Purpose of the Role
The Finance Director is a strategic leader responsible for driving financial excellence at EIA. This role ensures effective management of corporate finance, budgeting, compliance, and risk, while aligning financial strategies with EIA’s dual mandate of maximizing financial returns and supporting the UAE’s economic priorities. The Finance Director also plays a pivotal role in supporting EIA’s Strategy Refresh (SR) initiatives and fostering long-term financial sustainability.
Department Overview
The Finance, Treasury & Investment Operations Department at EIA is a cornerstone of the organization's strategic and operational framework. This department oversees corporate finance, budgeting, treasury management, and investment operations, ensuring alignment with EIA's mission to maximize financial returns and contribute to the UAE's economic priorities. By leveraging advanced financial systems and frameworks, the department plays a vital role in implementing the Strategy Refresh (SR) initiatives, managing risks, and ensuring regulatory compliance.
Strategic Responsibilities Strategic Financial Leadership
- Develop and execute financial strategies that align with EIA's mandate and organizational objectives.
- Guide capital allocation to balance financial returns with strategic priorities.
- Partner with investment teams to align financial planning with strategic asset and portfolio management objectives.
- Provide financial leadership to support EIA’s Strategic Refresh initiatives.
Compliance and Risk Management
- Ensure compliance with UAE regulations, taxation requirements, and IFRS standards.
- Implement and monitor robust financial controls and risk mitigation strategies.
- Safeguard financial performance through effective risk identification and management frameworks.
Technology Integration
- Oversee the adoption of ERP systems and financial tools to enhance data-driven decision-making.
- Leverage data analytics and advanced systems to support long-term financial sustainability.
Core Responsibilities
Budgeting and Forecasting
- Lead the annual budgeting process and long-term financial planning.
- Provide accurate forecasts and performance reports for internal and external stakeholders.
- Conduct scenario analysis and financial modeling to support decision-making.
- Monitor and report variances to ensure precision and adaptability in planning.
Investment Collaboration
- Collaborate with investment teams to integrate financial planning with asset management and portfolio performance reporting.
- Evaluate and support strategic investments to optimize returns and align with long-term goals.
Financial Reporting and Compliance
- Ensure all financial reporting adheres to IFRS, GAAP, and UAE regulatory requirements.
- Present financial analyses and insights to the CFO, executive leadership, and Board of Directors.
- Conduct variance analyses and performance reviews to ensure transparency and accountability.
People Management Responsibilities
Team Development
- Mentor and lead a high-performing finance team, fostering a culture of continuous improvement and innovation.
- Establish clear KPIs, including productivity, innovation adoption rates, and employee engagement scores.
- Delegate responsibilities effectively to ensure operational efficiency and performance.
- Foster a culture of excellence, innovation, and accountability across the finance team.
Stakeholder Engagement
- Present key financial insights to senior leadership, regulatory bodies, and external auditors.
- Build strong relationships with banking partners, vendors, and strategic financial advisors.
- Serve as the primary liaison for internal audit and compliance reporting.
