Position
Accounting Projects and Developments Lead
Group
Financial Control
Reports To
Financial Controller
Direct Reports
None
Internal Relationships
NBKI Management & Staff
Financial Control Department in Kuwait - Group and IBG
External Relationships
Third-party suppliers (systems)
Number of full-time equivalent employees - N/A
Grade
F – Senior Principal
Job Purpose
The incumbent will be responsible for testing and implementing accounting-related projects and developments. This will include responsibility for accounting processes, controls, procedures and documentation. Additionally, to ensure that changes are effectively communicated to the wider finance and business community.
Key Responsibilities & Accountabilities
* To assess the accounting impact of ledger changes and migration impact arising from the planned upgrade of the bank’s Loans and Collateral module.
* Propose and implement mapping changes in Equation and in MIS where applicable, and/or create any new accounts required
* Review of MIS requirements
* Testing of downstream impacts of new module across finance, including financial, management and regulatory reporting (working with existing FCD staff)
* Responsible for FCD oversight of migration, including testing of take-on balances, accruals and P&L impact
* Assist with the follow-on stage of Integrity Treasury Management System – implementing hedge accounting from the Integrity hedge model
* Other ad hoc tasks as directed by FC or CFO
Qualification & Experience
* A qualified chartered accountant (ACCA, ACA, ACMA) or equivalent international
Competencies
Essential
* Technical IFRS knowledge
* Project experience
* Able to manipulate large quantities of data
* Banking experience, including exposure to IFRS 9 hedging loans and interest rate swaps
Skills
Essential
* Very Good management skills – particularly on managing projects
* Methodical approach to testing and migration
* Self-starter
* Excellent communication and relationship-building skills
* Excellent systems/computer skills (Excel)
Key Success Factors
Successfully control the Loans and Migration from the FCD point of view and ensure appropriate checks are made on migration and an appropriate audit trail is maintained.
Any Other Comments
Knowledge of banking products and systems is preferred. Project management qualification not essential