IT Financial Manager

Rhine Resources; Al Khobar; On-site; SAR 150,000 - 200,000; Full time

Job summary

A professional service provider in Al Khobar is seeking a Budgeting Specialist. The role involves budget preparation, analysis, and financial reporting. Candidates should have 5-7 years of experience in budgeting and accounting, preferably in a retail banking environment. Excellent communication and IT skills, particularly in MS Excel, are essential. This position offers opportunities to work with diverse finance-related projects.

Qualifications

• 5-7 years in Budgeting and Accounting with proven financial and administrative experience.
• Minimum 3 years experience in a Retail Bank, preferably in IT Admin.
• Strong people skills and project management experience.

Responsibilities

• Assist in annual budget preparation and enter budget data.
• Review proposed budget submissions for accuracy.
• Analyze monthly department budgeting and monitoring expenditure controls.

Skills

Budget preparation

Analytical skills

Advanced MS Excel

Communication skills

IT Procurement knowledge

Project management

Education

Bachelor's degree in accounting, finance, business or equivalent

Tools

MS Windows

MS Office

Job description

Responsibilities

• 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 reports 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 program.
• Ensure there is a healthy tension between budget and finances.
• Advise the IT management and IT unit heads on impact of budget commitments and communicate arising matters.
• Prepare financial projections for management review.

Qualifications

• 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.
• Minimum 3 years experience in a Retail Bank, preferably in IT Admin.
• Experience in IT Procurement or IT Finance.
• 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.
• Project management experience is highly desirable.
• Strong people skills are a must.

About The Company

Rhine Resources is a one stop professional service provider specialising in:

• Human Asset Recruitment, Talent Acquisition & Recruitment Process Outsourcing
• Information Technology Services & Staff Augmentation
• Facilities Managed Services.
• Event Management

Head Office: The Kingdom of Bahrain with affiliate offices in Mumbai, Hyderabad & Chennai, India

Operations cover: Middle East, Asia and North Africa

Team: HR, IT & Finance professionals’ expertise with over 25 years of successful career & business experience across the Middle East.