About this role
About Us
First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.
Life at FAB
Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization
Career Development
FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.
Our Values
At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication.
Join our team and be part of a journey to shape the future of banking.
JOB PURPOSE
- 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.
- Owner of the end-to-end Cost Allocation process for the Group.
KEY ACCOUNTABILITIES
Generic Accountability
- provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement Of team objectives and completion Of tasks in a timely and efficient manner.
- Promote the organization's core values and ethics in all activities Within the team & wider organization to support the establishment Of a value driven culture Within the bank. Budgeting and Financial Performance
- Monitor & overview Cost Allocation financial performance Of a given area Of activity versus budget and ensure all activities are carried out in line With the approved guidelines while reporting on any variances to management.
- Identify risks & opportunities & advise management on measures to facilitate further decision making.
Policies, Systems, Processes & Procedures
- Provide inputs and implement policies, systems and procedures for the assigned team so that all relevant procedural/legislative requirements are fulfilled while delivering a quality & cost-effective service.
Continuous Improvement
- participate in the identification Of opportunities for continuous improvement and sustainability Of systems, processes and practices considering global standards, productivity improvement and cost reduction.
Reporting
- prepare sectional statements and reports timely and accurately to meet Business and/or department requirements, policies and quality standards.
- TO Manage the end-to-end Cost Allocation process for the group.
Job Specific Accountabilities / KPIS Month End, Reporting and Cost Allocations
- Manage the month end Cost Allocation Process for FAB UAE Enablement functions.
- Preparation and development of the monthly MI reports for the enablement functions cost allocations and handle reporting issues for the same.
- Provide analysis of re Enablement functions cost allocations actuals etc. to relevant stakeholders as well as identifying actions for corrective measures.
- Implementing various reports at the request of stakeholders.
- Analysis of the cost allocation charges and providing adjustments where necessary.
- Assist in the Budget process for enablement functions cost allocations and in setting up the budget templates.
QUALIFICATIONS AND EXPERIENCE
Minimum Qualification
- Must have bachelor's degree.
Required
- Professional qualified Accountant (CA, ACCA etc.) or master's level qualification.
Minimum Experience
- years' relevant experience in the banking sector with at least IO years in similar positions of progressively increasing managerial responsibilities in the Finance function.
- Demonstrated ability to successfully manage and motivate a team of Finance professionals.
- Experience in leading a team and working with senior/ management stakeholders on a daily basis.
- Ability to respond to and resolve issues & needs within team as well as business stakeholders.
- Must be detail-oriented but not lose sight of the 'big picture'. Ability to multi-task and work under pressure while delivering high quality results is crucial