Officer, Budgeting recruitment
Role Overview
This role is offered as a one year short term contract.
The Financial Strategy and Business Planning (FSBP) Department within Finance is responsible for the Bank's:
· budget and resource allocation
· financial policies and planning
· overall capital planning and adequacy
The department has around 13 staff covering these areas.
In terms of budget and resource allocation activities, the department is responsible for establishing the Bank's administrative and capital expenditure budgets and for monitoring their execution.
This role reports to the Head of Budget as well as generally providing support to the budget client managers in the team. The role will entail providing analytical and system support primarily to the Budget function within FSBP.
Key Responsibilities and Deliverables
The primary role will be to assist with the annual budget process establishing the Bank's overall administrative and capital expenditure budgets. The role involves the use of a number of systems in support of the budget process. These include SAP, both from a financial (SAP FI/CO) and staffing perspective (SAP HR), Excel analysis and reporting from the Bank's data warehouse (using Cognos products).
Key tasks will include:
Staffing Analysis
· Responsible for running the Salary Model to provide key input into the Bank's annual budget process as well as during the mid-year forecast.
· Production of monthly resource and staffing tables for the Banking Monthly Management Reporting (BMOR) and Institutional Performance Reporting (IPR).
· Maintenance of organisational units and positions in SAP HR systems.
Monthly Allocations
· Monthly allocations of staff benefits and occupancy costs in SAP using automatic routines.
· Monthly allocations of PC costs based on headcount.
· Monthly charges of time to Banking and Treasury investment operations by project related departments.
· Calculation of allocation and charge out rates and maintenance in systems.
Annual Budget
· Detailed modelling of salary budgets for annual budget and of certain benefits costs.
· Reviewing process in SAP for the aggregation of budget proposals.
· Tracking changes to budgets held within SAP.
· Preparation of tables showing budget proposals.
Maintaining budget reporting infrastructure in SAP system
· Operating budget.
· Capital budget.
· Use of system in bottom up aggregation exercises such as budget preparation.
· Refining reporting available to cost centre and project managers from SAP and the Data Warehouse, in conjunction with IT.
· Maintaining cost centre and account groups.
Other
· Support to other members of the budget team in dealing with specific issues with clients.
· Building a close working relationship with budget officers in the Bank.
· Ad hoc analysis of budget and expenditure trends, as required.
· Establish and maintain close working relationship with the HR and IT departments.
Essential Skills, Experience Qualifications
- Educated to degree level or equivalent, including 'A' level or equivalent, in mathematics or statistics.
- Minimum two years of previous work experience in similar working environment would be useful.
- Financial background and knowledge - position may suit a part-qualified individual studying for an accountancy or other financial qualification.
- Systems literate and quick to learn.
- Strong knowledge of Excel and use in modelling.
- Fluent English both written and spoken.
- Must be well organised with ability to schedule and prioritise own work.
- High degree of accuracy and attention to detail.
- Good communication skills.
- Innovative, able to generate original solutions to problems.
Competencies Personal Attributes
- Ability to maintain accuracy and attention to detail under tight deadlines.
- Ability to work efficiently as part of a team and to cope well under pressure.
- Flexible and willing to work overtime as and when required.
- Capacity to use own initiative.
- Excellent interpersonal manner, including tact and diplomacy
- Team worker with good time management skills.
Recruitment for this position will be on a local basis. Travel, relocation and repatriation benefits do not apply.