Assistant Vice President
2 months ago
Join a leading international financial institution as an **Assistant Vice President - Financial Accounting**. This role is ideal for an experienced finance professional eager to lead budgeting, business planning, and financial analysis across global and domestic divisions.
**Key Responsibilities**
**A. Shareholder & Financial**
- **Budgeting Leadership**: Drive the annual budgeting process across all divisions and departments, promoting consistent business planning and rigorous budget reviews.
- **MIS Reporting**: Ensure timely and accurate preparation of MIS reports for management and Board review, enabling close monitoring of business performance.
- **KPI Implementation**: Define and track key performance indicators (KPIs) and integrate best practices in financial budgeting and business planning.
- **Cost Management**: Foster a cost-conscious culture, enhancing productivity and reducing waste to maximize financial benefits.
**B. Customer (Internal & External)**
- **Cross-Department Collaboration**: Work with department heads to facilitate the budgeting process, addressing any major budget deviations proactively.
- **Stakeholder Engagement**: Build and maintain effective relationships across all related departments to achieve the Group's objectives.
- **IT Liaison**: Collaborate with the IT department to resolve system requirements for budget reporting, ensuring smooth operational support.
- **Customer Support**: Respond to internal inquiries about products and services, providing solutions aligned with the Group's objectives.
- **SLAs & Compliance**: Adhere to Service Level Agreements (SLAs) to improve turnaround times, and provide accurate data to auditors and compliance teams as needed.
**C. Internal (Processes, Products, Regulatory)**
- **Budgeting & Forecasting**: Lead budgeting and forecasting activities across both domestic and international business units, implementing effective control procedures.
- **Tool Development**: Develop and enhance budgeting tools and techniques to support the Group’s needs.
- **Financial Controls**: Ensure strict adherence to financial control policies, coordinating with IT to address system inaccuracies.
- **Policy Development**: Establish and refine the Group’s budgetary policy framework, templates, and monitoring structures for complete budget control.
- **Team Management**: Oversee, train, and support the budgeting team, ensuring operational efficiency and development.
**D. Learning & Knowledge Development**
- **Regulatory Awareness**: Stay current on all budgeting regulations and best practices, and share relevant knowledge within the team.
- **Professional Growth**: Pursue professional development opportunities and foster a growth-oriented environment for team members.
- **Team Training**: Develop and train the budgeting team to maintain a high standard of financial reporting and MIS capabilities.
**E. Legal, Regulatory, and Risk Framework**
- **Confidentiality & Ethics**: Uphold high standards of confidentiality and integrity to safeguard sensitive information.
- **Compliance Adherence**: Fully comply with all legal, regulatory, and internal policies, including AML & CTF, sanctions, data protection, and fraud control.
**Education & Experience Requirements**
- **Education**: Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Information Technology, or related field; a Master’s degree is preferred.
- **Experience**: Minimum of 10 years of relevant experience, ideally within a top-tier international banking environment.
- **Certifications**: Professional certifications (e.g., CPA, CA, CFA) are a plus.
**Core Skills & Competencies**
- **Financial Reporting Knowledge**: Strong understanding of financial reporting standards (e.g., IFRS, IAS).
- **Budgeting Expertise**: Proficiency in budgeting tools and techniques.
- **Analytical Skills**: Excellent analytical and problem-solving skills.
- **Interpersonal Skills**: Strong relationship-building and communication abilities.
- **Language Skills**: Fluent in English; proficiency in Arabic is preferred.
- **Pressure Management**: Ability to work effectively under pressure and deliver high-quality results.
**Framework and Boundaries**
- Align activities with the Group’s strategic plan, budget targets, regulations, and best practices.
- Operate within the limits of the delegation of authority structure.
**Communications and Working Relationships**
- **Internal Stakeholders**: Collaborate closely with SVP and VPs across divisions, departments, and branches.
- **External Contacts**: Liaise with regulatory authorities, external auditors, and professional associations as needed.
- **IT Coordination**: Work with IT personnel to address MIS-related system issues effecti
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