Head Real Estate, Property & Finance

Job Purpose Manage Admin Real Estate , Property and Finance to find, evaluate, propose and finalize new real Estates for Mashreq's various business units, as well as to Manage Central Bank relationships of new, renewal and closure premises as per Mashreq Management and Business decision. Central interface between Admin and the Business Groups across Mashreq for all the matters relating to financial approvals, rent chargeability, compliance and risk related issues, timely vendor /supplier payments, management reporting, centralized of LPOs through Oracle system, Administer Mashreqbank’s owned/refinanced properties at the highest level of efficiency as per directions and policy of the Bank to help in achieving profitable goals within the agreed parameters and to effect maximum profits for Real Estate Branch, EBSU,ATMs and offices etc. Supervise the property units at Dubai, Abu Dhabi and Ras Al Khaimah across Mashreq bank. Oversee the financial & operational performance of all Mashreq RE & properties. Admin, Owned Properties Budget & MB Premises, Property Mahsreq Global HQ and overall MB owned premises, rented and property management with excellent financial control, savings internal & external entities. To ensure that Mashreqbank’s real estate investment and franchise is protected to the greatest extent possible through professional, effective and prudent management of building operations, the expense base and an effective premises strategy. Responsible for leading teams, both local and remote. Strong leadership skills, including the ability to inspire, motivate, and guide teams towards achieving goals, are significant attributes for this role. Manage overseas , MGN location financial , Real Estate search , negotiation with LL , cost control and operational Procedure Key Result Areas:- Finance management and operational control: Developing, implementing, and managing Finance strategy for the portfolio to support the business plan for MB premises , offices and own properties. Implement Control for the release of payments strictly in accordance with the parameters defined in Authority Delegation Manual or any other sub-delegated documents Control timely release of payments to vendors, thereby improving Bank's image and reputation in the market. Prepare and submit for review the financial budget plan for Admin. Dept and owned Building (HQ, DOZ1&2, DIC, Head office , ……….) Monitor control annual budget periodically for Property Unit / Admin department and for owned Building (old HQ, DOZ1&2, DIC, Head office etc. Ensure that the expenses are booked according to the policies defined in APM Review and update SOPs for admin department Adhere to the vendor management policy and the tendering process for all the CAPEX/OPEX Maintain close coordination with the Financial Units of all the Business Groups / Support Divisions accurate rent chargeability, utilities, Maintenance ….etc. for the premises occupied /owned office / branches/ ATMs / offices etc. Prepare changeability for various services of MB activities within UAE Review and control (against documentation / budget / commitment) every payment made for Mashreqbank to external suppliers of goods services and staff in Oracle Financials (Accounts Payable) in line with Accounting & Procedures Manual under approved Chart Accounts duly segregated for Branch, Business Group, Centre and Product, and- avoid duplication of payment in order to evade inherent financial risks. Organize restructuring of expanses' booking methodology in coordination with the financial Control. Supervise monthly reconciliation of prepaid/sundry accounts & GLs with CAD Monitor control Capitalization of admin Project with CAD and accounting related issues Coordination with Business Groups across Mashreq for Projects Capitalization Manage Admin Project Guarantees letters and to Prepare monthly proof for prepaid accounts and follow up Bank Guarantees renewal as well on time for smooth control. Conceptualize system capability enhancement/automation of manual processes and develop specifications, testing and authentication of correct result for implementation. Provide accurate & timely information to Central Accounts for booking the property income and accruals thereof owned building Administer Custody of original documents (security cheques, bank guarantees, performance bonds, title deeds, affection plans etc.) submitted by the vendors in connections with the supply of goods / services s to Mashreqbank Manage (centralized) issuance of LPOs through Oracle System, eliminate manual efforts and generate MIS smoothly following digitalization process Check for accuracy of invoices, due authority, confirmation for receipt of goods/services, LPOs issued, and avoid duplication of payment in order to evade inherent financial risks. Prepare information for the regulatory authorities / Real Estate Bank

Minimum qualifications not explicitly labeled; the posting details senior leadership experience, cross-functional management, and finance/accounting proficiency. Specific hard requirements are not enumerated as bullet qualifications in a distinct section.

Manage Admin Real Estate, Property and Finance; oversee financial and operational performance of Mashreq RE & properties; lead teams locally and remotely; manage overseas/MGN location financials; real estate search and negotiation with landlords; cost control and operational procedures; finance management and control, budgeting, vendor payments, Oracle Financials (Accounts Payable), capitalisation, project guarantees, and LPO administration; ensure compliance with policies, Tendering, and vendor management; develop system enhancements and automation; provide timely information for accounting and regulatory reporting; centralize LPO issuance and management reporting; maintain custody of key documents and bank guarantees; coordinate with Business Groups for capitalization of projects; ensure rent chargeability, utilities, maintenance, and risk controls.