Director of Financial Planning and Budgeting


Location:

Dubai

Date posted:

9th October 2019

Employment type:

Permanent

Job reference:

65500-0011204924

Staffing area:

Finance & Accounting


Description

The Company
A large but growing asset management business based in Dubai who are owned by a large local conglomerate who operate across multiple industry sectors.


The Role



  • Manage quarterly forecast and financial planning & budgeting responsibilities.

  • Ensure accurate, timely and complete analysis of BU performance, to support strategic decision making.

  • Finalize the accounts and audit.

  • Provide financial consulting and strategic support to senior management including preparing board presentations, financial presentations, capital expenditure analysis, industry/peer group comparisons, new business opportunities, acquisition analysis and other projects requested by HOD/Senior Management.


Key Responsibilities



  • Support HOD to prepare presentations to Board of Directors and Senior Management

  • Ensure implementation of and conformance to the financial and accounting policies and procedures, identifying opportunities for continuous improvement.

  • Manage the preparation of the departmental as well as annual budgets, five-year plans, recalibrations and forecasts.

  • Analyze current and past trends in key performance indicators including all areas of revenue, cost of sales, expenses and capital expenditures.

  • Monitor performance indicators, highlighting trends and analyzing causes of unexpected variance.

  • Supervision of Financial Analyst(s).

  • Oversee and manage the continued development of budgeting, financial forecasting, operating plan and modelling tools.

  • Ad-Hoc reporting and analysis to Head of Finance.

  • Quarterly and monthly financial reports.

  • Implement and work with a business intelligence tool and dashboard reports

  • Improve performance by evaluating processes to drive efficiencies and understand ROI in marketing programs, leasing concepts, as well as new development projects.

  • Develop financial models and analyses to support strategic initiatives.

  • Analyze complex financial information and reports to provide accurate and timely financial recommendations to management for decision making purposes.


Candidate Requirements



  • Bachelor in Accounting / Finance.

  • Professional certification such as a CPA, CFA, CA, ACCA, or CMA is preferred.

  • 10 years of experience in Accounting or Finance Function/ Budgeting Function, including 5 years as head of department or unit with extensive experience and understanding of budgeting standards, and variance analysis reporting.


Also, knowledge of:



  • Accounting and IFRS.

  • Revenue systems and Financial ERP.

  • Analytical skills.

  • Manage budget and cost control.

  • Prepare BU budgets and ensure adherence to corporate budget timelines.


Salary & Benefits



  • 45,000 AED per month

  • Private medical insurance

  • Annual airfare allowance

  • Schooling allowance (Up to 3 Children)

  • Mobile phone allowance

  • Digressional bonus



Dubai

Dubai International Financial Centre (DIFC)
Gate Village 1, Level 1, Office Unit 104, P.O. Box 482100
Dubai
ae
+971 (0) 4 382 6700
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