Financial Planning Unit Head JOB

Job Title: Financial Planning Unit Head

Role Purpose:

Lead on the development of comprehensive financial budgets, plans, and required financial data. Provide strategic recommendation to optimize financial performance. Lead on external submissions in close collaboration with relevant team and manage Oracle system operations.

Key Responsibilities:

Financial Planning

• Lead and supervise the annual financial preparation, planning, and budgeting process whilst ensuring alignment with DCT’s strategic objectives and budget policies and procedures.
• Develop templates and oversee budget submission process in close collaboration with DOF & internal stakeholders. Ensure that business budget requirements are strategic, efficient, and are aligned with DCT’s defined objectives.
• Lead on the preparation and distribution of budget. Raise awareness to sectors and departments through effective budget workshops.
• Serve as the primary point of contact with external parties, stakeholders, and DOF concerning budget-related matters.
• Provide necessary support for additional budget submissions and coordinate with relevant departments to ensure alignment, smooth and accurate submissions.
• Lead on the analysis of expenditure proposals, ensuring the existence of provisions, and actively conduct scenario analyses for optimal budget distribution.
• Continuously implement robust controls on budget transfers, including the effective application of Delegation of Authority.
• Lead on assessing and mitigating financial risks by implementing effective risk management strategies and provide strategic recommendations for enhancements.Ensure procurement governance and risk management framework to ensure compliance with the approved policies and strategies.

System Management

• Maintain oversight of the Oracle system, overseeing budget uploads, and ensuring stringent control measures.
• Supervise the creation of new financial codes within the system, ensuring accuracy and alignment with organizational requirements.
• Lead on initiatives to enhance the Oracle system functionality, collaborating with IT teams to optimize budgeting processes and improve system efficiency.Act as a role model and drive adherence to organizational values and ethics by employees of the assigned section to foster a value driven culture within the organization.

Shared Activity

• Ensure effective cascading of the functional strategy into unit business plans to ensure vertical alignment and horizontal integration with other interfacing sectional strategies.
• Manage the effective achievement of assigned objectives through the leadership of the unit by setting individual objectives, managing performance, developing and motivating staff to maximize performance.
• Act as a role model and drive adherence to organizational values and ethics by employees of the assigned unit to foster a value driven culture within the organization.
• Manage and ensure effective implementation of functional policies, procedures and controls covering all areas of assigned unit activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service.
• Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
• Ensure that all unit reports are prepared timely and accurately and meet DCT requirements, policies and quality standards.
• Comply with all relevant EHS guidelines, policies and procedures, by reporting incidents and hazards on a timely manner, and reduce consumption of natural resources to support in protecting the environment and ensure a healthy and safe work environment.

Communication and Business Relationships:

Internal

• DCT relevant sectors.

External

• Regulators
• Government Entities; DOF
• Financial Institutions & Banks

Qualifications :

• Bachelor’s (Masters preferred) in Finance, Accounting, or any relevant.
• Certification such as (CFA, CPA) is a plus.
• Proven 5-7 years of experience in financial planning, analysis.
• At least 2 years on experience in a managerial role.

Experience:

• At least 7 years of experience in Category Management, Sourcing, procurement or any similar role, with a minimum of 3 years in a managerial position.
• Commercially minded procurement professional who is an expert negotiator of complex contracts.
• Proven track of experience in the Events & Marketing categories and negotiating events Joint Ventures and key Intellectual Property aiming to deliver a wide range of cultural and tourist events and services, helping drive the economy forwards.

Skills:

• Language: Full professional English proficiency both in speaking and writing; Arabic desirable
• Skilled in MS Office (PowerPoint, Word and Excel)
• Administrative skills and attention to detail
• Self-motivated with a proven ability to complete work in a timely manner.
• Concise and engaging delivery during the presentation.
• In-depth knowledge of financial regulations and compliance in UAE.