Company Description
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.
Job Description
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
- Manage the preparation and development of the MI reports for the HO Cost Allocation process and handle reporting issues for the same.
- Provide variance analysis of HO cost allocations incurred by support units and assist the team in monitoring and flagging required action for corrective measures.
- Implementing various reports at the request of stakeholders.
- Analysis of HO cost allocation and providing adjustments where necessary
- Responsible for setting up the HO Cost Allocation rules for the Group, periodic updating
- 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
Additional Information
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.
Top Skills
What We Do
FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.
To empower its customers and clients to Grow Stronger, FAB is initiating a powerful movement, which goes beyond banking. The Grow Stronger movement represents the bank’s promise to support its stakeholders’ goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future. Through a strong, diversified balance sheet, leading efficiency and a solid corporate governance structure in place, FAB is set to drive growth forward.
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