PO/ SPO – Financial Administration Department

Woori Bank

Woori Bank

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Summary

• Vacancy: —
• Location: Dhaka
• Salary: Negotiable
• Experience: At least 8 years
• Published: 6 Jun 2024

Requirements

Education

Master’s in Accounting, Finance or Management or similar subject / MBA degree from any reputed university with satisfactory academic record of accomplishment; Newly Qualified CA / Party Qualified CAs will be an added advantage.

Experience

• At least 8 years
• The applicants should have experience in the following business area(s):
  Banks

Additional Requirements

• The candidate must have at least Eight (08) years’ experience in any reputed Bank out of which minimum Three (3) years of experience in similar role and responsibilities.
• Sound knowledge on IASs and IFRSs, Banking Companies Act, VAT&Tax Laws and Bangladesh Bank’s rules and regulations.
• Excellent interpersonal, communication skill and leadership quality is much desired.
• Strong analytical ability.

Responsibilities & Context

Woori Bank, the First Commercial Bank of Korea incorporated in 1899, head Quarter located in Seoul, South Korea, operating 877 Branches in Korea and 430 Global Networks in 26 Countries.

Being one of the largest commercial bank of Korea, Woori Bank started its operation in Bangladesh in 1996. During last 27 years in Bangladesh, the Bank expanded its network with 07 Branches (Gulshan, Mirpur, Uttara, Narayanganj, Chittagong, Motijheel and Karwan Bazar) and 02 Customer Service Centre in DEPZ, Savar & CEPZ, Chattogram. The Bank also diversified its portfolio in both Retail and Corporate Banking services to its customer with premium service quality. As part of its Business expansion, Woori Bank is looking for highly deserved candidates for the mentioned position.

Job Responsibilities:

• Ensuring the accuracy in all General Ledger/ Profit & Loss account transactions to ensure the accuracy of Bank’s Trial Balance.
• Preparing the Monthly/Quarterly/Annual Financial Statements as per the format provided by the Central Accounts Department of Head Office and Bangladesh Bank and ensure timely submission.
• Preparation of Annual Financial Statements in compliance with IAS, IFRSs, and Bangladesh Bank’s regulations, deal with external auditors and ensure submission of Audited Financial Statements to Bangladesh Bank within timeline.
• Actively engage in preparation of the Bank’s short term, mid-term and long term Business Plan and Financial Plan.
• Active engagement in restructuring the Staff Salary and remunerations with a view to reduce the corporate tax liability.
• Ensure proper management of Banking Book and Trading Book assets of the bank to ensure maximum returns and maintain adequate CRAR with acceptable financial leverage.
• Prepare the Quarterly BASEL Report and Annual BASEL Disclosure for the Bank, manage the external credit rating of the customers in order to maintain a minimum RWA.
• Supply of necessary financial and analytical data on financial statements of own and peers to the Management and helps in decision making process.
• As a core member of the Team he/she will be actively engage in management of ALM or Balance Sheet Risk and trade-off between risk and returns to ensure a sustainable bottom-line.
• Engage in preparation of CAMELS Report, ensure all data submitted accurately on time to the Rating agency/Authority (BB) to obtain a better CAMELS rating.
• He or she will be engage in corporate Tax Planning and will actively engage in the computation of Tax Liabilities of the Bank, make monthly and annual tax provision in consultation with the Tax consultant and to prepare and submit the Tax Return to Tax Authorities on time without errors or omissions.
• Involve in Annual Tax Audit and VAT Audit of the Bank and work closely with the Tax Authorities to optimize tax benefits.
• He or she will be responsible to prepare all periodic reports to Head Office and Bangladesh Bank like, DIP, FPM, NSFR, QRR, BASEL etc. and maintain a sound relationship with all the regulators; Timely submission with highest degree of accuracy is expected.
• Calculation of Periodic provision on other assets and pass necessary entries, identify and account for the “Non-Banking Assets” of the Bank and ensure regulatory reporting.
• Review the Bank’s Schedule of Charges in compliance with Bangladesh Bank regulations and ensure periodic reporting to BB.

Compensation & Other Benefits

Allowances & Benefits: Different allowances and benefits as per Bank’s rules.

Employment Status

Full Time

Job Location

Dhaka

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