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    Closed or Expired Job Posting This job posting is closed or has expired and is no longer open for applications.

    Senior Manager HTS Finance

    HSBC - Dubai, UAE

    diksha bachani

    Job Description

    PURPOSE OF THE JOB

    To act, and be viewed, as business partner to the local CTSO and the heads of the various SSO functions across the Middle East region.

    Responsible for all accounting (including accruals) and financial reporting for all HTS activities in the Middle East region, in accordance with all HTS Finance policies and procedures, while ensuring alignment with Group Finance and Regional Finance functions.

    To develop and provide all financial management information for the HTS organization, ensuring timeliness and accuracy, and proactively identifying opportunities to reduce and/or better manage the HTS costs around the region.

    Responsible for collation and submission of HTS plan information into Group Finance systems and ensuring agreement between IT planning systems (nPDM) and Finance systems (TM1).

    PRINCIPAL ACCOUNTABILITIES

    Controlling HTS P&L: Responsible for all accounting (including accruals) and financial reporting for all HTS activities in the Middle East region, in accordance with all HTS Finance policies and procedures, while ensuring alignment with Group Finance and Regional Finance functions.
    •Develop and manage expense control procedures for HTS.
    •Identify and implement cost savings and administrative / internal controls.
    •Research alternative accounting treatments for unique transactions in conjunction with regional CAO.
    •Implement new financial and accounting standards which impact HTS.
    •Undertake the accounting process for all SSO/HIBS billings, and facilitate from a finance perspective the rollout of SSO methodologies for HTS.
    •Facilitate cost centre level reporting as directed by HTS business heads as part of local cost management disciplines.
    •Facilitate the prompt settlement of all invoices; ensure proper aging of receivables and analysis thereof which is provided to HTS business heads.

    Sole source of HTS Financial MI: To develop and provide all financial MI for the HTS organization, ensuring timeliness and accuracy, and proactively identifying opportunities to reduce and/or better manage the HTS costs around the region.
    •Develop and deliver all financial MI for the CTSO function so that there is ‘one version of the truth,’ ensuring alignment with Group requirements and standards and consistency with regional Cost Management Framework being developed.
    •Provide Financial ‘Dashboards’ as part of Group and local Balanced Scorecards.
    •Ensure timely submission of monthly Financial MI statement, including commentary, to Group HTS BI&A in line with established Group HTS policies.
    •Ensure the legal entity Chart of Accounts / hierarchy are set up to facilitate the automated generation of MI in accordance with HTS business requirements.
    •Undertake analyses of the business on behalf of HTS senior management as directed locally, functionally, or globally.

    Planning and Forecasting
    •Responsible for collation and submission of HTS plan information into Group Finance systems and ensuring agreement between IT planning systems (nPDM) and Finance systems (TM1).
    •Ensure appropriate commentary and analysis accompanies plan submission to facilitate better understanding of the numbers and the drivers thereof.

    Leadership & Management
    •Lead, manage, and develop own team.
    •Influence across countries and teams in region where no direct reporting relationship exists.
    •Represent the region in Global HTS Finance forums and committees and influence outcome through active participation.

    Ensure Maintenance of HSBC Internal Control Standards
    •Ensure compliance with FIM requirements and Group procedures.
    •To maintain HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators.

    Skills

    MAJOR CHALLENGES

    •The main challenges are in the tools deployed to meet the job requirements and the ever-changing environment. The overall requirements of the jobholder is subject to regular and substantial change due to the continuing evolution of Middle East and the CTSO function within the wider context of Group Planning & Finance department
    •The jobholder is subject to limited supervision and is ultimately responsible for HTS P&L. The jobholder is principally responsible for ensuring that we adhere with accounting standards.
    •As part of this requirement the jobholder should ensure that procedures are in place for the process we manage and that these are robust and fully auditable.
    •The jobholder is empowered to make decisions where a benefit to the process is identified and with close liaison with the jobholders peers who may be impacted by a process change.
    •Demands of a matrix organisation with dual reporting line to local MI Head as well as to Global HTS Finance Head.
    •The demand for robust, consistent and actionable cost MI is growing daily and will continue to challenge the jobholder.

    EXPERIENCE/SKILLS REQUIRED

    •University Degree (BA/BS) required
    •Qualified Accountant
    •Minimum 8-10 years experience in finance role, preferably in the financial services industry
    •Strong leadership, interpersonal and communications skills.
    •Commercially focused, with strong analytical, critical thinking, and problem solving skills
    •Proven ability to innovate and drive change within a large organization
    •Project and time management skills
    •Ability to work in a complex and matrix management environment

    Job Details

    Job Location:
    Dubai, United Arab Emirates
    Company Industry:
    Banking
    Company Type:
    Employer (Private Sector)
    Job Role:
    Accounting/Banking/Finance
    Joining Date:
    Unspecified
    Employment Status:
    Unspecified
    Employment Type:
    Unspecified
    Monthly Salary Range:
    Unspecified
    Manages Others:
    Unspecified
    Number of Vacancies:
    1

    Preferred Candidate

    Career Level:
    Management
    Years of Experience:
    Unspecified
    Residence Location:
    Unspecified
    Gender:
    Unspecified
    Nationality:
    Unspecified
    Degree:
    Unspecified

    About This Company

    HSBC Bank Middle East Ltd has been a principal member of the HSBC Group since 1959. The Bank's unique relationship with the Middle East dates back more than a century. Today HSBC Bank Middle East Ltd is the largest and most widely represented international Bank in the Middle East, with 30 branches and offices throughout the United Arab Emirates, Oman, Bahrain, Qatar, Jordan, Lebanon and the Palestinian Autonomous Area. This extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt, and by its associate companies, The Saudi British Bank and the British Arab ommercial Bank. In addition to its Middle Eastern network, the Bank has a branch in London, UK, and a representative office in Tehran, Iran. The Bank offers personal financial services, corporate and institutional banking, global cash management, trade services, treasury and custody and clearing services. HSBC plays an important role in the communities which it serves by supporting a wide range of charitable and community projects, principally through the HSBC in the Community Middle East Foundation, a £1 million sponsorship initiative. Headquartered in London, HSBC Holdings plc is one of the largest banking and financial services organisations in the world with some 9, 500 offices in 79 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC Group has assets of US$ 983 billion as at 30 June 2003.