Assistant Vice President, Accounting And Internal Reporting

Required Skills

The role requires a bachelor's degree, solid experience in accounting/finance, preferably in a financial institution, and strong knowledge of IFRS and JGAAP accounting. Expert proficiency in Excel and familiarity with tools like Power BI or CoPilot are essential. The candidate must be able to manage complexity, possess strong numerical skills, and work independently.

Job description / Role Job Type Full Time Job Location Dubai, UAE Nationality Any Nationality Salary Not Specified Gender Not Specified Arabic Fluency Not Specified Job Function Accounting & Audit Company Industry Banking & Financial Services Who we are United by a sense of purpose towards our customers - to be a trusted partner for the long-term - and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience by joining us to support our clients' transition to a sustainable future. Role summary Is the next step in your career at SMBC Group EMEA? We're looking for an AVP Accounting & Internal Reporting for our Finance & Control Department to join our team. The accounting specialist shall support the Accounting & Internal Reporting team by taking ownership for the execution of regular accounting and reporting tasks for SMBC Dubai & SMBC ME regional offices in compliance with applicable policies and procedures. This will ensure compliance with accounting principles (SMBC values: quality and sustainable growth). Accounting & Reporting includes ongoing bookkeeping and accounting, preparation of annual financial statements and coordination of external audit, compliance with accounting standards (IFRS and JGAAP), maintenance of internal system for financial accounting, and financial (non-regulatory) reporting for SMBC Dubai & SMBC ME regional offices. Facts and scale Provide daily support to all departments & F&C sections relating to financial accounting matters Responsible for month-end closure for Dubai and ME offices Compilation and preparation of the accounting reports (month end / quarter end / term end reports) Support in the preparation of audited financial statements and handling the related annual audit for SMBC Dubai & all SMBC ME offices Support the line manager in implementing adequate policies & procedures within accounting and having appropriate governance Assist various departments within the branch for their queries in relation to accounting of expenses, booking of fixed assets, recording expenses in the appropriate GL and any other ad hoc requirements Ad hoc support to key projects with significant accounting Responsible for cost monitoring, analysis & reporting Responsible for assessment of accounting standards and implementing IFRS accounting standards (including IFRS 9 & IFRS 16) Support in compiling financial forecasting for RBP Support in providing ROI related information to senior management under different methodologies Independent discussion with business on new products and resolution of problems Maintenance of relationships with business, within finance and other departments A good team player Ongoing discussions with UK regional team Act as backup for other team members Accountabilities and responsibilities Responsible for all regular accounting tasks in SMBC Dubai & SMBC ME offices, e.g. general ledger monitoring, maintenance and control under IFRS & JGAAP Responsible for month end / quarter end / term end reports by ensuring that the same is prepared as per JGAAP for internal & external stakeholders accurately & in a timely manner High quality understanding of IFRS and accounting principles Responsible for cost monitoring, analysis & reporting Responsible for assessment of accounting standards and implementing IFRS accounting standards (including IFRS 9 & IFRS 16) Responsible for month end closure for Dubai and ME offices by ensuring books are closed on a monthly basis after detailed scrutiny, investigation, identification & corrections of any incorrect or unusual booking or movement in the chart of accounts in a complete, accurate & timely manner Manage policies & procedures within accounting and having appropriate governance Support in various activities related to internal & external audit Support in new product review process for F&C Independent discussion with business on new products and resolution of problems Assist various departments within the branch for their queries in relation to accounting of expenses, booking of fixed assets, recording expenses in the appropriate GL and any other ad hoc requirements Support in the preparation of audited financial statements and handling the related annual audit for SMBC Dubai & all SMBC ME offices Support in testing & support in Oracle system implementation in Dubai & all SMBC ME offices Support in implementing controls to enhance completeness and accuracy of processes in the finance department Competent contact person for the different departments for all questions arising from the above-mentioned activities Key role in various automation initiatives and coordinate with external & internal stakeholders for implementing various automation solutions for Accounting & Control within the SMBC ME region Support in compiling financial forecasting for RBP Support in providing ROI related information to senior management under different methodologies Maintenance of relationships with business, within finance and other departments A good team player Ongoing discussions with UK regional team Knowledge, skills, experience and qualifications Solid experience in an accounting / finance role, preferably within a financial institution Strong knowledge in IFRS and JGAAP accounting Educated to bachelor's level; any professional qualification is considered a plus Be able to manage complexity Strong numerical skills Expert knowledge in Excel and overall tech-savvy to work with tools like Power BI or CoPilot Demonstrating and promoting team spirit Be able to work independently Challenges With the dynamic nature of the banking business environment and the evolving regulatory landscape, staying abreast of changes and ensuring proper adherence to these stringent regulations will be a crucial task. Moreover, the growing demand for transparency and accountability in financial reporting calls for enhanced skills in data analysis, interpretation, and communication. Meeting these expectations while maintaining integrity and accuracy in our financial reporting will be a significant challenge that we must address proactively. Navigating these challenges will require continuous learning, adaptability, and a proactive approach towards embracing technological advancements in our field. Need to work closely with various stakeholders to overcome these obstacles and elevate the standards of our profession in the UAE. Competencies Customer focus Driving change Driving results Embraces diversity Enterprise leadership Judgement and decision making Risk management Strategic and visionary Trust and integrity What we offer For all the expertise and experience you bring to help us make a difference, it's only sustainable if we support you to build your career and be your best self, so we offer competitive company benefits centred around promoting positive well-being and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members' perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work-life balance include hybrid working, sport & social clubs, and diversity and inclusion networks. As an employee of SMBC, you have access to a host of both useful and exciting benefit offerings. Some of the benefits on offer to you include: Hybrid and flexible working Competitive paid leave days Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services Access to a wide range of learning and development opportunities and career progression opportunities Ambitious remuneration package So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today! About SMBC A trusted partner for the long term. United by a sense of purpose towards our customers - to be a trusted partner for the long-term - and our universal banking platform in EMEA, we deliver a full suite of corporate finance products and solutions to our customers, including corporate, structured and trade finance, leveraged finance, loan market and treasury products. We can also provide investment banking and advisory services and a range of innovative solutions in global capital markets. Apply Now