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Description
JOB PURPOSE:
Responsible for the operation of day-to-day financial management activities including reconciliations, budget preparation, planning, costing, forecasting, reporting, and analysis and ensure the smooth flow of internal financial controls and procedures to enhance efficiency and deliver decision support to executives and business units in align with the bank strategy with high credibility, competence, and integrity.
Description
1.Preparation and review of the annual technology budget (CAPEX / OPEX) process, as well support for IT projects and capital investments business cases.
2.Approve and track invoices for vendor payments and ensure proper documentations, recording of expenses according to policies and procedures
3.Ensure periodic IT budget and invoicing and budget reconciliations are completed and documented.
4.Provide financial analysis/reports and recommendations for IT leadership and senior managements needed, in particular for technology services, capital investments, pricing decisions, and contract negotiations
5.Provide monthly financial reporting including variance and trend analysis for IT and business leadership including Chargebacks/IT bills, projects budget utilization and forecasts.
6.Develop financial models to analyze and summarize complex technology investments/projects and its related impact on the cost/profitability/statements.
7.Ensure proper accounting and compliance treatment as well oversee accruals, IT GLs, Cost Centers.
8.Conduct and participate in special projects as assigned, identify opportunities for financial and operational improvements.
9.Provide finance support for IT projects and capital investment requests
10.Centralize and own all IT finance related issues and enhance existing processes, internal controls and procedures.
11.Enhance, propose, optimize and document all financial control processes within Technology area to strengthen controls and enhance efficiency.
12.Identify cost savings and reductions opportunities for technology spending, initiate and execute its related projects.
13. Participate in the automation projects/systems of the department activities and maintain accuracy/integrity of the related information for decision making.
Policies, Processes and Procedures
14.Follow all relevant department policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner.
Day-to-day Operations
15.Follow the day-to-day operations related to own jobs in the IT Security, Control and Quality Assurance department to ensure continuity of work.
Compliance
16.Comply with all relevant CBE regulations, banking laws, AML regulations and internal CIB policies and code of conduct in order to maintain CIB’s sound legal position and mitigate any potential risks.
Qualifications
Qualifications and Experience
Bachelor’s degree in Finance, Accounting, Business Administration, Economics or related field is required.
Minimum of 3 to 5 years of experience in Finance / Accounting / Banking / Project Management experience
Certified Public Accountants or Certified Management Accountants credentials is strongly preferred.
Very Good Financial and Accounting Understanding
Skills
Professional financial skills with high planning and analytical skills, be able to see patterns, be a fast thinker and a good decision maker
Very Good command of both Business English and Arabic
Excellent knowledge and proof of practical use of Microsoft Office Tools (especially Power Point, Excel, Word and Access)
Have a Positive Attitude and can focus on the big picture
Very Good communication and presentation skills to ensure credibility with senior management
Strong quantitative and problem solving skills are essential
Capable of acting on peer level with a variety of stakeholders with Multitasking skills
Respected, trusted, open minded, influencing, convincing, inspiring, making a personal difference, self-propelling
Able to clearly present findings and to work under pressure – making the best of it.
The ability to work to tight deadlines
Able to successfully navigate within varying degrees of ambiguity in a fast-paced environment
Ability to work unsupervised
Ability to think for yourself and implement best practice in the absence of a policy or procedure