Manager - Financial Planning & Analysis

Aldar Estates; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading company in the real estate sector is seeking a Manager for Financial Planning & Analysis. The role involves overseeing financial reporting, budgeting processes, and collaborating with various departments to ensure financial stability. The ideal candidate should have strong analytical skills, leadership experience, and a solid background in financial practices. This position requires a strategic thinker capable of providing insights and recommendations to support decision-making.

Qualifications

• Minimum 10 years post qualification experience in Real Estate/Construction industry.
• Qualified Accountant ideally a CA, CMA or CFA.

Responsibilities

• Oversee financial reporting and budgeting processes.
• Develop and present financial budgets on an annual and quarterly basis.
• Conduct variance analysis comparing actual results to budgets.

Skills

Leadership

Financial Analysis

Data Interpretation

Variance Analysis

Budgeting

Forecasting

Education

Chartered Accountant (CA)

CMA

CFA

Tools

ERP integrated system

Job description

Job Purpose

Manager, Financial Planning & Analysis is responsible to oversee and manage the financial reporting and budgeting processes within Aldar Estates and its verticals. This role is critical for maintaining financial stability, providing accurate and timely financial information to stakeholders, and supporting strategic decision-making.

The FP&A Manager will be responsible for analyzing, recommending, and reporting on budgetary accounting and financial records, by reviewing and preparing budget variances, amendments and other accounting entries in conformity with generally accepted accounting principles and the company’s policies and procedures.

The successful candidate will play a key role in overseeing the financial planning processes, ensuring accuracy, compliance, and effective communication of financial information. This role requires a strategic thinker with strong analytical and leadership skills.

Responsibilities

• Develop, present, and oversee financial budgets on an annual and quarterly basis.
• Ensure all budgets and financial processes align with company goals.
• Collaborate with executives, project managers, and cross-departmental leadership to set budget goals and ensure they’re followed.
• Evaluate budget proposals and financial requests for viability.
• Forecast financial needs throughout the year.
• Track results and comparing them to key financial targets.
• Prepare cost estimates and plans, while providing necessary reporting, documentation, and financial assessments.
• Explain complex financial data clearly.
• Develop and maintain an accurate record-keeping system for FP&A purposes
• Identify, flag, and analyze potential financial and budgetary risks.
• Provide financial summaries, reports, and recommendations as needed.
• Ensure all financial decisions and records adhere to legal regulations.

Budget Preparation:

• Lead the annual budgeting process, collaborating with department heads to gather financial inputs and assumptions.
• Develop detailed budget models, ensuring alignment with organizational goals and objectives.
• Analyze historical financial data and industry trends to make informed budgetary recommendations.

Financial Reporting:

• Prepare and distribute timely and accurate financial reports to internal stakeholders, executive management, and other relevant parties.
• Develop and maintain comprehensive financial dashboards to track key performance indicators (KPIs) and provide insights to support decision-making.
• Ensure compliance with accounting standards and regulatory requirements in all financial reports.

Variance Analysis:

• Conduct variance analysis comparing actual financial results to budgets and forecasts.
• Investigate and explain significant variances, providing insights into the underlying factors influencing financial performance.
• Collaborate with department heads to address budgetary discrepancies and implement corrective actions.

Forecasting:

• Lead the development and maintenance of rolling forecasts to provide management with accurate and up-to-date financial projections.
• Work closely with department heads to gather relevant data and assumptions for forecasting purposes.
• Identify and communicate potential risks and opportunities based on forecasted financial trends.

Process Improvement:

• Continuously evaluate and enhance budgeting and reporting processes to streamline efficiency and accuracy.
• Implement best practices and technology solutions to improve the overall financial planning and reporting capabilities.

Cross-Functional Collaboration:

• Collaborate with various departments to understand their financial needs and provide support in achieving budgetary goals.
• Work closely with the finance team to ensure accurate and timely financial data entry and reporting.

Ad-hoc Analysis:

• Conduct ad-hoc financial analysis as requested by executive management to support strategic decision-making.
• Participate in special projects related to financial planning and reporting.

Education & Qualification:

• Qualified Accountant ideally a Chartered Accountant (CA, CMA) or CFA.

Experience and Skills:

• Minimum 10 years post qualification experience (local / multinational, preferably from Real Estate/Construction industry)

Position/functional experience:

• Detailed knowledge of sound financial practice, procedures and systems.
• Previous experience as a Budget Manager with reputable company and proven results.
• Experienced in working on ERP integrated system.
• Strong leadership, interpersonal and communications skills.
• Expert in Financial Analysis, Data Interpretation, Variance Analysis, Budgeting and Forecasting, Budget Development, Forecasting, Financial reporting and GAAP Knowledge.