Accountant- Regulatory Reporting/IFRS 9

• Preparation of daily, weekly, monthly, quarterly, and annual returns to CBK in collaboration with Accountant-Financial controls, under guidance of Senior Manager Financial Controls.
  

• Preparation and submission of monthly data to KDIC in collaboration with Accountant-Financial controls under guidance of Senior Manager Financial Controls.
  

• Scan the regulatory environment and keep Senior Manager Financial Controls informed of all new accounting policies and procedures and reporting rules and regulations and their implications.
  

• Liaise with respective departments to ensure compliance in submission of all regulatory returns CBK as per the prudential guidelines.
  

• Ensure compliance with local regulatory requirements as issued by the Bank Regulators, the Ministry of Finance, and other bodies affecting the banking industry.
  

• Compliance of central bank reporting requirements and maintenance of required rations and norms.
  

• Identify the areas for improving the quality of data used for reporting.
  

• Attend the queries from Central Bank, KDIC, internal and external auditors.
  

• Preparation of surveys and other one-off requirements to Central Bank.
  

• Any other duties assigned from time to time.
  

Financial Reporting

• Assist in ensuring the compliance and implementation of accounting policies and standards, including IFRS and Central Bank Guidelines.
  

• Input for and validation of IFRS 9 provisioning model.
  

• Support financial reporting team in respect of preparation of key financial reporting schedules for credit risk and liquidity risk, in line with department standards.
  

• Provide backup for the accountant-Financial Control
  

Key Control Standards

Internal financial controls and policies, standards & procedures, General Ledger standards and controls including financial data processing – integrity, accuracy, sufficiency, Systems security, Department

Operating Instructions and process flows, Key Control Standards, Key Control Self-Assessment, Key Risk Indicators, systems logical access control.

Education:

• CPA-K or similar qualification.
  

• University Degree in Finance, Accounting or Business Studies.
  

Experience and Skills

• Minimum 3 years post qualification experience in a similar position and/or in accounting or audit
  

• environment
  

• Knowledge of International Accounting and Reporting Best Practices
  

• Good knowledge of the Financial and Banking sector
  

• In depth knowledge on accounting concepts, principal, and knowledge of banking products.
  

• Knowledge of reconciliation procedures
  

• Knowledge of CBK electronic software reporting module
  

• Knowledge of CBK reporting requirements and repercussions for failure to comply.
  

• Good interpersonal skills and good verbal and written communication skills.
  

• Good numerical skills
  

• Good computer skills, especially MS Excel
  

• Financial & Non – Financial (impact on end results “department budget, cost of operation, sales margin, operating income, staff discount”)

Financial: None

Non-Financial: To improve existing workflow and process based on business and product understanding.

Job Complexity/Judgment

In depth knowledge on accounting concepts, principal, and knowledge of banking products.

• Head of Finance (CF0)
  

• Branches
  

• Risk
  

• IT
  

• Internal Audit
  

• Business teams (If required)
  

External

• Central Bank and other regulatory authorities e.g., KDIC
  

• Tax Authority
  

• Ministry of Finance
  

• External Auditors
  

• Tax advisors
  

Education

• University Degree in Finance, Accounting or Business Studies. Studies is and added advantage
  

• Excellent analytical thinking with integration skills to increase the effective use of Management data.
  

• Excellent numerical skills.
  

• Good computer skills, especially MS Excel.
  

• Negotiation and presentation skills.
  

• Creative, with initiative, flexible and able to work under pressure.
  

Work Experience

• Knowledge of International Accounting and Reporting Best Practices
  

• Good knowledge of the Financial and Banking sector
  

• In depth knowledge on accounting concepts, principal, and knowledge of banking products.
  

• Knowledge of reconciliation procedures
  

• Knowledge of CBK electronic software reporting module
  

• Knowledge of CBK reporting requirements and repercussions for failure to comply.
  

• Good interpersonal skills and good verbal and written communication skills.
  

• Good numerical skills
  

• Good computer skills, especially MS Excel
  

• Dynamic, analytical, and self-driven individual with the ability to work under pressure.
  

Competencies

• High impact in terms of risk and delivery responsibilities.
  

• More demanding internal and external customers due to financial sector sophistication and maturity requiring more sophisticated reports.
  

• Strong decision-making ability is required on the application of local regulations and bank policies.