Job Description: Accounts Closing & Reporting

- Review, approve and post daily transactions through the accounting system (GP Dynamics) or Oracle ERP.

- Review and approve monthly bank reconciliations.

- Prepare monthly standalone financial reports that include:

· Statement of financial position.

· Income statement and statement of other comprehensive income.

· Cash flow statement.

· Statement of equity.

· Notes and other related KPI.

- Upload these monthly reports on CMA platform, after it’s presented to and approved by the executives.

- Prepare quarterly and annually consolidated financial report include:

· Investment in associate’s movements.

· Updates on groups’ investments position that are classified in financial statements as investments at fair value through other comprehensive income (OCI) and investments at fair value through profit or loss (FVPL).

This update covers any movement (addition and disposal) and NAV changes (if any).

External & Internal Audit

- Provide external auditors with all quarters review and annual audits requirements and reply to all inquiries.

- Update the skeleton and arrange the process of issuing the draft of the reviewed and audited financial statements.

- Present the final draft of the reviewed and audited financial statements to the BOD

- Risk & Audit Committee, to get their approval for issuance of the signed financial statements.

- Provide CMA with quarterly reviewed and annual audited financial statements and reply to their questions after they complete their review process.

- Provide MOCI with annual audited financial statements and reply to their questions after they complete their review process and arranging for the general assembly meeting.

- Provide internal auditor with all periodic inspection requirements and follow up with related recommendations. Budget & Forecast

- Prepare strategic budget for the group, after collecting all proposed pipeline and other information from executives and other respective department.

- Entirely revise these 5 years’ budget on annual basis.

- On quarterly and annual basis, present to BOD a comparison between actual and budgeted results and provide analysis for both favorable and unfavorable variances.

- Provide executive management with forecasted results before closing of reporting period.

HR & Administration

- Prepare monthly leave and indemnity calculation and update the data base with provision amounts.

- Calculate and account for PIFSS contributions paid by the company, and the portion deducted from Kuwaiti staff.

- Prepare monthly salary report after getting all needed information (employees’ leave days, benefits addition, and deductions.

- Upload salaries on bank’s salaries portal after getting monthly salary report approved by the executives.

- Review and comments on all contracts signed will all services providers. Operations

- Review the syndication sheet for each respective investment and assure the accuracy of yields amounts computation.

- Supervise on the process of monthly dividend distributions to all investors on real estate investment portfolios, and monitor SPVs cash position.

Skills Personal Qualification

· Arab nationals are preferred.

· Graduation in Accounts/Finance.

· Candidates only from Financial services /Investment companies.

· CPA are preferred.

· Should able to read & write Arabic.

· Financial due diligence knowledge will get priority