Financial Specialist

Date: Sep ‎29, ‎2022
Location: Saudi Arabia
Company: King Abdullah University of Science & Technology
Job Purpose:

The Business Partnering role provides front-line finance support to the
University - Research and Graduate Education, Core Facilities, Administration
and the City. You will be responsible for developing the annual budget, three
year financial plans, monthly management accounts, forecasts, and commentaries
on variances.

Functions include developing, implementing, monitoring and controlling the
University's annual operating budget, creating forecasts for expected expenses
and income including University-wide projections, serving as the University's
primary planning team.

As the Financial Specialist you will be responsible for budgetary control,
evaluating of reconciliations and manage the development of financial and
management accounts as well as project work.

Major Accountabilities:

You will:

• 
  

  Approve the University annual operational, capital, and program requests to the University Senior Leadership Team (SLT), including the preparation of related summaries, analyses and background materials.

  
  


• 
  

  Direct the conduct of the budget planning and development process leading to the formulation of the initial operating budget, the funding request, and the capital and program requests; evaluate budgetary proposals; evaluate performance, and formulate the basis for the development of alternative scenarios and the future prospects of both income and expense.

  
  


• 
  

  Under the guidance of the Manager, Business Partnering or Business Partnering Lead, develop the agenda materials for the budget hearings and other senior directors' meetings, and direct, design, development, and assembly of analytical materials in support of the annual planning and budget process, the strategic planning process, legislative hearings, and budget presentation to the Board of Trustees.

  
  


• 
  

  In the absence of the Manager, Business Partnering or Business Partnering Lead, maintain the timely responses to inquiries and research request initiated by senior business managers, and for the supervision of junior staff within the Budget Office.

  
  


• 
  

  Contribute to the planning and direction of internal reporting; certification of the consistency and integrity of all data released for the University and the coordination of all information requests.

  
  


• 
  

  Represent the University Planning Department in contact with the University Business Managers and other department administrative staff.

  
  


• 
  

  Confer with the Manager, Business Partnering to discuss analysis of activities, costs, budgets, and forecasts to determine changes required to continue effective and efficient strategic operations that support University goals.

  
  


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  Evaluate existing policies and procedures relating to resource management and budget; receive, review and critique proposed changes from senior management staff and submit to the University Budget Officer.

  
  


• 
  

  Utilise your SAP Finance knowledge and expertise to work in partnership with colleagues to ensure that processes and procedures are understood and provide the team with support.

  
  


• 
  

  Take part in the full lifecycle (requirements, development, testing and documentation) of delivering enhancements.

  
  

Qualifications:

• 
  

  A Bachelor's degree in Finance, Accounting, Economics or related field.

  
  


• 
  

  Hold a professional accounting membership in a recognized professional accountancy body (CPA, CMA, CIMA or ACCA)

  
  

Experience:

You will have:

• 
  

  A minimum of Eight (‎8) years' working experience ideally within Higher Education.

  
  


• 
  

  Experience of preparing budgets, forecasts and regular management reporting.

  
  


• 
  

  Passion for delivering a great service and good customer service.

  
  


• 
  

  Ability to analyse and comment on financial and non-financial information.

  
  


• 
  

  Enthusiasm and personal initiative to solve problems, a self-starter with ability to work unsupervised with accuracy and detail to agreed deadlines.

  
  


• 
  

  Analytical skills - Advanced Excel, Power Point, Word, Business Intelligence tools and SAP.