Associate Director - HO Accounting

  • Not Specified
  • Abu Dhabi, United Arab Emirates
  • Permanent, Full time
  • National Bank of Abu Dhabi
  • 23 Sep 16

The Associate Director – HO Accounting is responsible to provide accurate and cost effective stewardship of IT assets and resources used in providing IT Services. Also, providing budgeting, accounting and charging services to control, manage and recover IT cost.

The National Bank of Abu Dhabi is looking for an Associate Director, Head Office Accounting to take responsibility for providing accurate and cost effective stewardship of IT assets and resources used in providing IT Services. The role will also include providing budgeting, accounting and charging services to control, manage and recover IT cost.

 

Responsibilities

 

  • Monitor and validates the recurring Expenses Vs Budget
  • Assist and train the staff in allocating IT expenses properly by using the correct GL Combinations in Oracle Procurement
  • Prepare IT Depreciation and Operational Reports on monthly basis
  • Control and submit the monthly Provision Report of Operational expenses and Telecommunication links of all NBAD Branches and departments
  • Prepare and verify the monthly Tele-Communication links and Bulk-SMS against approved Provisions and its cost allocation
  • Produce payment history and other expenditure reports of certain branch or overseas recovery
  • Work closely with assigned officers to clear the expenditures booked under Suspense Inventory and other miscellaneous expenses
  • Review the maintenance service agreements and reports any unjustified cost inflation
  • Handle and Update cost allocation and charge back of IT Systems as well as Professional services maintain and required by the bank
  • Respond to any IT financial queries and other related information required by the businesses
  • Review financial spreadsheets and other reports in order to predict current and future IT operational expenses
  • Assist and support the corporate planning, analysis, forecasting, budgeting and reporting processes
  • Actively participate in optimizing IT cost
  • Define and implement new structures and processes required for financial planning and cost analysis
  • Verify all IT related cost/transactions for compliance with NBAD’s financial policies and procedures and ensures that all cost are within the discretion power of each approvers
  • Work with the business stakeholders or business finance representatives to implement and validate the registration, transfers and controls of IT Hardware and Software
  • Produce management information/financial reports as requested by the IT Management, Group Finance and other Businesses
  • Actively participate in drafting policies and procedures and adheres to any existing ones within the area of responsibility
  • Control ITD expenses in terms of cost allocation and further details to ensure that its accurate and related to ITD, in case of any discrepancy we request & follow up the required reversal with concerned department

 

 

 

Experience Needed

  • University Degree in Business Administration / Finance / Accounting / Economics
  • Professional qualifications such as (CA, CPA, ACA, ACCA, CMA or regional equivalent) is preferred
  • Minimum 6 years of experience in IT/similar role.
  • Extensive knowledge and experience in enterprise policies/procedures and commercial regulations relating to IT contracts
  • An eye for detail, good communication and negotiation skills, multitasking abilities, and an extensive knowledge of the field are assets to this role