Head of Finance
- Salary: Competitive
- Location: Riyadh, Saudi Arabia
- Job Type: Full time
- Company: Qatar National Bank (QNB)
- Updated on: 19 Sep 18
QNB Group, the biggest bank in Qatar, and a leading financial institution in the Middle East and Africa, is looking to hire a Head of Finance, to meet the requirements of the expansion of its office in QNB - Saudi Arabia//Riyadh.
QNB Group's presence through its subsidiaries and associate companies now extends to more than 30 countries across 3 continents, providing a comprehensive range of products and services. The total number of staff is more than 28,000 operating from over 1200 locations.
The Head of Finance will manage all aspects of finance of the local operations and provide support to the Head Office- Financial Control in all areas of Bank's business financials in assigned location. The Head of Finance is one of the primary points of contact with the regulatory authorities and the external and internal auditors and is key in ensuring good relationships with such bodies. The Head of Finance ensures good corporate governance is applied throughout the organization.
Monitor limits and exposures with a view to improving the Bank's profits, whilst at the same time ensuring compliance with the consolidated/ overall approved limits.
Ensure timely and accurate information as well as disclosure of all material matters concerning the operations.
Develop mechanisms designed to ensure compliance with all relevant local laws and regulations and also international laws and regulations.
Assist Country GM in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to the financial reporting related process and monitor the achievements of its individual departments/ units on periodic basis.
Provides leadership on creating Key Performance Indicators (KPIs) for the departments under the incumbent's supervision for performance monitoring purposes.
Establishes and enhance relationships with regulatory authorities to ensure that all regulatory reporting requirements are complied with.
Establishes and enhance relationships with tax authorities to ensure that all statutory requirements are complied with.
Liaises with external auditors on matters pertaining to presentation and disclosure of financial statements, emerging financial reporting trends, impacts of proposed accounting standards etc.
Responsible for Annual Budget for the allocated Country and monitoring of variances to actual vs budget, throughout the year
Responsible for monthly MIS reporting to Head Office
Ensures accurate and timely presentation of all Head Office and external reporting.
Reviews regularly balance sheet, profit & loss, and other reports.
Responsible for tax compliance, including direct, indirect, employment and withholding taxes
Maintains the Bank Fixed Asset register, add new assets and disposals, and update depreciation records.
Ensure timely processing of vouchers and maintenance of relevant records
Manages day-to-day business for relevant QNB entities , including audit, tax, accounting, yearly consolidation, (relationship with investors), suppliers and real estate advisors, reporting to the Group and relationship with external providers.
The successful candidate will possess a Bachelor/ Masters degree preferably in finance, accountancy or related subjects
Professional qualification such as CPA, ACA, MBA etc. is a plus.
The position requires a minimum of 8-10 years experience within a banking Finance role and a minimum of 3 years in a managerial capacity in the financial reporting function.
Note: you will be required to attach the following:
1. Resume / CV
2. Saudi Passport Copy
3. Saudi ID Copy