Manager - Finance
Allstream Global
Job Category
Electrical PowerJob Type
Full TimeLocation
United Arab EmiratesCity
Abu DhabiDescription
Seeking a Senior Manager - Finance to oversee budgeting, forecasting, and financial analysis, ensuring alignment with company goals and compliance with regulations. Strong leadership and financial optimization skills required.
Job Details
Core Functional Responsibilities & Subject Matter Expertise
- Manage the annual and quarterly budgeting and forecasting processes to align them with the company’s strategic goals while ensuring compliance with financial regulations.
- Oversee the development of comprehensive financial models to support decision-making, incorporating scenario analysis and risk assessments.
- Conduct regular reviews of departmental budgets and financial plans, providing detailed variance analysis and developing performance metrics to track against corporate objectives.
- Manage the monthly financial reporting process, ensuring timely delivery of accurate financial reports to senior executives and providing insights into key financial metrics.
- Prepare, develop, analyze, and consolidate the company’s annual strategic and operational budgets. Coordinate approval processes with the Department of Finance and provide expert advice to enhance budget proposals.
- Prepare projected expenditure plans and periodic expense reports. Analyze financial performance and provide projections and forecasts. Review and approve related reports and recommendations before submission to management.
- Support business units in preparing budgets that align with their strategic goals. Verify the accuracy and completeness of budget submissions from all entities and departments to ensure conformity with established procedures.
- Ensure adherence to financial strategies and policies. Prepare financial statements and reports to meet local regulatory requirements. Oversee the submission of budgetary performance reports to the Department of Finance.
- Facilitate key meetings with stakeholders to discuss financial matters. Act as a liaison with external auditors, providing necessary information for external audits.
- Manage treasury activities to ensure adequate funding for the company’s major financial requirements. Track financial transfers between budget items and inventory results.
Corporate Strategic Planning
- Contribute to the development of the department’s strategy and drive overall performance through inputs on the Section’s strategy, priorities, and initiatives.
- Take ownership of the Section’s achievements against set OKRs/KPIs to ensure performance aligns with overall targets, particularly those reported to local and federal authorities as they pertain to key economic indicators.
Financial Planning & Monitoring
- Oversee the determination of the Section’s annual and long-term capital and operating budgetary requirements to ensure strategic and operational plans can be delivered.
- Take accountability for the Section’s budgetary performance, ensuring minimal divergences and that expenditures are optimized toward value-adding activities.
Operational Excellence & Governance
- Lead the development of Section-specific policies, procedures, and processes, ensuring alignment with applicable laws and regulations.
- Ensure the Section achieves the highest level of governance and compliance with internal (company-wide) and external policies and standards across various areas such as legal, quality, risk, and cybersecurity.
- Oversee the productivity and operational efficiency of resources and employees within the section to maximize returns on investment.
- Continuously seek opportunities to leverage innovative technologies and digital solutions to optimize both internal and customer-facing processes, aligning with the government's ambitions regarding a digital economy.
Advisory Support
- Provide advisory services to the Director as needed.
- Build a favorable reputation for the section within the company by representing it positively.
- Support the company in establishing strong relationships across its stakeholder ecosystem, fostering collaboration.
- Contribute to company-wide corporate priorities and initiatives, including ESG-related efforts.
People Leadership Responsibilities
- Lead by example and embody the core values of the company to build a high-performing and competent environment.
- Foster a culture that drives cross-functional collaboration to enhance synergies.
- Develop the next generation of leaders through mentoring and coaching, nurturing potential successors to ensure business continuity.
- Maintain a positive working environment to support government-level targets related to employee happiness.
- Drive the implementation of diversity and inclusion initiatives to ensure participation of women and people of determination within the workforce.
Qualifications
Qualifications & Experience
- Bachelor’s degree in Finance, Accounting, or a related discipline; a Master’s degree or MBA is highly preferred.
- Professional certifications such as PMP, CPA, CMA, CFA, or FP&A are advantageous.
- A minimum of 11 years of experience in financial planning, budgeting, and analysis within a large organization, demonstrating a track record of successful budget management and financial optimization.
- Proven experience in developing, managing, and consolidating large-scale operational and strategic budgets. Experience coordinating with finance departments and facilitating approval processes is crucial.
- Extensive experience in preparing accurate financial reports and statements that comply with regulatory requirements; knowledge of local and federal financial regulations is essential.
- Experience in leading and developing a team of financial professionals with strong leadership skills to foster growth and operational excellence.
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Posted on
26-09-2024 -
Languages Known
English -
Experience
11 - 16 Years -
Salary
AED 30000 / Month (Negotiable) -
Qualification
Bachelor’S Degree In Finance, Accounting, Or A Related Discipline; A Master’S Degree Or Mba Is Highly Preferred. -
Vacancies
1