Financial Reporting Officer

SUMMARY OF POSITION

The Financial Reporting Officer is responsible for ensuring the accuracy, completeness, and compliance of financial reporting for, general ledger management, regulatory reporting, and accounting for a subsidiary. This role is crucial in maintaining the integrity of the bank’s financial records, ensuring regulatory compliance, and providing insightful financial analysis to support decision-making and strategic planning.

KEY JOB RESPONSIBILITIES

1. Regulatory Reporting:

  • Prepare and file regulatory reports in compliance with financial regulations and standards.
  • Monitor changes in regulatory requirements and adapt reporting practices accordingly.
  • Interact with regulatory bodies and auditors to provide necessary documentation and responses.

 

2. Financial Analysis and Reporting:

  • Analyze financial statements, trends, and performance metrics to assess the bank’s financial position.
  • Prepare detailed financial reports, including variance analysis, to provide insights into financial performance.
  • Assist in the preparation of monthly, quarterly, and annual financial reports for internal and external stakeholders.

 

3. General ledger Management:

  • Oversee the general ledger’s accuracy, including account reconciliations and discrepancy resolutions.
  • Ensure timely posting of financial transactions and prepare journal entries.
  • Review and adjust ledger entries as necessary.

 

4. Accounting for Subsidiary:

  • Manage the accounting functions for the subsidiary, including financial reporting, budgeting, and forecasting.
  • Ensure accurate consolidation of subsidiary financials with the parent company’s reports.
  • Analyze subsidiary performance and provide financial insights to management.

 

5. Compliance & Regulation:

  • Ensure compliance with financial regulations, accounting standards, and internal policies.
  • Support audits by providing required financial information and documentation.

 

6. Collaboration and Support:

  • Collaborate with various departments, including Audit, Risk Management, and Treasury, to support financial operations.
  • Provide support for financial audits and regulatory examinations.

 

7. Other responsibilities

  • File reports and supporting documents in a timely and accurate manner for easy retrieval. 
  • Support month-end and year-end close process.
  • Ensure compliance with GAAP principles.
  • Supervises, trains, provides work direction, and problem-solving assistance for direct reporting team members. Also oversees the daily operations of other team members when necessary.
  • Ensure Bank and Customer information is always kept secure and confidential.
  • Adhere to the Bank’s and Branch’s security procedures. 
  • Developing rapport and good working relationship with other departments.
  • Report any unusual transaction or fraudulent activity to your Compliance Officer/ Supervisor as per established policies and procedures.

KNOWLEDGE AND SKILLS REQUIREMENTS

  • Associate’s degree or equivalent in Banking & Finance/ Accounting or related field professional qualification.
  • Relevant certifications (e.g., ACCA Level 1, FIA) are a plus.
  • Minimum three (3) years’ related work experience in an accounting role

 

Knowledge/Skills and Abilities

  • Strong analytical skills with proficiency in financial modeling and forecasting.
  • Proficiency in financial software and Microsoft Office Suite (particularly Excel).
  • Attention to detail and accuracy in handling financial data.
  • Ability to manage multiple tasks and meet deadlines in a fast-paced environment.
  • Understanding of accounting principles and financial regulations.
  • Familiarity with fixed assets management and financial reporting.
  • Knowledge of regulatory reporting requirements specific to the banking industry.
  • Knowledge of product features, benefits, pricing policies and procedures of all retail banking products.

REMUNERATION

Only suitable applicants will be acknowledged

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