Head of Financial Reporting Department

Job Title: Head of Financial Reporting Department (Emirati)

Location: Ajman

Company: Government

Salary: 27K excluding medical insurance

Role Purpose:

Managing the financial reporting department while providing support to government agencies to ensure the provision of required financial and statistical reports, assisting in decision-making, and ensuring control over the financial performance of government agencies.

Key Responsibilities:

Budget and Financial Performance Management:

• Supervise the follow-up of the implementation of the general budget performance of government agencies.
• Review the results and prepare the financial performance report for government agencies.
• Submit recommendations and proposals for improvement opportunities.

Development of Financial Performance Indicators:

• Supervise the development of appropriate indicators and bases for measuring the governments financial performance.
• Ensure continuous updating and development of indicators to ensure the governments effective financial performance.

Capital Projects Monitoring:

• Supervise the follow-up of the implementation of capital projects in government agencies.
• Review and approve relevant reports with recommendations for improvement.

Supported Entities Reporting:

• Supervise the follow-up of supported entities to provide periodic reports related to the aspects of the agreement.
• Review and approve the recommendations and improvement proposals submitted by the work team.

Consolidated Financial Reporting:

• Supervise the preparation of the governments consolidated financial reports.
• Ensure the reports align with the governments financial statistics and the annual statistical volume of the general budget.
• Publish the reports in coordination with the relevant authorities.

Coordination with Statistical and Research Centers:

• Supervise the coordination process with statistical and research centers.
• Ensure that they are provided with the required reports to contribute to developing the infrastructure for financial statistical data.

Monitoring Economic Trends:

• Supervise the monitoring of the global economy and development trends.
• Extract the impacts on the general budget and review and approve proposals for the relevant organizational units.

Public Debt Management:

• Supervise the collection of public debt data and ensure it is updated continuously.
• Review and approve economic models to analyze the impact of public debt and mitigate its effects on the economy.

Ajman Government Credit Rating:

• Represent the Government of Ajman in meetings related to the Ajman Government credit rating.
• Supervise the coordination processes with relevant entities related to the credit rating.

General Tasks:

Operational Framework and Documentation:

• Review and approve the operational framework of the department.
• Verify its documentation and ensure periodic updates in coordination with the relevant organizational unit within the department.

Employee Performance and Development:

• Evaluate the performance of department employees to ensure their efficiency.
• Motivate employees to develop individual performance.
• Develop smart performance indicators for the departments operational activities and set targets in line with strategic objectives.
• Review and approve the annual leave plan for employees to ensure continued quality implementation of departmental activities.

SWOT Analysis and Strategic Alignment:

• Prepare the department's SWOT analysis document.
• Review and approve the operational objectives of the departments employees and ensure alignment with the departments operational and strategic objectives.

Training and Development Plans:

• Review and approve the training plan for the departments employees based on actual needs and individual performance assessments.

Business Continuity and Risk Management:

• Review and approve the departments Business Analysis Document (BIA) and Business Continuity Plan (BCP).
• Prepare and update the departments risk register periodically, ensuring that appropriate responses to risks are implemented and followed up.

Qualifications:

• Bachelors degree in Accounting, Finance, or related field
• CTA or CTP or CPA or ADIT is preferred
• Minimum of 6 years of experience in financial reporting or accounting, with at least 5 years in a leadership role.
• Strong knowledge of financial regulations, accounting principles (GAAP/IFRS), and tax laws.