Job Overview
An opportunity is available for a Consolidation & Reporting Specialist in Dubai, UAE to support financial consolidation, reporting, analysis, and compliance activities across multiple business entities. The role focuses on preparing consolidated financial information, ensuring alignment with International Financial Reporting Standards (IFRS), maintaining reporting systems, performing intercompany reconciliations, and supporting internal and external audits.
Thank you for reading this post, don't forget to subscribe!The successful candidate will work closely with finance teams across different divisions to ensure accurate and timely financial data, reporting submissions, and consolidation activities. The role also contributes to improving financial reporting processes, system accuracy, and operational efficiency.
Key Responsibilities
Financial Consolidation and Reporting
- Support monthly, quarterly, and annual financial consolidation activities across multiple entities.
- Assist in preparing consolidated financial statements in accordance with applicable IFRS requirements.
- Collect and review financial information submitted by different business entities and divisions.
- Perform intercompany reconciliations and investigate discrepancies.
- Support the preparation of accurate and timely consolidated financial reports.
- Ensure financial information is complete, consistent, and properly recorded.
Financial Reporting and Analysis
- Support internal management reporting and external financial disclosures.
- Assist with financial performance reporting and analysis.
- Perform variance analysis to identify significant differences between actual and planned results.
- Review financial data and identify unusual movements or discrepancies.
- Provide relevant financial information to support management decision-making.
Consolidation Systems and Tools
- Maintain and update financial consolidation systems and reporting tools, including platforms such as Prophix where applicable.
- Monitor the accuracy and completeness of data entered into consolidation systems.
- Support system-related reporting activities and resolve data issues.
- Assist with maintaining efficient and reliable consolidation workflows.
- Identify opportunities to improve the use of financial reporting and consolidation technology.
Intercompany Reconciliation
- Perform regular intercompany account reconciliations.
- Investigate and resolve differences between entities.
- Coordinate with relevant finance teams to ensure intercompany balances are accurately recorded.
- Follow up on outstanding reconciliation items and support timely resolution.
- Maintain appropriate documentation for reconciliation activities.
Finance Team Coordination
- Coordinate with divisional and entity-level finance teams to obtain accurate financial information.
- Communicate reporting requirements, deadlines, and submission procedures to relevant stakeholders.
- Follow up on outstanding financial data and reporting requirements.
- Ensure information is submitted accurately and within agreed timelines.
- Build effective working relationships with finance teams across the organization.
Audit Support
- Prepare financial information, schedules, reconciliations, and supporting documentation for internal and external audits.
- Respond to auditor requests and inquiries under appropriate supervision.
- Support the finance team during audit processes.
- Ensure audit documentation is accurate, complete, and properly organized.
- Follow applicable audit standards, financial policies, and internal control procedures.
Process Improvement
- Participate in projects designed to improve financial consolidation and reporting efficiency.
- Identify opportunities to streamline reporting and reconciliation processes.
- Support automation initiatives within financial reporting and consolidation workflows.
- Help improve data accuracy, reporting timelines, and process controls.
- Contribute to the development and implementation of improved finance procedures.
Role Responsibilities
Professional Development
- Continuously develop accounting, financial reporting, analytical, technical, and communication skills.
- Stay updated on relevant financial reporting practices, accounting methods, systems, and procedures.
Delivery and Performance
- Complete assigned financial consolidation and reporting activities according to established schedules.
- Manage available resources effectively to achieve objectives within agreed time and cost requirements.
- Monitor assigned activities and provide periodic progress reports.
- Highlight delays, deviations, or issues that may affect reporting deadlines or quality.
Problem Solving
- Investigate and resolve routine financial reporting, consolidation, and reconciliation issues.
- Identify discrepancies in financial information and coordinate with relevant teams to resolve them.
- Escalate complex accounting, reporting, or operational issues to the appropriate management level.
Quality Management
- Maintain accuracy, completeness, and consistency in financial reporting activities.
- Follow established quality control procedures for financial consolidation and reporting.
- Review financial information carefully to minimize reporting errors.
- Support continuous improvement of financial reporting quality and controls.
Business Process Improvement
- Support clearly defined finance systems, policies, procedures, and work instructions.
- Identify opportunities to improve consolidation and reporting processes through automation and technology.
- Contribute to initiatives that increase reporting efficiency, accuracy, and transparency.
Compliance
- Follow applicable accounting policies, financial reporting procedures, internal controls, and work instructions.
- Support compliance with relevant financial reporting requirements and IFRS principles.
- Maintain appropriate documentation and confidentiality of financial information.
Health, Safety and Environment
- Follow applicable health, safety, quality, and environmental policies and procedures.
- Support a safe, secure, legally compliant, and professional working environment.
Academic Qualifications
- Bachelor’s Degree in Accounting, Finance, or a related field.
- Additional professional accounting qualifications or relevant financial reporting certifications may be advantageous.
Work Experience
- 2–4 years of relevant professional experience in accounting, financial reporting, financial consolidation, audit, or a related finance function.
- Experience with consolidated financial statements, intercompany reconciliations, IFRS reporting, or financial consolidation systems is beneficial.
Technical and Functional Competencies
- Accounting Methods
- Financial Reporting
- Financial Consolidation
- Consolidated Financial Statements
- IFRS
- Intercompany Reconciliation
- Financial Analysis
- Variance Analysis
- Management Reporting
- External Financial Disclosures
- Audit Support
- Internal Controls
- Consolidation Systems
- Financial Reporting Systems
- Coordination and Consolidation
- Consolidation of Cost Accounts
- Process Improvement
- Financial Data Analysis.