Assistant Finance Manager

JOB SUMMARY

The Assistant Finance Manager will support the Finance Manager in overseeing the banks financial operations, ensuring accuracy, compliance, and efficiency across accounting, reporting, taxation, and banking-related activities. The role requires strong hands-on experience in VAT filing, monthly financial reporting, vendor payment management, MIS reporting, and active involvement in core banking system implementation and enhancement initiative.

KEY RESPONSIBILITIES

Financial Accounting & Reporting

• Assist in the preparation and review of monthly, quarterly, and annual financial statements in accordance with applicable accounting standards.
• Ensure timely month-end and year-end closing, including accruals, provisions, and reconciliations.
• Monitor general ledger activities and ensure accuracy of accounting records.
• Support internal and external audits by preparing schedules, explanations, and documentation.

VAT & Tax Compliance

• Prepare, review, and submit VAT returns accurately and on time in compliance with local tax regulations.
• Maintain VAT records, reconciliations, and supporting documentation.
• Coordinate with tax consultants and authorities on VAT-related matters, assessments, and audits.
• Assist with other statutory tax filings and regulatory compliance as required.

Vendor Payments & Accounts Payable

• Oversee and manage the vendor payment cycle, ensuring timely and accurate payments.
• Review supplier invoices for accuracy, approvals, and compliance with contractual terms.
• Maintain vendors master data and resolve discrepancies or disputes with
• suppliers.
• Monitor aging reports and manage cash flow related to payables.

MIS & Management Reporting

• Prepare and analyze MIS reports for management, including profitability, cost analysis, budget vs. actuals, and variance analysis.
• Develop dashboards and periodic financial summaries to support strategic decision-making.
• Ensure accuracy, consistency, and timeliness of management reports.

Budgeting & Forecasting

• Assist in the preparation of annual budgets and financial forecasts.
• Track budget performance and highlight deviations with actionable insights.
• Support cost control initiatives and financial planning activities.

Core Banking System Implementation & Support

• Actively participate in the implementation, enhancement, and optimization of the core banking system.
• Coordinate with IT, vendors, and internal stakeholders during system rollout and upgrades.
• Assist in mapping financial processes, testing system functionalities, and validating financial data.
• Ensure seamless integration between the core banking system and accounting/reporting modules.
• Provide post-implementation support, troubleshooting, and documentation.

Controls & Process Improvement

• Ensure adherence to internal financial controls, policies, and procedures.
• Identify process gaps and recommend improvements to enhance efficiency and compliance.
• Support automation and digital transformation initiatives within the finance function.

EDUCATION AND CERTIFICATIONS

• Bachelor's degree in Accounting, Finance, or a related field.

REQUIREMENTS

• Minimum of 5 years' experience in trade finance operations within a banking environment.
• Strong knowledge of bookkeeping principles, general ledger functions, and financial reporting.
• Strong knowledge with IFRS16
• Familiarity with local tax regulations (NBR), payment processing standards, and internal controls
• Familiarity with Central Bank of Bahrain guidelines