A leading Bank located in Baghdad - Iraq is looking to hire Financial Control and Reconciliation Manager

  Key Roles:

·        Ensure the key components of the financial statement are recorded properly & accurately and according to adopted IAS & IFRS.

·        Monitoring the reconciliation of country accounts within the Arab Bank branches, external banks and local branches, moreover, ensure that all accounts are up to date and followed up.

·        Monitor all country expenses and ensure its adherence to (Budget limits, Guidelines, and proper posting G/L).

·        Accountable for cost accounting and payment control for effective cost management

·        Follow up / Ensure the timely settlement of outstanding amounts.

·        Participate in managing end of month closing process and ensure the key components of the financial statement are recorded properly and accurately.

·        Ensure that expenses are allocated & reflected in accordance with P&P and budget.

·        Works closely with External and internal Auditors to ensure full compliance and financial reporting matches best international practice.

·        Supervising the monthly process of closing fixed assets and review monthly depreciation of the assets in accordance with the proper classification.

·        Monitor and control Prepayment, accrued expenses internal accounts, stationary, other assets and other liabilities account.

·        Ensures proper supervision of assigned staff in processing payments and maintaining financial records within target TAT. Reviews, signs-off payments in accordance with Banking policy and procedures.

·        Ensure proper posting of expenses to correct ledgers and Revision the payment of all types of taxes owed on the bank.

·        Ensure the Bank meets vendor expectations and written agreements in relation to honoring Bank’s payables.

·        Follow up closely on all Tax issues and yearly submissions to Tax authorities and examiners.

Job Requirements:

Education:  Bachelor degree in Accounting, Finance, or any related field, a degree in CPA, CFM, CMA is a plus. 

Experience:  9 years' experience in accounting, preferable auditing experience from a Leading International Regional Bank, and good experience in MIS projects management.

Competencies:

Fluent in English (Arabic is a plus).

Strong analytical & numerical skills .

Good understanding of Internal and Central Bank work   

 procedures.

Full knowledge of country regulations.

Team building and team player.

Al Manar is the leader in providing HR and Business Solutions in Iraq. We work closely with our clients to identify their needs and offer them our wide range of HR services such as recruitment, payroll, training and consulting. Our services help our clients to focus on their strengths and expand their business