Bank Reporting Executive

Overview

Manage and report banking financial transactions, reconciliations, and compliance.

Key Responsibilities

• bank reconciliation
• regulatory reporting
• cash forecasting
• liquidity management
• treasury collaboration
• financial reporting

Tasks

The Bank Reporting Executive is responsible for managing and executing all financial reporting activities related to banking operations. This job is responsible for ensuring that all financial transactions involving the automotive vertical of the group’s banking partners are accurately recorded, reconciled, and reported. The Bank Reporting Executive works closely with the finance team and other departments to ensure compliance with internal controls, regulatory requirements, and industry standards, while providing insightful analysis to support overall financial health and strategic objectives. -Oversee the preparation and review of daily, weekly, and monthly bank reconciliations, ensuring that all transactions are accurately captured, and discrepancies are promptly resolved. -Prepare and submit required regulatory reports related to the company’s banking activities, ensuring accuracy and adherence to deadlines. -Ensure compliance with all internal controls, company policies, and regulatory requirements related to banking and financial reporting. -Provide analysis and reporting on the company’s cash position, including forecasts and variance analysis, to support strategic decision-making. -Coordinate with the General Accounting team to ensure that all journal entries, accruals, and adjustments related to banking activities are properly recorded and supported by appropriate documentation. -Stay informed about changes in banking regulations and industry standards, updating the company’s reporting processes as necessary to maintain compliance. -Monitor daily cash flows and banking activity, ensuring that the company maintains adequate liquidity to meet its operational needs. -Lead the month-end, quarter-end, and year-end close processes for banking transactions, ensuring that all relevant data is accurately captured and reconciled within established deadlines. -Review and reconcile bank accounts, including operating, payroll, and loan accounts, to ensure the accuracy and completeness of the company’s financial records. -Collaborate with the Treasury team to optimize cash management strategies, including the management of short-term investments, loan repayments, and interest expense monitoring. -Work closely with the General Accounting, Treasury, and Finance teams to ensure accurate and timely reporting of all banking activities. -Uphold company values throughout business practices and utilise sound judgment in decision making. -Ensure that all bank transactions are recorded in accordance with Generally Accepted Accounting Principles (GAAP) and the company’s internal accounting policies. -Prepare and present comprehensive bank reconciliation reports to senior management, highlighting any issues, trends, or discrepancies that require attention. -Manage the accurate and timely reporting of all banking-related financial activities, including cash management, loan payments, and bank fee analysis.

Requirements

• cfa/cpa
• finance degree
• gaap
• reporting software
• audit experience
• 3-5yrs

What You Bring

-Experience working with internal and external auditors, with a strong understanding of audit processes and requirements. -Exceptional analytical, problem-solving, and organizational skills, with a keen eye for detail and accuracy. -High level of integrity, with a commitment to maintaining the confidentiality and security of sensitive financial information. -Proven ability to manage multiple priorities and deadlines in a fast-paced environment. -Advanced degree or professional certification (e.g., CFA, CPA) is a plus. -Bachelor's degree in Finance, Accounting, Economics, or a related field. -Advanced proficiency in financial reporting software and tools, with a strong understanding of financial systems and general ledger applications. -Excellent communication and interpersonal skills, with the ability to convey complex financial information to both financial and non-financial stakeholders. -A minimum of 3 to 5 years’ experience in in related field. -Strong knowledge of GAAP, financial reporting standards, and banking regulations.

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About Gargash Group

-As the UAE’s top distributor of premium cars, the company represents global brands such as Mercedes-Benz. -The group expanded into construction and real estate, contributing to iconic projects across the region. -Through strategic growth, it diversified into retail and logistics, further solidifying its market presence. -Known for its ability to adapt to market changes, the group thrives through its diverse, integrated offerings. -In recent years, it has focused on sustainable infrastructure, creating developments that define modern living.

Sector Specialisms