Job Description

Job Summary

The incumbent will monitor the general Ledger and will ensure that invoices are paid/ recorded in a timely and accurate manner in accordance with approvals, policies and procedures. Will be involved in making the MIS, Financial and regulatory reporting and other day to day assignments within the department as per his job nature.


Main Responsibilities

A. Shareholder & Financial:

To ensure that the invoices are paid and recorded in a timely and accurate manner in accordance with approvals, policies and procedures. Fixed assets are accurately recorded and monthly depreciation is correctly processed Prepayments and Accruals are done and monitored properly. Ensure that relevant reports are prepared and presented to management on time to enable them to monitor business performance closely and take timely corrective actions. Assist in providing inputs in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to personnel responsible for international regulatory reporting and monitor their achievements on periodic basis. Assist in preparing MIS and other reports pertaining to the departments. Implements KPI's and best practices for Associate Financial Accounting role. Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank. Act within the limits of the powers delegated to the incumbent.

B. Customer (Internal & External):

To provide required support to all internal and external customers to achieve the department's objective To assist customers in all their queries on Bank's product and seek solution to their requests. Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/units to achieve improvements in turn-around time. Build and maintain strong/effective relationships with related departments/units to achieve the Group's objectives. Provide timely/accurate data to external/internal Auditors, Compliance, Financial Control and Risk when required.

C. Internal (Processes, Products, Regulatory):

The monitoring of the General Ledger of the Bank. Timely receiving, processing and recording of vouchers/ invoices and maintenance of records pertaining to the same. Ensure that invoices are paid within the credit period and proper approval is taken before the payment. Ensure that accounting of prepayments and accruals are correct. Ensure timely submission of financial cost reports to senior management. Ensure that accounting of fixed assets and depreciations are correct. Ensure reconciliation of related accounts and statements

D. Learning & Knowledge:

Possess knowledge of accounts function of a bank and maintain an understanding of all pertinent regulations as well as best practices pertaining to accounting function. Responsible for developing and training junior staff in the appropriate skills to ensure an effective and informative MIS and smooth working within the department. Identify development area for self and junior team members and act to develop those areas

E. Legal, Regulatory, and Risk Framework Responsibilities:

Comply with all applicable legal, regulatory and internal compliance requirements including, but not limited to, Group Compliance Policies and Procedures (AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy). Understand and effectively perform your role under the Three Lines of Defence principle to identify measure, monitor, manage and report risks. Ensure systematic good outcomes for clients in accordance with Conduct Risk policy. Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in accordance with the Operational Risk Management requirements. Maintain appropriate knowledge to ensure full qualification to undertake the role. Complete all mandatory training provided by the Bank, attain, and maintain the required levels of competence. Attend mandatory (internal and external) seminars as instructed by the Bank.

F. Other:

Ensure high standards of data protection and confidentiality to safeguard commercially sensitive information. Maintaining utmost confidentiality concerning customer and internal bank information obtained during the course of business and provide such information on a need to know basis only to Senior Management of QNB, Audit and Compliance functions, and relevant Regulators. Maintain high professional standards to uphold QNB's reputation and to strengthen its market leadership position. All other ad hoc duties/activities related to QNB that management might request from time to time.

Education and Experience RequirementsBachelor degree University Graduate/preferred with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study) Professional certification such as CPA, CA, CMA, CFA etc. is a plus.

Required Special SkillsExcellent oral and written communication skills (including report writing) in English and Arabic. Knowledge and understanding of various accounts related processes and related pronouncements, including but not limited to IFRS, IAS, etc. Knowledge of accounting tools/ techniques and methodologies. Ability to deliver under pressure. Ability to build relationships across the organization to deliver results. Knowledge of accounting rules for the various products of the Group. Good interpersonal and presentation skills. Understanding of the relevant laws, regulations, and practices. Ability to make decisions and follow through with initiatives. Personal integrity and self-management. Planning, organising, and analytical ability. Results oriented. * Strong analytical skills and the ability to communicate both verbally and in writing with all levels of management.