IT Financial Manager – Banking
5 days ago
IT Financial Manager – Banking
A leading Bank in Saudi Arabia is seeking an IT Financial Manager.
Section/Unit: IT Vendor Management
Division: IT Operations
Group: IT
Reports to: IT Financial Head
Main Scope of Duties and Responsibilities
- 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.
Minimum Qualifications & Experience Requirements
- 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. Project management experience is highly desirable. Minimum 3 years' experience in a retail bank preferable in IT Admin. Experience in IT procurement or IT Finance. Strong people skills are a must.
- 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.
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