Senior Financial Officer - Islamic Development Bank Group, Saudi Arabia, Deadline: Apr-01-2011 ( Expired )

Expired
IDB1257 - Senior Financial Officer / Islamic Financial Services Department
Business Unit: Finance Function: Finance & Economics
Department: Islamic Financial Services Industry (IFS) Country: Saudi Arabia
Location: Jeddah, Saudi Arabia Closing Date: 01-Apr-2011

Job Profile:
  • To carry out all financial responsibility related to Awqaf portfolios and investments.
  • Follow up, monitor and report all financial matters & settlements with all related parties internally or externally.
  • Advice seniors on all related relevant financial matters to maximize the efficiency of the department & Bank operations.
  • Supervise the work of related teams of less senior financial and accountants staff members.

Responsibilities:
  • Develop, review and approve all Awaqaf financial, operational, business plan, budgeting and financial modeling.
  • Oversee all related Awqaf disbursements and repayments and ensure that they are in line with IDB guidelines.
  • Supervise accounting & financial data collection, accuracy, processing, reporting and dissemination.
  • Supervise the updating process of all related disbursement & repayment records.
  • Manage the completion of the quarterly / annual financial reports in close coordination with the Financial Control Department.
  • Provide any needed support during internal & external audits.
  • Supervise the preparation of financial statements and reporting relevant to Awqaf operations and investments.
  • Prepare and ensure that Awaqf financial requests are sent to clients on a timely basis.
  • Oversee in-depth analysis of variances between planned & actual disbursements & receipts along with commentary & recommendations in respect of these variances.
  • Liase with external auditors for preparation of annual audited accounts in coordination with the Financial Control Department.
  • Provide advice and expertise to seniors in the department as required.
  • Active participation in Awaqf projects financial analysis and modeling.
  • Close follow-up and advice on all matters related to the APIF liquidity investment activities in close coordination with the Treasury Department.
  • Act as a source of reference on financial matters.
  • Respond to information requests by managers / directors.
  • Verify and approve information / documentation in line with the approval process to maintain Bank control procedures.
  • Supervise preparation and present financial reports to ensure appropriate and timely action is taken based on reliable financial information i.e. disbursement & repayments to the Financial Control Department to ensure that all disbursements are in-line with the agreed plans and payments schedule.
  • Compile, prepare & disseminate periodic performance reports to keep the concerned seniors abreast of the latest progress and development.

Experience:
  • 5-8 years experience within a similar role in reputable international / multinational organizations.
  • Knowledge of financial reporting concept
  • Fluency in Arabic and English. Knowledge in French would be an advantage.
Qualifications:
University degree in Accounting or Finance
Certified qualification is required (ACCA, CA, CPA, CFA)

Other Information:
Note: you will be required to attach the following:
1. Resume / CV
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Senior Financial Officer - Islamic Development Bank Group, Saudi Arabia, Deadline: Apr-01-2011 ( Expired ) Senior Financial Officer - Islamic Development Bank Group, Saudi Arabia, Deadline: Apr-01-2011 ( Expired ) Reviewed by KHMER-INSIDER on Monday, March 07, 2011 Rating: 5