÿÿÿReview the preparation of CBK reporting in line with their regulations and ensure that no audit findings.úÿÿÿÿÿÿAssist in the preparation of the year end accounts in conjunction with External Auditors, CBKs regulations and Head Office directives.úÿÿÿÿÿÿCoordinate the annual audit and taxation exercises and assessments with external auditors. Respond to queries, compile and provide information on regulatory, taxation and other financial mattersúÿÿÿÿÿÿEnsure that the financial statements and returns of the bank are in accordance with the statutory, regulatory and other requirements and in accordance with group standards, procedures and timetables.úÿÿÿÿÿÿEnsure compliance with statutory requirements, rules and regulations and International Financial Reporting Standards.ÿExpenditure ManagementúÿÿÿÿÿÿControl expenditure and ensure expenditure is accounted for and delivers value for money.ÿPlanning and BudgetingúÿÿÿÿÿÿAssist in the preparation and submission of the Kuwait annual budgets as per the stipulated HO deadlines and monitor progress towards their achievement, drawing attention to important trends and opportunities to maximize income, reduce cost and minimize risk.úÿÿÿÿÿÿMonitor the operating and capital expenditure to ensure adherence to budgeted limits.ÿAccountingúÿÿÿÿÿÿAssist in driving the accounting functions under IFRS/CBK regulation, Maintain integrity of General Ledger.

Keyskills :