Head of Finance Planning

Website Almarai

Job Description:

The Head of Finance Planning & Performance will lead the financial planning and analysis for all business lines of the bank with a key focus on analytics, insight and finance partnering. This role will also effectively be the finance head supporting CFO and GMs within the business. In addition, this role will oversee the Business Intelligence Competency Centre (BICC). This is a key role to formulate and drive the key strategic financial, forecasts, Investor and Board presentations.

Job Responsibilities:

  • Assist the CFO and BU GMs in reporting and analyzing performance against strategic objectives.
  • Partner with Business Unit GMs to address and correct under-performance.
  • Lead bank wide finance partnering capability and engagement model.
  • First point of contact for BU GMs and PU leaders on any queries related to reporting or finance related issues.
  • The Head of Finance will effectively be the Finance representative for the business lines, actively influencing day-to-day decisions, shaping strategy and the direction of the business.
  • Support and influence key operational and strategic decisions supporting the CFO and the GMs of the business lines.
  • Advise on key business planning assumptions, prioritization, risks, and opportunities.
  • Interpret and present industry, competitor, and economic assessments in collaboration with relevant stakeholders.
  • Identify and implement changes to improve efficiency and effectiveness of operational decision making.
  • Support CFO and GMs in the management of incentive programs
  • Responsible for ensuring the financial implications of all new policies and procedures are understood by BU and PU stakeholders.
  • Provision of strategic insight and assistance with the development of strategic planning
  • Deep analysis across credit provisioning and recoveries
  • Optimize Risk Weighted Assets by driving model improvements and improvements in data quality.
  • Establish a clear and broad mandate to monitor RWA frequently and Institutionalize RWA management.
  • Oversee the refresh of the indirect allocation’s methodology in collaboration with Head of FP&P
  • Oversee the development of the RM level plans.
  • Provide methodology transparency on technical areas across ECL, financial adjustments, accruals, indirect expenses and Funds Transfer Pricing to relevant stakeholders.
  • Contribute to drive improved financial performance covering business line profitability, return on equity and the overall improvement of the control environment.
  • Responsible for leading the management reporting, analysis and insights across Investor, Board, Bank, Business and Performance Units levels.
  • Market and Peer reporting, insights, and analysis
  • Financial insight and analysis for the bank and across all business units.
  • Develop the KPIs and reporting required in collaboration with other support functions to drive performance in distribution, product, and support areas.

Job Requirements:

  • Ability to handle change effectively and deal with ambiguity.
  • Superior financial performance management skills across wholesale banking revenue, expenses, risk weighted assets and return of equity dimensions.
  • Product or Treasury Control experience
  • Financial Control experience
  • Sound understanding of Basel, funding, and liquidity.
  • Strong stakeholder management and outstanding communication, written and verbal, and interpersonal skills
  • 15+ years’ experience across chartered accounting public practice and within financial services organizations
  • Expert in finance, commercial and accounting concepts and processes
  • Outstanding finance partnering skills.
  • Communicating with persuasive influence and impact across all levels of organization
  • Relationship building skills.
  • Strategic and commercial acumen
  • High level of drive, energy, and commitment to achieving outcomes
  • Ability to handle change effectively and deal with ambiguity.

Job Details:

Company: Almarai

Vacancy Type: Full Time

Job Location: Dubai, UAE

Application Deadline: N/A

To apply for this job please visit www.linkedin.com.

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