Accountant – Accounting & Reconciliation

Job Description

Team Leader – Accounting & Reconciliation – Trade Portfolio | Mashreq

The Tone:
This is a Team Leader role at Mashreq. Mashreq, a prominent financial institution, manages a diverse trade portfolio requiring precise financial operations and robust accounting practices. This role is crucial for ensuring the accurate and timely reconciliation, execution, and posting of all accounting entries within the trade portfolio. It directly supports critical financial reporting and regulatory compliance, playing a central part in maintaining financial integrity and operational efficiency across the bank’s trade finance activities.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Not specified

• Team: Accounting & Reconciliation team, reporting to a Manager
• Mission: Ensure timely reconciliation, accurate accounting, and compliant financial reporting for the bank’s trade portfolio operations.
• Tech Stack: Flex, OBTF, SCF, Velocity, CBS/Flex, ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO, MS Office (Word, Excel/Calculations, Power point)

What You’ll Actually Do
• Financial Execution: Oversee the timely execution of purchase, sale, interest, and claim invoices, ensuring accurate recording in systems and posting of respective accounting entries.
• Reconciliation & Reporting: Perform and review daily reconciliation of all banking accounts and operational activities, publishing status reports to management, and providing reconciled data to Central Finance and VAT teams for financial statements and trial balances.
• Compliance & Standards: Maintain full understanding and adherence to IFRS, APPM, SWIFT, and UAEFT standards to prevent errors in accruals, payments, and overall bookkeeping.
• Operational Oversight: Develop controlled mechanisms to ensure all activities are performed timely and without errors, escalating delays or issues to management promptly.
• Stakeholder Collaboration: Coordinate proactively with Trade Operations, Technology, Product, Central Finance, and VAT teams, ensuring seamless execution, resolution of exceptions, and timely closure of tasks.

The Must-Haves
• Background: Master’s Degree in accounting & finance, or CA/ACCA certification.
• Experience: 3-7 years of relevant working experience in accounting, finance, and trade facilities; proven experience handling multiple system User Acceptance Tests (UATs) and preparing Business Requirements Documents (BRDs); experience reviewing Credit proposals & Agreements and Swift Messages; specific experience handling reconciliation between multiple systems; experience performing EDD & Compliance screening on submitted requests and Trade documents.
• Skills: In-depth knowledge of accounting standards (IFRS, APPM) and banking platforms (Flex, OBTF, SCF, Velocity); proficiency in SWIFT & UAEFT standards and experience with various banking systems (CBS/Flex, ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO); strong analytical and reconciliation skills, particularly for inter-system discrepancies; complete knowledge of trade cycle, trade documents, and compliance processes; strong referral and follow-up skills; good communication and interpersonal skills; proficiency in MS Office (Word, Excel/Calculations, Power point) with good typing speed.