Financial Planning & Budgeting Role - Business Consulting Firm

About the Role

Our client is a US based global business consulting firm which serve clients across 27 countries. They are looking for professionals in Financial Planning and Budgeting.

Will be given a India base location,

Frequent flybacks to India 2 to 3 flybacks in a year.

Accommodation will be provided, per day DIEM Allowance of 50 USD will be given.

Key desirables

- Knowledge of Core Banking Products (Loans, Deposits, Treasury, Trade etc.) and the sub-types of these products (Term Loans, Overdrafts, Current Deposits, Term Deposits, Structured Deposits, Money Market, ALM, LCs, LGs etc).

- The knowledge of financial balance driven from these products is an essence for this role.

- Knowledge of how these balances are presented and disclosed is also key area for the role.

- Understanding of revenue streams of a commercial banks, the main line items of the P&L and from which business area these are driven.

- Understanding of the budget developing process, structuring of budget templates, follow ups, consolidation of all inputs, and Senior Management, including BOD presentation of the final budget numbers is a must.

- Understanding of Transfer Pricing and how it is included in each business and cost center of the bank. The reconciliation of the same is also a skill required from the desired staff.

- Understanding of the business and cost centers expenses and how these are reported in budget templates.

- Staff costs and how the inclusions of new staff at different time intervals would impact the cost stream.

- HR Capital Budgeting and how to drive this budget (i.e. Fixed assets requirements, systems hardware and software budgets etc.)

- Monitoring of budget against the actual performance, which include Monthly Budget Vs Actual and Year-to-Date Budget Vs Actual Performance and explanation of the major variations.

- Knowledge of Oracle system would a big plus as it is the main reporting system of the bank.

Locations: Riyadh

Compensation: Best in Industry