Director Financial Planning And Modelling

About the Company

Khalifa University of Science and Technology is committed to providing a safe and healthy work environment. This document is the Property of Khalifa University of Science and Technology, and should not be distributed, used and given to any outside party without prior authorizations.

About the Role

The Director of Financial Planning and Modelling is responsible for leading the university’s financial planning, budgeting, forecasting, and financial analysis functions. This role involves providing accurate and strategic financial insights, guiding budgetary decisions, and supporting long-term financial planning.

Responsibilities

• Strategic Responsibilities
• Drive the formulation of the Department's strategy, as well as annual business plans.
• Develop the Department’s policies and procedures, adhering to the overall business objectives of the University, ensuring they promote leading practices and excellence.
• Develop and manage the Department’s budgets; monitor the performance of budgets and report back on a timely basis to ensure that divergences are addressed promptly.
• Operational Responsibilities
• Develop and maintain long-range financial models that support the university’s strategic goals.
• Collaborate with various departments to build and refine financial models, and drive the university’s fiscal health through rigorous financial planning and analysis.
• Provide multi-year financial projections, scenario analyses, and financial insights for leadership decision-making.
• Participate in the annual budgeting process, coordinating with departments to align with university objectives and constraints.
• Build, update, and enhance complex financial models to analyze the financial impact of key university initiatives.
• Conduct variance analyses to identify trends, opportunities, and risks within the university’s financial framework.
• Generate comprehensive financial reports and dashboards for executive leadership, the Board of Trustees, and other stakeholders.
• Monitor and evaluate budget performance, ensuring adherence to budgeted expenses and identifying areas for cost savings.
• Analyze internal and external financial data to provide recommendations for resource allocation, cost optimization, and revenue generation.
• Advise university leadership on the financial viability of potential programs, partnerships, and investments.
• Work closely with enrollment management, fundraising, and research departments to model and predict revenues from diverse sources.
• Oversee compliance with all financial policies and reporting standards, and relevant government guidelines.
• Lead and mentor a team of financial analysts, providing training and development to ensure effective financial planning support across the university.
• Collaborate with university management, faculty, and staff to present and discuss financial plans, forecasts, and analyses.
• Ensure adherence to the University's information security policies and procedures, and report breaches or other security risks accordingly.
• Ensure coordination with other departments to facilitate the accomplishment of tasks and responsibilities, as and when needed.
• Demonstrate a strong commitment and practice to maintaining a safe and healthy work environment.
• Perform any other tasks assigned by Line Manager.

Qualifications

• Required Qualifications
• Bachelor’s degree in finance, Accounting, Economics, or a related field; Master’s degree (MBA, master’s in finance) or CPA/CMA designation preferred.
• Required Experience
• A minimum of 12 years of experience directly related to the duties and responsibilities specified, of which 5 years should have been in a senior managerial position, preferably in higher education.

Required Skills

• Communication
• Collaboration
• Client Focus
• Drive for Results
• E-Expert
• Quality
• Accountability
• Adaptability
• Learning
• Initiation

Preferred Skills

• Management & Development of others
• Leadership Development
• Motivation and Engagement
• Decisions Making & Problems solving
• Strategy Development
• Change Management

Pay range and compensation package

Details regarding the pay range or salary or compensation are not specified in the provided job description.

Equal Opportunity Statement

Khalifa University of Science and Technology is committed to diversity and inclusivity in its hiring practices.