Review and oversee the SEs financial policies and procedures, findings from the General Court of Audit on SEs and ensure IFRS methodology is intact in line with the standards and reflected accurately in the financial statements.

Key Roles & Responsibilities:

Operational Support:

Assure quality services and work- activities delivered in accordance with established policies and procedures.

Ensure operational procedures and policies in line with corporate and strategic guidance.

Deploy allocated resources for optimal performance and provide feedback to the direct line manager on resource requirements.

Policies, System, Processes and Procedures:

Oversee the implementation of departmental policies, systems, processes, procedures and controls covering all related areas so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service in a consistent manner.

Consistently review and monitor existing policies and processes to support independent oversight in assessing all approved risk strategies, standards, tolerance and appetite including adherence to escalation mechanisms to support decision-making and any corrective measures as appropriate.

Policies & Procedures:

Oversee the financial policies and procedures of supervised entities to ensure they are in line with IFRS and best practices.

Closing Balance:

Review and validate period-end closing balances pack for SEs and gather necessary approval of entity Board prior to submitting to external authorities (including, but not limited to GCA, Royal Court, etc) to obtain the Council of Ministers approval.

Financial Reporting :

Review the SEs financial statements/management accounts on quarterly basis to ensure the accounting treatments are in line with IFRS.

Draft memos on the accounting treatments or transactions in line with IFRS

Ad-hoq:

Manage and oversee all requests coming from internal departments regarding analysis or details of the financial information.

Handle various reports or reviews including ad-hoqs requested by the management and/or external authorities (ie., MoF, etc).

Continuous Improvement:

Ensure accurate and complete implementation of IFRS standards across the supervised entities to maintain all supervised entities aligned with entity in terms of consolidating the financial statements.

Reporting:

Contribute to the preparation of timely and accurate reports to meet section requirements, policies and standards.

Maintain the confidentiality of information that they have access to or came across during their employment at entity.

Regulatory and compliance:

Adherence to all regulations and control function within the entity in order to ensure that governance, Audit, risk and compliance matters are carried out.

Academic Qualification:

Bachelor’s Degree (Finance, Accounting, or any related field)

Experience: Minimum of 6-8 years