Manager - IFRS Compliance

Job Description

We are looking for a motivated and experienced Manager to join our Group IFRS Compliance team that is primarily responsible to ensure ongoing compliance with IFRS at a Group level and for key Opcos within UAE. The IFRS Compliance team maintains Group Accounting Policies in conformity with IFRS, leads the Group-wide implementation of new/revised IFRS, provides expert IFRS accounting guidance/advice on transactions, conducts technical accounting research and prepares detailed accounting papers for the accounting treatments adopted as per IFRS.

Key Responsibilities

• Develop IFRS 15 accounting scenarios including identification of POBs, guidance on determination of SSPs and other data points for revenue accounting engine and support in the practical implementation of IFRS in complex revenue arrangements.
• Monthly review and monitoring of IFRS 9 ECL model for receivables & periodic working on appropriate micro/macro environment assumptions, discount rates etc.
• Review and advice on new/non-standard leasing arrangements and periodic updates for standard leases regarding various assumptions and data points used within IFRS 16 leasing engine.
• Support in the accounting interpretations and advice related to potential business combination under IFRS 3, merger & acquisition, spin-off, carve out, corporate restructuring and other related business strategic transactions.
• Assist Corporate Finance and Group Reporting teams with the accounting analysis, accounting treatments and periodic updates relating to Group funding, treasury and risk management arrangements including financial instruments, derivatives and hedge accounting.
• Provide IFRS advice on various operational issues referred by end user sections in Finance, Commercial, Technology & other Support functions particularly relating to revenue recognition; capex/opex/direct cost/leasing classification etc.
• Support in annual review of useful life of PP&E and impairment assessments for tangible and intangible assets at Group and OpCos level.
• Carry out technical accounting research and prepare accounting position papers to assist in key accounting judgments and justification of accounting treatments adopted in accordance with IFRS for significant new or non-standard transactions.
• Develop strong cross-functional relationships and serve as a key business partner in resolving accounting challenges at operational levels.
  
  

Job Requirements

• Professional qualification in accounting
• Minimum 5+ years of professional experience primarily in IFRS technical accounting and advisory role. Professional experience within Big4 Accounting firms or large reputable organizations will be preferred.
• Excellent accounting research and interpretation skills with hand on experience in developing accounting position papers
• Working knowledge of the IFRS 9 ECL models, IFRS 15 5 step model calculations and IFRS 16 ROU/Lease liability calculation models. IFRS advisory experience for implementation of IFRS 9, IFRS 15 & IFRS 16 models/tools within telecom industry will be preferred.
• Experience in developing and implementing frameworks to ensure periodic IFRS compliance within reputable organizations and Groups
• Excellent communication and presentation skills
• Ability to deliver high quality outputs within time constraints