IT Financial Manager

2 weeks ago


Khobar, Eastern Province, Saudi Arabia Rhine Resources Full time
1. Assist in annual budget preparation and enter budget data into the budget accounting system.

  • Inform unit heads of due dates for the submission of budget information.
  • Review proposed budget submissions from unit heads for accuracy and completeness.
  • Propose enhancements to the budget model.
  • Collate capital budget requests and submit to manager with recommendations.
  • Coordinate capital budgeting approvals.
  • Review the budget model for calculation errors.
  • Create a consolidated budget for management approval.
  • Compare actual to budgeted results at the end of each reporting period.
  • Update the budget model as requested to account for significant changes in the business environment.
  • Maintain the budgeting policies and procedures manual.
  • Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
  • Prepare regular and special budget reports
  • Assist in the preparation of monthly and quarterly management budget and accounts report and respond to queries from budget holders.
  • Adjust budgets as a result of unit heads periodical reviews with management.
  • Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
  • Update budgets and prepare recommendations for the approval or disapproval of funds requests.
  • Review operating budgets to analyze trends affecting budget needs.
  • Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
  • Compile and analyze accounting records and other data and submit recommendations to determine the financial resources required to implement a program.
  • Ensure there is a healthy tension between budget and finances.
  • Advise the IT management and IT unit heads on impact of budget commitments and communicate arising matters.
  • Prepare financial projections for management review.
1. Bachelors degree in accounting, finance, business or equivalent.

  • A solid hands-on experience of 5-7 years in Budgeting and Accounting with proven financial and administrative experience. Knowledge of income statements and balance sheets.
  • Minimum 3 years experience in a Retail Bank, preferably in IT Admin.
  • Experience in IT Procurement or IT Finance
  • Execute tactical and leadership role in the data gathering and analysis of IT related costs
  • Practical IT skills, including a good working knowledge of MS Windows, MS Office and other computing applications. Advanced MS Excel skills.
  • Must have excellent communication and writing skills.
  • Project management experience is highly desirable.
  • Strong people skills are a must.
About The Company

Rhine Resources is a one stop professional service provider specialising in:

  • Human Asset Recruitment, Talent Acquisition & Recruitment Process Outsourcing
  • Information Technology Services & Staff Augmentation
  • Facilities Managed Services.
  • Event Management

Head Office:
The Kingdom of Bahrain with affiliate offices in Mumbai, Hyderabad & Chennai, India

Operations cover:
Middle East, Asia and North Africa

Team:

HR, IT & Finance professionals' expertise with over 25 years of successful career & business experience across the Middle East.

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