Accounting jobs in United Arab Emirates

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.