IT Financial Manager – Banking (Saudi Nationals only) - Randstad Middle East

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.

• 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..

• Follow internal budgeting processes and controls and maintain budget limitations in alignment with business processes.

• Prepare payment requests for procurements and expenses and ensure that the approvals are routed through the proper management channels.

• Conduct reviews and evaluations for cost-reduction opportunities.

• Liaise with auditors to ensure annual monitoring is carried out.

• Testify before examining and fund-granting authorities, clarifying and promoting the proposed budgets.

• Undertake such other reasonable duties as the line manager may require from time to time.

Job Details

Date Posted:	2013-08-28
Job Location:	Riyadh, Saudi Arabia
Job Role:	Technology/IT
Company Industry:	Banking; Financial Services; Information Technology

Preferred Candidate

Career Level:	Mid Career
Nationality:	Saudi Arabia

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Date Posted: August 28, 2013 at 08:15AM

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IT Financial Manager – Banking (Saudi Nationals only) - Randstad Middle East