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CFO (Banking), Qatar
CFO (Banking)
Location:   Qatar  
Compensation:   Excellent tax free package  
Position Type:   Employee  
Employment type:   Full time  
Work permit req:   Will be provided  
Updated:   27 Jun 2008  
eFC Ref no:   365177  
 


Leading GCC Bank seeks Banking CFO for challenging and exciting career opportunity.

1) Purpose of Job

The Chief Financial Officer is responsible for ensuring that appropriate financial and international accounting standards and internal controls are in place in all banking activities.

He also acts as an advisor on matters relating to the finance, accounting and control functions of the Bank.

He ensures that there is adequate MIS reports to meet the information requirements within the Bank and maintains relationships with Qatar Central Bank and professional agencies to ensure that all reporting requirements are complied with. He ensures that all banking procedures and processes within the Bank are reviewed periodically to identify areas for improvement and are adequately documented. 2) Main Duties

• Develops Policy & Procedure Manual for his area of Operation.

• Supervises the operations of the Division.

• Responsible for all activities relating to the general ledger accounting function of the Bank.

• Reviews and approves nostro & inter-branch reconciliation prepared by support staff for unusual /long outstanding entries.

• Co-ordinates with external auditors and handles their requirements in order to finalize the audit of the financial statements of the Bank.

• Responsible for the coordination of all activities relating to the publication of the Bank’s annual report.

• Co-ordinates with all other functional groups and branches to facilitate the preparation and finalization of the Bank’s annual budget and annual report and monitors the Bank’s performance vis’-a-vis’ the budget.

• Reviews cost of funds and pricing of loans and deposits and submits analysis / recommendations to management on a regular basis.

• Monitors growth and profitability of Divisions / Departments and Branches and reports to the Executive Management.

• Supervises Department staff to ensure the timely submission of management reports to the Management, including performance of budget reviews.

• Co-ordinates with Department / Division Heads for preparation of returns required to be submitted to QCB and ensures that all their reporting requirements are met on a timely basis.

• Co-ordinates with rating agencies, as required, to obtain acceptable ratings for the Bank.

• Co-ordinates with IT Department on all Bank management information reports and liaises with other Divisions / Department as required.

• Co-ordinates with IT Department on matters relating to the implementation of new management information systems.

• Ensures appropriate systems and procedures are in place for compliance with all statutory / QCB limits such as capital adequacy, lending ratios and foreign exchange exposures, and co-ordinates with relevant Division / Department Heads as required.

• Cross Trains and evaluates performance of Department Staff.

• Is a member of the Purchasing Committee and participates in ALCO meetings.

3) Essential Qualifications/Experience Required

• CA, ACCA, CPA

• 15 years banking experience, 10 years of which in Financial Control

• Highly developed accounting and mathematical skills.

• Good English communication skills. Arabic is a distinct advantage.

• Adequate computer application skills and knowledge of operating accounting software and IAS standards.

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Recruiter Ref:
EFCFO

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