IDB2554 - FINANCIAL MANAGEMENT ANALYST (ADAHI)

Business Unit: President Complex
Division: Corporate Services
Department: HADI and ADAHI Project
Country: Saudi Arabia
Location: Saudi Arabia - Jeddah
Closing date: 23-Mar-2021

Job Purpose:

To provide financial analysis and oversight over payments related to vendors, contactors and administrative expenses to ensure compliance with internal financial controls framework and regulatory requirements.

Key Accountabilities:

Policies and Procedures

  • Contribute to formulation of policies and guidelines governing processing of payment requests from contractors, vendors including consultants and missions’ advances and settlements, ensuring an effective and reliable settlement of such request.
  • Enhance the control functions on payments made to Adahi Project concerned contractors, vendors and stakeholders and ensure timely and accuracy payments transactions and make necessary recommendations to benchmark them with international standards. .
  • Establish a framework of internal controls over the financial transactions of all Adahi Project payments to adequately safeguard assets and efficiently manage the liabilities.
  • Provide guidance on interpretation of IDB Group policies and procedures, and legislative regulations applicable for the Project.
  • Participate in the review and formulation of relevant accounting procedures, policies and practices.
  • Review the relevant business processes and practices and make recommendations for improvements, cost savings, and following of the best practices.

Administrative Expenses

  • Review and verify daily transactions/payment vouchers such as vendors invoices, contracts to ensure completeness, and accuracy of payments.
  • 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.

Financial Analysis

  • Undertake specific analyses of financial or operating data to satisfy certain regulatory requirements or to establish required internal controls over business processes.
  • Significantly contribute to annual planning and periodic forecasting for consolidated administrative expenses.
  • Assess data for integrity and analytical purposes as and when required.
  • Participate 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 Project’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 stakeholders.
  • Facilitate in financial auditing by internal/external entities.

Knowledge Sharing & Innovation

  • Identify opportunities and implement actions to achieve efficiencies.
  • Establish Total Cost of Ownership practices and reinforce it through regular benchmarking, periodic RFP’s, and supplier performance metrics reporting.
  • Undertake technical review and provide feedback on the Project’s financial issues referred by the management.
  • Prepare and deliver specialized workshops on financial management procedures and guidelines of IsDB.

Reporting and Communication

  • 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.


Job Requirements:

Academic qualifications;

  • Bachelor’s degree in Finance, Business Administration or any related discipline.
  • Minimum 3 years of experience in similar organization. 

Languages

  • Arabic (fluent)
  • English (fluent)

Job specific competencies and skills 

  • Financial skills
  • Accounting skills
  • IDB Procurement policies
  • Microsoft Office Suite
  • Familiar with SAP environment
  • Banking standards and procedures
  • Procurement procedures

 

Location:

Jeddah, Saudi Arabia.

Location:

                                                                                                                                                                                                                                                       Jeddah Saudi Arabia