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Job ID: 238463

Executive Director, CFO
UAE University


Date Posted Jul. 2, 2024
Title Executive Director, CFO
University UAE University
Al-Ain, Abu Dhabi, United Arab Emirates
Department UAE University
Application Deadline Jul. 29, 2024
Position Start Date Available immediately
 
 
  • Director/Manager
  • Financial Planning/Budget Management
 
 
Job Description
  • The Chief Financial Officer and his/her teams will be responsible for financial planning; budget development, budget analysis and execution; testing, refinement and implementation of allocation methodologies; maintenance of complex, integrated accounting systems; accounts payable; payroll; accounts receivable; cashier functions; banking; internal controls; procurement; costing analysis and, financial reporting
  • The CFO contributes to the development of University-wide strategic planning and directs the formulation and execution of the University’s financial plans and operations in a manner consistent with the University’s strategic plans.
  • Participating in developing action plans and major programs for the department and supervising their implementation after their approval.
  • Coordinating, supervising and organizing work between Financial Affairs’ sections and the department as a whole.
  • Proposing the suitable financial policies and procedures
  • Issuing the necessary internal instructions that include the proper conduct of work within the department.
  • Serving as a chair or a member in committees and taskforces formed by decisions of the Vice-Chancellor or the Secretary-General. Detailed Duties
  • Oversee the integration of all financial functions, including: reporting, cash management, diversifying revenues, collections, cash flows, and research funding.
  • Establish appropriate metrics to measure and motivate business unit performance. This person will be the implementer and driver of change.
  • Develop, evaluate, and communicate short- and long-term fiscal strategies that align with the Strategic Plan. Such strategies will incorporate the use of budget and data analyses, financial planning, resource assessment, financial modeling, and forecasts.
  • Directs the formulation and execution of the University’s financial plans and operations in a manner consistent with the University’s strategic plans.
  • Advise the Vice-Chancellor and the Secretary-General on the allocation and administration of the University budget, while proactively positioning the University to best navigate a dynamic financial landscape.
  • Provide financial oversight and direction to the core service functions of the Sections: Budget and Financial Analysis, Financial Operations, and Management Accounting & Reporting.
  • Represent the University in external negotiations and discussions with various Federal Government agencies and external organizations on finance-related matters.
  • Manage relationships with College and Department finance officers.
  • Provide leadership on to financial reporting and analysis and ensure that all fiscal-related policies and procedures are in compliance with all regulatory requirements and optimize the University’s performance
  • Perform fiscal analyses for legislative and campus-wide initiatives.
  • Analyze the University’s revenue streams, financial ratios, and proposals for capital projects and develop alternative strategies, as appropriate
  • Serve as the focal point for the development of the overall university finance function. Assess the current capabilities within the organization and identify which resources must be strengthened.
  • Ensuring timely and accurate completion of the university’s financial statements and coordination of the external audit.
  • Supervising employees in developing annual budgets that support operational plans and submitting budgets for approval.
  • Making appropriate decisions related to the department in coordination with the relevant university administration.
Minimum Qualification

A Bachelor’s degree in accounting, finance or other business discipline is required, and certification as a (CPA/CA).

Preferred Qualification

Masters degree in an appropriate field from an accredited institution and certification as a (CPA/CA).

Expected Skills

Rank/Experience/Skill Set

  • Fifteen years of significant fiscal management responsibility with direct responsibility in areas of fiscal analysis, forecasting, accounting, and financial reporting.
  • At least five years in senior level positions.

Leadership Competences

  • Strategic thinking
  • Empowering employees and developing their capabilities
  • Leading change

Core Competences

  • Accountability
  • Effective resource management
  • Focus on customer service and results
  • Communication and interpersonal skills
  • Teamwork

Specialized Competences

  • Knowledge of IPSAS accounting standards and relevant legislation
  • Knowledge of the principles of setting and preparing budgets
  • Knowledge of advanced management approaches and methods
  • Knowledge of performance evaluation approaches and methods
  • Knowledge of the principles, concepts and theories related to financial systems
  • Advanced verbal and written communication skills and experience in board presentations in English and preferably in Arabic.
  • Knowledge of performance management and organizational development
  • Knowledge of the department’s work procedures and the work of the university as a whole.
Special Instructions to Applicant

Please submit your CV and covering letter explaining how you meet the job requirements


 
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Contact Information

 
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