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Finance officer

1 month ago

Manama, Manama, Bahrain RESO Full time
Company Description Headquartered in the UAE, Bit Oasis is the largest and most trusted cryptocurrency platform in the MENA region. Established in 2015, Bit Oasis is a pioneer of the region's cryptocurrency ecosystem, serving as the go-to platform for first-time cryptocurrency buyers and professional traders alike. We are regulated by VARA and licensed by Central Bank of Bahrain. Bit Oasis aims to offer the most secure and regulated infrastructure in cryptocurrency trading for retail and institutional clients across the region. Job Description Job Summary: We are seeking a highly motivated and detail-oriented Finance Officer to join our growing team in Bahrain. This role will be crucial in supporting the financial operations of our CBB-approved cryptocurrency exchange, ensuring accuracy, compliance, and efficiency in all financial activities. The Finance Officer will be responsible for a range of tasks, including maintaining financial records, processing payments, preparing financial reports, and assisting with regulatory compliance requirements specific to the cryptocurrency industry in Bahrain. Responsibilities: Financial Record Keeping: Maintain accurate and up-to-date financial records, including general ledger entries, accounts payable and receivable, and bank reconciliations. Ensure proper documentation and filing of all financial transactions. Manage and reconcile petty cash. Payment Processing and Treasury: Process invoices, payments to vendors, and employee expense reimbursements in a timely and accurate manner. Manage bank accounts and execute fund transfers as required. Financial Reporting: Assist in the preparation of monthly, quarterly, and annual financial statements in accordance with International Financial Reporting Standards (IFRS) and Central Bank of Bahrain (CBB) regulations. Prepare ad-hoc financial reports as requested by management. Assist with budget preparation and monitoring. Regulatory Compliance: Hands-on experience with Bahrain Tax laws and VAT filing. Support the Head of Finance in ensuring compliance with all relevant financial regulations and reporting requirements set forth by the Central Bank of Bahrain, specifically for cryptocurrency exchanges. Assist with the preparation of regulatory filings and reports. Stay updated on changes in financial regulations and the cryptocurrency landscape in Bahrain. Audit Support: Assist with internal and external audits by providing necessary documentation and information. Help implement audit recommendations and improve internal controls. General Ledger Management: Ensure the integrity and accuracy of the general ledger. Perform regular reconciliations of key accounts. Cryptocurrency Specific Tasks (as required): Assist with the reconciliation of cryptocurrency transactions and balances. Support the monitoring of cryptocurrency wallets and movements. Develop an understanding of the financial aspects of cryptocurrency trading and custody. Other Responsibilities: Assist with other finance-related tasks and projects as assigned. Collaborate effectively with other departments within the organization. Qualifications: Bachelor's degree in Finance, Accounting, or a related field.8+ years of experience in a finance role, preferably within the financial services or technology sector. Strong understanding of accounting principles (IFRS). Familiarity with Bahraini financial regulations is a must. Experience working with accounting software and MS Office Suite (especially Excel). Knowledge of the cryptocurrency market and related financial concepts is a significant advantage. Skills: Excellent analytical and problem-solving skills. Strong attention to detail and accuracy. Excellent organizational and time management skills. Ability to work independently and as part of a team. Strong written and verbal communication skills in English. High level of integrity and ethical standards. Ability to adapt to a fast-paced and evolving environment.
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