Head of Equity Accounting and External Reporting - NASSER BIN KHALED

Direct Supervisor: Accounting Manager



Job Purpose:



To provide leadership, direction and technical expertise to the section responsible for:

Interpreting the agreements and developing the mechanisms for allocating and reporting all revenues and related expenses to shareholders in each of the NBK companies.



Key Result Areas:

 Timely development and implementation of evolving models and processes that incorporate the interpretation of relevant agreements between shareholders and other partners in NBK entities and enable appropriate allocation of all revenues, expenses and related financial reporting

 Timely and accurate preparation of statutory financial statements and other financial reports and statements in compliance with IFRS.

 Quality and timely advice in respect of the financial implications for NBK of Joint Venture and other fiscal agreements.

 Effective management of Section.

 Activities:

 Lead and manage the team responsible for all aspects of:

o profit center reporting

o preparation of annual and interim financial statements

 Interpret agreements to develop and maintain the complex financial models required to account for shareholders in the various operational activities

 Manage the preparation of complex monthly Profit Centre” financial reports

 Plan and control the preparation and distribution of financial reports and statements in accordance with IFRS standards to all concerned external parties, including supporting notes and supplemental information.

 Interpretation of all agreements to which NBK is party, ensuring the incorporation of their provisions in the content of complete and comprehensive financial reports.

 Manage the provision of the financial reporting input to the preliminary and year-end audit of all external financial statements.

 Explain financial data and processes to internal, external and shareholder auditors and discuss the implementation of auditing and reporting standards as required.

 Communicate to shareholders all accounting issues and their proposed treatments and implement any resulting shareholder reporting requirements.

 Meet all monthly, quarterly and annual external reporting requirements for shareholders, lending institutions and statutory authorities.

 Prepare various reports and presentations for the Board of Directors and Shareholders.

 Recommend changes/improvements to financial systems and to financial policies and procedures as required.

 Provide input into the developments of internal financial controls and ensure control gaps in financial reporting processes are identified and resolved.

 Assesses future resource needs and develop plans to meet these.

 Participate in the identification, evaluation and recruitment of qualified personnel for Section’s and Department’s work.

 Provide input to the Company’s annual report as required.

 Undertake urgent ad-hoc special projects as requested by Accounting Manager or Group Finance Director.



Operating Environment, Framework and Boundaries:



 Operates in a reasonably structured environment where guidelines are generally clear but where the business complexity, controls environment and procedures are continuing to develop significantly.

 Required to exercise significant professional judgement in the interpretation and implementation of the various shareholder financial sharing agreements.

 Exercises a significant level of freedom in determining allocation and coordination of the Section’s and other Group resources to deliver required service and objectives.

 Provides both detailed and high-level interpretations on revenue and expense allocation, advice and guidance in a complex, dynamic and multicultural environment.

 Determines own and team’s priorities within the requirements imposed by the cyclical nature of external reporting.

Job Details

Date Posted:	2013-12-05
Job Location:	Doha, Qatar
Job Role:	Accounting/Banking/Finance
Company Industry:	Automotive

Preferred Candidate

Career Level:	Management
Degree:	Master's degree

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Date Posted: December 05, 2013 at 09:49AM

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Head of Equity Accounting and External Reporting - NASSER BIN KHALED