Assistant Manager – Statutory Reporting – Finance – TECOM Group

An opportunity has arisen for an Assistant Manager - Statutory Reporting to join TECOM Group. The main duties and responsibilities of this role:The role holder is responsible for overseeing the preparation, consolidation, and finalization of statutory financial statements (both consolidated and standalone) in compliance with IFRS and applicable legal requirements.This includes managing financial audits, coordinating with external auditors and internal stakeholders, and ensuring the timely completion of monthly, quarterly, and annual general ledger closings. The role holder also ensures the accuracy, transparency, and integrity of all statutory reporting for TECOM and its business units.Financial Statements and Statutory ReportingSupport in the monthly / quarterly / yearly closing of GL with high level of accuracy. Ensure all month-end closing entries have been accounted for General Ledger (GL) and perform monthly trial balance reviews, analyze the trends and unusual movement of accounts.Support in consolidating the financial statements of TECOM and other outsourced functions, subsidiaries etc. ensuring fair presentation and adherence to IFRS.Prepare the standalone financial statements of TECOM entities under audit.Coordinate with the subsidiaries and Joint ventures for timely submission of the group reporting packages for the half-year review and year-end audit in an accurate manner and consolidate the subsidiary’s group reporting package in the financial statements.Prepare required disclosures as per IFRS guidelines for financial statements.Prepare other schedules for statutory purposes such as schedule of PMLA, Lease commitments related party matrix, schedule of other income, schedule of general and admin expenses, marketing and selling, and other expenses.Analyze manual entries posted in the general ledger, such as the reclassification of unapplied receipts, advances from customers, undue receivables, and others, and properly reflect this in the related schedules submitted by Finance Team. This includes proper accounting for the reclassification/rectification entries identified at month end, half-year, and year-end audits/ reviews.Prepare related party and inter-company reconciliations, obtain confirmations, and investigate and resolve all the reconciling items identified in the reconciliation.Communicate with Dubai Holding for the listing of the related parties at DH level to identify the related parties and summarize the transactions with the related parties. This also includes preparing a memorandum relating to offsetting of related party/intercompany balances, if any.Review monthly account reconciliations and prepare a dashboard for relevant areas to provide accurate comments, highlight areas of concern, recommend corrective actions, reflect overall efficiency of the account reconciliation process, highlight key problematic areas, track implementation of recommended action plan and monitor the health of underlying finance schedules.Assist in preparing and analyzing reports/schedules/reconciliation including validation of the integrity of the financial database, and accuracy of processed transactions for certain key balance sheets and P&L balances/accounts in order to support management/group /statutory reporting.Auditing SupportCo-ordinate with external/internal auditors, other departments and business units to support the entire audit process efficiently and effectively.Coordinate within the finance team and assist the external auditors in providing them with sufficient and reliable data to complete the audits as per the agreed schedule.Prepare detailed analysis of material variances based on actual balances (current year vs. prior year) as required by the external auditors.Support the review of existing policies and processes to close all risk-related items highlighted and implement action plans for audit findings and interact internally and externally to ensure all the audit findings are worked on and successfully dealt with facilitating subsequent audits.System Support (ERP / Hyperion / Yardi)Support the evaluation and review of the ERP-related system requests and changes for the various Financial modules.Prepare, review & minimize GL manual journals and coordinate with the IT focal point for system automation.Continuous Improvement and Special projectsKeep abreast of the latest trends in new accounting standards such as changes to accounting guidelines, disclosure impacts on financial statements, key ratios and provide inputs and suggestions for the continuous improvement of financial reporting processes and practices, taking into account ‘international best practice’, changes and changes in the business environment which demand proactive action plans in line with TECOM’s objectives.Actively contribute for the revision and development of the TECOM’s Accounting Policies and Procedures manual including continuous enhancement / improvement of the Policies and Procedures.Support in handling special / ad hoc assignments as and when required such as funding projects, IT projects, MIS projects, systems to improve operational efficiencies.Support the Manager by researching on new accounting standards (e.g. IFRS 15, IFRS 9 etc.) and highlighting its application and impact on TECOM’s financial statements with options to report to management.