IT FINANCIAL MANAGEMENT OFFICER at Commercial International Bank (Egypt)

Giza, Giza, Egypt -

Full Time

Start Date

Immediate

Expiry Date

14 Jun, 26

Salary

0.0

Posted On

16 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Management, Budget Preparation, Forecasting, Reporting, Analysis, Financial Controls, Costing, Invoicing, Reconciliations, Financial Modeling, Accounting Compliance, Process Improvement, Problem Solving, Communication, Presentation Skills, Multitasking

Industry

Banking

Description

JOB PURPOSE: Responsible for the operation of day-to-day financial management activities including reconciliations, budget preparation, planning, costing, forecasting, reporting, and analysis and ensure the smooth flow of internal financial controls and procedures to enhance efficiency and deliver decision support to executives and business units in align with the bank strategy with high credibility, competence, and integrity. Description 1.Preparation and review of the annual technology budget (CAPEX / OPEX) process, as well support for IT projects and capital investments business cases. 2.Approve and track invoices for vendor payments and ensure proper documentations, recording of expenses according to policies and procedures 3.Ensure periodic IT budget and invoicing and budget reconciliations are completed and documented. 4.Provide financial analysis/reports and recommendations for IT leadership and senior managements needed, in particular for technology services, capital investments, pricing decisions, and contract negotiations 5.Provide monthly financial reporting including variance and trend analysis for IT and business leadership including Chargebacks/IT bills, projects budget utilization and forecasts. 6.Develop financial models to analyze and summarize complex technology investments/projects and its related impact on the cost/profitability/statements. 7.Ensure proper accounting and compliance treatment as well oversee accruals, IT GLs, Cost Centers. 8.Conduct and participate in special projects as assigned, identify opportunities for financial and operational improvements. 9.Provide finance support for IT projects and capital investment requests 10.Centralize and own all IT finance related issues and enhance existing processes, internal controls and procedures. 11.Enhance, propose, optimize and document all financial control processes within Technology area to strengthen controls and enhance efficiency. 12.Identify cost savings and reductions opportunities for technology spending, initiate and execute its related projects. 13. Participate in the automation projects/systems of the department activities and maintain accuracy/integrity of the related information for decision making. Policies, Processes and Procedures 14.Follow all relevant department policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner. Day-to-day Operations 15.Follow the day-to-day operations related to own jobs in the IT Security, Control and Quality Assurance department to ensure continuity of work. Compliance 16.Comply with all relevant CBE regulations, banking laws, AML regulations and internal CIB policies and code of conduct in order to maintain CIB’s sound legal position and mitigate any potential risks. Qualifications and Experience  Bachelor’s degree in Finance, Accounting, Business Administration, Economics or related field is required.  Minimum of 3 to 5 years of experience in Finance / Accounting / Banking / Project Management experience  Certified Public Accountants or Certified Management Accountants credentials is strongly preferred.  Very Good Financial and Accounting Understanding Skills  Professional financial skills with high planning and analytical skills, be able to see patterns, be a fast thinker and a good decision maker  Very Good command of both Business English and Arabic  Excellent knowledge and proof of practical use of Microsoft Office Tools (especially Power Point, Excel, Word and Access)  Have a Positive Attitude and can focus on the big picture  Very Good communication and presentation skills to ensure credibility with senior management  Strong quantitative and problem solving skills are essential  Capable of acting on peer level with a variety of stakeholders with Multitasking skills  Respected, trusted, open minded, influencing, convincing, inspiring, making a personal difference, self-propelling  Able to clearly present findings and to work under pressure – making the best of it.  The ability to work to tight deadlines  Able to successfully navigate within varying degrees of ambiguity in a fast-paced environment  Ability to work unsupervised  Ability to think for yourself and implement best practice in the absence of a policy or procedure

Responsibilities

The officer is responsible for day-to-day financial management activities including budget preparation, costing, forecasting, reporting, and analysis to support executive decision-making in alignment with bank strategy. Key duties involve preparing and reviewing technology budgets, approving vendor payments, ensuring compliance, and enhancing internal financial controls and processes within the Technology area.