Find Jobs in Dubai UAE Saudi Arabia Oman Qatar Bahrain Kuwait
Employers! - Advertise your Jobs postings Free

jobs in UAE Dubai Abu Dhabi Sharjah Ajman
Jobs in UAE
Jobs in Saudi Arabia
Jobs in Saudi
jobs in kuwait
Jobs in Kuwait
jobs in oman
Jobs in Oman
jobs in Qatar
Jobs in Qatar
jobs in bahrain
Jobs in Bahrain
Attention Employers! Register a new company and get 20 Job Posting Credits Free.. Subscription and Premium Posting Plans are on Promotion. Checck while logged in
Chief Financial Officer (CFO) , Banking Job
Posted date [05-Feb-2018]  (ID: 12210)


Qualification : MUST BE CA (Chartered Accountant )

Industrial Experience " must be from Banking

National : Preferable Indian National


Salary : 6000 USD + Accommodation + Food

Contract : 2 yrs Renewable


Job Description


1. To manage, plan, budget, forecast, organize, control and guide
all activities of the Finance & Accounting Department of the bank at
Head Office as well at Branches of the Bank. Shall direct activities
of Finance & Accounting Department; provide leadership, training and
supervision within the department; and ensures compliance with Bank�s
policies and procedures and also ensures compliance to the standard
Accounting Principles so that true and correct position of the Bank is
reflected.

2. Shall be responsible for all of the Bank's fiscal operating
results using standard Accounting Principles. Responsible for Cost
Accounting, preparation of Budgets, Reporting to Central Bank and
other Regulatory Authorities and ensuring to safeguard the Assets of
the Bank

3. To assist the CEO of the Bank in the administration of
Financial/Accountingside of the Bank on day to day basis and
reflecting the position of the Bank in this regard on Monthly,
Quarterly, Six Monthly and Annual Basis.

4. To discharge responsibilities as member of Board of Management
of the Bank and providing accurate figures and MIS as and when called
upon to do so. This position shall be subject to approval of DAB.

5. To proactively attend and solve day to day
Accounting/Balancing problems faced by the Bank

6. Shall Counsel senior management on fiscal control and
profitability; prepare, present and interpret financial reports to
senior management; adhere to tax laws and regulatory compliance for
properly reflecting the financial position of the Bank.

7. The position of Chief Financial Officer shall assist in
attaining established Bank�s financial goals. Perform supervisory
duties of departmental staff; coordinate with other Departments of the
Bank for ensuring achievement of Financial Goals of the Bank. Provide
necessary training and writing Manuals, Check Lists and Guidelines and
establishing procedures for the staff to follow..



8. Arrange Training for staff and acknowledge them about whole
jobs function as CFO.



General Responsibilities:



1. Control of Bank Finance Department;

The incumbent shall be required to exercise utmost control over the
Finance & Accounting Department, the financial planning and daily
reporting of the Finance & Accounting Related Entries. The controls to
be implemented directly or through DCFO as per the discretion of the
Job Holder. He shall ensure that a team of professionals is built up
for smooth functioning of the Department. The performances of the
staff is to be constantly monitored through reporting system in place
and changes in the staff to be considered and implemented as and when
it becomes necessary.

2. Control on Liquidity, Broad Liquidity Ratio & Quick Liquidity
Ratios and Reserve Requirements:

The Job Holder shall exercise control over the Liquidity of the Bank
and shall ensure that Liquidity Risks faced by the institution is
properly mitigated and Asset and Liability remain properly matched
both in short as well as on long term basis through gap analysis. He
has to ensure with collaboration of Treasury department and COO that
the Liquidity requirement of the Bank at Central bank is maintained
and DAB�s requirement are met at any given time. The reporting
requirement to Central Bank and other regulatory authorities in this
regard is to be observed all the time. He further ensures that daily
Liquidity Ratio analysis; Broad Liquidity Ratio & Quick Liquidity
Ratios of the Bank are calculated and done regularly and reported to
the Central Bank as per their requirements. He also ensures
Maintenance of Cash Liquidity reserve and other mandatory reserve
requirements at Central Bank

3. Asset & Liability Committee (ALCO):

He establishes system and parameters for ALCO and ensures that
meetings of ALCO Committee are held on regular intervals to discuss
the Liquidity of the Bank

4. Regulatory Capital Requirement:

He ensures that Regulatory Capital required to be maintained by a Bank
as per rules/regulations of DAB is always maintained and no short fall
occurs in it. He conducts regular checks on it by keeping an eye on
the expenses and informs the shareholders/supervisory Board about it
well in advance.

5. Reconciliation of Inter Branch Transactions:

He ensures that inter branch transactions are reconciled regularly and
promptly and any outstanding entry is followed up so that it could be
reconciled as soon as possible or same to be reported to the
management of the Bank for perusal and necessary action.

6. Reconciliation of Central Bank, Western Union &Nostro Accounts:

He ensures that Bank Accounts with the Central Bank are controlled,
reconciled and balanced on daily basis and any outstanding entry is
reported to management and is followed up until it is reconciled or
adjusted. Same procedures are to be adopted for all Banks� Nostro
Accounts and entries related to Western union as well.

7. Suspense Entries and its follow up:

He ensures that these entries are properly recorded and that all the
entries outstanding under Suspense Account are followed up regularly
and efforts are made for reversal of such entries as soon as possible.

8. Deduction & Payment of Tax:

He ensures tax management of income tax of the employees and the
Institution as well the withholding tax required to be deducted as per
Government decisions taken from time to time such as the deduction of
tax on Profit payable to Bank clients on their deposit etc. He ensures
that proper record of tax payments made to Government agencies from
time to time is held properly and avoid situations where penalties
could be imposed on Bank due to any slackness on part of the Bank.

9. FX Revaluation:

He ensures that the Books are revalued as per the latest exchange
rates for all the Accounts maintained in Foreign Currencies on regular
intervals thus reflecting a correct position in the Balance Sheet of
the Bank.

10. Forex Open Position:

He ensures that Foreign Exchange position of the Bank is always
squared up and if due to some reasons it is left open then it must be
so within the approved parameters of the Bank and the Central Bank and
limits set for this purpose are not be violated.

11. Handling of External Audit:

He ensures that an approved Chartered Accountancy Firm is engaged as
an External Auditors of the Bank as per the central bank requirement.
He further ensures that the mandatory annual external audit is
arranged well within the time frame upon completion of each financial
year and that the Bank Audited Balance Sheet and profit & Loss Account
is submitted to DAB after getting it approved by the Bank�s External
Auditors and General meeting of the Share Holders and Board of
Supervisors/Board of Management

12. Depreciation & Amortization of Assets:

He ensures that all the fixed assets, tangible assets or non-tangible
assets of the Bank are properly listed and booked and that periodical
depreciation is applied to it as per the rules and regulations of the
Central Bank.

13. Preparation of Annual Budgets/Forecasting:

He ensures that annual budgets of the bank and forecasting are
prepared and approved for each financial year and are followed &
implemented where possible. He also ensures that costs and expenses
are controlled to a large extent.

14. Passing of Expense Vouchers:

He ensures that all expenses are approved through a proper procedure
and formalities like obtaining of quotations, pre-approved auditing,
market verification and submission on an agreed format becomes an
integral part of this exercise.

15. Trial Balance of the Bank:

He ensures that Trial Balance Sheet of the Bank is updated on daily
basis accurately and mistakes if any are adjusted promptly in
accordance with the standard accounting principles

16. Profitability Analysis and Reporting:

He ensures that Bank Profitability is analyzed from time to time with
a view to find means to maximize it through introduction of cost
effective measures.

17. Control on passing of vouchers/ entries:

He ensures that a proper system, limits and procedures are in place
and is being followed for passing entries/vouchers whether system
raised or otherwise and that record of vouchers is maintained where
required.

18. Job Descriptions & staff Appraisals:

He ensures that proper Job description is written and given to each
employee working under Finance and Accounting department with the help
of Manager HRD and these are updated from time to time. He also
ensures that periodical appraisals/evaluations are done for every
employee working under him and submitted to HR.

19. Staffing Requirements;

To keep monitoring the requirement of staff in the department and
remaining constantly in touch with HR for hiring of additional staff
well in advance and also catering to the training requirements of the
staff. Also ensures that proper back ups are available of all the key
staff.

20. Compliancewith AuditRequirements;

To ensure that the business of the Department is conducted in
compliance with the rules and regulations of DAB and ensures that the
Audit recommendations by the Internal Audit or DAB or the External
Audit are followed in letter and spirit.

21. Reporting/Returns/Statements:

He ensures that all the required reporting both external and internal
especially to DAB is done timely and accurately as per the desired
formats. He keeps the list of all Required Reporting to be made on
daily, weekly, monthly, Quarterly, Half Yearly and Yearly Basis and
ensures that these lists are updated as per change in requirements and
further ensures that these are prepared and submitted in time.

22. Issuance of Circulars:

Ensures that circulars are issued on all important matters to staff
from time to time to keep them fully informed. Also issuing &
circulating procedural methods to keep on refreshing the memories of
staff on important functions of the bank.

23. Miscellaneous:

To attend to any other matter that may not have been mentioned in this
document but is otherwise required to be attended by the job holder.
Besides, the Job Holder is to attend to any Bank related assignment
given by CEO, Board of Supervisors or General Meeting of Share Holders
If This Suits you Please share your updated profile along with your
Educational and Experience certificates.

Any queries please feel free to call us 7550020558 / 9176666693
Post Details
Job Title Chief Financial Officer (CFO) , Banking
Description Qualification : MUST BE CA (Chartered Accountant )

Industrial Experience " must be from Banking

National : Preferable Indian National


Salary : 6000 USD + Accommodation + Food

Contract : 2 yrs Renewable


Job Description


1. To manage, plan, budget, forecast, organize, control and guide
all activities of the Finance & Accounting Department of the bank at
Head Office as well at Branches of the Bank. Shall direct activities
of Finance & Accounting Department; provide leadership, training and
supervision within the department; and ensures compliance with Bank�s
policies and procedures and also ensures compliance to the standard
Accounting Principles so that true and correct position of the Bank is
reflected.

2. Shall be responsible for all of the Bank's fiscal operating
results using standard Accounting Principles. Responsible for Cost
Accounting, preparation of Budgets, Reporting to Central Bank and
other Regulatory Authorities and ensuring to safeguard the Assets of
the Bank

3. To assist the CEO of the Bank in the administration of
Financial/Accountingside of the Bank on day to day basis and
reflecting the position of the Bank in this regard on Monthly,
Quarterly, Six Monthly and Annual Basis.

4. To discharge responsibilities as member of Board of Management
of the Bank and providing accurate figures and MIS as and when called
upon to do so. This position shall be subject to approval of DAB.

5. To proactively attend and solve day to day
Accounting/Balancing problems faced by the Bank

6. Shall Counsel senior management on fiscal control and
profitability; prepare, present and interpret financial reports to
senior management; adhere to tax laws and regulatory compliance for
properly reflecting the financial position of the Bank.

7. The position of Chief Financial Officer shall assist in
attaining established Bank�s financial goals. Perform supervisory
duties of departmental staff; coordinate with other Departments of the
Bank for ensuring achievement of Financial Goals of the Bank. Provide
necessary training and writing Manuals, Check Lists and Guidelines and
establishing procedures for the staff to follow..



8. Arrange Training for staff and acknowledge them about whole
jobs function as CFO.



General Responsibilities:



1. Control of Bank Finance Department;

The incumbent shall be required to exercise utmost control over the
Finance & Accounting Department, the financial planning and daily
reporting of the Finance & Accounting Related Entries. The controls to
be implemented directly or through DCFO as per the discretion of the
Job Holder. He shall ensure that a team of professionals is built up
for smooth functioning of the Department. The performances of the
staff is to be constantly monitored through reporting system in place
and changes in the staff to be considered and implemented as and when
it becomes necessary.

2. Control on Liquidity, Broad Liquidity Ratio & Quick Liquidity
Ratios and Reserve Requirements:

The Job Holder shall exercise control over the Liquidity of the Bank
and shall ensure that Liquidity Risks faced by the institution is
properly mitigated and Asset and Liability remain properly matched
both in short as well as on long term basis through gap analysis. He
has to ensure with collaboration of Treasury department and COO that
the Liquidity requirement of the Bank at Central bank is maintained
and DAB�s requirement are met at any given time. The reporting
requirement to Central Bank and other regulatory authorities in this
regard is to be observed all the time. He further ensures that daily
Liquidity Ratio analysis; Broad Liquidity Ratio & Quick Liquidity
Ratios of the Bank are calculated and done regularly and reported to
the Central Bank as per their requirements. He also ensures
Maintenance of Cash Liquidity reserve and other mandatory reserve
requirements at Central Bank

3. Asset & Liability Committee (ALCO):

He establishes system and parameters for ALCO and ensures that
meetings of ALCO Committee are held on regular intervals to discuss
the Liquidity of the Bank

4. Regulatory Capital Requirement:

He ensures that Regulatory Capital required to be maintained by a Bank
as per rules/regulations of DAB is always maintained and no short fall
occurs in it. He conducts regular checks on it by keeping an eye on
the expenses and informs the shareholders/supervisory Board about it
well in advance.

5. Reconciliation of Inter Branch Transactions:

He ensures that inter branch transactions are reconciled regularly and
promptly and any outstanding entry is followed up so that it could be
reconciled as soon as possible or same to be reported to the
management of the Bank for perusal and necessary action.

6. Reconciliation of Central Bank, Western Union &Nostro Accounts:

He ensures that Bank Accounts with the Central Bank are controlled,
reconciled and balanced on daily basis and any outstanding entry is
reported to management and is followed up until it is reconciled or
adjusted. Same procedures are to be adopted for all Banks� Nostro
Accounts and entries related to Western union as well.

7. Suspense Entries and its follow up:

He ensures that these entries are properly recorded and that all the
entries outstanding under Suspense Account are followed up regularly
and efforts are made for reversal of such entries as soon as possible.

8. Deduction & Payment of Tax:

He ensures tax management of income tax of the employees and the
Institution as well the withholding tax required to be deducted as per
Government decisions taken from time to time such as the deduction of
tax on Profit payable to Bank clients on their deposit etc. He ensures
that proper record of tax payments made to Government agencies from
time to time is held properly and avoid situations where penalties
could be imposed on Bank due to any slackness on part of the Bank.

9. FX Revaluation:

He ensures that the Books are revalued as per the latest exchange
rates for all the Accounts maintained in Foreign Currencies on regular
intervals thus reflecting a correct position in the Balance Sheet of
the Bank.

10. Forex Open Position:

He ensures that Foreign Exchange position of the Bank is always
squared up and if due to some reasons it is left open then it must be
so within the approved parameters of the Bank and the Central Bank and
limits set for this purpose are not be violated.

11. Handling of External Audit:

He ensures that an approved Chartered Accountancy Firm is engaged as
an External Auditors of the Bank as per the central bank requirement.
He further ensures that the mandatory annual external audit is
arranged well within the time frame upon completion of each financial
year and that the Bank Audited Balance Sheet and profit & Loss Account
is submitted to DAB after getting it approved by the Bank�s External
Auditors and General meeting of the Share Holders and Board of
Supervisors/Board of Management

12. Depreciation & Amortization of Assets:

He ensures that all the fixed assets, tangible assets or non-tangible
assets of the Bank are properly listed and booked and that periodical
depreciation is applied to it as per the rules and regulations of the
Central Bank.

13. Preparation of Annual Budgets/Forecasting:

He ensures that annual budgets of the bank and forecasting are
prepared and approved for each financial year and are followed &
implemented where possible. He also ensures that costs and expenses
are controlled to a large extent.

14. Passing of Expense Vouchers:

He ensures that all expenses are approved through a proper procedure
and formalities like obtaining of quotations, pre-approved auditing,
market verification and submission on an agreed format becomes an
integral part of this exercise.

15. Trial Balance of the Bank:

He ensures that Trial Balance Sheet of the Bank is updated on daily
basis accurately and mistakes if any are adjusted promptly in
accordance with the standard accounting principles

16. Profitability Analysis and Reporting:

He ensures that Bank Profitability is analyzed from time to time with
a view to find means to maximize it through introduction of cost
effective measures.

17. Control on passing of vouchers/ entries:

He ensures that a proper system, limits and procedures are in place
and is being followed for passing entries/vouchers whether system
raised or otherwise and that record of vouchers is maintained where
required.

18. Job Descriptions & staff Appraisals:

He ensures that proper Job description is written and given to each
employee working under Finance and Accounting department with the help
of Manager HRD and these are updated from time to time. He also
ensures that periodical appraisals/evaluations are done for every
employee working under him and submitted to HR.

19. Staffing Requirements;

To keep monitoring the requirement of staff in the department and
remaining constantly in touch with HR for hiring of additional staff
well in advance and also catering to the training requirements of the
staff. Also ensures that proper back ups are available of all the key
staff.

20. Compliancewith AuditRequirements;

To ensure that the business of the Department is conducted in
compliance with the rules and regulations of DAB and ensures that the
Audit recommendations by the Internal Audit or DAB or the External
Audit are followed in letter and spirit.

21. Reporting/Returns/Statements:

He ensures that all the required reporting both external and internal
especially to DAB is done timely and accurately as per the desired
formats. He keeps the list of all Required Reporting to be made on
daily, weekly, monthly, Quarterly, Half Yearly and Yearly Basis and
ensures that these lists are updated as per change in requirements and
further ensures that these are prepared and submitted in time.

22. Issuance of Circulars:

Ensures that circulars are issued on all important matters to staff
from time to time to keep them fully informed. Also issuing &
circulating procedural methods to keep on refreshing the memories of
staff on important functions of the bank.

23. Miscellaneous:

To attend to any other matter that may not have been mentioned in this
document but is otherwise required to be attended by the job holder.
Besides, the Job Holder is to attend to any Bank related assignment
given by CEO, Board of Supervisors or General Meeting of Share Holders
If This Suits you Please share your updated profile along with your
Educational and Experience certificates.

Any queries please feel free to call us 7550020558 / 9176666693
Job Start Date Immediate
Salary Offered 7000 USD
Number of Vacancies 1
Location Job Location -> Other Arab Countries
Location City KAbul
    
Desired Candidate's Profile
Gender Male
Nationality Nationality -> Any Asian Nationality
Candidate Current Location Job Location -> Other Arab Countries
Work Experience 11+ Years
Candidate Profile Description We are hiring for a CFO / Chief Financial Officer position. We are looking candidate who is working as Head of Finance in Any Bank ready and authorized to Travel Afghanistan Either from Asian or from Any Arabic country . Salary can be offered 7000 Max + Other benefits
Job Classification
Job Type Job Type -> Full-time
Industry Type Job Industry -> Banking
Job Function Job Functions -> CFO
Employers Details
Company ITM Consultancy Services
Contact Person Happy
Designation CEO
Telephone 00919176666693
Email jobsatitm(at)gmail.com


careersingulf google play store