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
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