Manager Finance Business Planning & Budgeting

Job Purpose

Responsible for the planning and budgeting process for the organization as well as periodic monitoring of performance against set targets. The Manager Finance Business Panning & Budgeting will drive financial results by partnering with the businesses through periodic performance reviews, help set targets and forecasts. He / She will be responsible for Management Information Systems and business databases that deliver detailed reports and analysis of the performance of business segments, products, branches, relationship management and distribution channels. The Manager Finance Business Panning & Budgeting will also drive cost and revenue optimization and analysis.

Key Responsibilities

Business planning, budgeting, forecasting

Support business strategic thrust through planning, budgeting, forecasting and monitoring of business performance.

Analysis and interpretation of financial and management information including variance analysis to aid Planning, coordination, controlling, responsibility allocation, accountability and delegation.

Advice on the implication of new initiatives and product launches and risk profiling and checking on the financial health of the businesses

Business MIS and Business Intelligence

Ensure timely provision of relevant periodic performance figures for Distribution, Corporate and Treasury Businesses of the Bank on a daily, weekly, monthly and quarterly basis

Provide Business intelligence through performance analysis by business segment, products, branches, distribution channels, Relationship Management and Customers

Provide KPIs for Front Line Staff including Branch Managers, RMs and segments

Management accounts and reporting including Cost allocation, Funds Transfer Pricing engines at granular levels to enable the production of Scorecards and Dashboards, Business MIS, Business segment / product and customer profitability reports and other cube reports for Corporate Bank, Retail Bank and Treasury segments

Contribute to strategic channel management by analyzing and interpreting channel MIS data and providing this analysis and interpretation

Financial Reporting

Provide backup for the Manager, Financial Controls, whenever the need arises, in preparing monthly, quarterly and year end statutory accounts and statutory audit and

The preparation of Financial Accounts for management review, Group reporting and production of Board papers.

Cost Control and Revenue Optimization

Identify opportunities within the various units and channels for efficiency improvement.

Conduct revenue assurance audits, advice on pricing and cost of funds at granular level

Project accounting and reporting

Ensure that all projects are properly documented and that the documentary evidence of approvals by the relevant Committees. All major projects must have approved PARs which cover financial analysis and approvals

Ensure that all projects have a post implementation review (PIR) and should challenge the Business owners to include the projected benefits into their future budgets.

Business Intelligence / MIS

Business planning, budgeting, forecasting and performance monitoring

Supervise internal reporting of the Bank

Production of performance reports by customer, business segments, products, channels, branches and RMs. Provide KPI measures for all Front-Line staff

Availability of updated MIS database for the businesses to users at all times.

Improved turn-around time for ad-hoc /tactical MIS requests.

Prompt, accurate and concise delivery of Management Information for decision-making.

Improved understanding and proper explanation of all business assumptions

Continuous improvement in the standard and quality of management reports.

Cost Control

Provide yardsticks at cost centre level. Periodic production of cost centre reports highlighting variances against budgets and prompting managers to institute corrective actions.

Job Specification

Education

Bachelor’s degree in Information Technology, Computer Science, Data Management, or related field.

Master’s degree in IT Management, Data Governance, or Business Administration is an added advantage.

Professional certifications: CDMP, ITIL, CISA, ISO 27001, or relevant vendor certifications.

Work Experience

Minimum 7 years post qualification experience in an accounting or audit environment

Excellent interpersonal skills and good verbal and written communication skills.

Good numerical skills

Good computer skills, especially MS Excel

Data mining skills using SQL

Minimum qualifications

BA/BSc/HND , MBA/MSc/MA , Professional Certificate

How to apply

Interested and qualified? Go to DIB Bank Kenya Limited (DIBBKE) on www.linkedin.com to apply

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