| JOB NAME |
Senior Manager, Financial Planning and Budget [Saudi Arabia – Jeddah]
POSTED BY: Islamic Development Bank
REF:ISDB 2026
Date Published:Thursday, September 5, 2024
Date of Expiration:Tuesday, March 4, 2025
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| LOCATION OF THIS JOB |
 Saudi Arabia | JEDDAH in Saudi Arabia |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Job ID IDB3175
Business Unit: ITFC
Division: Not Applicable
Department: Not Applicable
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 16-Sep-2024
JOB PURPOSE:
1. This role is responsible for financial planning, forecasting, budget preparation, monitoring and controls.
2. In addition, the role is also responsible for relevant periodic reporting and financial analyses in order to facilitate senior management decision making.
KEY RESPONSIBILITIES:
Core Responsibilities
Financial Planning and Analysis
1. Produce regular financial forecasts and analytical reports based on internally developed models.
2. Coordinate with the budget unit to consolidate financial projections.
3. Conduct financial benchmarking.
4. Provide input required for cash flow assessment relating to various quantitative analyses (PML, Stress
5. testing etc.)
6. Assess or validate the financial viability of a new product/instrument/program or business line.
7. Facilitate ITFC's medium-term financial planning.
8. Derive tangible connections between ITFC operations and its financial performance.
9. Conduct feasibility studies for projects with significant financial, if any.
10. Provide senior leadership with critical financial metrics to clarify the financial health of ITFC.
Budgeting
1. Ensure availability and implementation of updated budget policies and procedures.
2. Prepare the annual administrative budgets in line with the operational plan.
3. Perform regular budgeting and utilization reporting, provide the reports to the ITFC management, and propose appropriate corrective actions for variances.
4. Prepare budgeting and utilization reporting for all departments' expenses and tracking variances.
5. Guide the organizational philosophy on cost controls, expenses, and policies and ensure mechanisms for
6. implementation and monitoring as per established standards.
7. Incorporate best practices for the preparation of administrative budgets across the organization.
8. Provide overall recommendations to the senior management on efficient utilization of the budget.
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| REQUIREMENTS FOR THIS JOB |
QUALIFICATIONS AND COMPETENCIES:
1. Master’s degree in Accounting/Finance or a similar discipline or
2. CPA/ACCA
Language Skills:
1. English is compulsory
2. Arabic or French are preferable
Years of Experience:
Minimum 6 years of experience
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English 
FRENCH
