Description
We are seeking an Analyst- Impairment reporting to evaluate and assess the potential impairment of financial assets, ensuring that the bank's financial statements accurately reflect the economic value of its assets.
Accountabilities:
- Identify potential impairment triggers, analyse relevant financial and non-financial information to assess the potential for impairment of financial assets, and apply quantitative and qualitative impairment tests to determine whether an asset is considered impaired.
- Assess the impairment loss for an asset by identifying the right valuation method, assessing its fair value, and documenting the process.
- Calculate the impairment provision to reflect the impairment loss and prepare clear and accurate impairment disclosures for financial statements.
- Manage the performance of impaired assets and reassess their impairment status on a regular basis.
Analyst Expectations:
- Perform prescribed activities in a timely manner and to a high standard, consistently driving continuous improvement.
- Require in-depth technical knowledge and experience in their assigned area of expertise.
- Thorough understanding of the underlying principles and concepts within the area of expertise.
- Lead and supervise a team, guiding and supporting professional development, allocating work requirements, and coordinating team resources.
- Demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard.
Requirements:
- University degree or equivalent.
- Qualified accountant/MBA with an understanding of a relevant functional area such as financial reporting.
- Strong analytical skills: ability to analyse complex data sets and derive actionable insights.
- Proficient Excel skills: strong hands-on experience in managing MS Excel workbooks, performing data manipulations, transformations, and reconciliations.
- Problem-solving ability: strong critical thinking to identify issues and develop solutions.
- Team player: proven ability to collaborate effectively within a team environment.
Preferred Skills:
- Knowledge of IFRS9: familiarity with the expected credit loss and IFRS9 standard is preferred.
- Credit risk management: understanding the credit risk management principles and practices.
- Familiarity with financial services industry and market is preferred.
- Ability to work in a pressured environment and cope with the demand of working to tight deadlines.
- A high level of commitment and enthusiasm.