Core Functional Responsibilities & Subject Matter Expertise
·Manage the annual and quarterly budgeting and forecasting processes to align them with DET’s strategic goals while ensuring compliance with financial regulations.
·Manage the development of comprehensive financial models to support decision-making, incorporating scenario analysis and risk assessments.
·Manage 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 the timely delivery of accurate financial reports to senior executives and providing insights into key financial metrics.
·Manage the preparation, development, analysis, and consolidation of DET's annual strategic and operational budgets. Coordinate approval processes with the Department of Finance and provide expert advice to enhance budget proposals.
·Manage the preparation of projected expenditure plans and periodic expense reports. Manage the analysis of financial performance and provide financial projections and forecasts. Review and approve related reports and recommendations before submission to management.
·Provide support to DET business units in preparing budgets that align with their strategic goals. Verify accuracy and completeness of budget submissions from all entities and departments to ensure conformity with established procedures.
·Ensure adherence to financial strategies and policies. Manage the preparation of 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 the stakeholders to discuss financial matters. Act as a liaison with external auditors, providing necessary information for external audits.
·Manage the execution of treasury activities to ensure adequate funding for DET’s major financial requirements. Manage tracking procedures for 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 providing inputs on the Section’s strategy, priorities and initiatives.
·Take onus of the Section’s achievement against set OKRs/KPIs to ensure the Section performs in line with overall performance targets, particularly against those reported to local and federal level authorities as they pertain to the key economic indicators of Dubai.
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 and directed towards value adding activities.
Operational Excellence & Governance
·Lead the development of Section specific policies, procedures and processes ensuring full alignment with the prevalent and applicable laws and regulations.
·Ensure the Section achieves the highest level of governance and compliance with both internal (DET wide) and external policies and standards across various areas such as legal, quality, risk, cybersecurity etc. in relation to the core operations of the Section.
·Oversee the productivity and operational efficiency of resources and employees within the section to maximize returns on investment in people and resources.
·Continuously seek opportunities to leverage innovative technologies and digital solutions to optimize both internal and customer facing processes, in line with Dubai government's ambitions pertaining to being a digital economy.
Advisory Support
·Provide advisory services to the Director, as needed.
·Build a favorable reputation and image of the section within DCCPFT and DET by continuously representing DET favorably.
·Support the DCCPFT in establishing deep relations across its stakeholder ecosystem which includes creating synergies and collaboration within DET.
·Contribute to and support on DCCPFT and DET wide corporate priorities and initiatives e.g., ESG related initiatives.
People Leadership Responsibilities:
·Lead by example and role model the core values of DET and DCCPFT in an aim to build a high performing and competent environment within the DET.
·Foster and instill a culture which drives cross-functional collaboration between teams in an aim to drive synergies and collaboration.
·Build the next generation of leaders through mentoring and coaching in order to develop the capabilities of the team and DET as a whole; this includes nurturing and grooming potential successors in an aim to drive business continuity.
·Ensure that the section maintains a happy working environment for employees to support the DET achieve government level targets related to employee happiness.
Drive the implementation of diversity and inclusion initiatives to ensure thorough participation of females and people of determination within the workforce of the section.
Qualifications & Experience:
·Bachelor's degree in Finance, Accounting, or any related discipline. A Master's degree or MBA is highly preferred.
·Professional certifications such as Project Management Professional (PMP), CPA (Certified Public Accountant) or CMA (Certified Management Accountant), CFA (Chartered Financial Analyst) or FP&A (Certified Corporate Financial Planning & Analysis Professional); 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.
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