Senior Officer Finance (New York, USA)

Mashreq Bank•New York, NY

7d•Onsite

About The Position

The Senior Finance Officer will assist in ensuring that the Branch’s accounting system and related MIS runs in an efficient and timely manner such that it conforms to the requirements of the Central Bank and Bank’s Policies, while assisting in the financial planning for the branch ensuring that assumptions are in order. This role involves monitoring the recording of transactions in the New York Branch for conformity with International Accounting Standards and the Bank’s Accounting Policies and Procedures Manual (APPR), read in conjunction with the Operating Policies Manual (OPM) and with the financial powers delegated as per the Authority Delegation Manual (ADM). The officer will also monitor adherence to respective local regulatory requirements including those related to Accounting, Reporting, and other MIS, keeping abreast of changes in regulatory requirements. Key responsibilities include management of tax payments and tax audit assessments, coordinating with external auditors, providing required audit reports and documentations, and preparing Alco reports. The role ensures due control over the integrity of branch accounts, preparation and transmission of required MIS and reports for Head Office, UAE Central Bank, and local regulatory agencies, fixed assets control, reconciliation of Nostro Accounts with prompt follow-up of outstanding entries, and checking of posting journals. Additionally, the Senior Finance Officer will manage and handle the completion of special projects such as Customer/Product Profitability/Transfer pricing, monitor expense processing to ensure approvals and adherence to budgets, and oversee MIS/reporting functions of the Treasury Back Office. The role also involves consolidating the annual Financial Plan for the Branch and performing periodic assessments of business function performance against the financial plan, providing analysis of variances to the Manager Finance.

Requirements

Minimum of 7 years’ experience in finance.
At least 5 years in financial analysis and planning (FP&A).
CPA or equivalent professional qualification (ACCA, CMA, etc.) is required or highly desirable.
Strong expertise in budgeting, forecasting, financial modeling, and variance analysis.
Thorough understanding of International Accounting Standards (IAS/IFRS).
Knowledge of banking products, financial instruments, and operational procedures.
Ability to understand, implement, and manage accounting or ERP systems effectively.
Excellent analytical and problem-solving skills with strong attention to detail.
Strong interpersonal and communication skills, both written and verbal.
Good organizational and time management skills, with the ability to handle multiple priorities.

Nice To Haves

Banking or financial services experience preferred.
Knowledge of industry practices.

Responsibilities

Assist in ensuring the Branch’s accounting system and related MIS run efficiently and timely, conforming to Central Bank and Bank’s Policies.
Assist in financial planning for the branch, ensuring assumptions are in order.
Monitor recording of transactions in New York Branch for conformity with International Accounting Standards and Bank’s Accounting Policies and Procedures Manual (APPR), Operating Policies Manual (OPM), and Authority Delegation Manual (ADM).
Monitor adherence to local regulatory requirements for Accounting, Reporting, and MIS.
Stay updated on changes in regulatory requirements.
Manage tax payments and tax audit assessments.
Coordinate with external auditors, providing required reports and documentations.
Provide Alco reports.
Ensure due control over the integrity of branch accounts.
Prepare and transmit required MIS and reports for HO, UAE Central Bank, and local regulatory agencies accurately and on time.
Oversee Fixed Assets Control.
Reconcile Nostro Accounts and promptly follow up on outstanding entries.
Check posting journals.
Manage/Handle completion of special projects such as Customer/Product Profitability/Transfer pricing.
Monitor expense processing, ensuring approvals, adherence to limits/budgets, and proper documentation.
Monitor MIS/reporting functions of Treasury Back Office, including cash flow, funds position, FX position, revaluation, and Central Bank reporting.
Consolidate the annual Financial Plan for the Branch.
Periodically assess the performance of all business functions against the financial plan and update Manager Finance with results, providing analysis of variances.