AVP - Project Finance Manager - Emiratization

James Douglas Middle East; Dubai; On-site; AED 300,000 - 420,000; Full time

Job summary

A leading financial services organization in Dubai is seeking an AVP - Project Finance Manager. This role involves managing financial reporting for tech projects, ensuring compliance, and collaborating with stakeholders. The ideal candidate will have a Masters in Finance or similar, along with 5-8 years of relevant banking experience and strong analytical abilities.

Qualifications

• 5-8 years of experience in the banking industry managing technology projects.
• Proficiency in project/financial software and tools.
• Strong problem-solving skills.

Responsibilities

• Manage financial reporting for bank-wide tech projects.
• Provide timely financial reports to stakeholders.
• Coordinate with Project Managers for capitalization and recording.

Skills

Analytical ability

Stakeholder management

Project management

Financial analysis

Education

Masters in Finance or CA/MBA Finance

Tools

Oracle

Job description

AVP - Project Finance Manager - Emiratization

About the job AVP - Project Finance Manager - Emiratization

Our client is a well‑known large financial services organisation based in the UAE. They are looking to hire a Project Finance Manager at an AVP level.

Job Purpose

The job holder will be responsible for managing the Governance and the Project Financial Reporting of bank‑wide related (Tech) projects, while working closely with specifically with the Head of Tech / Head of Transformation office. The Project Finance Manager will review financial business cases of Tech projects, drive the Tech related Budget Management for Tech and the various business and functions, provide timely financial reports to the stakeholders, Identifying and mitigating Financial Risks, Complying with Internal Policies and regulations, ensuring coordination with Project Managers for timely capitalisation and recording of Assets, Assist Transformation Office in overall Governance of the Projects.

Key Result Areas

• Work with the transformation office in driving and the Tech Project Financial reporting of bank‑wide related projects (for all business and functions) in close alignment with the Transformation Office.
• Critical Financial evaluation of the Executive summary / Capex proposals and ensure all elements are captured as per the standard
• Ensure all relevant documentation and approvals are stored in the Central Project repository
• Creation of the Project in the Oracle system and assigning the Budget as approved and monitoring the same.
• Provide timely financial reports/dashboards to the stakeholders on the project financials.
• Coordination with Project Managers, Transformation Office, CAD for the timely capitalization of the Projects and recording of Fixed Assets as per the Policy.
• Alert the Management / Transformation Office on the cost overrun, excess underutilization / non‑non‑utilization of budgets, etc., on a timely manner.
• Validate for the correct chargeability, usage of appropriate Item codes, GL in Oracle I procurement.
• On Project closure, ensure for closing the same in the system, coordinate with Project Managers, CPD for the close of unused LPOs etc.
• Ensure compliance with Internal policies and regulations on every stage of the project as applicable.
• Actively involved and drove the Annual Capex Planning Exercise with Tech / Business Leads and with the Transformation Office.

Knowledge, Skills & Experience

• Must hold a Masters in Finance/accounting or CA / MBA Finance with at least 5‑8 years of experience in the banking industry in managing multiple technology projects, financials and their reporting.
• Knowledge and affinity with projects and program management, and Tech projects and topics.
• Strong acumen in analyzing financial data and proficiency in project / financial software and tools.
• High problem‑solving skills and ability to establish and maintain strong working relationships with the stakeholders across the organisation.