Impairment Analyst

SSMC Group is a dynamic, industry-leading company based in Mesaieed, Qatar, specializing in innovative financial services and solutions. With a commitment to excellence and continuous improvement, we offer tailored services that help businesses optimize their financial operations. Our team is made up of forward-thinking professionals who are dedicated to maintaining the highest standards of integrity and quality. As we continue to grow, we are seeking an experienced Impairment Analyst to join our team and support our financial reporting and risk management functions.

Position Overview
SSMC Group is looking for an Impairment Analyst to manage and analyze impairment-related transactions and financial assessments. This key position will focus on identifying, assessing, and reporting impairments within financial portfolios, ensuring compliance with relevant accounting standards (IFRS 9, IAS 36) and providing valuable insights into the company’s financial health. If you have strong analytical skills, a deep understanding of financial reporting standards, and a passion for risk management, we’d love to hear from you.

Key Responsibilities

• Impairment Assessment: Review and assess impairment on financial assets, including loans, investments, and receivables, ensuring compliance with IFRS 9 and IAS 36 standards.
• Financial Reporting: Prepare detailed reports on impairments for management, ensuring accuracy, timeliness, and transparency in all financial disclosures.
• Data Analysis: Analyze financial data and trends to identify potential impairments in assets, using both quantitative and qualitative methods.
• Provisions & Write-offs: Calculate provisions for impairment and ensure that appropriate write-offs are made, in line with company policies and accounting standards.
• Regulatory Compliance: Ensure all impairment calculations and related financial statements comply with local and international accounting regulations.
• Scenario Analysis: Conduct stress testing and scenario analysis to assess the impact of adverse conditions on the impairment of assets, providing insights into risk exposure.
• Collaboration: Work closely with other departments, such as finance, risk management, and compliance, to ensure alignment in the impairment assessment process.
• Audits & Documentation: Support internal and external audits by providing the necessary documentation and explanations for impairment-related matters.
• Continuous Improvement: Identify opportunities to enhance the impairment analysis process and implement improvements to increase efficiency and accuracy.

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• 3-5 years of experience in financial analysis, impairment assessment, or related fields, preferably within banking, financial services, or accounting firms.
• Strong understanding of impairment models under IFRS 9, IAS 36, and local regulations governing asset impairment.
• Proficiency in financial analysis tools and software (e.g., Excel, SAP, Oracle).
• Solid knowledge of financial reporting, accounting standards, and risk management principles.
• Strong attention to detail and the ability to work with large datasets, ensuring accuracy in all financial calculations and reports.
• Excellent problem-solving skills and the ability to analyze complex financial data.
• Strong communication skills, with the ability to explain complex financial concepts clearly to management and stakeholders.
• Fluency in English (Arabic proficiency is a plus).
• Professional certifications (e.g., CPA, CFA, FRM) are highly desirable.

Why SSMC Group?

• Competitive Salary & Benefits: We offer a competitive salary, health insurance, and performance-based bonuses.
• Career Growth: SSMC Group offers excellent opportunities for career advancement and professional development in the financial services industry.
• Collaborative Environment: Join a supportive and dynamic team where your contributions are valued, and your career aspirations are supported.
• Impactful Work: Play a key role in ensuring the company’s financial health through effective impairment management and risk mitigation strategies.
• Mesaieed Location: Enjoy the benefits of living and working in Mesaieed, a strategic business hub in Qatar with excellent facilities, housing options, and a thriving expat community.

How to Apply
If you are an experienced Impairment Analyst with strong analytical skills and a passion for financial reporting and risk management, we invite you to apply. Please submit your updated resume and a cover letter detailing your experience and how you can contribute to the success of SSMC Group.

Pay: QAR208,000.00 per year

Work Location: In person