50 Performance Management jobs in the United Arab Emirates
Performance Management Analyst
Posted 4 days ago
Job Viewed
Job Description
Your job will include, but not limited to the following:
- Implements and continuously improves ADNOC Distribution's Performance Management policies and processes, including implementation of the Annual Performance Reviews and development of a Competency-based Performance Management system, in order to identify and reward best performers and promote high potential employees.
- Develops all Performance Management related policies. Communicates, coaches and trains managers in Performance Management policies and processes, in coordination with the Training Analyst to ensure smooth and effective implementation of those.
- Implements Competency-based Annual Performance Management Review (appraisal), which will include individual and team objective setting, annual performance review, identification of training and development needs, and career development planning. Coaches and trains managers in conducting performance management reviews and annual objective setting. Assists managers to plan, define and agree on employees objectives and to inspire performance through effective employee goal setting, coaching, motivation and evaluation.
- Monitors Company staff performance at individual, team, departmental, divisional, group and corporate levels. Prepares and updates various (periodic and annual) performance management reports. Provides professional advice and recommends corrective action or reward to management.
- Develops integrated performance management and employee development tools to support management in monitoring and enhancing individual and team performance, coaching and managing employees and teams effectively.
- Develops and coordinates with Compensation and Benefits department Performance linked Reward strategies and policies to ensure reward and recognition of best performers.
- Maintains and manages the integrated Performance Management software (Oracle based), in order to ensure continuous monitoring and management.
ADNOC Distribution (Abu Dhabi National Oil Company) was established in 1973 as the first government-owned national company specializing in the marketing and distribution of refined petroleum products in the United Arab Emirates. Currently employing over 5000 employees, ADNOC Distribution has become one of the largest petroleum companies in the Arab Gulf region. Our activities and services include: operating over 175 Service Stations, refueling aircraft at several airports, manufacturing and marketing lubricants locally and internationally to mention a few only.
#J-18808-LjbffrPerformance Management Specialist
Posted 6 days ago
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Job Description
BlackStone eIT is on the lookout for a dedicated and knowledgeable Performance Management Specialist to join our Human Resources team. In this pivotal role, you will be responsible for developing, implementing, and overseeing performance management strategies that drive employee engagement and organizational success. You will work closely with management and staff to ensure that performance evaluation processes align with company goals and provide meaningful feedback for employee development.
Responsibilities
- Design and implement performance management systems and processes, including goal setting, performance evaluations, and development plans
- Provide training and resources to managers and employees on effective performance management practices
- Collaborate with department heads to align performance metrics with business objectives
- Monitor performance appraisal cycles and ensure timely and constructive feedback is provided
- Analyze performance data to identify trends, issues, and opportunities for improvement
- Support succession planning and talent management initiatives
- Develop and maintain performance management tools and resources
- Stay current on industry best practices and trends related to performance management
- Foster a culture of continuous feedback and employee development throughout the organization
- Bachelor's degree in Human Resources, Business Administration, or a related field
- 3+ years of experience in performance management, employee development, or a related HR capacity
- Strong understanding of performance management principles and best practices
- Experience in designing and implementing performance appraisal systems
- Excellent communication and interpersonal skills, with the ability to influence and collaborate at all levels
- Analytical mindset with strong problem-solving capabilities
- Proficient in using HRIS and performance management software
- Ability to maintain confidentiality and handle sensitive employee information
- Strong organizational skills with attention to detail and accuracy
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HR Performance Management Expert
Posted today
Job Viewed
Job Description
A prestigious public sector entity with an exciting mandate to deliver innovative solutions across multiple sectors.
- Develop and implement a performance management framework, incorporating best practices, methodologies, and tools.
- Coordinate with department heads to align KPIs with organisational objectives and ensure they are SMART (specific, measurable, achievable, relevant, time-bound).
- Monitor and track performance against KPIs, providing reports to executive management and recommending corrective actions when necessary.
- Communicate and ensure effective transfer of knowledge on performance goals and KPIs across departments.
- Use data analytics to assess the impact of performance management strategies and propose continuous improvements based on feedback and analysis.
- Bachelor's degree in Human Resources, Business Administration, Organisational Development, or a related field. Master's degree is highly preferred.
- Professional certifications in Performance Management, HR, or related areas (such as CIPD, SHRM, or similar)
- A strategic thinker with proven experience in designing and implementing performance management frameworks, including KPIs at corporate, departmental and individual levels.
- Strong knowledge of performance management methodologies, tools and best practices.
- Proficiency in data analytics and utilising performance data to track progress, assess effectiveness and recommend corrective actions.
- Excellent analytical, communication, and interpersonal skills, with a track record of engaging effectively with senior stakeholders and executives at all levels.
HR Performance Management Expert
Posted 4 days ago
Job Viewed
Job Description
A prestigious public sector entity with an exciting mandate to deliver innovative solutions across multiple sectors.
- Develop and implement a performance management framework, incorporating best practices, methodologies, and tools.
- Coordinate with department heads to align KPIs with organisational objectives and ensure they are SMART (specific, measurable, achievable, relevant, time-bound).
- Monitor and track performance against KPIs, providing reports to executive management and recommending corrective actions when necessary.
- Communicate and ensure effective transfer of knowledge on performance goals and KPIs across departments.
- Use data analytics to assess the impact of performance management strategies and propose continuous improvements based on feedback and analysis.
- Bachelor's degree in Human Resources, Business Administration, Organisational Development, or a related field. Master's degree is highly preferred.
- Professional certifications in Performance Management, HR, or related areas (such as CIPD, SHRM, or similar)
- A strategic thinker with proven experience in designing and implementing performance management frameworks, including KPIs at corporate, departmental and individual levels.
- Strong knowledge of performance management methodologies, tools and best practices.
- Proficiency in data analytics and utilising performance data to track progress, assess effectiveness and recommend corrective actions.
- Excellent analytical, communication, and interpersonal skills, with a track record of engaging effectively with senior stakeholders and executives at all levels.
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HR Associate, Performance Management
Posted 8 days ago
Job Viewed
Job Description
Execute talent development programs and support employee growth initiatives by managing day-to-day talent development activities and maximizing employee engagement • Assist in the implementation and administration of talent development programs, including trainings, workshops, and seminars • Ensure programs are delivered effectively and meet organizational and employee needs • Coordinate logistics for training sessions, including scheduling, venue arrangements, and materials preparation • Manage relationships with external training providers and consultants as needed • Help manage mentorship and coaching programs, including pairing mentors with mentees and tracking program progress • Support the implementation of engagement initiatives and programs. • Help organize and coordinate employee events, recognition programs, and team-building activities • Collect and analyze feedback from engagement surveys and assist in reporting findings • Maintain accurate records of training activities, employee development plans, and program outcomes • Ensure new employees are aware of and can access available development resources • Stay current with trends and best practices in talent development and training • Apply new knowledge to improve existing programs and processes
Requirements
• Bachelor's degree in Human Resources, Business Administration, or a related field • Minimum 4 years of relevant experience focused on Performance Management within the real estate or related sector • Understanding of talent development strategies, training methods, and career development practices • Strong ability to manage multiple tasks, coordinate events, and maintain accurate records • Excellent verbal and written communication skills to effectively interact with employees and stakeholders • Ability to build positive relationships and work collaboratively with employees at all levels • High attention to detail in managing documentation, records, and program execution • Aptitude for identifying issues and developing effective solutions in development programs • Ability to prioritize tasks effectively and meet deadlines • Proficiency in analyzing feedback and metrics to assess program effectiveness • Flexibility to adjust to changing priorities and evolving program needs • Strong understanding of handling sensitive information with discretion and professionalism
About the company
Service Our aim is to provide our clients and candidates with a consistent, quality service that goes beyond the norm, giving them peace of mind and complete trust in our ability to meet their needs. Knowledge Big Fish consultants specialise in their fields and have extensive experience in the region and beyond. We take pride in our knowledge and network and believe that our relationships are built on trust and integrity and are made for the long term. Care At Big Fish, as well as caring for the people we work with, we also care about the world and environment we live in, that's why Big Fish support initiatives that promote human welfare, environmental protection and sustainability.
Lead Performance Management Specialist
Posted today
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Job Description
Manage the development, implementation, and continuous improvement of Nawah, as well as ENEC and BOC’s Performance Management Framework (excluding C Level), focusing on the Corporate Performance and Station 1 & 2 Performance. Manage all Nawah corporate performance activities and instill a Performance Management culture across Nawah.
Key Activities, Responsibility & AccountabilityPerformance Management Framework
- Review the performance of the Performance Management framework (efficiency and effectiveness of the framework) and support in developing recommendations/proposals for Short, Medium, and Long term improvement priorities and plans.
- Lead and work with staff to ensure consistency and accuracy of performance measurement.
- Create and maintain the governance of the performance management within ENEC, Nawah, and BOC (excluding C Level).
- Create the required process and procedure that govern the creation, modification, and elimination of KPIs.
- Create and maintain KPI profile sheets for operational and corporate KPIs for ENEC, Nawah, and BOC (excluding C Level).
- Collaborate with NPI on maintaining the operational KPIs up to date and following the right procedures and templates.
- Share the information of performance-related results flowing from Nawah to other parties including but not limited to SPME, ADQ, BoD.
- Update Nawah Objectives KPIs and targets on an annual basis in coordination with Objective Owners/Sponsors.
- Monitor the progress of Nawah Objectives KPIs and report to Nawah Executive Team (NET) on a quarterly basis during NET Performance Review meetings.
- Monitor, measure the progress, and report on Nawah Objectives KPIs, Nawah Initiatives and annual priorities. Detail Nawah initiatives to measurable milestones and maintain clear records of the agreed milestones and monitoring mechanism.
- Implement Performance monitoring, reporting and analysis frameworks, processes, mechanisms and tools to ensure ENEC, Nawah, and BOC (excluding C Level) accurately, efficiently and effectively monitors, measures, reports, and controls its progress toward its near and long-term business objectives.
- Implement the change controls and change management processes, mechanisms and/or tools to ensure the ENEC, Nawah’s, and BOC Dashboard and all Scorecards, and KPIs remain current and subject to appropriate governance.
- Periodic revision of ENEC, Nawah, and BOC Performance Management procedure (excluding C Level), and other related procedures.
Reporting Performance
- Consolidate Nawah Board of Directors material on a quarterly basis, and provide necessary information for Nuclear Plant Performance Meetings.
- Consolidate Nawah CEO Dashboard, and provide periodic review on Nawah yearly priorities, Nawah Objectives KPIs and WANO KPIs.
- Consolidate, align, monitor, and report the performance scorecards within Nawah Executive Team.
- Facilitate and conduct the quarterly NET Performance Review meetings.
- Monitor, follow up, and report on corrective actions indicated for underperforming KPIs.
- Conduct the required Pre-Job Briefs, communications, presentations with the C-Level across Nawah.
- Report Strategic KPIs to ENEC SPME / ADQ monthly, and any other ad-hoc requests.
- Manage and monitor the reporting of Nawah Monthly Report and assure accuracy and consistency of reporting.
- Ensure reporting systems are developed and maintained to keep pace with organization changes.
- Develop, align, monitor, and report the VP-Level Performance Scorecards and Director-Level Scorecards at Station 1 & 2.
- Review the performance of Station 1 & 2 monthly, and report summary progress during the quarterly Business Review meetings.
- Develop KPI Profile Sheets for all Operational KPIs.
People Management
- Contribute to the development of UAE National employees in a manner that supports the objectives of the corporation and its Emiratization strategy.
- Contribute to knowledge dissemination/sharing in a way that assists with building internal capabilities of UAE Nationals where applicable and maximize their effective performance.
Excellence and Quality Management
- Ensure commitment to a culture of continuous improvement by eliminating waste, following operations procedures, practicing innovation, problem solving, and teamwork; complying with Quality Management System policies and procedures; providing and receiving constructive feedback, and striving to meet quality standards and stakeholder expectations.
- Ensure Commitment to the Nawah Fundamentals.
- Bachelor’s degree in Business, Administration, Engineering, Engineering Management, Operations Management, or similar.
Manager - Cost and Performance Management
Posted 1 day ago
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Job Description
Manager - Cost and Performance Management
Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.
About the business area - Group Risk Management
ADCB prioritises a disciplined approach to risk, recognising its fundamental importance to the Bank’s long-term organisational and financial resilience. Group Risk Management oversees the implementation of ADCB's risk objectives, identifying and addressing gaps in the bank's risk infrastructure/framework. Their responsibilities include nurturing the independence of the risk function, establishing provisioning policies, and introducing changes to energise risk awareness among front office personnel and decision-makers. Continuously tuning the risk organisation in line with market best practices, they manage ADCB's portfolio and associated risks to international standards, while establishing a clear risk culture across all areas of operation.
In this role, your key responsibilities include:
- The role holder is responsible for overseeing cost management, financial reporting, and management reporting within the organization. This includes ensuring accurate accruals for General and Administrative (G&A) expenses, managing prepayments and advances, maintaining amortization schedules, and conducting regular reviews of expenses. The role also involves monthly reconciliation of accruals and prepayments, managing cost and revenue drivers, and identifying risks and opportunities through close collaboration with stakeholders. Additionally, the position requires preparing consolidated financial statements in compliance with accounting standards and applicable laws, while ensuring financial integrity and effective reporting. The holder will monitor performance, liquidity risk, and profit rate management, contributing to the overall financial health and regulatory compliance of the organization.
Customer / Stakeholder
- Ensure to track and setup intuitive MIS for management decision making, provide flash reports and results in timely manner.
- Work closely with ALM Operations – System Support on profit rate & liquidity risk models and reports requirements.
- Work closely with Financial and Management Reporting departments of Parent for effective financial and management reporting.
- Work closely with internal (Business segments) and external (external auditors) stakeholders for effective cost management, financial and management reporting and support business functions with MIS queries.
Processes Cost Management
- Invoice Accuracy & Allocation: Ensure the accuracy of invoices from vendors, allocating all expenses to the correct General Ledgers (GLs) and cost centres.
- Invoice Query Resolution: Liaise with the Budget Control and Payments teams to resolve invoice queries from external parties. Handle all invoicing-related inquiries from bank staff and Group Finance.
- Month-End Reconciliation: Manage month-end reconciliation of payments in collaboration with Group Finance, ensuring all transactions are accurate and timely.
- Accruals & Project Costs Review: Conduct regular reviews of accruals and track project-related costs, ensuring timely and accurate reporting.
- Transaction Reconciliation & Reporting: Prepare reports and reconciliations to ensure accuracy of all transactions related to cost management.
- Prepayment & Amortization Management: Review prepayments and initiate amortization processes with proper expense allocations.
- Annual Budget Preparation: Assist in the yearly cost budget preparation, ensuring that numbers are validated and supported by robust controls in coordination with relevant business units.
- Forecasting Operating Expenditures: Prepare forecasts for the bank’s operating expenditures and validate them through detailed controls in collaboration with business stakeholders.
- Capex & Project Tracking: Manage monthly tracking of Capital Expenditures (Capex) and related projects with stakeholders, ensuring adequate controls are in place.
- Cost Driver Development: Develop and monitor key cost drivers related to the bank’s operations, identifying risks and opportunities by regularly reviewing actual costs in partnership with relevant stakeholders.
- Opex & Capex Utilization Tracking: Ensure the timely tracking and reporting of Operating Expenditures (Opex) and Capital Expenditures (Capex).
- Fixed Asset Management: Oversee fixed asset transactions, ensuring they are recorded and accounted for in accordance with the bank’s policies.
Financial Reporting
- Consolidated Financial Statements: Prepare consolidated financial statements for the Group (including the bank and its subsidiaries) in compliance with relevant accounting laws, regulatory standards, and Group policies. Submit the prepared statements for review by Head of Financial Reporting.
- Reporting Procedures & Internal Controls: Implement and maintain reporting procedures that ensure compliance with internal control requirements, safeguarding the integrity of financial data.
- Accounting Guidance: Provide guidance to business units on the accounting treatment of revenue, ensuring alignment with financial and accounting standards.
- Accounting for New Products: Manage the accounting entries for new products and initiatives, ensuring they are properly documented and approved by relevant stakeholders before implementation.
- Month-End & Year-End Closing: Drive the month-end and year-end closing processes, ensuring that all accounting activities are completed in a timely and accurate manner.
Performance Management
- Segment Financial Performance Analysis: Analyze segment financial performance to support both statutory and management reporting requirements, providing insights into the financial health of each business unit.
- Target Performance Tracking: Track and monitor target performance, ensuring alignment with financial and strategic objectives. Actively participate in business planning, budgeting, and forecasting processes.
- Balance Sheet Planning & Forecasting: Contribute to balance sheet planning, budgeting, and forecasting, ensuring financial assumptions are accurate and aligned with business goals. Participate in balance sheet management benchmarking to assess financial performance.
- Asset Liability Management (ALM) & Reporting: Provide support to the Asset-Liability Committee (ALCO) with respect to all ALM-related reporting, ensuring accurate benchmarking of the bank’s and Group's financial position and performance.
- Budget & Forecast Support: Liaise with business groups to support the yearly budgeting process and provide requested forecasts, ensuring all financial assumptions are properly validated and aligned with strategic goals.
- Board of Directors Presentations: Prepare and present timely and accurate financial reports to the Board of Directors (BOD), including updates on the bank’s financial position, performance, and budget variations. Provide clear analysis and recommendations where applicable.
- Financial Modelling: Develop and maintain financial models to simulate multiple business scenarios, providing insights that facilitate informed decision-making across the organization.
- Profit Rate & Liquidity Risk Management: Monitor and track key financial risks, including profit rate risk, net profit income management, and liquidity risk related to the balance sheet. Ensure risk factors are actively managed and reported to relevant stakeholders.
The ideal candidate should have the following experience
- At least 5 years of experience in relevant field
- Bachelor’s Degree in relevant field
- Knowledge of Financial Tools
- Basel Guidelines
- Internal Control
- Financial Accounting and Reporting
- Performance Management
- Managing Quality and Risk
What we offer:
- Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
- Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
- Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
- Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.
At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.
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Assistant Director- Sales Performance Management
Posted today
Job Viewed
Job Description
About Dubai Holding Real Estate:
Dubai Holding's real estate business has developed strategic destinations and communities that offer unique and attractive lifestyle opportunities to meet the evolving needs of Dubai's residents and visitors alike. As a master developer, we invest in sustainable infrastructure, accessibility, community amenities and family-focused facilities including community centres, mosques, schools, supermarkets and landscaping.
Our integrated real estate offering also includes a robust land sales portfolio, project management for large-scale projects, as well as top-notch facilities management services.
About the Job:
An opportunity has arisen for an Assistant Director- Sales Performance Management to join Dubai Holding Real Estate. They will be responsible for enhancing the sales team's performance, productivity, and efficiency. This role involves developing and executing sales performance strategies, analysing key performance metrics, and implementing innovative solutions to consistently achieve the organization's sales objectives. The main duties and responsibilities of this role:
Sales Performance Strategy
- Support Head of Sales to develop and execute sales performance strategies aligned with the company's business objectives.
- Design frameworks to assess and improve the effectiveness of sales processes, tools, and training to enhance operational efficiency and drive better results.
Performance Metrics and Analysis
- Establish KPIs and benchmarks to evaluate individual and team sales performance, ensuring clear standards to track progress and success.
- Regularly analyze sales data to identify trends, challenges, and opportunities enabling data-driven decisions that support business growth.
- Present actionable insights and recommendations to leadership based on performance metrics to refine strategies and improve revenue performance.
Sales Enablement
- Partner with sales leaders to identify training and development needs for the sales team.
- Collaborate with the Learning & Development team to design and deliver impactful sales training programs that address skill gaps and enhance team capabilities.
- Oversee the rollout of sales tools and ensure adoption to improve productivity and sales effectiveness.
Incentive and Rewards Programs
- Develop and manage incentive programs that align with business objectives and motivate the sales team to achieve and exceed targets.
- Regularly evaluate the effectiveness of reward programs and make necessary adjustments to ensure they remain impactful and aligned with organizational goals.
Collaboration and Stakeholder Engagement
- Work closely with Marketing, Product, and Operations teams to align sales strategies with broader company initiatives, ensuring a cohesive approach to achieving business success.
- Foster a culture of collaboration and open communication within the sales department to create a positive, high-performing team environment.
About you:
The ideal candidate for this position will have the following experience and qualifications:
- Bachelor's degree in Business Administration, Marketing, Sales, or a related field; Master's Degree is preferred
- Relevant Certification in Sales Management or related is preferred.
- Minimum 8-10 years' experience, with atleast 4 year experience in a management role in sales performance, sales strategy, or a related role.
- Extensive network of brokers and agents in Dubai.
- Proven track record of leading and improving sales team performance in a corporate or similar environment.
- Extensive experience in analyzing sales data and leveraging insights to drive decision-making.
- Experience in designing and implementing training programs, sales tools, and process improvements.
- Demonstrated success in managing incentive and rewards programs to enhance team motivation and results.
- Experience working cross-functionally with departments such as Marketing, Product, and Operations to align strategies.
About the Benefits:
At Dubai Holding, we're committed to nurturing the success and well-being of our colleagues. Join our dynamic and diverse team, and enjoy a comprehensive benefits package that includes competitive compensation, career development opportunities, and a collaborative work environment. We strongly believe in creating an empowered workforce that will help us build a connected city for tomorrow. We are committed to attracting the brightest minds and nurturing the most pioneering candidates who desire to make a great impact on the future of Dubai.
#J-18808-LjbffrManager - Cost and Performance Management
Posted today
Job Viewed
Job Description
Manager - Cost and Performance Management
Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.
About the business area - Group Risk Management
ADCB prioritises a disciplined approach to risk, recognising its fundamental importance to the Bank's long-term organisational and financial resilience. Group Risk Management oversees the implementation of ADCB's risk objectives, identifying and addressing gaps in the bank's risk infrastructure/framework. Their responsibilities include nurturing the independence of the risk function, establishing provisioning policies, and introducing changes to energise risk awareness among front office personnel and decision-makers. Continuously tuning the risk organisation in line with market best practices, they manage ADCB's portfolio and associated risks to international standards, while establishing a clear risk culture across all areas of operation.
In this role, your key responsibilities include:
- The role holder is responsible for overseeing cost management, financial reporting, and management reporting within the organization. This includes ensuring accurate accruals for General and Administrative (G&A) expenses, managing prepayments and advances, maintaining amortization schedules, and conducting regular reviews of expenses. The role also involves monthly reconciliation of accruals and prepayments, managing cost and revenue drivers, and identifying risks and opportunities through close collaboration with stakeholders. Additionally, the position requires preparing consolidated financial statements in compliance with accounting standards and applicable laws, while ensuring financial integrity and effective reporting. The holder will monitor performance, liquidity risk, and profit rate management, contributing to the overall financial health and regulatory compliance of the organization.
Customer / Stakeholder
- Ensure to track and setup intuitive MIS for management decision making, provide flash reports and results in timely manner.
- Work closely with ALM Operations – System Support on profit rate & liquidity risk models and reports requirements.
- Work closely with Financial and Management Reporting departments of Parent for effective financial and management reporting.
- Work closely with internal (Business segments) and external (external auditors) stakeholders for effective cost management, financial and management reporting and support business functions with MIS queries.
Processes Cost Management
- Invoice Accuracy & Allocation: Ensure the accuracy of invoices from vendors, allocating all expenses to the correct General Ledgers (GLs) and cost centres.
- Invoice Query Resolution: Liaise with the Budget Control and Payments teams to resolve invoice queries from external parties. Handle all invoicing-related inquiries from bank staff and Group Finance.
- Month-End Reconciliation: Manage month-end reconciliation of payments in collaboration with Group Finance, ensuring all transactions are accurate and timely.
- Accruals & Project Costs Review: Conduct regular reviews of accruals and track project-related costs, ensuring timely and accurate reporting.
- Transaction Reconciliation & Reporting: Prepare reports and reconciliations to ensure accuracy of all transactions related to cost management.
- Prepayment & Amortization Management: Review prepayments and initiate amortization processes with proper expense allocations.
- Annual Budget Preparation: Assist in the yearly cost budget preparation, ensuring that numbers are validated and supported by robust controls in coordination with relevant business units.
- Forecasting Operating Expenditures: Prepare forecasts for the bank's operating expenditures and validate them through detailed controls in collaboration with business stakeholders.
- Capex & Project Tracking: Manage monthly tracking of Capital Expenditures (Capex) and related projects with stakeholders, ensuring adequate controls are in place.
- Cost Driver Development: Develop and monitor key cost drivers related to the bank's operations, identifying risks and opportunities by regularly reviewing actual costs in partnership with relevant stakeholders.
- Opex & Capex Utilization Tracking: Ensure the timely tracking and reporting of Operating Expenditures (Opex) and Capital Expenditures (Capex).
- Fixed Asset Management: Oversee fixed asset transactions, ensuring they are recorded and accounted for in accordance with the bank's policies.
Financial Reporting
- Consolidated Financial Statements: Prepare consolidated financial statements for the Group (including the bank and its subsidiaries) in compliance with relevant accounting laws, regulatory standards, and Group policies. Submit the prepared statements for review by Head of Financial Reporting.
- Reporting Procedures & Internal Controls: Implement and maintain reporting procedures that ensure compliance with internal control requirements, safeguarding the integrity of financial data.
- Accounting Guidance: Provide guidance to business units on the accounting treatment of revenue, ensuring alignment with financial and accounting standards.
- Accounting for New Products: Manage the accounting entries for new products and initiatives, ensuring they are properly documented and approved by relevant stakeholders before implementation.
- Month-End & Year-End Closing: Drive the month-end and year-end closing processes, ensuring that all accounting activities are completed in a timely and accurate manner.
Performance Management
- Segment Financial Performance Analysis: Analyze segment financial performance to support both statutory and management reporting requirements, providing insights into the financial health of each business unit.
- Target Performance Tracking: Track and monitor target performance, ensuring alignment with financial and strategic objectives. Actively participate in business planning, budgeting, and forecasting processes.
- Balance Sheet Planning & Forecasting: Contribute to balance sheet planning, budgeting, and forecasting, ensuring financial assumptions are accurate and aligned with business goals. Participate in balance sheet management benchmarking to assess financial performance.
- Asset Liability Management (ALM) & Reporting: Provide support to the Asset-Liability Committee (ALCO) with respect to all ALM-related reporting, ensuring accurate benchmarking of the bank's and Group's financial position and performance.
- Budget & Forecast Support: Liaise with business groups to support the yearly budgeting process and provide requested forecasts, ensuring all financial assumptions are properly validated and aligned with strategic goals.
- Board of Directors Presentations: Prepare and present timely and accurate financial reports to the Board of Directors (BOD), including updates on the bank's financial position, performance, and budget variations. Provide clear analysis and recommendations where applicable.
- Financial Modelling: Develop and maintain financial models to simulate multiple business scenarios, providing insights that facilitate informed decision-making across the organization.
- Profit Rate & Liquidity Risk Management: Monitor and track key financial risks, including profit rate risk, net profit income management, and liquidity risk related to the balance sheet. Ensure risk factors are actively managed and reported to relevant stakeholders.
The ideal candidate should have the following experience
- At least 5 years of experience in relevant field
- Bachelor's Degree in relevant field
- Knowledge of Financial Tools
- Basel Guidelines
- Internal Control
- Financial Accounting and Reporting
- Performance Management
- Managing Quality and Risk
What we offer:
- Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
- Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
- Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
- Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.
At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.
#J-18808-LjbffrVP Strategic Planning and Performance Management
Posted today
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Job Description
Well established and highly successful organization in Abu Dhabi, competing on an international scale.
Key Responsibilities:- Lead the strategic planning process, facilitating dialogues across business units to align objectives with the company's vision.
- Develop and maintain a comprehensive strategic roadmap, identifying growth opportunities and assessing risks.
- Oversee the development of business cases supporting strategic investments, ensuring thorough financial and operational analysis.
- Establish and drive a performance management framework, including KPIs, targets, and monitoring mechanisms.
- Lead and mentor the strategic planning and performance management team, fostering a high-performance culture.
- Collaborate with finance, operations, and other stakeholders to ensure strategic and operational alignment.
- Present strategic plans and performance reports to executive leadership and the board.
- Master's degree in Business Administration, Finance, Economics, or related field.
- Proven success in an international consulting firm within the Middle East, with both consulting and in-house strategic planning experience.
- Sector experience in utilities, with a strong understanding of its dynamics.
- Exceptional analytical, problem-solving, and data interpretation skills.
- Proactive, hands-on approach with experience in strategy development and implementation.
- Strong leadership and team management capabilities.
- Excellent communication, presentation, and stakeholder management skills, with storytelling expertise for influencing senior leadership.