Manager - Finance (Islamic & GL) Job (Fujairah, AE)

National Bank of Fujairah
Fujairah
Workplace: OnsiteFull timeFunction: Finance & AccountingExperience: 5-7 yearsEducation: mastersSkills: ["Communication","Results orientation","Strategic planning","Collaboration"]

Own and improve the GL ownership and control framework for Islamic Banking products, ensuring reconciliations, account closures, and accurate postings in T-24. Lead implementation and ongoing management of Islamic Banking financial/regulatory reporting, including consolidated and separate statements, ALCO process execution, Shari’a governance support, Zakat computation, and internal MIS performance packs. Establish ring-fencing and monitoring frameworks for Islamic assets/liabilities and KRIs, while guiding staff development.

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FursaFursa
National Bank of Fujairah
National Bank of Fujairah
2 days ago

Manager - Finance (Islamic & GL) Job (Fujairah, AE)

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Last checked: 21 hours agoStatus: Live

Job Summary

Own and improve the GL ownership and control framework for Islamic Banking products, ensuring reconciliations, account closures, and accurate postings in T-24. Lead implementation and ongoing management of Islamic Banking financial/regulatory reporting, including consolidated and separate statements, ALCO process execution, Shari’a governance support, Zakat computation, and internal MIS performance packs. Establish ring-fencing and monitoring frameworks for Islamic assets/liabilities and KRIs, while guiding staff development.
Location: Fujairah
Workplace: Onsite
Employment Type: Full time
Job Function: Finance & Accounting
Seniority: Manager level

Key Responsibilities

  • •Ensure compliance with the GL ownership framework and conduct products testing from a finance perspective, with seamless reflection in GL/financial/accounting systems.
  • •Own and monitor GL reconciliations (CAL vs subsidiary, T-24 reconciliation, branch-wise CAL vs subsidiary, and system-generated CAL), and authorize catch-all workings and TB updates for new lines.
  • •Implement and manage the Separate ALCO process for Islamic Banking, regularly monitoring Islamic assets/liabilities mismatch.
  • •Manage Islamic banking internal (MIS) reporting, including business performance packs, profit management & distribution to depositors, and reporting to MANCOM on governance ratios.
  • •Support implementation of new Islamic banking products by designing accounting treatment in line with AAOIFI/IFRS, establish ring-fencing arrangements, and resolve GL issues through daily monitoring.

Key Requirements

  • •5–7 years’ experience in a bank finance department with Islamic banking experience required.
  • •Master’s degree in Finance/Banking or MBA (Educational Level: Master/Graduation in Finance).
  • •Professional qualification (preferable): ACCA, MBA, CPA, or Master’s in Commerce/Economics.
  • •Islamic banking product accounting/testing experience aligned to AAOIFI Standards and IFRS (including new changes impact and execution planning).
  • •Audit firm training experience is needed and Islamic banking accounting/governance exposure is expected.
Experience:5-7 yearsBankingIslamic banking
Education:Master's in Finance / Banking / MBA
Skills:CommunicationResults orientationStrategic planningCollaboration
Certifications:ACCACPA
Tech Stack:FinastraFront ArenaT-24AAOIFIIFRS

Company Brief

National Bank of Fujairah
Provides corporate and retail banking services in the United Arab Emirates, including accounts, lending, trade finance, treasury, and digital banking solutions. Serves businesses and individual customers through a network focused on the Fujairah and broader UAE market.
Industry: Banking
Company Size: Large (251 to 1,000 employees)
Growth: Established Company
Headquarters: Fujairah, United Arab Emirates
Founded: 1982
WebsiteLinkedIn