REF: DCS / FA/03/ 2017
Reporting to the Assistant Manager, Financial Analysis, the Financial Analyst will undertake the following:
Review applications for approval and licensing of market intermediaries
Review prospectuses for potential or actual material accounting or financial reporting deficiencies to ensure investors are provided with accurate information on which to base their investment decisions
Conduct analysis of financial statements submitted in support of applications by issuers of securities such as approval of bonus, rights issues and Initial Public Offers as well as corporate bonds, commercial papers and asset backed securities to ensure compliance with capital markets rules and regulations
Conduct analysis and examination of financial statements of companies prior to the listing or issue of their securities
Review analysis of financial data and method used by issuers of securities to arrive at the prices at which securities should be offered to the public in order to determine their objectiveness
Analyze financial statements to ensure that financial reporting of licensees and issuers of securities is in line with the requirements of IFRS
Maintain and update databases relating to financial data, including submission of accounts, publication of financial statements, summaries of financial analysis, etc,
Compare financial information submitted to the authority by licensees and issuers of securities with the published financial statements and highlight any inconsistencies
Monitor changes in IFRS and note if the same is being adopted by licensees and listed companies
Assist in the review of indicators and incidents of financial fraud, creative accounting, fraudulent market operations like insider trading and money laundering as well as failures to meet regulatory obligations and provide evidence needed for administrative and legal sanctions in line with CMA requirements; and
Any other duties as may be assigned from time to time
Minimum Requirements
Bachelor’s Degree in Business Studies, Finance, Accounting or any other related field
Professional qualifications in CPA, CFA, ACCA or equivalent
Experience:
Minimum of two (2) years’ experience in audit of big companies, preparation of financial statements, analysis of company accounts or equivalent experience.
Key skills, Knowledge & Competencies
Knowledge of financial and accounting procedures in relation to capital markets operations as well as financial sector operations
Knowledge and understanding of IFRS and their application in the preparation of financial statements
Ability to effectively interpret financial information
Good presentation and communication skills including the ability to write proper reports
Proficiency in computer applications such as Microsoft Word, Excel, Access, PowerPoint and Outlook
Interpersonal and cross-cultural skills
Demonstrate the right attitude towards work and willingness to continuously learn
Ability to maintain high standards of integrity; establish straightforward, productive relationships
Ability to treat individuals with fairness and respect, demonstrating sensitivity for ethnic, cultural and gender differences.
Ability to work well in a team
Ability to meet tight deadlines as well as work with minimal supervision
Strong organization and analytical skills as well as keenness to details
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