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Janatabank-bd.com Job as General Manager (Accounts and Financial Management Division)

Janata Bank Limited- Bangladesh

Career as General Manager (Accounts and Financial Management Division) 

Deadline for submission of application  31 January 2013.

Janata Bank Limited, the second largest State owned Commercial Bank in Bangladesh, operates  888 branches including 4 overseas  branches  in  the  UAE.  At  present  it  is  linked with  1233  foreign correspondents  all over  the world.  It  has  two subsidiaries (1) Janata Capital and Investment Ltd. in Bangladesh and (2) Janata Exchange Company srl. in Italy. Its more than fifteen thousand employees provide their best efforts to establish it as the highest profit earning bank in the country for the last three consecutive years.

:: Position 

General Manager (Accounts and Financial Management Division)
Offered for Bangladeshi Nationals only on contractual basis. It’s a senior executive position and requires to report directly to the Chief Executive Officer & Managing Director (CEO & MD).  

:: Main objectives

To enrich and develop the Accounts and Financial Management Division, strengthening the accounting capability of the bank,  modernizing  financial  reporting  system,  designing  appropriate  chart  of  accounts  and  expediting  the  ERP implementation  system,  developing  appropriate  accounting  manual  with  ERP  procedure  manual, producing  weekly, monthly, quarterly, half yearly, yearly and other periodical financial statements complying  with rules and regulations of  the Bank Company Act, Bangladesh Bank and Securities and Exchange Commission (SEC) as well as International Financial Reporting  Standard  (IFRSs)/International  Accounting  Standards(IASs),exercise  more  control  on  Bank’s  accounting framework, implementing BASEL-II other ensuring  requirements, successful implementation of  accounting system of the bank in line with full compliance with international  financial reporting standards(IFRSs),BB directives and guidelines, Bank Company Act 1991 etc. Designing the budget and implementation of proper budgetary control system, dealing in corporate tax  issues  and  all  other  issues  relating  to  NBR,  ensuring  safeguard  of  assets  &  liabilities  and  report  to  the   regulatory authorities in time maintaining required CRR/SLR on a regular basis, handling the external audit and other commercial audit, ensure effective internal control & compliance of laws.

:: Major Job Description/Responsibilities

  • To  produce  weekly,  monthly,  quarterly,  half  yearly  and  yearly  statement  of  affairs  in  time  maintaining  quality  and standards and ensure submission of those to regulatory authorities/Board of Directors as per deadline;
  • To prepare financial statements of the bank in compliance with all rules and regulations of Bangladesh Bank (BB) and Securities & Exchange Commission (SEC) as well as International Financial Reporting Standards (IFRSs)/International Accounting Standards (IASs);
  • To  design  appropriate  chart  of  accounts,  software  based  accounting  procedure  manual  &  accounting manual  and  to exercise close coordination and monitoring in implementing  software based accounting system (namely, Computerized Systems/ERP/ Core banking system) in the bank;
  • To ensure proper maintenance of all financial transactions of head office as well as consolidation of all the transactions of the bank;
  • To collect estimated data from different departments, analyze the data, formulate forecast and prepare annual budget, prepare various financial performance reports and produce periodical budget variance reports and  implement effective budgetary control system in the bank;
  • To carry on stress testing activities, produce timely stress testing reports and submit to appropriate authority;
  • To carry on Basel-II implementation activities, maintaining capital adequacy requirement  and  deal with CAMELS issues of the bank in line with regulatory rules and guidelines;
  • To  produce  update  reports  relating  to  treasury  operations  (daily  fund  position,  call  money  lending  &  borrowing, maintaining CRR & SLR, ALM desk activities etc.) including all types of investment activities of the bank;
  • To design the corporate tax plan, calculate deferred tax and its proper incorporation in the books of accounts, ensuring timely  submission  of corporate  tax  return  and  settle  the  pending  tax  issues  in  an  effective manner, dealing with  the Income Tax, VAT and TDS issues effectively and efficiently in compliance with NBR rules and regulations.
  • To  calculate  and  maintain    proper  books  of  records  of  Employees  Provident  Fund  (both  GPF  &  CPF),  SAF  and Benevolent Fund, death benefit fund etc. and conduct actuarial valuation, if necessary;
  • To design the budget, introduce  and implement  proper budgetary control system;
  • Tto ensure that bank’s all  assets and liabilities are monitored and accurately accounted for that  the fixed assets register is maintained and managed with strict adherence to  fixed assets register procedure and  that the monthly payroll tax is completed by the Accounts Department;
  • To monitor annual budgets  including operating and capital expenditure budgets;
  • To handle the issues of external audit, internal audit, Bangladesh Bank audit, commercial audit and other investigations that relate to accounts, tax, VAT etc of the bank;
  • to identify risk area of the bank and  assess risks with mitigation strategy and to monitor seven core risks management activities;
  • to  upload data and reporting through RIT to EDW of BB and to monitor bank’s reporting through RIT;
  • to assess the training need of the accounting personnel, take necessary steps for arranging appropriate training program
  • to enhance the accounting capability of the accounts department and to develop and manage the implementation of a financial and organizational capacity building trajectory;
  • to  lead  on the investigation of possible fraud cases in line with standard procedures;
  • to exercise executive power of General Manager of Accounts Department  and to maintain close liaison with BB, SEC, NBR, MoF, RJSC, external auditors and other authorities, as required;
  • to implement audit & accounts related recommendation made by the  Board of Directors or Board’s Audit Committee of the bank ;  and to carry on other assignment as assigned by Bank Management.

:: Job Nature: Full-time

:: Educational Requirements: Chartered Accountant

:: Experience

At  least  12  years  job  experience  in  banking  and  finance  covering  financial management,  planning,  administration  and budgeting & auditing along with supervisory capability either in renowned commercial bank or Govt. organization/central bank or other international organizations like IMF/ADB/WB etc. Candidates must have clear idea about functions and major  structure  of  financial  statements  of  a  commercial  bank and  in  depth  knowledge  of  Computerized  Systems/ERP (Enterprise  Resources Planning)  implementation  experience  and  clear  knowledge  about  Core  Banking  System,  The Companies  Act-1994,  The  Bank  Companies  Act-1991,  BRPD  &  DOS circulars,  CRR,  SLR,  CAMELS  and  Capital Adequacy Calculation under Basel II, adaptation of first time IFRSs in a bank, Deferred Tax etc.

:: Other Skills and Age Limit

Extensive  knowledge  of  financial  and  administrative  systems;  excellent communications  skill  in  English  (both  oral  and written), self-management including ability to prioritize own workload and work independently and commitment to meet deadlines.  Age will not be over 55 years as on 31 January 2013.

:: Remuneration Package

Attractive  salary  and  other  benefits would  be  offered.  This  shall  be  discussed with the  short-listed candidates,  fulfilling above requirements.

:: Job Location

Head Office, 110 Motijheel C/A, Dhaka.

:: Deliverables

Have to work in close consultation with the CEO & MD throughout the duration of the contract. Initial engagement will be  for  three  years  and  the  next  extension  with  benefits  will  be  considered  based  on  yearly  performance  review.  The deliverables are to be prepared in a format to be agreed upon by the Board/CEO and submitted electronically via    e-mail along  with  hardcopy.  All  deliverables  are  to  be  submitted on  time,  based  on  a  schedule  to be  developed  and mutually agreed upon by the incumbent and the Board/CEO. Key deliverables include, but are not limited to: Annual Work plan: The first work plan is to be submitted within 3 (three) months of commencing work with subsequent draft  work  plans.  Interim  Report:  Half  yearly  reports  detailing  actual  achievement  and  detailed  work  plan  for  next  six months. Other reports as required from time to time.

::  Application Instructions 

If  you  are  confident,  please  send  application  addressed  to  the  CEO  &  MD,  Janata  Bank  Limited,  Head  Office,  110 Motijheel C/A, Dhaka-1000; along with your updated CV & 2(Two) copies of passport size photographs.

Contact address of Janata bank Limited BD
Web-site: www.janatabank-bd.com

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