AVP- Cost Allocation

Job Purpose:

The role holder should focus on cost allocation rule maintenances, related analytics, cost review, ad hoc MI requirements, cost projects, and to support in the overall objectives of FP&A team in terms of cost allocation automation to assist decisions making. The role holder will be responsible for update cost allocation rule book, cost reporting, designing and development of new reports and to bring efficiency in the overall allocation process Reporting. The role holder would be looked upon for maintenance and governance of HO Cost Allocation Process for UAE and all the group entities, prepare cost MIs and support respective team in key cost related projects and its timely delivery.

Impact Analysis: Perform impact analysis of change (pre vs post) in allocation rule, percentage update, and driver change to give complete analytical view on the performance numbers driven by the suggested change.

Cost Governance: Assist in establishing strong centralised governance around allocation procedures and processes by putting control steps built-in checks, mandatory forms, approval matrix and its implementation.

Data Management: Oversee the management and governance of data to ensure accuracy, reliability, and security.

Streamline and Efficiencies: Rationalizing of allocation rules in logical and sequential manner ensuring efficient cost flow through minimum numbers of rules and same time avoiding any loop in allocation to make it most robust and effective.

Key Accountabilities:

Job Context:

Job knowledge, skills & experience:

5+ years of relevant experience in the banking sector with at least 2 years in similar positions in the Cost Analysis, Cost Optimisation and Cost & MI Reporting.

Academic/Professional Qualifications: