Accountant at Islamic Development Bank (IDB)

The Islamic Development Bank (IDB) is a multilateral development bank (MDB) which funds its projects and other developmental activities using Islamic finance. Hence, the name “Islamic”. Founded in 1975, the IsDB is headquartered in Jeddah, the Kingdom of Saudi Arabia. The purpose of the Bank is to foster economic development and social progress of its member countries. We are recruiting to fill the position below:Job Title: AccountantRef ID: IDB2030Location: AbujaBusiness Unit: Finance ComplexDivision: Not ApplicableDepartment: Financial Control DepartmentJob PurposeProcess, review, record, maintain, and reconcile financial transactions in the regional hub.Provide financial analysis and oversight over all financial transactions in the regional hub to ensure compliance with internal financial controls and Bank rules.Support detailed analysis, annual planning and periodic forecasting of the expenses, produce monthly financial reports relating to the regional hub, participate in developing, enhancing and implementing controls.Key AccountabilitiesFinancial Accounting & Reporting:Update and maintain the general ledger and chart of accounts to reflect the transactional activities of regional hub accounts, ensuring that proper books of accounts are maintained for effective financial control in accordance with Bank standards and local statutory requirementsExamine and analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standardsReconcile sub ledger reports on a monthly basis in addition to creating the final trial balance to ensure quality and efficiency in the deliverablesManage invoicing and the collection of receivables and paymentsVerify all vendor invoices and prepare for approval to ensure a smooth and efficient payment processingRegistration and maintenance of regional hub’s fixed assets; evaluation of fixed assets and adjusting for depreciation as per fixed asset accounting policyManage cash flow and petty cash in regional hub and ensure that all transactions are recorded clearlyPerform financial analysis as requested for both internal and external usePayroll:Ensure proper recording and accuracy of all transactions related to payroll at regional hub, ensuring compliance with payroll processesReview and validate payroll summary reports for regional hub through coordination with the relevant HR teamAnalysis:Analyze financial or operating data to satisfy regulatory requirementsAssess data for integrity and analytical purposes as and when requiredAssist in standard or ad hoc analyses to meet variety of management objectivesPolicies and Procedures:Contribute to formulation of policies and guidelines governing accounting practices at regional hub.Provide guidance on interpretation of IDB Group policies and procedures, and legislative regulations applicable for the regional hub. 

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