Senior Manager-Financial Reporting.CAD-Financial Reporting

Responsible for preparing the banks standalone and consolidated financial statements, including those of its subsidiaries, in accordance with International Financial Reporting Standards (IFRS) and regulatory requirements. The role involves hands-on tasks such as preparing disclosures, resolving audit queries, and collaborating with internal units to gather and validate data for financial reporting.

• Accurate and timely preparation of standalone and consolidated financial statements.
• Compliance with IFRS, regulatory requirements, and internal policies.
• Successful and efficient external audit processes.
• High-quality financial disclosures and supporting schedules.

Education:

• Professional certification such as Chartered Accountant (CA), Certified Public Accountant (CPA), or ACCA is required.

Experience:

• 7 to 8 years of hands-on experience in financial reporting or auditing, preferably within the banking or financial services sector.
• Proven ability to prepare financial statements under IFRS independently.
• Experience working with external auditors and managing audit deliverables.

Technical Expertise:

• Strong knowledge of IFRS and its application in financial reporting.
• Familiarity with banking-specific accounting issues such as financial instruments (IFRS 9), lease accounting (IFRS 16), and consolidations (IFRS 10).
• Proficiency in financial reporting tools and core banking systems

1. Preparation of Financial Statements:

• Prepare standalone and consolidated financial statements for the bank and its subsidiaries, ensuring compliance with IFRS and local regulations.
• Review trial balances, perform adjustments, and prepare reconciliations to ensure the accuracy of financial reports.
• Draft and finalize the financial statements, including the accompanying notes and disclosures.

2. Coordination with External Auditors:

• Serve as the point of contact for external auditors during interim and annual audits for any financial statements related aspect
• Provide audit schedules, supporting documents, and explanations for financial statement line items.
• Address audit findings and implement necessary adjustments promptly.

3. Data Gathering and Disclosures:

• Collect and validate data from various departments (e.g., Treasury, Risk, Operations, and Legal) for inclusion in the financial statements.
• Prepare detailed notes and disclosures in compliance with IFRS, ensuring accuracy and completeness.
• Analyze and incorporate feedback from internal stakeholders and auditors into the financial reports.

4. Compliance and Regulatory Reporting:

• Ensure that all financial reports are prepared in compliance with regulatory requirements and internal policies.
• Assist in preparing submissions to regulatory authorities, including any mandatory filings or disclosures.

5. Process Enhancement:

• Identify inefficiencies in financial reporting processes and recommend improvements.
• Contribute to the implementation of automation tools and standardized templates to streamline reporting.

6. Cross-Department Collaboration:

• Work closely with internal departments to ensure data consistency and accuracy.
• Liaise with the Treasury and Risk teams for valuations, provisioning, and other critical inputs to the financial statements.
• Coordinate with IT or systems teams for enhancements to reporting tools and systems.