GL Proofing

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Job Purpose

The role holder is part of the Group-wide General Ledger Proofing & Controls function and is responsible for executing, coordinating, and ensuring the quality of the General Ledger proofing and reconciliation data provided by all business units across the Group. This is to maintain the ongoing accuracy, integrity, and completeness of the Group's financial data, ensuring that the General Ledger Accounts are properly controlled, proofed, and balanced.

Key Responsibilities

1. Ensure all Group-wide General Ledger (GL) transactions are accurately recorded and reconciled, with correct balances.
2. Monitor and assure the quality of GL account reconciliation and proofing data submitted by all business units.
3. Follow up with respective GL owners in various departments to confirm and verify balances for accuracy and reconciliation.
4. Detect discrepancies and unreconciled transactions or balances, working with relevant departments to correct them promptly.
5. Identify inefficiencies and recommend improvements in GL proofing procedures.
6. Prepare a dashboard displaying ageing analysis of unreconciled and open items monthly for management review.
7. Ensure compliance with banking regulations and financial reporting standards.
8. Provide balance confirmations to authorized requestors such as regulators and auditors as needed.
9. Complete and review all reconciliations within the stipulated month-end and quarter-end timelines.
10. Collaborate with the financial reporting team to resolve reconciling items before financial statement finalization.
11. Prepare and submit reconciliation certification reports for management approval, complying with internal policies and regulations.
12. Maintain and periodically review the application of the GL reconciliation policy to align with regulatory or accounting changes.
13. Conduct risk assessments of GL accounts, categorizing by risk/materiality, and apply appropriate reconciliation levels.
14. Ensure segregation of duties in reconciliation processes and maintain evidence of independent reviews.
15. Implement a reconciliation aging report to monitor outstanding items, categorized by risk and business unit ownership.
16. Act as a liaison between Finance, Treasury, Operations, Risk Management, and Business Units to resolve complex reconciliation issues.
17. Coordinate with IT to ensure GL mapping integrity and investigate system discrepancies.
18. Work with Internal and External Auditors to provide required reconciliations and support during audits.
19. Ensure all reconciliations comply with IFRS, Central Bank of Bahrain regulations, and internal standards.
20. Maintain compliance with audit and regulatory requirements related to reconciliation and financial controls.
21. Identify and implement process improvements and automation opportunities in reconciliation workflows.
22. Develop standardized reconciliation templates, dashboards, and exception reporting frameworks.
23. Maintain detailed documentation of procedures, SOPs, and control checklists.

Qualifications & Experience

1. Bachelor's degree in Finance, Accounting, Commerce, or related field, or equivalent.
2. Minimum 1-2 years of practical experience in a banking or similar function.

Seniority level

• Associate

Employment type

• Full-time

Job function

• Other

Industries

• Banking

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