Head of Finance in ICB Islami Bank Limited

Job Description / Responsibility

• Under the direct supervision of the Chief Financial Officer to manage and oversee the company’s finance, accounting and MIS, including budgeting & planning, accounting policies and procedures; developing, implementing and modifying financial systems and internal controls; general accounting, financial and MIS reporting; engaging with external regulatory and audit agencies, contributing advice in financial matters to the Management, CEO and Board. The overarching responsibility is to ensure that the financial transactions, processes and procedures are in concurrence with the Bangladesh Bank, SEC and regulatory requirements, IFRS, IAS and their local adoptions (BFRS, BAS), the Bank’s charter, the Board of Directors and Shareholder’s directives.
• Strategic Financial Budgeting & Planning : Leading the process of annual budgeting and planning including developing right financial models for business plan and organizing key financial information required. Analyzing and reporting periodic budgetary status including variance/ratio analysis. Framing and implementing analytical management accounting including fund transfer pricing and allocation of costs by business units, branches, products and gradually upto large customers. Ensuring strong fiscal and administrative controls in line with approved budgets/plans.
• Accounting, Financial Management & Statutory Compliance : Developing and overseeing the bank’s accounting and financial management systems and ensuring that necessary procedures and controls are developed and implemented. Developing strategies for financial management, control and process improvements which will increase the efficiency and effectiveness of operations. Monitoring accounting in core banking system. Ensuring compliance to best practices in functions under supervision, specific compliance to taxation, central bank, legal and statutory requirements including international financial reporting standards (IFRS) and Bangladesh Financial Reporting Standards (BFRS) and periodically reconcile local financials prepared complying Bangladesh Bank BRPD and other guidelines and IFRS financials prepared for the group with adequate analysis of the deviations/differences.
• Financial Reporting and Analysis : Financial reporting to local regulators and ICB Group. Understanding the granularity of information in core banking system and contributing in developing necessary modifications, reports to facilitate efficient financial reporting. Undertaking detailed periodic analysis of the financial state of the bank and making recommendations to the CFO, CEO and Management Committee where required.
• Audit and Financial Assessments : Playing a lead role in coordinating the work of external, internal, central bank auditors, rating agencies, due diligence experts and financial assessors. Ensuring appropriate and timely implementation of all audit recommendations relating to the finance function of the bank.
• Tax : File company’s annual tax return. Undertake a project to analyze, collate, reconcile and organize company’s tax legacy, litigation, claims, counter claims to fully update the corporate tax status of the company within a reasonable time. Ensure other tax compliance of the bank.

Job Nature: Full-time

Educational Requirements
Qualified Chartered Accountants, Management Accountants with a combination of MBA in Finance, Accounting, and/or Business Administration is preferred. However qualified accountants without MBA or MBAs without qualified accounting background may also be considered provided a strong background supports

Experience Requirements
Minimum 5 year(s)
The applicants should have experience in the following area(s):
Finance, Accounts, Tax (VAT/ Customs Duty/ Income Tax)
The applicants should have experience in the following business area(s): Banks

Additional Job Requirements
Computer skills (MS Office)
Language proficiency for written and verbal communication.
Good Knowledge on local banking regulations.
Good interpersonal and communication skills.

Salary Range: Negotiable

Other Benefits: As per Bank`s policy

Job Location: Dhaka

Send your CV to hr.mamun@icbislamic-bd.com

Special Instruction: Please mention your current and expected salary with the application. Canvassing in any form will be treated as disqualification.

Applicant must enclose his/her Photograph with CV.

Job Source: bdjobs online job posting

Application Deadline: September 15, 2012