Senior Financial Analyst

SolveCube is an award winning AI enabled Talent Marketplace Platform for middle and senior level Management and Technology Professionals. SolveCube is working with global consulting firms, mid and large banks and enterprises across Asia Pacific and Middle East to fulfill their talent needs for permanent, short-term, part-time, interim and turnkey assignments.Our client, a leading Bank in UAE is looking for Senior Financial Analyst based in Dubai.The ideal candidate will be responsible for managing multiple financial analysis projects at the same time. At month end, you will be responsible for budget, projection, and actual variance commentary. 1 JOB TITLESenior Analyst, Financial Accounting2 DEPARTMENT Financial control 3 REPORTING TO Senior manager, Accounting and Financial systems 4 JOB PURPOSEProvide support to Senior Manager, Accounting and Financial systems by maintaining a strong financial control framework, GLs reconciliation & substantiation, Period-end closing procedures, new products UAT & GL set up, Finance system maintenance & management including data management, system interfaces and control. Principal AccountabilitiesConduct GL substantiations, ensuring all balances are supported with appropriate reconciliations and documentation. Perform in depth financial analysis and conduct financial investigations to identify discrepancies, weaknesses and recommend corrective actions. Assist in monitoring and enhancing financial controls ensuring compliance with standards, policies and regulatory requirements.Prepare and review accurate journal entries.Review and remediation of GL rejections.Support month-end, quarter-end and year-end closing process.Management and reconciliation of receivables, payables, prepaid expenses, unearned income, accrued expense, old items outstanding, deferred credits and manager cheques.Assists in the development and implementation of new processes/systems to create efficiencies and process maturity within Finance.Assist in managing Fixed Assets Register including depreciation, WIP capitalization, prepare monthly, quarterly and yearly reports that reflect the movement and position of Fixed Assets. LPOs management and issuance, create purchase orders for approved spend requests, validate against approved business cases or memos.Update procurement categories for LPOs as required and ensure data integrity in the PO system.Manage annual Insurance renewal process and claims handling. Confirm the accuracy of the Banca Assurance commission amount, monthly with insurance companies and account Banca Assurance products’ income and expenses, accurately ensuring error free accounting.Service and QualityEnsure all work completed is accurate and well documented.Demonstrate personal responsibility and loyalty to the Company by adhering to corporate principles of business conduct, especially in relation to conflict of interest. Attend internal meetings where required and ensure action is taken to resolve any issues within a reasonable timeframe. Self-DevelopmentTake active interest to build skills and develop self to hold higher responsibilitiesJOB CONTEXTSupporting the department through the daily routine activities on financial control, analysis, GL substantiation, purchase order and payment processes. To play a key role in improving processing time and documenting processes.COMMUNICATION & WORKING RELATIONSHIPSInternalInteracts regularly with Team leader & Co-workersInteracts regularly with business and ITMajority of the work involves contacts and interactions with various departments within CBD especially COD, , IT and IT SecurityExternalInteract frequently with insurance companies, auditors, vendors etc. DIMENSIONS OF THE JOB(Financial dimension such as revenues, costs, capital expenditure, & non-financial like number of staff reporting etc.) Number of branchesNumber of General ledgersTotal AssetsNumber of customersFRAMEWORK, BOUNDARIES & DECISION-MAKING AUTHORITY(( (Nature of authority both financial & Non-financial if applicable)Normally the responsibilities will be discharged as per the directions of Senior Manager, Accounting and Financial Systems.JOB REQUIREMENTSQUALIFICATIONS (Both academic & Professional essentially required)Graduate, preferably Chartered Accountant EXPERIENCE(Number of years, type & at what level etc)4-5 years’ experience in finance / accounts functions preferably in a bankExperienced in Journals processing, GL substantiation, Payment processProven experience of financial systems - ERP Tool (e.g. Dynamics 365) Understanding of financial accounting standards (IFRS) and financial control frameworksSKILLSPlanning and organizing skillsReport writing and communication skills Numeracy and accuracy