Sr.budget Planning Specialists

6 months ago


المملكة العربية السعودية, Saudi Arabia Professional Recruitment Full time

**Duties and Responsibilities**:

- Monitoring and evaluating institutions' budgets, understanding the size and nature of assets and liabilities, and assessing potential risks such as liquidity, credit and capital risks.
- Determine the deficits between assets and liabilities resulting from funding gaps, accruals and similar gaps, measure these cases, and determine the methods of balancing cash flows, rates, accruals, and other factors that lead to a deficit between assets and liabilities.
- Developing financial budget management policies such as restricting the sizes of major asset and liability categories, determining the mix of the financial budget, determining target liquidity ratios, and supervising their implementation.
- Ensure that the financial budget adheres to regulations on relevant topics, such as capital requirements, liquidity ratios, concentration ratios, and funding.
- Studying the volume of total expenditure, financing sources, expected revenues, and preparing annual budget statements using approved forms and items

**Operational roles**:

- Lead the development of the budget preparation plan, including budget objectives, budget schedule, budget preparation responsibilities, and cost determinants
- Justifications for spending, and setting related priorities.
- Defining risks based on the methodology and standards set by the Risk Department (within the Governance, Risk and Compliance Organizational Unit).
- Risk management concerned for the financial management organizational unit.
- Identify solutions and corrective plans to address cases of deviation from approved budgets, and report on them to the relevant stakeholders.
- Participate in planning the monthly cash flows for the internal authorities in the ministry in coordination with the Regulatory Unit for Operations and Banking Relations, to ensure the provision of liquidity to achieve the desired goals of the ministry.
- Following up the annual budget of the Ministry according to the needs of the internal authorities in the Ministry, and following up on its commitment to the budgets approved for it.
- Developing the annual budget of the Ministry in accordance with the requirements of the internal authorities.



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