IT Financial Manager – Banking

Randstad Middle East; Riyadh; On-site; SAR 100,000 - 120,000; Full time

Job summary

Randstad Middle East is looking for an IT Financial Manager for a leading bank in Riyadh, Saudi Arabia. This role involves managing the annual budgeting process, analyzing financial reports, and ensuring compliance with budgeting policies. Candidates should have 5-7 years of relevant experience in budgeting and accounting, alongside strong communication and people skills. A Bachelor's degree in finance or accounting is essential. Proficiency in MS Office, especially Excel, is required.

Qualifications

• 5-7 years of budgeting and accounting experience in a retail bank.
• Knowledge of income statements and balance sheets.
• Strong people skills essential.

Responsibilities

• Assist in annual budget preparation and manage budget data.
• Analyze monthly budgeting and accounting reports.
• Prepare and maintain budgeting policies and procedures.

Skills

Budgeting

Accounting

Project Management

Communication Skills

MS Excel

Education

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

Tools

MS Windows

MS Office

Job description

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

Main Scope of Duties and 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 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

Minimum Qualifications & Experience Requirements

• 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.