IDB3175 - Senior Manager, Financial Planning and Budget

This role is responsible for financial planning, forecasting, budget preparation, monitoring and controls. In addition, the role is also responsible for relevant periodic reporting and financial analyses in order to facilitate senior management decision making. 

Core Responsibilities

Financial Planning and Analysis

• Produce regular financial forecasts and analytical reports based on internally developed models.
• Coordinate with the budget unit to consolidate financial projections.
• Conduct financial benchmarking.
• Provide input required for cash flow assessment relating to various quantitative analyses (PML, Stress
• testing etc.)
• Assess or validate the financial viability of a new product/instrument/program or business line.
• Facilitate ITFC's medium-term financial planning.
• Derive tangible connections between ITFC operations and its financial performance.
• Conduct feasibility studies for projects with significant financial, if any.
• Provide senior leadership with critical financial metrics to clarify the financial health of ITFC.

Budgeting

• Ensure availability and implementation of updated budget policies and procedures.
• Prepare the annual administrative budgets in line with the operational plan.
• Perform regular budgeting and utilization reporting, provide the reports to the ITFC management, and propose appropriate corrective actions for variances.
• Prepare budgeting and utilization reporting for all departments' expenses and tracking variances.
• Guide the organizational philosophy on cost controls, expenses, and policies and ensure mechanisms for
• implementation and monitoring as per established standards.
• Incorporate best practices for the preparation of administrative budgets across the organization.
• Provide overall recommendations to the senior management on efficient utilization of the budget.

• Master’s degree in Accounting/Finance or a similar discipline or 
• CPA/ACCA

▪ English is compulsory

▪ Arabic or French are preferable

Minimum 6 years of experience