Manager, Financial Reporting
Masraf Al Rayan
Total years of experience :16 years, 6 Months
a) Analyze financial data, overlay data sets and drill down financial information to determine specific areas of variance, provide clear articulation and explanation in order to inform and support decision-making.
b) Adhere to all relevant organizational/departmental policies, processes, standard operating procedures and instructions to ensure work is consistently carried out in accordance to required standards in delivering services to customers and stakeholders.
c) Assist in the preparation and distribution of internal financial statements and reports to senior and executive management, maintaining the highest quality, reliability and accuracy:
d) Daily GL summary and profit & loss movements and explanatory notes to the management.
e) Preparation of monthly, quarterly and annual balance sheets and income statements, and the accompanying explanatory notes.
f) Preparation of Investor presentation for the financial position of the company on quarterly basis for the investors and shareholders of the bank.
g) Assist in the preparation of half-yearly and annual financial statements of the Bank’s subsidiaries for submission to regulatory authorities (e.g. Qatar Financial Center Regulatory Authority (“QFCRA”), Qatar Financial Markets Authority (“QFMA”)
h) Preparation of monthly/quarterly/annual prudential return reports for subsidiaries for submission to QFCRA.
i) Prepare responses to financial inquiries from regulators (e.g. QFCRA, QFMA) by gathering, analyzing, summarizing, and interpreting data.
j) Maintain up to date awareness of all new developments in IFRS and AAOFI, understand the implications for the organization and its financial reporting.
k) Ensure that provisions, accruals, prepayments and other entries for periodic and annual closing of financial accounts are complete, accurate and adequately supported.
l) Coordinate with the external auditors and the central bank examiners to arrange for examination supporting documents and explanations.
Financial Reporting:
a) Daily GL summary and profit & loss movements and explanatory
notes to the management.
b) Preparation of monthly, quarterly and annual balance sheets and income statements, and the accompanying explanatory notes.
c) Report progress on monthly and quarterly budgets highlighting variances in balance sheets, income statements and profit rates.
d) Prepare reports, presentations and management briefings as required.
e) Ensure full compliance with all statutory requirements and Central Bank reporting.
f) Maintain up to date awareness of all new developments in IFRS and AAOFI, understand the implications for the organization and its financial reporting.
g) Provide timely and accurate information to the external and internal auditors as and when required.
h) Ensure that provisions, accruals, prepayments and other entries for periodic and annual closing of financial accounts are complete, accurate and adequately supported.
i) Coordinate with the external auditors and the central bank examiners to arrange for examination supporting documents and explanations.
2. Reconciliation of Nostro accounts:
a) Reconcile all the transactions on a daily basis.
b) Coordinating with concerned departments for the outstanding un-
reconciled entries.
c) Prepare Daily/Monthly reconciliation report for management
review.
d) Follow-up to reduce the outstanding unreconciled items.
• M.B.A from Osmania University in the year 2006 with specialization in Finance and Marketing.
• B.Com (Foreign Trade) from Osmania University in the year 2003.