• Background Information

Job Title: Financial control and reporting Manager

Job Level: JG 5

Division/ Department: Finance

Reporting to: Senior Manager Financial Information Management

Direct Reports:

• Senior Specialist Control Planning & Budgeting
• Management Accounting Officer 
• Financial Reporting Officer 
• Tax Officer
• Projects reporting officers

Indirect Reports: 

N/A

• Contract Terms - Open Ended

• Purpose of the Job

The Financial Control and Reporting Manager is responsible for ensuring the integrity of financial reporting, compliance with regulatory requirements, and the establishment of a strong internal control environment. This role will oversee financial reconciliation, reporting accuracy, risk mitigation, and adherence to IFRS, tax regulations, and internal policies. 

• Main Responsibilities of the Job

• Preparation of accurate and timely financial statements in compliance with IFRS and regulatory standards.
• Preparation of management reports, board reports, and performance analysis.
• Review daily net open position report to central bank
• Ensure financial statements are fully supported by reconciliations and schedules (e.g., borrowings movement schedule, deferred fees, prepaid expenses, etc.)
• Develop and implement internal controls to safeguard financial assets and prevent fraud.
• Monitor budget execution and provide variance analysis to support decision-making.
• Track financial performance, including interest income, fees, and commission analysis.
• Review all IBANK model automation and ensure they are correctly accounted.
• Ensure accruals (bonuses, leave allowances, supplier payments, etc.) are correctly accounted for
• Ensure compliance with tax regulations, including VAT, WHT, and corporate tax.
• Review and validate tax filings and liaise with tax authorities on compliance matters.
• Maintain compliance with IFRS and other accounting standards applicable to financial reporting.
• Act as the key contact person for both internal and external audits.
• Address audit queries, implement recommendations, and strengthen financial control processes.
• Ensure timely and accurate responses to audit findings and regulatory queries
• Review of weekly basis outgoing and incomings reports for the week (Each Tuesday)
• Oversee the preparation of EDWH reports within regulatory timelines. These reports include LCR, NSFR and CAR
• Oversee the preparation of interest rate risk report in the banking book on quarterly basis to Central bank.
• Review the Computation of supervision fees on annual basis and ensure the payments are processed with regulatory timelines
• Oversee the financials (Income statement and Balance sheet) in the Central reporting software (Vision) and ensure it reconciles with final quarterly financial statements. In case of variances due to adjustments after monthly electronic data warehouse reporting liaise with the central bank to open the same period and provide explanatory notes of variances before notification of publication
• Oversee on regular basis the GL Maps to ensure all GL Codes are reported in the electronic data warehouse
• Oversee the daily trial balance template that is being reported in the electronic data warehouse
• Oversee the FINMONTH template in the electronic data warehouse and ensure it agrees with the trial balance that we use for reporting internally.
• Oversee Prepare quarterly trend analysis and submit to central banks before publication of financial results
• Attend central bank information requests and queries on time and ensure a healthy collaboration with the bank direct supervisor
• Oversee the reconciliation between the post payroll cost related to projects to ensure proper allocation of cost to related projects from mainstream so that we can initiate the recovery on time
• Oversee the Work between Finance and human resources during payroll tax declaration and payment preparatory activities by reconciling the payroll with data within the GLs
• Reviewing the PPE before the end month
• Review on monthly basis of the amortization of deferred service commission to ensure that all income is properly recognized 
• Coordination of end month closure activities to ensure compliance for regulatory and management reporting

• Performance indicators

• Accuracy and timeliness of financial reporting.
• Compliance with IFRS and regulatory requirements.
• Effectiveness of internal controls and risk mitigation.
• Timely reconciliation of key financial accounts.
• Successful audit outcomes with minimal findings. 
• Review of all IBANK Automation model 
• Coordination of end month closure activities to ensure compliance for regulatory and management reporting

• Working relationships 

• Heads of department
• External stakeholders
• Banks
• Auditors

• Professional, academic qualifications and experience

• Bachelor’s degree in finance, Accounting, Economics, or a related field. A master’s degree is an added advantage.
• CPA, ACCA, or CFA (or in progress).
• Minimum of 4–6 years of experience in financial control, reporting, or audit, preferably in a banking or financial institution.

• Core competencies

• Experience with regulatory reporting
• Broad understanding of central bank regulations that guide reportable reports 
• Broad understanding of electronic data warehouse reporting requirements
• Debit and Credit management experience
• Reconciliations of Financial records
• Experience using accounting systems
• Knowledge of International Financial Reporting Standards and GAAP
• Experience in Financial Information Management
• Knowledge of Tax legislation
• Experience with reviewing financial statements and Integrated reporting
• Experience with general ledger functions and the month-end/year end close process

• Ability to adapt to the Core Banking software and other IT systems