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Assistant Manager – Rakbank
Job Description
RAKBANK is looking to hire a finance professional to lead the General Ledger (GL) implementation and post implementation activities
Accountabilities
- Leading the GL project implementation, designing the structure/architecture and ensuring the smooth functioning of GL control
- Developing, maintaining and reviewing Chart of accounts (COA)
- Supervising and ensuring the efficient working of all financial transactions in the organization
- Developing journal entries and monitoring the account reconciliation
- Evaluating and taking necessary steps to enhance/optimize the current accounting policies and processes
- Elucidating as well as delivering user stories and acceptance criteria to the project team and developers, for the required changes in accounting and finance
- Reviewing of testing results for the process/system related changes in the bank
- Making accounting entries sign off in UAT for the changes in the respective systems
- Verifying end to end accounting entries through all the channels
- Acting as a subject matter expert and communicating with relevant stakeholders on the change initiatives which has GL impact
- Representing the finance team in discussions to identify interdependencies, and providing functional inputs to changes/ new requirements related to accounting and finance
- Overseeing the reconciliation of GL accounts through various systems
- Ensuring the timely delivery of project within the agreed timelines
- Automating finance and accounting activities/reports
Skills
- 5 – 10 years of experience in Banking & Finance
- Understanding of banking products, General Ledger maintenance and reconciliation
- Prior experience in General Ledger implementation
- Knowledge in core banking system is an added advantage
- Ability to understand and implement accounting standards
- Ability to manage relationship with vendors/internal stakeholders
- Awareness of AML, customer confidentiality, safety & security standards
- Awareness of banking regulatory framework, banking policies, fair practices
Job Details
Preferred Candidate
About Us
RAKBANK, the trading name of the National Bank of Ras Al-Khaimah, is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. The Head Office of the bank is situated in RAKBANK Building, Emirates Rd, Ras Al-Khaimah. The bank is 52.75% owned by the Government of Ras Al-Khaimah. Shares are publicly traded. Board consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait. The bank is engaged in providing retail and corporate banking services through a network of thirty three branches in the United Arab Emirates, but all the transactions are handled on a strictly commercial basis. Board of Directors H.E. Shaikh Omar bin Saqr Al-Qasimi Chairman U.A.E H.E. Shaikh Salim bin Sultan Al-Qasimi Member U.A.E Mr. Hamad Abdulaziz Al Sagar Member Kuwait Mr. Abdul Aziz Abdulla Al Zaabi Member U.A.E Mr. Yousuf Obaid Essa Al Nuaimi Member U.A.E Mr. Ahmed Essa Al Naeem Member U.A.E Mr. Salem Ali Abdulla Saeed Al Sharhan Al Nuaimi Member U.A.E