Director of Financial Planning and Analysis

Emirates Development Bank (EDB); Abu Dhabi; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading financial institution is seeking a Financial Planning & Analysis professional to establish the FPA function. This role involves managing financial reporting, budgeting, and forecasting processes while providing insights to senior management. The ideal candidate will have strong analytical skills and experience in financial modeling, contributing to effective cost management and financial performance enhancement.

Qualifications

• Experience in financial planning, budgeting, and forecasting.
• Strong analytical skills with financial modeling expertise.
• Ability to collaborate with senior management.

Responsibilities

• Manage financial planning, budgeting, and forecasting processes.
• Improve financial models for performance reporting.
• Provide financial analysis and insights to senior executives.

Skills

Financial Performance Reporting

Cost Analysis

Budgeting

Forecasting

Financial Analysis

Market Intelligence

Education

Bachelor's degree in Finance or related field

Job description

Job Purpose:

To establish the Financial Planning & Analysis (FPA) function at EDB. Develop and implement a framework for Financial Performance Reporting, Cost Analysis, Budgeting & Forecasting, while taking a hands-on approach to managing BAU deliverables.

Provide financial analysis and insights to the CFO, CEO, and EXCOM members to support business decisions and monitor overall financial health.

Job Roles and Responsibilities:

Functional Role:

Financial Performance Reporting

• Manage EDB's financial planning, budgeting, and forecasting processes.
• Improve or replace financial models used for generating financial performance reports for the CFO & Executive Committee.
• Continuously improve existing Performance Reporting (Group Financials, Profit Centre Results, Dashboards & Cost Summaries).
• Ensure presentation and distribution of financial information are best practice, graphical, frequent, and timely.
• Support financial analysis with insights and recommend strategies to enhance financial performance.
• Escalate urgent issues to the CFO and handle turnaround requests from CEO, CFO, and other EXCOM members related to Group Financial Performance.
• Act as a source of market intelligence through comparative analysis against peer banks and regional financial institutions.

FPA Framework

• Scope, define, and document the Group FPA policy and procedures.
• Collaborate with the CFO’s direct reports on ALM/FTP system implementation to enhance Group Financial Reporting according to best practices.
• Enhance Profit Centre reporting aligned with framework principles & policy.
• Develop, establish, and implement customer- and product-based financials integrated with Group Financial Performance Reporting.
• Develop and implement cost accounting MI to better understand cost drivers.

Cost Management

• Serve as the center of excellence for management and reporting of costs across EDB and its subsidiaries.
• Work with the Financial Accounting team to establish project and capex accounting reporting and analysis, including controls to ensure accuracy.
• Provide recommendations to the CFO and EXCOM on effective and sustainable cost management strategies.

Governance and Oversight

• Be the key contact for the Group's Financial Performance Reports distributed to the CFO and EXCOM, explaining financial outcomes.
• Support Board Committees with review and preparation of financial reports and analyses.
• Become a knowledge expert on Group Policy and Procedures related to Financial Reporting and propose improvements for efficiency and effectiveness.

Finance Role Model

• Provide guidance and mentorship to colleagues in the Finance department.
• Model appropriate behaviors when engaging with stakeholders.
• Develop and promote best practice financial modeling skills across the team.