Accounting & Reporting Specialist (IFRS)

Overview

Position : Accounting & Reporting Specialist (IFRS) at Islamic Development Bank (IsDB). Department : Finance and Treasury | Country : Saudi Arabia | Location : Jeddah, Kingdom of Saudi Arabia | Job Grade : E2 | Contract Type : Fixed Term | Closing Date : 30-Sep-2025 Job Purpose

This role holder is responsible for assisting Manager, Finance in ensuring compliance with IFRS 17 standards and providing accurate financial reporting and analysis. In addition, this role is responsible for preparing financial reports and analyses to facilitate Senior Management decision making. Key Accountabilities

Implementation and Compliance :

Leads or supports the enhancement of post-implementation integration of IFRS 17 standards within the organization. Enhancement of alignment of financial reporting processes and systems with IFRS 17 requirements. Monitors changes in IFRS 17 regulations and assesses their impact on financial reporting practices. Financial Reporting :

Assigned duties on preparation and analysis of financial statements, in accordance with IFRS. Assigned roles to ensure accuracy and completeness of IFRS 17 related financial data and disclosures. Consolidates financial data from various sources to support production of consolidated financial statements. Data Management And Analysis :

Gathers and analyses financial data; performs reconciliations and validations to support financial reporting; identifies and investigates discrepancies. Auditing And Assurance :

Conducts internal reviews to verify IFRS 17 compliance and internal controls; assists external auditors during audits; prepares audit schedules and supports findings. Cross-functional Collaboration :

Works with actuarial, IT and legal to implement / enhance IFRS 17 requirements; collaborates with stakeholders to address issues and improve processes. Monthly / Quarterly / Annual Closing

Fills IFRS 17 data forms from underlying systems for uploading into the IFRS 17 engine; downloads results and makes entries into GLs and TB; finalizes IFRS 17 based TB for review by line manager. Reconciliation of IFRS 4 vs IFRS 17 financials; assists in ensuring books are updated for accurate report generation and in finalizing quarterly and annual financial statements. Book-keeping And General Ledger Management

Maintains and reconciles general ledger accounts; records financial transactions accurately and on time. Audit Support

Helps prepare for and coordinate internal and external audits; provides audit schedules and documentation; supports addressing audit findings and implementation of recommendations. Documentation and Reporting

Maintains documentation of accounting policies and procedures; prepares reports on IFRS 17 enhancement project progress and compliance status; prepares monthly reconciliations. Continuous Improvement

Recommends and implements improvements to financial reporting processes and systems to enhance IFRS 17 reporting; stays updated with IFRSs and Takaful accounting developments. Special Projects

Collaborates with external consultants and internal stakeholders to integrate IFRS 17 reporting engine with underlying insurance engine (IIMS) and SAP; participates in ad-hoc projects and contributes to process improvements and organizational growth. Other Responsibilities

Performs duties pertinent to the Department / Division as assigned by the line manager. Academic and Professional Qualifications

Field of Study : Finance / Accountancy Experience : 5 years for Bachelor’s, 3 years for Master’s, or 1 year for PhD; experience in Finance managing financial accounting operations of an insurance / Takaful company; IFRS implementation experience. Professional Certifications : CPA / CA preferable. Language : English essential; Arabic / French a plus. Skills & Necessary Knowledge

Accounting Concepts; Accounting Standards; Islamic Accounting Standards Financial Modelling; Budgeting & Control Finance Systems Workflows; Regulatory and Compliance Knowledge Finance Systems Reporting; Stakeholder Relationship Management ICIEC Knowledge; ICTEC Product Knowledge Communication and Presentation Skills; Business Acumen; Risk Management Technological Adaptability Application Process

If you meet the criteria and are enthusiastic about the role, please apply. Required documents : Resume / CV, Copy of passport, Academic certificates. If you are currently ICIEC Regular staff applying for this role and are selected through competitive process, your current contract type and terms will remain unchanged. The ICIEC / IsDBG does not ask for payments or bank account information from applicants. The ICIEC does not take responsibility for fraudulent postings or offers. Seniority level

Mid-Senior level Employment type

Full-time Job function

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