20 Oct
Asterix Communications
Dubai
Job Description
Job holder will be responsible among others, monitoring on a daily basis the cost at Bank level ensuring that costs are spent & managed in accordance with the Bank policies and procedures.
Ensures costs are controlled by various finance teams within Budget, and that cost control is maintained evenly throughout the year.
Prepare and present cost dashboards on a monthly basis to present it to the management and key stakeholders. Ensure at Bank level the costs are booked in line with the monthly trend and pass necessary entries to record the actual costs.
- Review various packs prepared by Tanfeeth team and provide the variance analysis. Provide variance analysis for various management packs.
- Prepare and analyze Net Profit Margin (NPM) & FTP movement at Segment and Product level. Prepare the analysis for Non Funded Income movement.
Review the Balance Sheet movement and prepare analysis.
- Review Impairment details at Segment and Product level prepared by Business Finance. Ensure the consolidated file in place for all segments
- Prepare financial packs as per management requirement along with Data analysis and commentaries.
- Communicate and collate inputs from Business Finance for any one-offs.
- Ensure that the costs are accurately reported on the GL and suggest any process improvement or system enhancement required to provide more visibility to the costs.
- Ensure homogenous process for cost recording and accrual are been followed across business
- Calculate the profit available for distribution on quarterly basis and run the distribution process, make sure that the process and accounting is run as per the sharia guide lines and all the reconciliation and check are in place.
- Monitor the profit accrual process for special cases deposits.
- Provide strategic finance partnership to assigned support functions.
- Engage with the support unit on a regular basis and provide necessary support in all finance related matters.
- Interact with assigned Support units head to ensure that the annual budgets are completed on a timely basis and as per the directives of the management.
- Provide variance analysis for monthly financial packs for assigned units
- Support EIOPS team in completion of Mudaraba pool profit calculation and distribution
- Coordinate with Group ALM team to ensure timely release of deck on monthly basis and support review of relevant papers to ALCO members
- Prepare,
review and update Forecast on monthly basis by analyzing the current P&L; and Balance-sheet trends. Communicate and collate inputs from Business Finance for any one-offs to be considered.
- Design templates for specific information required for budget / forecast. Consolidate the information received from Business Finance.
- Update Hyperion for Budget inputs.
- Prepare cost and income target as per management direction / budget communication / budget consolidation / budget analysis
- Coordinate with Risk for impairment forecast / budget
- Prepare budget deck with detailed analysis for Exco and Board
- Monitor the budget on a regular basis and highlight the potential risks on timely basis
- Identify opportunities for process standardization.
- Highlight on a regular basis the opportunities available to the management to take appropriate decision to reduce the cost
- Compliance with Post Implementation Review policy at EI level
- Prepare Scorecard templates for respective Business and Support units. Prepare / collate additional information required for scorecards.
Liaise with HR and Strategy teams for Non-Financial information
- Coordinate with other Finance colleagues to provide the inputs for ICAAP exercise
- Work closely with EI Risk, Group Finance, Group ALM and Financial Reporting team for ICAAP exercise. Provide financials for Base & stress scenario to Risk team
- Collation of data for IR (on quarterly basis) from various units within EI and Group. Compare and verify the information prior to submission.
- Prepare the presentation for IR based on Group requirements.
Submission of reports and presentations to the Group IR department.
- Coordinate with various units (Risk and business) for preparation of data required by Fitch for annual rating exercise
Finance Graduate
Professional Degree in Finance (CA / MBA Finance)
Certification in IFRS
Minimum 5 6 Years Of Post-qualification Experience
Should have worked in a banking setup in a similar profile (minimum 3 years)
Should have exposure to Management Accounting, Financial Accounting and Budgeting & forecast exercise.
Should have exposure to Business Performance and Cost Management Function
Good understanding of accounting, management reporting, FTP, Yield Analysis, profit rate movement, cost allocation and business performance measurement tools
Excellent with MS Office (advanced knowledge of MS Excel and Power point), Hyperion, Oracle
Good understanding of Business segments (Retail / Corporate / Treasury) and Products
Strong financial and analytical skills
Capability to work under own initiative and under pressure, to deliver high quality products to tight deadlines.
Comfortable to work in multi -cultural and flexible hours based on international times.
Good stakeholder management, team management, communication skills and result oriented
▶️ Assistant Manager - Business Performance
🖊️ Asterix Communications
📍 Dubai