PURPOSE OF THE JOB To act, and be viewed, as business partner to the UAE CTSO and the heads of the various SSO functions within the UAE/ Manage all accounting (including accruals) and …
Read more from the original source:
PURPOSE OF THE JOB
To act, and be viewed, as business partner to the UAE CTSO and the heads of the various SSO functions within the UAE/
Manage all accounting (including accruals) and financial reporting for all HTS activities in the UAE, in accordance with all HTS Finance policies and procedures, while ensuring alignment with Group Finance and Regional Finance functions.
Lead the development and provision of financial management information for the HTS organization, ensuring timeliness and accuracy, and proactively identifying opportunities to reduce and/or better manage the HTS costs around the region.
PRINCIPAL ACCOUNTABILITIES
Controlling HTS UAE P&L:
Responsible for all accounting (including accruals) and financial reporting for all HTS activities domiciled in the UAE, in accordance with all HTS Finance policies and procedures, while ensuring alignment with Group Finance and Regional Finance functions
Manage expense control procedures for all HTS functions domiciled in the UAE.
- Drive HTS UAE alignment to the regional cost management framework
- Ensure that the financial records within the remit of HTS Finance are kept up to date and all financial control procedures such as reconciliation of accounts, balancing of suspense accounts, subsidiary ledger controls etc are carried out in a timely fashion.
- Implement new financial and accounting standards which impact HTS
- Develop and implement solutions to enhance the controls around the UAE HTS accounting procedures to minimize accounting and P&L risk for the business.
- Identify opportunities to streamline processes across the scope of opportunities and develop and implement appropriate action plans.
- Facilitate the prompt settlement of all invoices; ensure proper aging of receivables and payables and any related analysis which is provided to HTS Senior Management
- Drive the consistent application of the depreciation policy relating to software development costs and other capital expenditure
Business Partner to the UAE CTSO
- Primary finance business partner for the UAE CTSO and direct reports
- Develop and deliver all financial MI for the UAE CTSO ensuring complete alignment with any local reporting created by the UAE Finance team
- Develop and provide non-standard analysis that will help guide business decisions within the UAE.
- Identify and implement changes to existing processes to improve transparency and timeliness.
Planning and Forecasting
Responsible for collation and submission of HTS UAE plan for both country and regional teams into HMI and into HTS TM1
- Critically review initial plan/forecast submissions for reasonableness.
- Lead the review of plans and forecasts with the UAE CTSO
- Create value added analysis on the Rolling Operating Plan for HTS Senior Management
Leadership & Management
Manage the activities of the HTS Finance accounting team
- Coach team members and improve their understanding and awareness of wider finance / accounting issues.
Influence teams where no direct reporting relationship exists (e.g. the broader UAE Finance team and Finance Systems team)
Ensure Maintenance of HSBC Internal Control Standards
Ensure compliance with FIM requirements and Group procedures.
- To maintain HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.
Additional Information
| Industry: |
Banking |
| Job Location: |
Dubai, United Arab Emirates |
| Career Level: |
Management |
| Date Posted: |
2011-04-06 |
Apply Now – Jobs in UAE – Jobs in Abu Dhabi – Jobs in Dubai – Search All Jobs
