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VP Enablement Cost Synergies

3 weeks ago


Abu Dhabi, Abu Dhabi, United Arab Emirates First Abu Dhabi Bank Full time

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..
  • Provide transparency on costs including guidance vs. budget and forecasts aligned to overall group targets
  • Generate analysis on specific cost increase with an understanding of key drivers supporting Central MI and Analysis
  • Support adhoc projects relating to the cost function.

KEY ACCOUNTABILITIES

Generic Accountability

  •   To support certain Enablement functions from a cost standpoint and generate analysis on key cost drivers

Job Specific Accountabilities

  1. Manage the preparation and development of the MI reports for the respective functions including adhoc analysis as required
  1. Provide appropriate variance analysis flagging required action for corrective measures and identifying and measuring cost drivers to monitor
  1. Manage the budgeting process for the respective functions through a bottomup aggregation of cost asks balancing it against topdown guidance
  1. Support functions in hiring needs understanding impact of costs on budgets and runrates. Ensuring both staff & nonstaff costs remain within budget (including the runrate)
  1. Helping functions manage costs through various valueadd initiatives
  1. Responsible for inputs into the HO Cost Allocation rules for the Group

#LIMA3

Qualifications :

Minimum Experience

  • Must have Bachelors 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 specifically with experience in managing / reporting on costs.

Remote Work :

No

Employment Type :

Fulltime