JOB PURPOSE:
To prepare and carry out the day-to-day financial accounting activities including the preparation of daily reconciliations, periodic trial balances and financial statements, among others, accurately and on a timely basis. The incumbent must also produce timely, accurate, and reliable financial information within all Finance & Accounting activities conducted within the department.
KEY ROLE & RESPONSIBILITIES:
- Preparation of standalone and consolidated financial statements for parent and subsidiaries along with key financial ratios and analysis.
- Daily computation of product yield, cost of deposits and funds and net interest margin at product and segment level.
- Preparation and Reconciliation of data extracted from various IT applications with Oracle Reporting System. This includes cross validation of numbers from system reports with Oracle GL System.
- Daily and monthly track of all Investments, Bank placements, Loans and advances, Deposits and Derivatives transactions including - Movement (Buy/ Sell/ Maturities and valuations) etc.
- Advising on the existing and new accounting policies/ New Accounting Standards/ IFRSs.
- Preparation of Budget Variance Analysis with actual performance at each business and segment level. This includes collaborating with various stakeholders for any budget reallocations within departments.
- Propose the period end closing entries on a timely basis and in accordance with the IFRS / IAS format, as per the agreed plan to ensure efficiency and timeliness.
- Ensure that provisions, accruals, prepayments, and other entries for periodic and annual closing of financial accounts for EDB are complete, accurate and adequately supported.
- Coordination with Risk & Collection team to finalize NPL and ECL working and disclosure as per requirements of IFRS9.
- Preparation of other financial and non-financial Disclosures required in preparation of interim and annual financial statements of the Bank.
- Providing guidance on financial reporting requirements during new product implementation including financial accounting, Policies and Procedures, pre & post system UAT and implementation etc.
- Ensure accuracy of reconciliations of all core products on a daily/ weekly/ monthly basis and report exceptions for correction and follow up to demonstrate efficiency in reporting.
- Prepare all necessary worksheets and financial analysis required by Auditors and other stakeholders.
