Finance Officer (Dubai Branch)

Role Objective The incumbent will support the Finance Manager in effective operations of the Finance unit within UAE branches, encompassing reconciliation / accounts payable and FC deliverables, in compliance with the regulatory mandates. The incumbent will ensure prompt preparation of periodic regulatory reports, returns/requests, and timely processing/reporting related to Reconciliation/ payables / FC activities.Detailed Roles and Responsibilities:Assist the Finance Manager in preparation of the balance sheets and related calculations/tables pertaining to the UAE branches for review/due submission to the Central Bank of UAE, in line with the reporting guidelines.Assist the Finance Manager in the sharing / implementation of the new CBUAE Regulatory Reporting requirements that the regulatory agencies/ governmental bodies might enforce, in terms of the policies and operational procedures.Assist in coordination efforts with the internal stakeholders in ensuring prompt submission of statutory and regulatory financial reporting requirements across the branch in line with the guidelines set by the respective regulatory authorities.Support in review of manual matching of items outstanding in the accounts assigned, based on the matching criteria agreed/defined.Identify and update the Finance Manager, and the relevant Dept. on un-reconciled /outstanding transaction items, for necessary rectification, in compliance with operational risk, audit & compliance requirements.Attend/assist in the preparation of monthly reconciliation age analysis report for review by the Management.Assist the Finance Manager to carry out detailed reviews and identify system changes and recommend appropriate actions on timely basis.Ensure application of contract retention rule on settlement of invoices of local suppliers, as per Tax laws, when booking the invoice or effecting the payment.Assist in checking/verifying the Invoices Register in the Accounts Payable System, to ensure recording in accurate cost center enabling to effect the release of payments.Post transactions in the Accounts Payable System, for various types of transactions, as directed by the Finance Manager, post verification of the source documents and approvals.Promptly respond to, and/or escalate queries received from the vendors/suppliers or departments on account of issues related to invoices or payments to the Finance Manager for timely resolution.Manage and ensure proper maintenance of the fixed asset register for the branch, including but not limited to correct recording of asset additions, depreciations, and disposals, in line with the accounting policies.Involve and ensure processing of monthly accruals/provision on various expenses, bad debts provisions before end of each month.Managing Petty cash payment and preparing the monthly reconciliation showing transactions aging and status.Attend or assist to ensure all accounting records/files are maintained in proper order and send files/records to Central Archives on regular basis, after completion of the annual audits.Attend to tasks assigned by the Finance Manager involving Chart of Account, Ledger Interest Rates etc. in Core Banking System pertaining to UAE branches.Educational Qualifications and Experience:University graduate with a degree in Business or Banking or Finance or any other related discipline.Master’s degree in Management any other related discipline will be an added advantage.5-8 years of total experience in financial services/banking industry, entailing responsibilities pertaining to the specific area of discipline.Experience in Accounts Payable or reconciliation or FC or regulatory reporting.