About the job
Summary:
Budgeting Officer assists the Financial Planning & Analysis Head in all matters related to Performance Analysis, Budget variance analysis function as well as manage and supervise the following functions:
Participate in the banks strategy Formulation & Development which aligns with Banque Misrs vision.
Perform and support in the Formulation of the Bank Business plan, Budget & Forecast.
Providing Accurate Variance Analysis Reports in a timely manner to facilitate & direct decision making. Provide Budget Analysis opinion, advice, and solutions across the bank.
Designing effective budget models for LOBs and departments Provide Budgeting opinion, advice, and solutions across the bank.
Duties and Responsibilities:
Designing effective budget models for departments and support all entire Bank in Budget process.
Develop the concept of Rolling Forecast to determine the banks financial risks arising from external environment and reflecting those factors on the banks forecasting.
Act as a source of Expertise and provide Budget Analysis Consultations and Advisory services to executives and line managers in other areas across the bank to ensure that finance best practices are provided and applied throughout the bank.
Establish Budget cost breakdown structure and Budget variance analysis.
Perform Budget analysis reports to closely monitor the business progress vs. the budget through the LOB Review, Segment profitability, Branches profitability, Product profitability, Customer profitability and finally Actual vs budget Variance Analysis.
Perform Budget analysis to Provide management with reasons of variations of actual performance vs. budget, and provide financial advice to mitigate the variation and risks.
Behavioral Skills:
Collaboration & Creating Synergy.
Innovation & Go Digital.
People Centricity.
Agility & Resilience
Technical Skills:
Problem-solving Ability.
Strategic Thinking.
Global banking Expertise.
Data Visualization & Presentation.
Technological Competencies:
Microsoft Word, Excel, Access, and Power point.
Banking System.
Financial Analysis Applications
Qualifications and Experience:
Excellent forecasting, budgeting, and planning modeling.
Excellent analytical and financial modeling skills.
Excellent Interpersonal and presentation skills.
Accounting qualification.
+ 3 years of experience.
The UAE banking sector is in surplus.
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