Financial & Budgeting Manager
Al Rajhi Bank
مجموع سنوات الخبرة :17 years, 2 أشهر
- Assigned responsibility of managing Books of accounts and consolidation of Financial Statements as per IFRS & IAS including disclosures and conducting stress testing and indicating the key risk indicators.
- Involved in the review and implementation of financial planning policies and procedures and defining short-term and long term strategic points, evaluating market and economic trends affecting the business.
- Analyzing and evaluating capability models of proposals, assessment of critical success factors, cash flow projections, business structuring and forecasting financial results.
- Involved in the financial statements preparation for Management Reporting as per IAS/ IFRS.
- Ensured production of monthly Dashboard for senior management including significant KPIs, financial statements, variance analysis, scenario analysis, cost allocation, profit sharing and FTP reports.
-Plan, execute, finalize budget according to bank short & long terms strategy.
- Responsible for the implementation and maintenance of Oracle based (OFSA) Profitability and reporting tool.
- Instrumental in budgeting and variance reporting including the linkage of the budgeting & forecasting to the Bank wide risk appetite along with stress testing.
Key achievements:
- Successfully implemented the roll out of OFSA (Oracle financial services application) and Oracle Budget module.
- Credited for introduction of Profitability reporting by Product, branch, segment, sub-segment, Branch, Customer and Account Cost and profit centre concept, target setting and reporting and Sensitivity Analysis etc.
- Successfully handled projects including Cost/ Profit center, Cost allocation, GL restructuring, FTP (funds transfer pricing) application, Balance scorecards/KPIs and ERP Implementation.
Key Responsibilities:
- Establish and manage the MIS functions of Corporate Banking Group (CBG).
- Budgeting, variance analysis and evaluation of credit control procedures.
- Ensure that appropriate systems, processes and procedures are in place to facilitate the financial control requirements are met and meet exceed compliance needs.
- Provide appropriate inputs to meet audit requirements.
- Preparation and issuance of financial statements including consolidated financial statements.
Key Achievements:
- Prepare product-set financial performance minimums report and their best measurement tools (e.g. ROA, ROTA and ROE) to support business’s profitability goals
- Prepare sales and productivity metrics (Pipeline) required to meet business’s production goals in support of the monthly/yearly financial plan.
- Provide detailed business performance MIS on a weekly, monthly and as-needed basis. - Principal scenario planning on issues of macro and micro country and business economics.
- Successfully handled special assignments like Develop performance incentive Models and KPI models.
CMA (Certified Management Accountant)
Bachelor degree in Management Information System (MIS) from King Fahd University of Petroleum & Minerals (KFUPM).
