Jobs in Emirates - career in Emirates - vacancies in Emirates-Assistant Manager: Planning and Performance - UAE Nationals Only - Commercial Bank of Dubai-Jobs in Emirates - career in Emirates - vacancies in Emirates
- The role holder will have accountability for on-time production and analysis of performance packs and creation of effective, accurate and user-friendly management information (“MI”).
- Shall be esponsible for all financial performance reporting and analysis bank wide. Focus on preparing annual budget, regular business performance reporting, sales incentive validation, Expense versus budget monitoring and project / cost management across the group
- Oversight of all financial performance reporting and analysis bank wide. The role will assist in translating business strategy into measurable objectives and metrics to enable regular monitoring and performance measurement against business goals and strategy.
Principal Accountabilities:
- Financial Plans: Assist in the planning process for both the strategic and operational financial planning process. This includes plans at bank level, business unit and performance unit level, Bank wide and cost centre level expense plans and branch budgets. This includes responsibility for the financial forecasts of the bank.
- Business Performance and Insight: Responsible for monthly management reporting preparation and submission ensuring deadlines are met, integrity and consistency of financial information and usability of end users . This includes providing deep insight, scenario analysis and recommendations to drive business performance to achieve enterprise strategic goals. Insight to span revenue, expense, capital, return on equity, regulatory, liquidity and funding dimensions. The insight is to be aimed at assisting business decisions through fact based timely, accurate and insightful financial data and analytics. Analysis providing direction and thinking to support decision making such as any new business proposition, product promotion etc.
- Peer Group Analysis: Responsible for preparation of detailed pack showing comparative against Tier 1 banks and CBD peer groups on various parameters including 5 year quarterly movements in revenue, expenses, operating profit, provisions, net profit, assets, loans and deposits. Comprehensive UAE Bank benchmarking which includes various financial parameters such as return on asset, return on equity, dividend yield, price to earnings, market capital, loan and deposit market share, price to book etc.
- Economic Updates: Support the preparation of the Board pack and Investor pack with Economic updates such as UAE purchasing managers index, UAE GDP growth, CPI & inflation, Oil prices, GDP by sector, growth in economy, CBD’s corporate social responsibilities and CBD awards
- Cost Control: Support the cost management framework for the Group which would help control / manage costs – capex and opex. Manage the cost center structure in conformity with Bank’s cost management framework with active business engagement to deliver cost reports. Support in achieving the banks cost targets by ensuring adequate cost controls and transparency and analysis including but not limited to cost center review & and process efficiency. Propose control improvements, enhancements and simplifications where appropriate.
- Sales Incentives: Support review of the Sales incentive pay-out providing approvals and ensuring data accuracy and compliance with pay-out policies. Ensure timely release. Maintain strict control on the pay-outs by ensuring the computation of Sales incentive pay out for each agent is as per the existing Sales incentive policy. Review and challenge on the new proposed sales incentive policy.
- Financial Modelling: Support in preparing detailed financial projections and models for the various business initiatives of the bank to evaluate them in terms of financial returns and economic viability after considering various scenarios and all the risks involved.
- Projects and Transformation: Gather and consolidate accounting and financial information for the preparation of Management report. Take initiative to investigate and recommend suitable suggestions to improve the effectiveness. Coordinate with business owners to define methodology and business logic for new performance measures. Identify and resolve issues, errors, gaps between data sources and business requirements. Own the calculation process that transforms raw data into structured information for reporting needs
- Adhoc requirements: Support ad-hoc business queries and return measurements to meet the needs business managers for day-to-day operation management.
- SOP: Ensure adequate documentation is adhered to at all times for all standard process through ‘Departmental operating Instructions’ & ‘ Standard operating procedures’
Job Details
| Posted Date: | 2019-09-19 |
| Job Location: | Dubai, United Arab Emirates |
| Job Role: | Finance and Investment |
| Company Industry: | Banking |
Preferred Candidate
| Career Level: | Management |
| Nationality: | United Arab Emirates |
| Degree: | Bachelor's degree |
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Jobs in Emirates - career in Emirates - vacancies in Emirates-Assistant Manager: Planning and Performance - UAE Nationals Only - Commercial Bank of Dubai-Jobs in Emirates - career in Emirates - vacancies in Emirates
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