Head of Finance - Support Functions.Injaz - GHDR CA.Corporate Affairs

Overview

Responsible for managing all Finance related matters (including Budget & Planning, forecasting, Strategy & advice, financial and non-financial MIS Reporting, cost efficiency support) for the 11 Global Functions (headed by EXCO members) and the 3 MGN entities (India, Pakistan and Egypt). This function is also responsible for Transfer pricing within Mashreq and Cost Allocation (working closely with Tax and other Finance departments). This role reports to the Group CFO and is an integral part of the senior management team.

To ensure alignment of Group / Division plans and objectives with corporate strategic priorities and to review, analyze, and provide feedback / recommendations to CFO and Group / Division Heads on business performance. Review the MBO (performance) presentations of Functions and accompany the respective Group Head (EXCO member) during their performance review with Mashreq’s Group CEO, on a periodic basis. Oversee the Company Secretarial Function for MGN India (1900+ Resources), for Tax, Transfer pricing, Finance, Governance, Board meetings, AGMs, and Banking. Also responsible for periodic updates of Statutory audits and financial accounts of the company, across all 3 MGN entities as per local laws. Owner of the Authority Delegation Matrix (ADM) within Mashreq globally. To develop, implement and manage methodology, policies and procedures relating to bank wide (global) planning of Headcount, Capex & Expense and related MIS, ensuring processes operate efficiently and in conformity with changing business needs.

Key Result Areas

• Finance Support and advisory
• Manage the process of formulating Group’s Strategic plan and performance measurement system.
• Carry out the strategic plan exercise and encourage discussions on business strategies, challenge assumptions and provide feedback.
• Work with Group heads (EXCO members) of 11 Global Functions & their Direct Reports across countries, to ensure alignment with the Groups’ objectives and provide finance support on strategic & transactional matters.
• Ensure timely delivery of Global Functions’ financial results and conduct periodic performance tracking against established financial objectives. Identify and monitor Key indicators that Global Functions must manage to achieve the strategic and financial plan.
• Highlight opportunities / threats and drivers of performance vs Plan and trends to Group heads of the various Global Functions.
• Support by working closely with Group head of Global Functions on all strategic projects & matters including cost saving initiatives.
• Introduce value added MIS, analysis, and new techniques to facilitate business decisions. Enhance quality of monthly financial analysis and reports to management for group / division and product performance review and to support business decisions.
• Strategic evaluation of Offshoring / Outsourcing / Insourcing model at various points of time to ensure better cost management.
• MGN Support and Governance
• Lead the finance of all the 3 MGN entities (India, Pakistan & Egypt), ensuring compliance of all statutory requirements including Income Tax, Service Tax, VAT, Transfer Pricing, Regulatory Audit, Statutory Compliance, Customs, Excise laws, etc.
• The company is audited via internal and external auditors, tax authorities etc., and the key role is to ensure financial controls and Governance are in place.
• Oversee the Company Secretarial Function of MGN India. Prepare and Conduct Board Meetings, AGM, Recording of Board minutes, Tracking minutes and its related compliance.
• Manage the Cash Flow of the MGN and optimize the use of liquid assets to ensure higher return.
• Establish clear processes for various financial and Governance risks and ensure all necessary risk mitigants are put in place.
• Effectively manage financials for timely delivery and consolidation of financials with Head Office, management accounting.
• Provide global oversight of the Authority Delegation Matrix (ADM) Function for Mashreq, driving its effective governance, seamless integration, and continuous enhancements within the procurement system to strengthen compliance, operational efficiency, and decision-making agility.
• Group Consolidation & Reporting – Headcount, Capex & Cost
• Develop / automate and manage the Management Accounting processes (including Cost allocation), Budgetary System and related reporting to provide senior management with financial information for decision making.
• Ensure compliance to management accounting and international accounting standards adopted by the bank.
• Manage the deployment and enhancement of systems, tools, and techniques for consolidated reporting.
• Identify tools to manage the overall costs and provide strategic cost savings opportunities across business groups.
• Partnering with the transformation office on governance and control relating to Tech projects and programs within Mashreq.
• Strategic Projects : drive transformation towards full digitalization and AI within Finance (including coming up and implementing new solutions).
• Manage / Facilitate strategic projects (e.g., core banking / ERP replacement, etc.) & other ad-hoc requirements from Group Heads / GCEO. Be a member of Steering committees and working committees in these strategic projects leading the finance stream.

Operating Environment, Framework and Boundaries

Problem Solving

Decision Making Authority & Responsibility

Knowledge, Skills, and Experience

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