Chief Accountant

Job description / Role

The Investment Banking Division of a well-established Islamic Investment Bank in Bahrain is engaged in advising, structuring, managing securitization transaction and placing fixed income and equity offerings for both corporate and sovereign clients. The division also assists clients in analyzing and optimizing their capital structure and assists them in obtaining an efficient and appropriate mix of equity and fixed income finance, including raising equity through private and/or public offerings.

They are currently looking to recruit a Chief Accountant for their Saudi office.

Ensuring that all financial reports adhere to the Company's policies and the regulatory requirements and exhibit a true and fair view of the Co.s financial position and performance. Ensuring overall monitoring and control of the accounting and book keeping activities of the Co.

Key Responsibilities
- To identify and implement new technology solutions to increase the productivity in the department and provide higher quality management information for the management and the executive management members.
- Review and monitor the expenditure process proactively. Suggest procedural changes necessary to ensure that errors are logged and corrected.
- Act as the liaison between the Bank and the Banks clients by proving accurate information regarding clients accounts to unit/department/division heads and the Banks auditors and by providing clients with audit balance confirmation from the Bank.
- To ensure compliance with financial policies and accounting standards.
- To ensure up-to-date budgets and variance analysis.
- To accurately prepare and submit regulatory returns to regulatory bodies as applicable and on time.
- To prepare and/or review periodic management accounts and financial reports as a decision support system.
- To publish correct financial information.
- To establish and implement an adequate budgetary control environment through development of adequate budgets in consultation with other unit/department/divisional head and in accordance with Board objectives & directives.
- Monitor, review and update the budget along with the provision of variance analysis reports.

Requirements

- A qualified CIA, ACA,ACCA with 5-7 years of experience in Financial Control functions, preferably in Financial institutions.
- Excellent knowledge of International Accounting Standards.
- Arabic Speaker.
- Knowledge of mutual funds and brokerage is advantage.
- Ability to work on multiple projects simultaneously
- Good understanding of local regulations.
- Excellent knowledge of Microsoft office (Word, Excel, PowerPoint)

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering