• Deadline: Sat 12 Mar 2022
  • Head of Payments & Asset Management, Finance Division

    • BRAC Bank Limited
    • Dhaka, Bangladesh
  • Full-time
  • Negotiable

  • Apply

      Gender

    • Both males and females are allowed to apply

      Organization Type

    • Financial Institution

      Number of hires for this role

    • Not specific

      Benefits

      • As per company policy.

      Academic Qualifications

      • Business Graduate from a well-recognized UGC-approved institution preferably major in Finance/ Accounting with a professional degree (FCA Or CA, FCMA or CMA or equivalent) required.

      Experience Requirements

      • A minimum of 5 years work experience in the relevant field;

      • Experience in cost control mechanism and fixed asset management;

      Skill Requirements:

      • Sound knowledge on accounting standards IFRSs and IASs;

      • Knowledge in VAT & Tax rules, Bangladesh Auditing standards, and Bangladesh Bank rules;

      • Knowledge of insurance policy, claim settlement;

      • Working knowledge of Oracle ERP (Oracle, SAP) will be an added advantage;

      • Strong command over Microsoft office package and conceptual understanding of banking/financial software;

      • Ability to lead a dynamic team independently;

      • Expert in customer centricity, team player, and keen to develop others.

      Job Responsibilities

      • Monitor payment processing to ensure timeliness and accuracy of payment;

      • Review compliance with applicable VAT & Tax rules upon payment processing

      • Ensure timely submission of monthly/Quarterly/Half yearly/yearly reports to Regulatory Reporting team for submission to Bangladesh Bank;

      • Ensure timely submission and review of monthly GL reconciliations to Account Reconciliation team;

      • Respond to all kinds of Bangladesh Bank queries on regular and special audit reports relating to expenses, assets, and insurance;

      • coordinate internal & external audit teams and provide feedback on their queries and implementation of audit observations;

      • Participate in negotiation meetings and ensure the company's best interest in that negotiation;

      • Review organization’s policy and business processes, identify the risks, suggest for development to mitigate those risks and escalate to a higher official for further actions;

      • Monitor & supervise the proper accounting practices as per International Financial Reporting Standards (IFRS) and review the journal entry posting;

      • Supervise, lead & motivate the team to work and ensure a good working environment;

      • Review and assist on operational budget and preparation work for capital expenditure budget;

      • Provide training and arrange knowledge sharing sessions among teammates to ensure technical and professional development of the team;

      • Supervise and review monthly accounting of provisions, accruals, depreciation calculation, and project status;

      • Guide all related stakeholders about the payment procedure, fixed asset policy, insurance policy, and all ad-hoc queries;

      • Submit on time management reporting, cost analysis, and cost optimization process.

      Job Description

      BRAC Bank, the pioneer of SME Banking in Bangladesh, delivers a full array of banking services to individuals and business entities. Its financial results, along with the best credit rating from the top-rated global and local agencies and multiple best financial report awards, speak of the bank`s aspiration, transparency, and teamwork towards becoming the best bank in the country.
      Currently, BRAC Bank is looking for Head of Payments and Asset Management to join the team.

      Contact Information

      Address

      BRAC Bank Limited

      Anik Tower

      220/B, Tejgaon Gulshan Link Road

      Tejgaon, Dhaka 1208

      E-mail

      enquiry@bracbank.com

      Phone

      +88 02 8801301-32; 09677551001-31;

      Fax

      +88 02 222298910

      24 Hour Call Center: 16221

    Apply Procedure

    Interested candidates may apply through the above-mentioned link.

    Job Summary

    Published on: Tue 08 Mar 2022

    Vacancy: Not specific

    Salary: Negotiable

    Preferred Age: Not Specific

    Gender: Both males and females are allowed to apply

    Job Location: Dhaka, Bangladesh

    Employment Type: Full-time

    Application Deadline: Sat 12 Mar 2022

    Company Profile

    Head of Payments & Asset Management, Finance Division

    BRAC Bank Limited

  • BRAC Bank Limited
  • Website
  • About Company
    BRAC Bank Limited began with the vision to provide banking solutions to the ‘unbanked’ Small and Medium Entrepreneurs. Taking inspiration from its parent organization BRAC, the largest NGO in the world, BRAC Bank introduced small-ticket loans to the small and medium enterprises (SME), to specifically bring the grassroots entrepreneurs under the View More More Jobs from the Company

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