Regulated DIFC

Outsourced Finance Officer for a Regulated Entity-DIFC

Outsourced Finance Officer for a Regulated Entity-DIFC


Companies regulated by the DFSA are required to have a Finance officer (FO) with relevant experience to oversee Finance & Accounting function to ensure IFRS and PIB compliance.

Responsibilities of the Finance Officer:

  • Company’s compliance with the DFSA PIB module, as an Authorised Individual;
  • Submission of Company’s PIB returns through EPRS in a timely manner;
  • Provide regular capital adequacy reports to the SEO and the Board, as agreed;  
  • Providing timely reports to the SEO and/or the Board on (i) Capital Resources; (ii) Risk Capital Requirements; and (iii) liquid assets;
  • Preparation of budgets and financial projections; anticipating issues, stress events and ensuring that the Company maintains adequate Capital and liquid Resources at all times;
  • Overseeing finance and accounting functions, ensuring that the accounts are maintained according to IFRS and applicable rules;
  • Establish and monitor the implementation of the Company’s financial policies, procedures, systems and controls;
  • Monitor and review financial transactions;
  • Monitoring the financial aspects in the internal audit function and liaise with the CO&MLRO as may be required, in relation to the Company’s financial aspects; and
  • Liaise with the external auditor to get their opinion on the financial statements and agreed-upon-procedure report on PIB.

Why should you hire an expert Outsourced Finance Officer from Crowe?

Having our outsourced Finance Officer means that your company can focus on core business activities without worrying about the financial requirements and obligations that Regulated companies are subject to. Moreover, it is much more cost effective and efficient. At Crowe, we have rich experience, well established and developed relationships with many of our clients as their trusted choice for outsourced Finance Officer.

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Nawaz Saiyed
Partner DIFC - Risk Consulting