Budget & Planning Specialist

Oman Investment Authority; Muscat; In loco; OMR 15.000 - 30.000; Tempo pieno

Descrizione del lavoro

Oman Investment Authority in Muscat invites applications for a Budgeting & Control professional to support the Section Head in planning, preparing and monitoring the Bank's Budget and Rolling Plan.

The role involves consolidating departmental budgets, coordinating with leaders, maintaining working files, and delivering monthly and quarterly performance reports to management and regulators. Fluency in Arabic and English is preferred, with strong analytical and ERP budgeting skills.

Competenze

• Bachelor's degree in a relevant discipline is required; master's preferred.
• 3 to 5 years of experience in budgeting, financial management or related area.
• Strong analytical and numerical skills with attention to accuracy.
• Proficient in ERP-based budgeting and financial planning models.
• Excellent written and verbal communication; fluent in Arabic and English.

Mansioni

• Assist in annual budget preparation and consolidation from departments.
• Coordinate with budget owners for timely submission of proposals.
• Provide justifications to Management and Board for proposed budgets.
• Maintain complete budget working files and related documents.
• Develop and update rolling forecasts for profitability and capital planning.
• Support regulatory submissions and ICAAP documentation where needed.
• Monitor budget performance and analyze variances.
• Support monthly, quarterly, and periodic financial reports.

Conoscenze

Analytical skills

Numerical skills

Budgeting models

ERP proficiency

Communication skills

Interpersonal skills

Attention to detail

Spreadsheets

PowerPoint

Arabic & English

Formazione

Bachelor's degree

Master's degree preferred

ACCA/CFA preferred

Strumenti

ERP systems

MS Excel

MS Word

PowerPoint

Budgeting software

Descrizione del lavoro

Role Objective

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

Duties and Responsibilities

• 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

Key Interactions

• 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

Minimum Education, Qualifications & Skills

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 accuracy in financial reporting. Proficient in spreadsheets for data analysis, budgeting models, and financial reporting. Good command of word applications for report writing and documentation. Fluent in Presentation applications for preparing budget presentations and communicating financial insights to management. Fluent in reading, writing, and speaking Arabic and English