Chief Finance Officer

About Islamic Bank of Afghanistan

One of the leading Islamic banking and finance institutions in Afghanistan, Islamic Bank of Afghanistan has been serving as a banking organization integrated with the Law of Banking in Afghanistan and licensed under Da Afghanistan Bank (DAB). Since 2009, Islamic Bank of Afghanistan has been working under the acquisition of Azizi Group, a 100% subsidiary of Azizi Bank. As of now, the IBA has established 62 branches across the country with over 800 highly trained and skilled professionals. The bank is committed to foster a sound financial body with a vision to ensure the greatest safety and security to its clientele.

Job Summary

Responsible for the finance, accounting, and reporting functions, including quarterly and annual financial statements; business plans; forecasts; management reporting; Da Afghanistan Bank returns; business strategy; funding options; accounting records; and accounting policies.

Duties & Responsibilities

Business plan – prepare the annual business plan; prepare periodic financial projections during the year; prepare the 5-year strategic plan; ensure the financial targets are achieved through variance reporting and discussion with division heads.

Funding – work with the Treasurer to diversify sources of funding in most flexible and cost-effective manner.

Strategy – assist the CEO in formulating the optimum future strategy.

Objectives – assist CEO in formulating annual objectives for division heads.

Financial reporting – prepare interim financial statements and annual financial statements for review/audit by external auditors.

 Management reports – prepare management and statistical reports for management and Asset Liability Committee (ALCO), including (where relevant) departmental income and expenses, product profitability, and customer profitability.

Accounting policies – establish and maintain all accounting policies, in accordance with IFRS.

Central Bank returns – prepare and submit periodical statistical and prudential returns as per Da Afghanistan Bank's requirement.

Central Bank meetings – prepare financial data for meetings and attend as required.

Transactions - ensure all daily transactions are correctly recorded in the accounting system.

Fixed assets – tag all items; maintain a computerized listing; confirm existence and location through regular physical verification.

Balance reconciliation – perform a reconciliation of every asset and liability account periodically (preferably on month ends).

Chart of accounts – prepare and maintain the chart of accounts manual.

Centers – ensure the cost center structure is adequate to track departmental revenues and expenses for budgetary control.

Expenses – supervise the raising of expense cheques, ensure within budget, ensure cheques are correctly approved and accounting entries are correct.

Accounting systems - liaise with the I.T. Department on required changes to provide state-of-the-art integrated systems; report all system problems promptly.

Board meetings – assist the CEO in preparing agendas, writing minutes, assembling board reports, arranging proxies, and related correspondence.

Committees – be a member of the Management Committee and ALCO.

Correspondence - prepare all required internal memos and external correspondence.

Manuals - ensure Accounting and Finance policy and procedure manuals are prepared for all activities, regularly updated, and fully complied with.

Knowledge and contacts - remain current on market developments including new products, government regulations, central bank regulations, and major accounting standard changes; maintain required contact with external parties.

“Ad hoc” reports – prepare as requested by the CEO.

Supervision - supervise and assist as required all direct reports and ensure all tasks (including his duties) can be performed by a minimum staff.

Other tasks - perform all other applicable tasks and duties within the realm of his knowledge, as directed by the CEO.

In-depth knowledge of double-entry bookkeeping, IAS (International Accounting Standards), International Financial Reporting Standards (IFRS), and GAAP (Generally Accepted Accounting Practice).

In-depth knowledge of at least one leading banking or finance accounting package.

Knowledge of common types of investments including bonds/securities, funds, hedge funds, equities, and financial instruments/derivatives.

Knowledge of principal bank products and services including money market, Forex and funds transmission.

Familiarity with economic terms and ratios.

Knowledge of central bank rules and regulations.

Familiarity with the international banking sector.

Familiarity with Word, Excel, PowerPoint, and other commonly used software packages.

Excellent written and spoken English, with Dari and Pashto

Job Requirements

Master's degree in commerce, economics, accountancy, business studies, mathematics, or related discipline (required).

ACCA membership in Accounting and Finance is preferred.  

Accountancy qualification or MBA.

Minimum of 7 years relevant experience similar to the above gained in a bank, latterly at manager level or above.

Minimum of 7 years supervisory experience.

Proven administrative and managerial expertise; innovative; able to motivate and develop a strong team; have the required professional bearing and interpersonal skills to interface effectively with senior management and external parties.

Submission Guideline

interested candidate should send their CV to vacancy@ibafg.af and copy info.ibfd@dab.gov.af

Functional Area

Management

Accounting/Finance

Banking

Business Administration

Countries

Afghanistan

Provinces

Kabul

Submission Email

vacancy@ibafg.af

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