Head of Payments & Asset Management, Finance Division

Job Description

Title: Head of Payments & Asset Management, Finance Division

Company Name: BRAC Bank Limited

Vacancy: Not specific

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Business Graduate from a well-recognized UGC-approved institution preferably major in Finance/ Accounting with a professional degree (FCA Or CA, FCMA or CMA or equivalent) required.

Experience Requirements:
∎ At least 5 year(s)

Job Responsibilities:
∎ Monitor payment processing to ensure timeliness and accuracy of payment;
∎ Review compliance with applicable VAT & Tax rules upon payment processing
∎ Ensure timely submission of monthly/Quarterly/Half yearly/yearly reports to Regulatory Reporting team for submission to Bangladesh Bank;
∎ Ensure timely submission and review of monthly GL reconciliations to Account Reconciliation team;
∎ Respond to all kinds of Bangladesh Bank queries on regular and special audit reports relating to expenses, assets, and insurance;
∎ coordinate internal & external audit teams and provide feedback on their queries and implementation of audit observations;
∎ Participate in negotiation meetings and ensure the company's best interest in that negotiation;
∎ Review organization’s policy and business processes, identify the risks, suggest for development to mitigate those risks and escalate to a higher official for further actions;
∎ Monitor & supervise the proper accounting practices as per International Financial Reporting Standards (IFRS) and review the journal entry posting;
∎ Supervise, lead & motivate the team to work and ensure a good working environment;
∎ Review and assist on operational budget and preparation work for capital expenditure budget;
∎ Provide training and arrange knowledge sharing sessions among teammates to ensure technical and professional development of the team;
∎ Supervise and review monthly accounting of provisions, accruals, depreciation calculation, and project status;
∎ Guide all related stakeholders about the payment procedure, fixed asset policy, insurance policy, and all ad-hoc queries;
∎ Submit on time management reporting, cost analysis, and cost optimization process.

Additional Requirements:
∎ A minimum of 5 years work experience in the relevant field;
∎ Sound knowledge on accounting standards IFRSs and IASs;
∎ Knowledge in VAT & Tax rules, Bangladesh Auditing standards, and Bangladesh Bank rules;
∎ Experience in cost control mechanism and fixed asset management;
∎ Knowledge of insurance policy, claim settlement;
∎ Working knowledge of Oracle ERP (Oracle, SAP) will be an added advantage;
∎ Strong command over Microsoft office package and conceptual understanding of banking/financial software;
∎ Ability to lead a dynamic team independently;
∎ Expert in customer centricity, team player, and keen to develop others.

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 12 Mar 2022

Company Information:
∎ 5 Mar 2022
∎ BRAC Bank Limited
∎ Business : BRAC Bank, the pioneer of SME Banking in Bangladesh, delivers a full array of banking services to individuals and business entities. Its financial results, along with the best credit rating from the top-rated global and local agencies and multiple best financial report awards, speak of the bank`s aspiration, transparency, and teamwork towards becoming the best bank in the country.

Category: Bank/Non-Bank Fin. Institution

: Only short-listed candidates will be communicated for the next stage as per the recruitment process. BRAC Bank reserves the right to accept or reject any application without assigning any reason whatsoever.BRAC Bank does not charge any fee at any stage of the recruitment process.BRAC Bank is a values-driven organization and believes in protecting all its stakeholders, including the employees and the community we work with, from all forms of harassment, abuse, neglect, exploitation, and discrimination. As an equal opportunity employer, BRAC Bank encourages applications from any gender-diverse individuals and people with disabilities. We consider personal persuasion as disqualification of candidature.