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 organization's 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 bachelor's degree. • Required: • Professional qualified Accountant (CA, ACCA etc.) or master's 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