The Finance Specialist will drive financial strategies focused on Total Cost of Ownership (TCO) within Group Technology, optimize financial activities using Apptio, perform detailed financial analyses, and collaborate with various teams to enhance cost transparency and reporting. This role also involves governance of financial data and continuous improvement of financial processes.
Company Description
FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth.
FAB GBS India is looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.
Job Description
Job Purpose:
The Finance Specialist will be instrumental in driving financial strategies and providing insights for Total Cost of Ownership (TCO) within the Group Technology function.
They will leverage their expertise in Apptio to support the finance function, ensuring alignment with the TBM Taxonomy and Framework.
The role requires a deep understanding of unit pricing and the ability to utilize Apptio for cost transparency and financial analysis.
Key Accountabilities:
Generic Accountability
- Manage and optimize TCO-related financial activities.
- Utilize Apptio to enhance financial reporting and support decision-making processes.
- Implement and maintain TBM practices, ensuring a comprehensive understanding of unit pricing and service catalogues.
- Utilize Apptio to provide accurate financial insights and support cost optimization strategies.
- Collaborate with the TBM Office and finance teams to maintain financial integrity and transparency.
Job Specific Accountabilities
- Apptio Management: Utilize Apptio to analyze and report on Total Cost of Ownership (TCO), ensuring accurate financial insights that support strategic decision-making. Responsible for the configuration and maintenance of Apptio modules relevant to finance functions.
- Financial Analysis & Reporting: Conduct detailed financial analysis to understand and report on cost drivers, investment outcomes, and unit pricing. Translate complex financial data into actionable insights for stakeholders.
- TBM Taxonomy Implementation: Apply the Technology Business Management (TBM) Taxonomy and Framework to categorize technology and business services, enabling a clear understanding of value delivery and cost composition.
- Cost Optimization: Identify opportunities for cost savings and efficiency improvements. Use Apptio to model and forecast the financial impact of proposed changes.
- Stakeholder Engagement: Collaborate with technology and business leaders to align financial management with organizational objectives. Provide training and support on Apptio usage and TBM principles.
- Continuous Improvement: Drive the continuous improvement of financial processes and systems. Stay abreast of industry trends and best practices in TCO management and Apptio utilization.
- Governance & Compliance: Ensure compliance with financial policies and procedures. Oversee the governance of financial data within Apptio, maintaining high standards of data quality and integrity.
Job Context:
Specific Accountability
- Apptio Expertise Application: Apply in-depth knowledge of Apptio to develop and refine models that accurately reflect the Total Cost of Ownership (TCO) for technology investments. This includes creating custom reports and dashboards tailored to the finance function's needs
- Strategic Financial Guidance: Provide strategic guidance on financial matters related to TCO and Apptio utilization. This involves advising on best practices, potential risks, and opportunities for cost savings within the technology finance domain.
- Cross-Functional Collaboration: Work closely with cross-functional teams, including IT, procurement, and operations, to integrate TCO principles and Apptio insights into broader business strategies and decision-making processes.
- Training and Development: Develop and deliver comprehensive training programs on TCO management and Apptio usage to finance team members, ensuring a high level of competency across the department.
- Innovation and Process Improvement: Drive innovation in financial processes by leveraging Apptio's capabilities to streamline workflows, improve accuracy, and enhance the overall efficiency of the finance function.
Qualifications
Minimum Qualification
- Bachelor's degree in Finance, Accounting, or a related field.
- Minimum of 5 years of experience in a similar Finance Business Partner role within a technology-intensive environment.
Minimum Experience:
- Strong knowledge and practical experience with Technology Business Management (TBM) principles, including unit pricing and service catalogue.
- Proficiency in using Apptio for IT financial management and familiarity with TBM practices to drive cost transparency and value.
- Solid understanding of accounting principles, accruals, balance sheet reconciliations, and financial reporting, with a focus on IT finance.
Top Skills
Apptio
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