Senior Project Finance Manager

Mashreq; United Arab Emirates; On-site; AED 300,000 - 420,000; Full time

Job summary

Mashreq in the United Arab Emirates seeks a Senior Project Finance Manager to oversee governance and project financial reporting for Tech initiatives. You will partner with Transformation Office and Tech leads to review business cases, manage budgets, deliver timely dashboards, and coordinate asset capitalization and asset recording in line with policy.

The role requires strong analytical, communication and stakeholder management skills, with 5–8 years banking industry experience in technology

Qualifications

• At least 5–8 years of banking sector experience managing multiple technology project finances and reporting.
• Knowledge of projects/program management and tech project domains.
• Proficient with project/financial software and tools including Oracle.
• Strong problem-solving skills and ability to build relationships with stakeholders.
• Effective written and spoken English communication, and teamwork.

Responsibilities

• Governance and financial reporting for tech-related bank projects.
• Review business cases, drive budget management, and monitor capitalization of assets.
• Provide timely dashboards and financial reports to stakeholders.
• Ensure compliance with internal policies and regulate documentation in the project repository.
• Coordinate with project managers and Transformation Office for asset recording.

Skills

Banking industry experience

Project financial reporting

Stakeholder communication

English fluency

Team collaboration

Education

Master’s in Finance/Accounting

CA/MBA Finance

Tools

Oracle

Job description

Job Purpose

Senior Project Finance Manager is responsible for managing the Governance and the Project Financial Reporting of bank wide related (Tech) projects. In this role it works very closely with Tech within Mashreq and especially 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 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 Project in Oracle system and assigning the Budget as approved and monitor the same.
• Provide timely financial reports / dashboards to the stakeholders on the project financials.
• Coordination with Project Mangers, 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 -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 system, coordinate with Project Managers, CPD for the close of unused LPOs etc.

Classification: Confidential

• Ensure compliance with Internal policies and regulations on every stage of the project as applicable
• Actively involve and drive in the Annual CapEx Planning Exercise with Tech / Business Leads and with Transformation Office

Knowledge, Skills and Experience

• Must hold Master’s in Finance / accounting or CA / MBA Finance with at least 5-8 years of experience in banking industry in managing multiple technology projects financials and its reporting
• Knowledge and affinity with projects and program management, and Tech projects and topics.
• Strong acumen in analyzing the financial data and proficient 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
• Effective communication skills
• Fluent in English
• Team worker