Senior Finance Manager - Budgeting (National Talent)

Dubai Department of Economy and Tourism; Dubai; On-site; AED 300,000 - 450,000; Full time

Job summary

A leading governmental organization in Dubai is seeking a Senior Manager of Budgeting & Planning to oversee comprehensive budgeting processes, ensuring alignment with strategic goals and compliance with financial regulations. This role involves enhancing financial integrity through expert analysis and guidance, facilitating key stakeholder discussions, and driving operational excellence.

Qualifications

• Experience in financial planning and budgeting.
• Proven ability to manage complex financial processes.
• Strong understanding of financial regulations and compliance.

Responsibilities

• Manage annual and quarterly budgeting and forecasting processes.
• Develop comprehensive financial models to support decision-making.
• Ensure compliance with financial regulations and strategic goals.

Skills

Financial Management

Budgeting

Analytical Skills

Strategic Planning

Education

Master's degree in Finance, Business Administration, or related discipline

Job description

Job Objective:

• The job objective for the Senior Manager of Budgeting & Planning is to manage the meticulous preparation, development, and consolidation of the DET’s annual budgets. This role ensures effective financial management by coordinating approval processes, providing expert budgetary advice, and analyzing financial performance for strategic forecasting.
• The Senior Manager supports budget alignment with strategic goals across business units, manages treasury activities to secure necessary funding, and ensures compliance with financial regulations. This role also involves facilitating key financial discussions with stakeholders and liaising with external auditors to uphold financial integrity and transparency.

Core Functional Responsibilities & Subject Matter Expertise

• Manage the annual and quarterly budgeting and forecasting processes to align them with DET’s strategic goals while ensuring compliance with financial regulations.
• Manage the development of comprehensive financial models to support decision-making, incorporating scenario analysis and risk assessments.
• Manage regular reviews of departmental budgets and financial plans, providing detailed variance analysis and developing performance metrics to track against corporate objectives.
• Manage the monthly financial reporting process, ensuring the timely delivery of accurate financial reports to senior executives and providing insights into key financial metrics.
• Manage the preparation, development, analysis, and consolidation of DET's annual strategic and operational budgets. Coordinate approval processes with the Department of Finance and provide expert advice to enhance budget proposals.
• Manage the preparation of projected expenditure plans and periodic expense reports. Manage the analysis of financial performance and provide financial projections and forecasts. Review and approve related reports and recommendations before submission to management.
• Provide support to DET business units in preparing budgets that align with their strategic goals. Verify accuracy and completeness of budget submissions from all entities and departments to ensure conformity with established procedures.
• Ensure adherence to financial strategies and policies. Manage the preparation of financial statements and reports to meet local regulatory requirements. Oversee the submission of budgetary performance reports to the Department of Finance.
• Facilitate key meetings with the stakeholders to discuss financial matters. Act as a liaison with external auditors, providing necessary information for external audits.
• Manage the execution of treasury activities to ensure adequate funding for DET’s major financial requirements. Manage tracking procedures for financial transfers between budget items and inventory results.

Corporate Strategic Planning

• Contribute to the development of the department’s strategy and drive overall performance through providing inputs on the Section’s strategy, priorities and initiatives.
• Take onus of the Section’s achievement against set OKRs/KPIs to ensure the Section performs in line with overall performance targets, particularly against those reported to local and federal level authorities as they pertain to the key economic indicators of Dubai.

Financial Planning & Monitoring

• Oversee the determination of the Section’s annual and long-term capital and operating budgetary requirements to ensure strategic and operational plans can be delivered.
• Take accountability for the Section’s budgetary performance, ensuring minimal divergences and that expenditures are optimized and directed towards value adding activities.

Operational Excellence & Governance

• Lead the development of Section specific policies, procedures and processes ensuring full alignment with the prevalent and applicable laws and regulations.
• Ensure the Section achieves the highest level of governance and compliance with both internal (DET wide) and external policies and standards across various areas such as legal, quality, risk, cybersecurity etc. in relation to the core operations of the Section.
• Oversee the productivity and operational efficiency of resources and employees within the section to maximize returns on investment in people and resources.
• Continuously seek opportunities to leverage innovative technologies and digital solutions to optimize both internal and customer facing processes, in line with Dubai government's ambitions pertaining to being a digital economy.

Advisory Support

• Provide advisory services to the Director, as needed.
• Build a favorable reputation and image of the section within DCCPFT and DET by continuously representing DET favorably.
• Support the DCCPFT in establishing deep relations across its stakeholder ecosystem which includes creating synergies and collaboration within DET.
• Contribute to and support on DCCPFT and DET wide corporate priorities and initiatives e.g., ESG related initiatives.