AVP - Project Finance Manager - Emiratization

Our client is a well-known large financial services organisation based in the UAE. They are looking to hire a Project Finance Manager at an AVP level.

Job Purpose

The job holder will be responsible for managing the Governance and the Project Financial Reporting of bank-wide related (Tech) projects, while working closely with specifically with the Head of Tech / Head of Transformation office. The Project Finance Manager will review financial business cases of Tech projects, drive the Tech related Budget Management for Tech and the various business and functions, provide timely financial reports to the stakeholders, Identifying and mitigating Financial Risks, Complying with Internal Policies and regulations, ensuring coordination with Project Managers for timely capitalisation and recording of Assets, Assist Transformation Office in overall Governance of the Projects.

Key Result Areas

• Work with the transformation office in driving and the Tech Project Financial reporting of bank-wide related projects (for all business and functions) in close alignment with the Transformation Office.
• Critical Financial evaluation of the Executive summary / Capex proposals and ensure all elements are captured as per the standard
• Ensure all relevant documentation and approvals are stored in the Central Project repository
• Creation of the Project in the Oracle system and assigning the Budget as approved and monitoring the same.
• Provide timely financial reports/dashboards to the stakeholders on the project financials.
• Coordination with Project Managers, Transformation Office, CAD for the timely capitalization of the Projects and recording of Fixed Assets as per the Policy
• Alert the Management / Transformation Office on the cost overrun, excess underutilization / non -non-utilization of budgets, etc., on a timely manner
• Validate for the correct chargeability, usage of appropriate Item codes, GL in Oracle I procurement
• On Project closure, ensure for closing the same in the system, coordinate with Project Managers, CPD for the close of unused LPOs etc.
• Ensure compliance with Internal policies and regulations on every stage of the project as applicable
• Actively involved and drove the Annual Capex Planning Exercise with Tech / Business Leads and with the Transformation Office

Knowledge, Skills & Experience

• Must hold a Masters in Finance/accounting or CA / MBA Finance with at least 5-8 years of experience in the banking industry in managing multiple technology projects, financials and their reporting
• Knowledge and affinity with projects and program management, and Tech projects and topics.
• Strong acumen in analyzing financial data and proficiency in project / financial software and tools
• High problem-solving skills and ability to establish and maintain strong working relationships with the stakeholders across the organisation