IT Financial Manager – Banking

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

• 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 progra

• 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.