Financial Analyst

About This Role

About Commercial Bank Of Qatar Commercial Bank, founded in 1975 and headquartered in Doha, plays a vital role in Qatar’s economic development by offering a range of personal, business, government, international and investment services.

We believe in empowering our employees, providing them with opportunities for growth and professional development.

By Joining us, you’ll be part of a workplace culture that fosters innovation, supports work-life balance, and encourages you to reach your full potential.

Join us in shaping the future of banking!

Job Summary Cost Control Tower (CCT)

• Assist the Senior Manager in preparing for the CCT working committee and Exco meetings, by tracking all spend requests presented to the CCT mail box
• Co-ordinate with Business/Spend requestee on structuring memos, providing relevant and accurate information, this includes understanding the nature of requests, budgetary and bank’s procurement requirements and polices in place
• Drafting CCT working committee meeting minutes (weekly basis) and Exco minutes (by-weekly basis) and circulate via email with CCT action points.
• Prepare dashboard with the summaries of the memos, for the EXCO and draft GCEO’s approval email for circulation
• Prepare the final approval confirmation email on the business cases after obtaining the GCEO’s approval along with GCEO’s action points (if any)
• Collate information / statistics on all business cases presented to CCT and prepare dashboard on the overall savings to the bank on a bi-annual basis and to be presented to the CFO.

Financial Control (ICOFR)

• Assist the ICOFR team in coordinating day to day activities, follow ups, documentation and testing of Internal Control Over Financial Reporting (ICOFR)Co-ordinate and follow up with control and process owners
• Perform control testing on design effectiveness of internal controls on an annual basis
• Perform control testing on operational effectiveness of internal controls across the bank on periodic basis – pertinent to controls on monthly, quarterly and yearly basis
• Perform remediation of failed controls and identify with control owners mitigating controls and/or recommend new controls to ensure operational effectiveness
• Assist the Senior Manager in preparation of monthly/quarterly dashboard for management review with controls tested: passed, failed, remediation.
• Assist the Senior Manager other areas of testing and control review in the Financial Statement Close process
• Assist the Senior Manager on co-ordination and submission of quarterly auditor requirements to external auditors

Withholding Tax (WHT)

• Prepare the monthly WHT Return in line with the data submitted by the Accounts Payable team and submit the return on the Dhareeba portal within the specified timeline. (before 15th of next month)
• Review the list of vendors alongside the invoice on a monthly basis to check whether the invoices are taxable based on a provision of service as per the regulations of General Tax Authority (GTA).
• Provide WHT deduction certificates to the vendors
• Arabic translation of the WHT returns and submission in the Tax Portal
• Assisting the Senior Manager in correspondence and interaction with Tax regulators and Other regulatory reporting requirement including QFMA/QSE correspondence
• Assist the team for communication with Regulators – QFC, QFMA, General Tax authority (GTA), QSE etc including Arabic translation

Key Competencies Excellent Communication skills (English and Arabic preferred),

Interpersonal skills, team play and consistency in delivering quality.

Should be excellent with numbers, analytical and logical thinking, pro-active and strong work ethic.

Other Accountabilities Required Qualifications: Bachelor's Degree in Finance + Qualification in ACCA, CIMA, CPA, CMA

Required Experience 3 to 5 years of experience working in a banking / corporate environment

Why Commercial Bank?

• Best Digital Bank in the Middle East 2024 by World Finance and Best Mobile Banking App in the Middle East 2024 by Global Finance.
• An Innovation-Driven, Digital-First Environment where employees work with the latest tools and technologies to redefine banking
• Opportunities for Global Partnerships & International Exposure, connecting employees with global networks and perspectives.
• A focus on Employee Well-being & Work-Life Balance, ensuring a healthy and supportive environment for all team members
• Competitive Compensation & Benefits that ensure our employees are rewarded for their dedication and performance
• A strong Commitment to Diversity, Equity & Inclusion, fostering a culture that values every individual’s unique perspective.

At Commercial Bank, we don’t just offer careers, We shape futures by pioneering digital transformation in Qatar’s banking sector, blending digital-first approach to redefine banking through innovative solutions.

Disclaimer We appreciate your interest in joining CBQ! Please note that only selected candidates will be contacted for further steps in the hiring process. This job posting is for informational purposes only, and CBQ reserves the right to modify, withdraw, or close it at any time without notice.