Senior Project Finance Manager (UAE National)
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Key skills for this role
About the Role
Mashreq Corporate & Investment Banking Group seeks a Senior Project Finance Manager to govern and report financials for bank-wide technology projects. The role involves evaluating CapEx proposals, managing budgets in Oracle, and coordinating with project managers and the Transformation Office.
Key Skills for This Role
Responsibilities
- Work with transformation office in driving and reporting Tech Project financials for bank wide projects
- Critical financial evaluation of Executive summary/CapEx proposals
- Ensure all relevant documentation and approvals are stored in Central Project repository
- Create Project in Oracle system, assign Budget as approved, and monitor
- Provide timely financial reports/dashboards to stakeholders on project financials
- Coordinate with Project Managers, Transformation Office, CAD for timely capitalization and recording of Fixed Assets
- Alert Management/Transformation Office on cost overrun, excess underutilization/non utilization of budgets
- Validate correct chargeability, usage of appropriate Item codes, GL in Oracle procurement
- Ensure compliance with Internal policies and regulations at every stage of the project
- Actively involve and drive in Annual CapEx Planning Exercise with Tech/Business Leads and Transformation Office
Requirements
- Master’s in Finance/Accounting or CA/MBA Finance
- 5 8 years of experience in banking industry managing multiple technology project financials and reporting
- Knowledge of projects and program management, and Tech projects
- Strong acumen in analyzing financial data and proficiency in project/financial software and tools
- High problem solving skills and ability to establish and maintain strong working relationships
- Effective communication skills
- Fluent in English
- Team worker
Full Job Posting
Job Purpose
- Senior Project Finance Manager is responsible for managing the Governance and the Project Financial Reporting of bank wide related (Tech) projects.
- Works closely with Tech within Mashreq and especially the Head of Tech / Head of Transformation office.
- Reviews financial business cases of Tech projects, drives Tech related Budget Management, provides timely financial reports, identifies and mitigates Financial Risks, ensures compliance, and assists Transformation Office in overall Governance of Projects.
Key Result Areas
- Work with transformation office in driving and the Tech Project Financial reporting of bank wide related projects.
- Critical Financial evaluation of the Executive summary / CapEx proposals and ensure all elements are captured as per the standard.
- Ensure all relevant documentation and approvals are stored in the Central Project repository.
- Creation of Project in Oracle system and assigning the Budget as approved and monitor the same.
- Provide timely financial reports / dashboards to the stakeholders on the project financials.
- Coordination with Project Mangers, Transformation Office, CAD for the timely capitalization of the Projects and recording of Fixed Assets as per the Policy.
- Alert the Management / Transformation Office on the cost overrun, excess underutilization / non utilization of budgets etc. on a timely manner.
- Validate for the correct chargeability, usage of appropriate Item codes, GL in Oracle I procurement.
- On Project closure, ensure for closing the same in system, coordinate with Project Managers, CPD for the close of unused LPOs etc.
- Ensure compliance with Internal policies and regulations on every stage of the project as applicable.
- Actively involve and drive in the Annual CapEx Planning Exercise with Tech / Business Leads and with Transformation Office.
Knowledge, Skills And Experience
- Must hold Master’s in Finance / accounting or CA / MBA Finance with at least 5 8 years of experience in banking industry in managing multiple technology projects financials and its reporting.
- Knowledge and affinity with projects and program management, and Tech projects and topics.
- Strong acumen in analyzing the financial data and proficient in project / financial software and tools.
- High problem solving skills and ability to establish and maintain strong working relationships with the stakeholders across the organisation.
- Effective communication skills.
- Fluent in English.
- Team worker.
About Mashreq
- The leading financial institution in MENA.
- While more than half a century old, we proudly think like a challenger, startup, and innovator in banking and finance.
- We pioneer key innovations and developments in banking and financial services.
- Our mandate: To help customers find their way to Rise Every Day.
- We actively contribute to the community through responsible banking.
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