Business Finance Analyst

Job Purpose: JOB PURPOSE To provide dedicated financial support to a
department by ensuring that all income, expenses, commitments are effectively
managed and controlled through accurate financials. Provide business
intelligence and insight from analytics, trace and track of business
performance covering cost, expenditure, currency, commitment, cash, inventory,
margin, market share, and competition. Enhance performance monitoring through
active engagement and partnering with the business using domain specific deep
dive reports, identify key issues, risks, KPI trends, exceptions to the
management highlighting granular understanding of the key drivers that impact
all aspects of the financials. Provide financial decision analysis
recommendations to the business using appropriate models that fits the
business domain. JOB ACCOUNTABILITIES ‎1. Provide front line advice to complete
medium term pan and annual budget submission to Cost Centre holders.
Responsible for timely completion of budget consolidation at a division level,
demonstrating productivity improvements year on year. Provide back up evidence
to Finance Manager with detailed analysis, in order to appropriately challenge
budget assumptions. Ensure that the budget focuses on KPIs for each part of
the business and is aligned to the long term plan. ‎2. Understand the cause and
effect by business domain impacting cash - both inflows and outflows from
operations, from planned investments/capex initiatives and from financing
activities. Develop appropriate cash flow models to be produced monthly with
ability to flex for frequent changes introduced - both tactical and strategic
covering period ranging from annual to three year rolling basis with
sensitivities built in. ‎3. Provide continuous hands-on guidance to business
managers in terms of financial awareness by educating on Governance such as
Authority manual, Capex v/s Opex, Cash view v/s Profit/Loss view, business
domain specific financial system and procedures, best practices, specific to
business domain cost and revenue drivers, building business cases with
businesses developing understanding of financial terminologies such as Net
Present Value (NPV), and Return On Investments (ROI) etc. ‎4. Support
Performance management through active engagement with the business and
production of requisite reports - at regular specified intervals and focus on
diagnosis to provide alternative solutions/recommendations pro-actively for
business improvements through influencing change. Ensure all standard
reporting is centralised with Shared Services in MIS whilst enabling through
standardised tool and processes that allow ad hoc reports to be generated with
speed, accuracy and agility to support urgent business need. ‎5. Generate and
analyse periodic forecasts at the department (cost centre and profit centre)
level and corporate level that will include the impact of any post-budget
development, not originally planned e.g. unbudgeted stations, routes, aircraft
acquisitions and delayed recruitment etc. in order to highlight the reasons
for deviations. Develop models that support Activity Based Costing, Origin
Destination revenue analysis on margins and market share, key drivers and its
Cause/Effect, What ifs, and Sensitivities ‎0. Provide financial information to
the business managers to challenge the need, assumptions and assist to
initiate work flow processes such as RFPs, P2P, ITSRs, MREs. Recommending for
approval in line with pre-approved authority limits. Provide guidance to
business managers in new business initiatives to secure financially acceptable
Governance, solutions, highlighting issues where new ventures and initiatives
impact existing finance processes, procedures and policies. ‎1. Provide
requisite analysis and details to Group Finance to perform financial
accounting activities. Ensure adequate validation of invoices, accrual
generation and reconciliations with appropriate analysis in order to justify
accounting activities to internal and statutory auditors. ‎2. Update the
Standard Operating Procedures for each business domain. Assist the business in
establishing end to end financial procedures consequent to new initiatives or
new information and provide data capture for new analysis needs using
appropriate changes to chart of accounts. Provide detailed analysis of new
capex and opex projects and actively engage within One Finance enabling
effective communication within Finance and in turn ensuring the business gets
the best overall finance delivery. ‎3. Research and maintain updated relevant
benchmarking statistics on key performance indicators of the business,
competitors and industry, providing analysis for opportunities to enhance
revenue, reduce costs and optimise resources. Provide support to the business
in the evaluation of high value contracts to ensure financial risks and
concentration risks are adequately covered. In consultation with Business
Finance Manager work towards own development in analytical skills,
presentation skills, communication skills and be self-aware. Also coach staff
directly reporting into the job holder.
Qualifications & Experience: MINIMUM
KNOWLEDGE/EXPERIENCE/TRAINING/QUALIFICATIONS A Graduate in Commerce with ‎7
years' experience OR a qualified accountant with ‎3 years' experience.
Experience in Finance/Management Accounting in a large organisation is
necessary. EXPERENCE IN THE FOLLOWING AREA IS PREFFERED Information Technology
(IT)
Salary & Benefits: Join us in Dubai and enjoy an attractive tax-free salary
and travel benefits that are exclusive to our industry, including discounts on
flights and hotels stays around the world. You can find out more information
about our employee benefits in the Working Here section of our website
www.emirates.com/careers. Further information on what's it like to live and
work in our cosmopolitan home city, can be found in the Dubai Lifestyle
section.