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1
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Job Details
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Job Title
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Finance Reporting Unit Head
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Department
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Finance
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Section
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Strategic Finance & Reporting
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Unit
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Finance Reporting
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Direct Manager
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Strategic Finance & Reporting Section Head
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Direct Reports
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Finance Reporting Senior Specialist
Finance Reporting Specialist (x2)
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2
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Role Purpose
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Lead the delivery of financial management reports and a variety of ad-hoc reports. Ensure facilitating management review and serve business objectives of DCT by applying International Financial Standards and in compliance with DCT financial strategies.
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3
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Key Responsibilities
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Finance Reporting
- Lead and manage the finance reporting unit to ensure accurate and timely financial reporting.
- Lead the preparation of comprehensive periodic management reports on budget utilization and variances, and review the investigation of related variances for control and corrective actions purposes
- Oversee the implementation of data transformation processes to convert raw, complex data into actionable information for strategic decision-making.
- Conduct detailed analyses, including the ability to analyze big data, to support management decision-making and enhance forecasting accuracy in-line with defined objectives.
- Oversee and review variances, investigate root causes, and recommend control measures for corrective actions.
- Interpret complex financial information and present findings in a clear and concise manner.
- Collaborate with cross-functional teams to gather necessary information for insightful reporting and communicate complex financial information effectively to various stakeholders.
- Drive the automation of reports to enhance efficiency and reduce reporting cycle time as per the industry’s best practices.
- Manage the development and enhancement of financial models and reporting tools for better analysis.
- Implement reporting tools to improve the analysis of reports, enhancing understanding and aiding strategic decision-making.
- Generate ad hoc reports as requested by leadership for specific projects or strategic initiatives.
- Contribute to special projects that involve complex financial reporting requirements.
- Stay up-to-date on accounting standards, regulatory changes, and financial reporting requirement.
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.
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4
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Communication and Business Relationships
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Internal
- DCT Relevant Sectors / Departments
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External
- Regulators
- Government Entities; DOF
- Financial Institutions & Banks
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5
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Qualifications & Experience
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- Bachelor’s (Masters preferred) in Finance, Accounting, or any relevant.
- Certification such as (CFA, CPA) is a plus.
- Proven 4-6 years of experience in reporting, analysis using advances tools, or relevant.
- At least 2 years on experience in a managerial role.
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6
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Skills
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- Full professional English proficiency both in speaking and writing.
- Skilled in MS Office (PowerPoint, Word and Excel).
- Proficient in financial modeling with strong quantitative skills.
- Strong analytical skills with the ability to interpret complex financial data
- High level of competency in relevant software applications.
- Ability to quickly integrate with existing business software tools and knowledge of other relevant industry software
- Strong problem-solving and critical-thinking skills.
- Strong communication and interpersonal skills to collaborate effectively with external and internal stakeholders and cross-functional team members.
- 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.
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Version 1
February 2024
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Approved by: Department of Culture & Tourism
Organization Development Section
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