Manager Business Finance - WBG Emiratized

JOB PURPOSE:

•To assist in discharging duties related to cost management of the enablement functions and business units. 

• Provide monthly financial reports to Support Divisions with detailed variance analysis and focus on cost analysis etc.

• Owner of the end-to-end Cost Allocation process for the Group.

KEY ACCOUNTABILITIES:

Generic Accountability 

• provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement Of team objectives and completion Of tasks in a timely and efficient manner. 

• Promote the organizations core values and ethics in all activities Within the team & wider organization to support the establishment Of a value driven culture Within the bank. Budgeting and Financial Performance 

• Monitor & overview Cost Allocation financial performance Of a given area Of activity versus budget and ensure all activities are carried out in line With the approved guidelines while reporting on any variances to management. 

• Identify risks & opportunities & advise management on measures to facilitate further decision making. 

Policies, Systems, Processes & Procedures

• Provide inputs and implement policies, systems and procedures for the assigned team so that all relevant procedural/legislative requirements are fulfilled while delivering a quality & cost-effective service. 

Continuous Improvement 

• participate in the identification Of opportunities for continuous improvement and sustainability Of systems, processes and practices considering global standards, productivity improvement and cost reduction. 

Reporting 

• prepare sectional statements and reports timely and accurately to meet Business and/or department requirements, policies and quality standards. • TO Manage the end-to-end Cost Allocation process for the group. 

Job Specific Accountabilities / KPIS Month End, Reporting and Cost Allocations 

• Manage the month end Cost Allocation Process for FAB UAE Enablement functions. 

• Preparation and development of the monthly MI reports for the enablement functions cost allocations and handle reporting issues for the same. 

• Provide analysis of re Enablement functions cost allocations actuals etc. to relevant stakeholders as well as identifying actions for corrective measures. 

• Implementing various reports at the request of stakeholders. 

• Analysis of the cost allocation charges and providing adjustments where necessary. 

• Assist in the Budget process for enablement functions cost allocations and in setting up the budget templates.

QUALIFICATIONS AND EXPERIENCE:

Minimum Qualification 

• Must have bachelors degree. 

• Required: • Professional qualified Accountant (CA, ACCA etc.) or masters level qualification. 

Minimum Experience 

• years relevant experience in the banking sector with at least IO years in similar positions of progressively increasing managerial responsibilities in the Finance function. 

• Demonstrated ability to successfully manage and motivate a team of Finance professionals.

 • Experience in leading a team and working with senior/ management stakeholders on a daily basis.

 • Ability to respond to and resolve issues & needs within team as well as business stakeholders.

 • Must be detail-oriented but not lose sight of the big picture. Ability to multi-task and work under pressure while delivering high quality results is crucial