Senior Accountant

  • Full Time
  • Doha, Qatar
  • Applications have closed

Qatar First Bank (QFB)

To support the Financial Control’s objectives through the efficient and effective processing of all approved accounting entries related to expenses, payables, receivables, prepayments & fixed assets and assisting in financial reporting and budgeting.

Budgeting and forecasting

Supports manager to prepare annual budget:

  • Informs department managers of due dates for the submission of budget/business plan information;
  • Acts as an advisor to department managers in formulating their budget/business plan submissions;
  • Reviews proposed budget/business plan submissions from department managers for accuracy and completeness before manager;
  • Creates a consolidated budget version for management approval;
  • Uploads approved budgets to the system; and
  • Updates budgets/business plan whenever required by the senior management.

Management Reporting

  • Prepares monthly management reports;
  • Prepares KPI reports for departments;
  • Prepares forecast reports;
  • Prepares compliance reports;
  • Prepares ALCO cash flows and other reports required by management; and
  • By coordinating with other departments, prepares a reporting pack for the Board of Directors

Taxation:

Prepare the needed tax supporting schedules for QFB and SPVs; and

Co-operate with tax consultants.

Financial statements and audits of the Bank and its subsidiaries

  • Prepares consolidated financial statements (annual, semi-annual and quarterly) of the Bank; and
  • Assists external auditors for their audit and review engagements.

Regulatory reporting:

  • Prepare monthly, quarterly, semi-annual QFCRA reports;
  • Prepare the monthly QCB – BOP report; and
  • Other ad hoc reports

Routine Activities:

  • Prepares revenue recognition entries (mainly private banking, alternative investments, the share of profits and dividends) by compiling and analyzing account information received from various departments;
  • Verify the staff reimbursements, petty cash and corporate credit card expenses; and
  • Maintain and reconcile schedules of various prepayments and accruals and ensure the recording of the necessary month-end entries.
  • Processes & guide admin for booking of all fixed assets related entries into the respective modules.
  • Verify all invoices prior to preparing payment requests. Ensure that the entries are accurately recorded in the system; and
  • Review invoice related entries and internal documents prepared before Head of Finance review
  • Maintains the chart of accounts in the Bank system as per the direct manager instructions;
  • Participates in the testing of a new system/product module implemented by IT.
  • Ensures cost-saving measures are incorporated in all activities of the department
  • Ensure that the files are properly archived on a regular basis.

People

  • Maintain a good working relationship with colleagues, supervisors and external agencies;
  • Supervise and guide junior staff; and
  • Be open to constructive feedback.

Miscellaneous

  • Attends to all required training and meetings
  • Undertakes additional duties, which may be reasonably expected and forms part of the function of the job

Key Interfaces

Financial Control Staff

All other departments

Tax consultants

External auditors

 

Key Performance Indicators

Policies and procedures:

Comply with all applicable policies and procedures

Operational and financial

Minimal errors in entries passed into the system;

Minimal errors in the proof sheets and supporting documents;

Processing the entries within an acceptable time frame;

Preparation of financial statements and management reports accurately and timely;

D. EXPERIENCE, QUALIFICATIONS & SKILLS

Minimum Entry Qualifications

  • Min 5 years of accounting experience in large organizations
  • Bachelor’s degree in accounting
  • CPA and other Accounting certifications
  • Experience working with the Big4
  • Experience working with regulators
  • Experience working with financial institutions
  • English is a must
  • Residing in Qatar with transferable visa
  • Previous experience in a similar role
  • Good knowledge of MS office
  • Experience in Microsoft Dynamics GP and T24
  • Good knowledge of regulatory reporting