• Prepare financial statements for the OCR (AUM>US$30bln) in accordance with IFRS and AAOIFI FAS.
• Perform advanced financial analysis of the various entities (AUM>US$5bln), prepare detailed technical accounting and reporting studies.
• Advanced knowledge of all relevant IFRS and AAOIFI accounting standards and a working knowledge of the Bank’s SAP financial reporting system.
• Formulate expert technical recommendations with regards to application of financial accounting standards.

Account Management:

• Design, develop and Implement necessary operational procedures to meet complex accounting, reporting and disclosure requirements of the international accounting standards and AAOIFI.

• Formulate appropriate accounting processes to ensure accuracy of financial statements prepared.

• Review all financial transactions to ensure their compliance with Generally Accepted Accounting Principles and Practices.

• Ensure compliance and conformance of all transactions with IsDB's rules, guidelines, and internal control systems.

• Ensure effective integration of the Division's policies and procedures with SAP to make finance and accounting more SAP compliant.

• Manage the project Income accruals process from CML for all Project Assets and postings to GL.

• Run, verify, and post all foreign exchange valuations of the assigned entities.

• Review balances of all technical clearing accounts relating to projects and ensure timely clearance.

• Develop a wholistic view of the entities under management including operational, funding, treasury activities.

Financial Statements: 

• Preparation of complex monthly/quarterly and annual financial statements with all the required disclosures for the assigned funds/entities.

• Lead research and analysis on relevant areas such as IFRS/AAOIFI accounting standards specific to financial accounting of the Bank and other funds.

• Develop/Evaluate appropriate financial performance indicators to be included in the annual report.

• Coordinate the annual Shari’ah clearance procedures between the Shari’ah Division and other relevant Bank departments.

Policies & Procedures: 

• Contribute in the preparation of IsDB's accounting policies in conformance with the International Accounting Standards like AAOIFI, IFRS and compliance with Sharia’h rules and guidelines.

• Advise in the drafting and updating of policies on technical accounting issues related to complex transactions.

• Coordinate with the team to establish a framework of internal controls over the financial transactions of all departments to adequately safeguard assets and efficiently manage the liabilities.

• Provide technical guidance on interpretation of policies and procedures, relevant AAOIFI and IFRS pronouncements and legislative regulations applicable for the division.

• Interpret complex disclosure requirements as per latest standards to ensure conformance with necessary audit requirements while preparing financial statements.

• Oversee effective implementation of new statutory accounting standards after evaluating their impact on the relevant functional areas. 

Reporting & Communication: 

• Manage applicable financial audits and conduct follow up with the Division on audit recommendations.

• Manage the preparation of the relevant audit committee reports to be submitted to the Audit Committee of the BED.

• Facilitate timely availability of the relevant data from other departments for the preparation of financial statements.

• Represent IsDB at various external forums including regional and international events to establish a strong image of the Bank as a group.

• Keep abreast with the latest regulations in the international markets and any other jurisdiction that may have an impact on the Group’s operations.

• Prepare the relevant and necessary information needed for the Bank’s Rating Agencies and for Sukuk Issuance.

• Bachelor’s degree in Accounting, Finance, or related field.

• Certification in CA, CMA, ACCA, CPA or CIPA is preferred.

• Minimum 8 years of experience in finance and accounting at senior roles, preferably in a Multilateral sector or large Global organization.

• Strong MS Excel and applied SAP skills and experience.
• Financial Management.
• Financial Reporting.
• Financing Instruments.
• Building Relationships.
• Passion for Excellence.
• Analytical Thinking.
• Problem Solving.
• Knowledge of Development Sector.
• Accounting.
• Audit Operations.
• Report Writing.
• Product Knowledge in Islamic Finance, Sukuk, Murabaha etc.

• English (Mandatory).
• Arabic (Preferred).
• French  (Preferred).