Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by the International Finance Corporation (IFC of World Bank Group), Asian Development Bank, and HDFC Bank Ltd. of India, jointly holding 51% of shares. 

Job Description

 1.   Financial Accounting & Month-End Closing

• Lead the monthly and annual financial close processes, ensuring all transactions are posted within timelines and aligned with IFRS.
• Prepare and post journal entries to the accounting system.
• Ensure the completeness and accuracy of financial records by reviewing trial balances and general ledger activity.
• Monitor daily accounting operations, including revenue recognition, expense processing, and cash flow entries.

 2.   ERP & Systems Oversight

• Ensure accuracy in automated financial postings and mappings from related operational modules (e.g., loan disbursements, collections, vendor payments).

 3.   Financial Reporting & Compliance

• Prepare periodic financial statements and management accounts in accordance with IFRS.
• Compile and submit regulatory filings including tax returns, MMA reports, and other reports.
• Ensure timely publication of quarterly and annual reports as per internal and regulatory deadlines.
• Monitor compliance with internal financial controls, accounting policies, and applicable laws.
• Provide insights to the CFO and senior management on financial performance, risks, and opportunities.

 4.   Audit & Internal Controls

• Coordinate with internal and external auditors during audits and reviews, ensuring timely submission of audit schedules, supporting documents, and reconciliations.
• Address audit queries and follow up on implementation of audit recommendations.
• Maintain proper documentation and audit trails in both physical and ERP environments.

 5.   Budgeting & Forecasting

• Assist in the development of the annual budget and periodic forecasts in collaboration with business units.
• Monitor actual performance against budget and report material variances with commentary.

 6.    Investment & Treasury Operations

• Ensure investment and Borrowings registers and schedules are reconciled with relevant GL Accounts.
• Track maturity schedules, expected returns, and ensure timely profit share payments.
• Support treasury functions including cash position monitoring and fund allocation planning.

Job Requirements & other competencies

• Bachelor’s degree in Accounting or ACCA applied Skills level or equivalent qualification in a related field.
• Minimum 3 years of experience in the accounting field.
• Strong understanding of IFRS.
• Experience with ERP systems is an added advantage.
• Excellent attention to detail, analytical thinking, and organizational skills.
• Strong communication and interpersonal abilities.

Salary: Salary ranging from MVR 23,000 to MVR 25,000 commensurate with qualifications and experience.

Other Benefits:

• Staff Health Insurance Plan
• Staff Loan Scheme
• Annual Bonus
• Training and development opportunities.

Working Hours: The selected candidate will be required to work from 08:00 to 16:00 hrs., from Sunday – Thursday.

Application process: Interested candidates are requested to fill out the application form and submit the required documents via the following link:

https://form.jotform.com/243588907905471

Deadline for submission: On or before 30^th June 2025, 2:30 PM

Note: Only shortlisted candidates will be contacted for an interview.

Human Resource Department

Housing Development Finance Corporation Plc., 3^rd Floor,

Tel: +960 3334666; Fax: +960 3315138; email: [email protected]