VP Enablement & Cost Synergy

Are you ready to join us on our exciting transformation journey at the largest bank in the UAE? This is an opportunity to make a real impact on our customers, employees, shareholders, and communities, as part of the FAB team. 

We're committed to our grow stronger movement, and as a member of our team, you'll have access to everything you need to advance your career and make a meaningful contribution to our shared success. 

If you're looking for a career that will help you stand out and make a difference, now is the time to join us. Let's work together to achieve great things. 

To assist in discharging duties related to cost management of the enablement functions and business units:

• Provide monthly financial reports to Support Divisions with detailed variance analysis and focus on cost analysis etc..,
• Handle the HO Cost Allocation function for the Group.

KEY ACCOUNTABILITIES:

Generic Accountability

•   To Manage the HO Cost Allocation function for the group

Job Specific Accountabilities

1. Manage the preparation and development of the MI reports for the HO Cost Allocation process and handle reporting issues for the same.

1. Provide variance analysis of HO cost allocations incurred by support units and assist the team in monitoring and flagging required action for corrective measures.

1. Implementing various reports at the request of stakeholders.

1. Analysis of HO cost allocation and providing adjustments where necessary

1. Responsible for setting up the HO Cost Allocation rules for the Group, periodic updating

1. Manage the HO Cost Allocation process as part of the larger bankside Budget process for  including updating, creating, reviewing HO Cost Allocation rules, drivers, templates etc.

Specific Accountability

Accountablity for the Cost Allocation function for the Group

#LI-MA3

Minimum Experience

• Must have Bachelor’s degree.  
• Required: - Professional qualified Accountant (CA, ACCA etc) or Masters level qualification  

Minimum Experience

• 15+ years’ relevant experience in the banking sector with at least 10 years in similar positions of progressively increasing managerial responsibilities in the Finance function.