Accountant, Regional Hub Job Careers – Islamic Development Bank (IDB)  

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Organisation: Islamic
Development Bank (IDB)
Duty Station: 
Kampala, Uganda
The Islamic
Development Bank (IDB) is a multi-lateral development financing institution
located in Jeddah, Saudi Arabia. It was founded in 1973 by the Finance
Ministers at the first Organisation of the Islamic Conference (now called the
Organisation of Islamic Cooperation) with the support of the king of Saudi
Arabia at the time (Faisal), and began its activities on 20 October 1975.
Job Summary:
The Accountant, Regional Hub will process, review, record, maintain and
reconcile financial transactions in the Regional Hub. Provide financial analysis
and oversight over all financial transactions in the Regional Hub to ensure
compliance with internal financial controls and Bank rules. Support detailed
analysis, annual planning and periodic forecasting of the expenses, produce
monthly financial reports relating to the regional hub, participate in
developing, enhancing and implementing controls.
Key Duties and Responsibilities:
·       
Update
and maintain the general ledger and charter of accounts to reflect the
transactional activities of regional hub accounts, ensuring that proper books
of accounts are maintained for effective financial control in accordance with
Bank standards and local statutory requirements.
·       
Reconcile
sub ledger reports on a monthly basis in addition to creating the final trial
balance to ensure quality and efficiency in the deliverables.
·       
Registration
and maintenance of Regional Hub’s fixed assets; evaluation of fixed assets and
adjusting for depreciation as per fixed asset accounting policy.
·       
Manage
cash flow and petty cash in Regional Hub and ensure that all transactions are
recorded clearly.
·       
Examine
and analyse accounting records, financial statements, or other financial
reports to assess accuracy, completeness, and conformance to reporting and procedural
standards.
·       
Proper
planning, expenditure tracking and audit of financial resources, in accordance
with Bank rules and regulations.
·       
Elaboration
of the internal expenditures’ control system which ensures that vouchers
processed are matched and completed, transactions are correctly recorded and
posted in SAP.
·       
Timely
and accurate approval of bank reconciliation, including documented review of
exceptions.
·       
Perform
financial analysis as requested for both internal and external use.
·       
Analyse
financial or operating data to satisfy regulatory requirements.
·       
Assess
data for integrity and analytical purposes as and when required.
·       
Assist
in standard or ad-hoc analyses to meet variety of management objectives.
·       
Verify
all vendor invoices and prepare for approval to ensure a smooth and efficient
payment processing.
·       
Manage
invoicing and the collection of receivables and payments.
·       
Ensure
proper recording and accuracy of all transactions related to payroll at
Regional Hub, ensuring compliance with payroll processes.
·       
Review
and validate payroll summary reports for Regional Hub through coordination with
the relevant HR Team.
·       
Review
the reimbursement of staff related costs, including business travel and medical
expenses.
·       
Initiation
of bank transfers and deals, selecting bank transfers and deals for approval
and settlement.
·       
Timely
review of cash position for local accounts to ensure sufficient funds on hand
for disbursements.
·       
Primary
contact with local bank management on routine operational matters including
negotiation of exchange rate on replenishments.
·       
Contribute
to the formulation of policies and guidelines governing accounting practices at
the Regional Hub.
·       
Provide
guidance on interpretation of IsDB Group policies and procedures, and
legislative regulations applicable for the Regional Hub.
Qualifications, Skills and Experience: 
·       
The
ideal candidate for the Islamic Development Bank (IDB) Accountant, Regional Hub
job vacancy must hold a Bachelor’s degree in Accounting, Finance, Business
Administration or related field.
·       
Professional
qualifications like CA, ACCA or CPA would be preferred.
·       
At least
five years of experience in finance and accounting, preferably in a
multilateral sector.
·       
SAP ERP
experience.
·       
Knowledge
of the multilateral bank sector.
·       
Financial
Management.
·       
Accounting.
·       
Business
Process Knowledge.
·       
Passion
for Excellence
·       
Analytical
Thinking
·       
Problem
Solving.
·       
Advanced
MS Office skills, especially Excel.
·       
Good
knowledge of the local regional markets and work culture in the specific
Region.
·       
Adaptability
·       
Teamwork
·       
Client
Centricity and Stakeholder Management
·       
Motivation
to Learn and Share Knowledge
·       
Drive
for Results
·       
Change
& Transition Management
·       
Solutions
and Result Management
·       
Innovation
and Future Orientation
·       
Leadership
and People Management
·       
International
and Multicultural Collaboration
·       
Communication
and Partnership
All suitably
qualified and interested candidates who wish to join the Islamic Development
Bank are encouraged to apply online at the link below.
Deadline: 10th June 2020

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