AVP - Cost Management

Noor Bank
Dubai, United Arab Emirates
01 Oct 2018
17 Oct 2018

Job Purpose: To maintain, enhance and implement an effective planning and analysis capability for Costs/HC that will provide senior leadership with appropriate analytical tools to establish goals and measure performance. Lead the yearly budgeting and reporting processes and track actual Cost/HC performance against plans.

Key Responsibilities/Output Expected

1. Planning, forecasting, control, monitoring, reporting and daily support of OPEX & CAPEX

• Manages and performs pan bank annual OPEX/CAPEX budgeting exercise.

• Ensures achievement of cost to income ratio target.

• Monitors and ensures completeness of cost records in a monthly bases through month-end closing process.

• Maintains a wide range of periodic cost reports (expense wise, department wise and segmental cost reports) to improve visibility of costs.

• Provide cost report for Financial Packs (Mancom), Business reviews, Functional reviews & Departments by cost center

• Provides a daily support across the organization to ensure smooth operations.

• Reviews the cost allocation methodologies and ratios.

• Enhances and ensuring maximum utilization of technology through process automation and cost reports automation

• Supports cost forecast for the year.

2. Monitoring and recoding leasing revenue of investment properties

• Tracks Investment properties lease agreements.

• Ensures monthly rental revenue recognition.

3. Audit Co-ordination

• Providing all necessary audit related documentation

• Coordinates with other departments to support audit requirements.

• Addressing any audit related tasks which may assigned from time to time.

4. Detailed Cost Analysis

• Conduct a cost deep dive on all cost elements, functions providing insightful MIS

• Liaise with the business/functions heads/teams with respect to their cost base and provide a proactive support in highlighting the areas of concerns

• Support the management in tracking an maintaining lists of unbudgeted/project related expense


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