Financial Management Specialist, Jeddah, Saudi Arabia

Business Unit: Finance Complex

Function: Administrative Expenses & Disbursements Division

Department: Financial Control Department

Contract type: Regular Staff

Country: Saudi Arabia

Location: Saudi Arabia - Jeddah

Closing date: 24-Apr-2014

Department:

To provide financial analysis and oversight over payments related to administrative expenses to ensure that all transactions are in compliance with internal control framework and regulatory guidelines..

Person:

• Identify gaps in existing policies over procurement of goods and services and staff related payments and make necessary recommendations to benchmark them with international standards.
• Contribute to formulation of policies and guidelines governing payment requests from contractors and other vendors including consultants, field representatives, business travel
• Provide guidance on interpretation of IDB Group policies and procedures, and legislative regulations applicable for the Financial Control Department.
• Review and verify daily transactions/payment vouchers such as vendors invoices, contracts to ensure completeness, and accuracy of payments.
• Validate the payroll data before clearance.
• Ensure compliance and conformance of all transactions with rules, guidelines and IDB's internal control systems.
• Provide technical advice in settlement of complex transactions.
• Highlight any identified irregularity or non-compliance to the management.
• Assist in specific analyses of financial or operating data to satisfy certain regulatory requirements or to establish required internal controls over business processes.
• Contribute to annual planning and periodic forecasting for consolidated administrative expenses.
• Assess data for integrity and analytical purposes as and when required.
• Assist in detailed scenario and run rate analyses, and other standard or ad hoc analyses to meet variety of management objectives
• Provide necessary financial information and analysis of the Bank's financial performance to be included in the Annual Report.
• Analyze the current projects status and identify any problem areas that warrant attention of the concerned departments.
• Facilitate in financial auditing by internal/external entities.
• Prepare financial reports, monthly statements, overdraft reports, and design and maintain on-line and manual financial reporting systems.
• Coordinate with internal and external stakeholders including internal and external auditors, on day to day activities of the division.
• Handle queries on settlement of payments, advances and reimbursements and provide appropriate resolutions.
• Represent IDB at relevant workshops, conferences, seminars and meetings.

Experience: 8 years relevant experience

Qualifications:

Bachelor Degree in Finance / Business Administration or any related discipline

Other Information:

• Adaptability
• Building Relationships
• Client Centricity and Responsiveness
• Motivation to Learn and Share
• Passion for Excellence
• Analytical Thinking
• Drive for Results
• Knowledge, Learning and Communication
• Communication Effectiveness
• Problem Solving
• Stakeholder Management
• Teamwork
• Bank Knowledge
• Financial Management
• Islamic Finance
• Accounting
• Systems Development and Maintenance
• Product Knowledge
• Business Process Knowledge

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