AVP- Business Finance - IT

Job Description

Generic AccountabilitySupervision

• Assist in supervision & training of 2 Specialist UAEN FTE & SoW resources focusing on upskilling/training, review and checking of their work. 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.

Job Specific AccountabilitiesBudgeting and Financial Performance

• Monitor & overview 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.

Reporting

• Prepare departmental statements and reports timely and accurately to meet Business and/or department requirements, policies and quality standards.

• Participate in maker/checker role re the processing of budget adjustments concerning enablement functions by maintaining budget adjustment tracker, preparing adjustment entries in OneSumX and check for the correctness after adjustments are processed.

• Supervise Specialist FTE to ensure necessary accruals are posted for all units assigned as business finance and be a point of contact for other Enablement functions.
• Participate in maker/checker role re passing and verifying required financial entries in the system related to accruals, month-end adjustments.

• Verification of AOV submitted for GLs owned by Cost Management team.

Specific Accountability

• Finance Business Partnering to assigned Enablement functions and stakeholders Maintain and build strong relationships with senior business stakeholders in UAE and Internationalcountries.
• Prepare monthly Financial Business Review for assigned Enablement functions Respond to any other adhoc requests and matters and provide insight & analysis by preparing customized reports for respective business areas for both UAE and Internationallocations.
• Prepare Annual budgeting and Year-endreports.
• Provide guidance and financial review on any Finance related topic such as Capex/Opex treatment BCD documents, Booking entries, requisitions & POs, Allocation methodology etc
• Define the structures/processes required for the management of financial planning data and costs, as well as for the proper allocation ofcosts.

QualificationsMinimum Qualification

• Must have Bachelors degree.
• Desirable: - Chartered Accountant/ Masters in Business Administration (MBA) or any other relevant finance degree or diploma.
• Microsoft Office skills (Excel, Word, Outlook)

Minimum Experience5 years relevant experience in similar function Additional InformationBusiness partnering role assisting the VP Finance BP for Group Technology is responsible for building and maintaining strong professional relationships with the stakeholders of these functions. The AVP Finance BP is expected to assist on financial and resource utilization matters provide information to assist in influencing decision-making by delivering analysis and insight on business risks & opportunities as well as improve the understanding of business financial performance.Secondary purpose is to manage the accrual process for enablement functions, processing of budget adjustment for enablement/others specifically assigned by management as appropriate and handling the tasks assigned by VP and Head-Cost Enablement which includes but not limited to budgeting exercise, cost analysis for higher management.

Keyskills :

About Company

FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.