Purpose of the Role

The Finance Director is a strategic leader responsible for driving financial excellence at EIA. This role ensures effective management of corporate finance, budgeting, compliance, and risk, while aligning financial strategies with EIA's dual mandate of maximizing financial returns and supporting the UAE's economic priorities. The Finance Director also plays a pivotal role in supporting EIA's Strategy Refresh (SR) initiatives and fostering long-term financial sustainability.

Department Overview

The Finance, Treasury & Investment Operations Department at EIA is a cornerstone of the organization's strategic and operational framework. This department oversees corporate finance, budgeting, treasury management, and investment operations, ensuring alignment with EIA's mission to maximize financial returns and contribute to the UAE's economic priorities. By leveraging advanced financial systems and frameworks, the department plays a vital role in implementing the Strategy Refresh (SR) initiatives, managing risks, and ensuring regulatory compliance.

Strategic Responsibilities

Strategic Financial Leadership

Develop and execute financial strategies that align with EIA's mandate and organizational objectives
Guide capital allocation to balance financial returns with strategic priorities
Partner with investment teams to align financial planning with strategic asset and portfolio management objectives
Provide financial leadership to support EIA's Strategic Refresh initiatives

Compliance and Risk Management

Ensure compliance with UAE regulations, taxation requirements, and IFRS standards
Implement and monitor robust financial controls and risk mitigation strategies
Safeguard financial performance through effective risk identification and management frameworks

Technology Integration

Oversee the adoption of ERP systems and financial tools to enhance data-driven decision-making
Leverage data analytics and advanced systems to support long-term financial sustainability

Core Responsibilities

Budgeting and Forecasting

Lead the annual budgeting process and long-term financial planning
Provide accurate forecasts and performance reports for internal and external stakeholders
Conduct scenario analysis and financial modeling to support decision-making
Monitor and report variances to ensure precision and adaptability in planning

Investment Collaboration

Collaborate with investment teams to integrate financial planning with asset management and portfolio performance reporting
Evaluate and support strategic investments to optimize returns and align with long-term goals

Financial Reporting and Compliance

Ensure all financial reporting adheres to IFRS, GAAP, and UAE regulatory requirements
Present financial analyses and insights to the CFO, executive leadership, and Board of Directors
Conduct variance analyses and performance reviews to ensure transparency and accountability

People Management Responsibilities

Team Development

Mentor and lead a high-performing finance team, fostering a culture of continuous improvement and innovation
Establish clear KPIs, including productivity, innovation adoption rates, and employee engagement scores
Delegate responsibilities effectively to ensure operational efficiency and performance
Foster a culture of excellence, innovation, and accountability across the finance team

Stakeholder Engagement

Present key financial insights to senior leadership, regulatory bodies, and external auditors
Build strong relationships with banking partners, vendors, and strategic financial advisors
Serve as the primary liaison for internal audit and compliance reporting

Requirements

Education

Advanced degree in Finance, Accounting, Economics, or a related field (e.g., MBA, CFA, CPA)
Certifications such as CFA or CPA are emphasized for their critical role in compliance and strategic execution

Prior Experience

Minimum of 12 years of financial management experience, with at least 5 years in a leadership role
Expertise in corporate finance, budgeting, and risk management within a sovereign wealth fund or investment-driven environment
Strong knowledge of UAE regulatory frameworks and global financial best practices

Technical Expertise, Skills Or Knowledge

Advanced proficiency in financial modeling, data analytics, and enterprise resource planning (ERP) systems
Mastery of budgeting, forecasting, and financial performance analysis
Comprehensive understanding of UAE-specific financial regulations and IFRS standards
Strong leadership and stakeholder engagement capabilities
Expertise in integrating financial planning with investment strategies and portfolio management initiatives

Key Role Interfaces

Internal

Chief Financial Officer
Chief Executive Officer
Investment Teams
Risk Management Team
Technology Department
Internal Audit
Senior Management

External

Banking Partners
Regulatory Authorities
External Auditors
Vendors and Financial Software Providers
Investment Counterparties
External Advisors or Consultants

Benefits

The Emirates Investment Authority (EIA) stands as the UAE's only federal sovereign wealth fund, entrusted with the dual mandate of prudently managing and investing the nation's wealth to secure long-term sustainable financial returns and contribute to the UAE's economic growth and prosperity.

Established in 2007, EIA embodies a vision to drive national development by creating industry champions, diversifying economic assets, and supporting critical government initiatives. Governed by the highest standards of integrity and accountability, the EIA strategically allocates capital to maximize financial returns while ensuring alignment with the UAE's long-term priorities

Joining the EIA offers a unique opportunity to be at the forefront of shaping the UAE's economic future. Employees gain access to an enriching environment where innovation, strategic thinking, and excellence drive success. The EIA provides:

Professional Growth: Comprehensive development frameworks that align individual competencies with organizational goals, fostering a culture of continuous learning and expertise
Diverse Experience: Exposure to a diversified portfolio of global and regional investments, spanning multiple sectors, allowing employees to build expertise in high-stakes financial and strategic asset management
Impactful Work: The chance to contribute to transformative national projects and initiatives, playing a pivotal role in creating economic champions that drive the UAE's growth
Collaborative Culture: A performance-driven workplace that values teamwork, innovation, and a commitment to excellence

Emirates Investment Authority

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Finance Director