Budget & Planning Specialist

To support the Budgeting amp Control Section Head in planning preparing and monitoring the Bank s Budget and Rolling Plan Coordinate with departments consolidate budgets and ensure adherence to financial plans Facilitate the budgetary process and provide financial analysis to support effective management decision-making and strategic alignment

• Budget Preparation amp Consolidation
  • 1 1 Assist in the preparation and consolidation of the annual budget by collecting data from departments business lines and strategic initiatives
  • 1 2 Coordinate with department heads and budget owners to ensure timely and accurate submission of budget proposals
  • 1 3 Provide justifications and explanations to Management and the Board for the proposed budgets
  • 1 4 Preparation amp maintenance of the complete budget working files and related documents
• Rolling Forecasting amp Capital Planning
  • Develop maintain and continuously update rolling forecasts covering profitability balance sheet growth liquidity capital adequacy and key business drivers
  • Coordinate with business units and support functions to incorporate changing market conditions business assumptions and strategic initiatives into rolling forecast models
  • Support the preparation of forward-looking financial projections for Management Board Committees Shareholders and regulators ensuring consistency with approved strategic and business plans
  • Provide forecast inputs and analytical support for ICAAP Capital Planning and other regulatory submissions required by the Central Bank of Oman
• Monitoring amp Performance Reporting
  • 3 1 Monitor departmental and overall budget performance to ensure alignment with approved financial plans
  • 3 2 Identify and analyze variances between actual and budgeted figures and report insights to the Budgeting amp Control Section Head
  • 3 3 Support reforecasting efforts and ensure accurate and timely performance reporting through monthly quarterly and periodic reports including income statements balance sheets and cash flow statements
• Financial amp Strategic Analysis
  • 4 1 Conduct financial and transactional analysis to identify trends cost-saving opportunities and performance improvement areas
  • 4 2 Provide recommendations to improve budget efficiency and support strategic decision-making
• Cost Control amp Optimization
  • 5 1 Implement and support cost control measures including participation in cost review meetings and development of a cost accounting model system for management accounts
  • 5 2 Promote continuous improvement in budgeting and cost management practices by aligning with the best international practices and enhancing productivity
• Strategic Alignment amp Integration
  • 6 1 Support departments in developing strategies aligned with functional and organizational goals ensuring both vertical and horizontal integration
  • 6 2 Prepare financial projections for long-term planning and regulatory purposes including inputs for ICAAP documentation required by the Central Bank of Oman
• Governance amp Compliance
  • 7 1 Ensure all budget-related activities and documentation comply with internal policies and external regulations
  • 7 2 Stay updated with changes in financial regulations and adjust practices accordingly
  • 7 3 Supervise communication and implementation of policies and procedures to maintain adherence to organizational and legislative standards
• Teamwork amp Operational Support
  • 8 1 Manage or support daily operations within the budgeting function enabling effective teamwork and high performance
  • 8 2 Contribute to the ongoing development and refinement of systems processes and reporting frameworks to support operational efficiency
• Other Duties
  • 9 1 Perform any other tasks assigned from time to time by the manager or management

• 1 Internal Board Management amp all internal department and branches As per operational activities
• 2 External Shareholder s Auditors As part of operational activities
• 3 Level of external interaction This position requires a low to medium level of external interaction

Education:

Required:

Bachelor's degree in relevant discipline. Preferred:
Master's degree in relevant discipline and/or professional qualification such as ACCA or CFA.

Experience:

3 to 5 years of experience in relevant discipline. Special Skills & Knowledge:
Strong analytical and numerical skills. Proficiency in budgeting and financial management models and ERP system. Excellent communication and interpersonal skills. Attention to detail and…