Supervisor, Financial Reporting

MAJOR FUNCTIONS

Perform consolidation activities of the group, review financial transactions and reconcile with accounts to ensure the accuracy of financial data and compliance to all internal/regulatory/IFRS protocols. Prepares Accounting/Financial reports by analysing related accounting data.

ESSENTIAL FUNCTIONS  

Financial reporting

External reporting activities:

• Detailed coordination with Group auditors to ensure smooth completion of audits, including resolving audit queries, coordination of information for audit and review of audit reports and audit deliverables.
• Responsible for preparing and coordinating in the quarterly/annual statutory Audit of standalone entities as well as for group consolidation.
• Responsible for maintaining and upgrading (up to schedule level details), the automated consolidation tool - BPC
• Responsible for data gathering and other coordination activities for ESR filings in local as well as offshore jurisdictions.
• Should be well versed with the implications of UAE CT laws, particularly those surrounding Holdcos, FZEs, exempt income, audit disclosures as per IFRS, etc.
• Responsible for advising on practical applications of the UAE VAT law, particularly dealing with FZEs in the aviation sector.
• Responsible for arranging data and support activities for any other compliance requirements.
• Assist with any other ad-hoc external reporting as and when it arises.

Internal reporting:

• Responsible for adhering to the monthly close timetable of the company and for post-close activities, including consolidation of results at a group level.
• Periodic review of general ledger and other accounting records of group entities and ensure compliance with accounting policies and procedures.
• Detailed understanding of the underlying accounting records and transactions to ensure appropriate consolidation entries are recorded.
• Responsible for preparing accounting positioning papers/advice on the treatment of critical accounting matters/transactions of the group based on IFRS principles.
• Responsible for preparing materials to be submitted for the quarterly board reporting pack.
• Responsible for assisting in the creation of automated group reporting dashboards.
• Responsible for preparing and analysing weekly funds position reports for management.

Enhancement/streamlining activities:

• Assist in conceptualization, implementation, roll out and upkeep of a comprehensive group reporting plan
• Should take the initiative in assisting with the automation of multiple manual reports.
• Work to extend the ability of the BPC tool to be a one-stop solution for snap retrieval of consolidated numbers, serving multiple reporting needs.

Sustainability Reporting

• Coordinate and compile information for Group’s Sustainability Report by coordinating with various stakeholders across the Group.
• Assist in the preparation of Group’s Sustainability Reports, including checking accuracy, completeness and appropriateness of the reporting including ensuring compliance with the applicable Sustainability Reporting Standards.
• Obtain an understanding of the various sustainability reporting standards and maintain detailed knowledge of the sustainability reporting standards applicable to the Group’s Sustainability Reports.

Data Accuracy, Documentation and Confidentiality

• Identifies, investigates, and rectifies routine errors and anomalies in data and reports so that all financial data can be relied upon.
• Maintains financial files and information in a way that allows ease of retrieval of information and reports.
• Maintain strict confidentiality of financial information being handled.

Reporting and Communication

• Reports to the Manager, Financial Reporting on all work activities.
• Liaises with various internal and external stakeholders to carry out responsibilities assigned.
• Maintains and exhibits excellent working relationships with all Crescent staff.

Continuous Improvement of Position

• Maintains professional and technical Accounting/Financial knowledge by attending educational workshops and reviewing professional publications. Undertakes studies toward professional accounting qualification. Recommends subsequent actions to senior management.

Minimum Educational, Technical Qualifications/Certifications Required

• Professional certification CA OR ACCA

Minimum Professional Experience Required

• 8 to 10 years of relevant consolidation Accounting and reporting experience, especially in a Holdco setup involving complex holding structures.
• Undertaking study towards professional accounting qualifications

Knowledge of important compliance law:

• UAE ESR
• UAE VAT
• UAE Corporate Tax
• IFRS - Advanced level of knowledge/experience is a must.

Systems skills:

• S4/Hana (Preferable)
• BPC for consolidation (Preferable)
• PowerBi (will be a plus point)