AM Accounts - Islamic Banking

Department: Central Finance & Accounts

Reports To: Executive Manager Accounts - Islamic Banking

Job Grade: OG-I

Total Position : 01

Location: Head Office, Islamabad

What is AM Accounts - Islamic Banking – MMBL?

The AM Accounts - Islamic Banking will assist in the computation and distribution of profit and loss to depositors, the tracking and movement of financing/investment assets, and the allocation of income and expenses. This role requires strong attention to detail, the ability to collaborate with different teams, and a willingness to learn about Islamic banking principles and practices. The position holder will also support the Shariah Compliance Department to ensure that all calculations and financial activities are accurate and compliant with Shariah guidelines.

What AM Accounts - Islamic Banking – MMBL Does?

Financial Processing Support:

• Assist in the accurate computation and distribution of profit and loss to depositors, ensuring that all calculations align with Shariah principles.
• Support the tracking and movement of financing and investment assets, ensuring records are accurately updated and maintained.

Asset Tagging and Management:

• Help with tagging financing and investment assets, ensuring proper documentation and alignment with financial records.
• Assist in monitoring the movement of assets and provide updates to senior team members as needed.

Income and Expense Allocation:

• Support the periodic allocation of income and expenses, ensuring that allocations are accurately recorded in compliance with internal policies.
• Assist in preparing and reconciling financial data for reporting purposes.

Collaboration with Shariah Compliance:

• Assist the Shariah Compliance Department in reviewing calculations related to profit distribution and ensuring Shariah compliance.
• Help audit and verify calculations to ensure that all financial operations meet the required standards.

Team Support:

• Provide general support to the team, assisting with day-to-day operations and helping complete tasks within set deadlines.
• Participate in team meetings and contribute to discussions, learning about Islamic banking practices and improving knowledge of processes.

Process Improvement:

• Help identify and recommend process improvements to streamline daily tasks and increase operational efficiency.

Ad Hoc Tasks:

• Assist with other tasks and assignments as directed by management, contributing to the overall success of the Islamic Banking team.

What are we looking for and what does it require to be AM Accounts - Islamic Banking - MMBL?

• ACMA/ACCA/CA finalist/ MBA Finance/ MCom/ Islamic Banking Certification.
• Minimum 1-2 years’ experience in Islamic Banking pool Management
• Skills of M.S. Office Excellent communication, and analytical skills.
• Strong interpersonal skills and stakeholder management.
• Excellent adaptability and teamwork skills.
• Ability to work in a fast-paced and dynamic environment.
• Statements in this document are intended to reflect, in general, the role and responsibilities of the position, but are not to be interpreted as totally inclusive.

About MMBL:

Mobilink Microfinance Bank Ltd. is providing banking services to over 48 million registered users including 20+ million monthly active customers across Pakistan. With a hybrid model that combines traditional microfinance with mobile/digital banking technologies, the bank now operates with over 114 branches and 270,000 branchless banking agents and provides a USSD (GSM) based digital channel offering savings, micro enterprise (MSME) loans, small housing loans, remittances, collection (utility bills and loan instalments), mobile wallets, insurance, G2P, B2B & B2P payments; thus, playing a leading role in the promotion of financial inclusion. MMBL is committed to fostering a positive and productive workplace, and our core values reflect this focus. These values include promoting innovation and entrepreneurship, encouraging teamwork and collaboration, and prioritizing a customer-centric approach in all aspects of our business.

Why Join MMBL?

This is an opportunity for someone who is passionate about making a difference and playing a key role in driving transformative change. Our team is committed to empowering millions with the tools necessary to succeed in the digital age, and we're looking for a talented individual to join us in this endeavour.