Financial Planning and Analysis

Role

The Financial Planning and Analysis Consultant is responsible for analyzing and interpreting financial and operational data to guide managerial decision-making on budgetary matters. S/he collaborates with budget focal points in the Secretariat and Independent Units in analyzing and monitoring, and forecasting budget utilization to guide the efficient allocation of resources to support the Fund’s strategy.

Duties and responsibilities

• Collates, consolidates, and analyzes financial and operational data to implement budgetary planning controls, drive planning, forecasting, and budgeting, and design appropriate data stories and reports to support the senior management in data-driven decision-making.
• Analyzes bottom-up resourcing estimates from different offices/departments to identify duplication and budgetary slacks in the estimates and consolidates the estimates to inform the assessment of the reasonability of such estimates to implement the Fund’s work programs.
• Ensure the accurate financial reporting and budget control by reviewing/approving the budget requests as the 1st Finance gatekeeper and validating the expense account/cost center mapping of the purchase requests in Oracle.
• Support the monthly closing process by reviewing and preparing the necessary correction entries for the expense transactions.
• Continuously update financial models to support rolling forecasts and projections, inform planning cycles and provide insights on efficient and effective deployment of resources.
• Analyzes recurring queries and deficiencies during the engagement in financial planning and analysis and identifies potential automation areas, ways to streamline existing processes, and systematize the data.
• Engages with the planning focal persons from the Secretariat and Independent units to clarify the drivers behind their resourcing estimates and obtain information to inform the development of narratives for managerial reports.
• Engages different offices/departments within the Secretariat and the Independent units to obtain inputs to models and scenarios that may be required on ad-hoc basis.
• Collaborates with other team members in the preparation of the managerial reports, financial statements, financial planning, and financial management system implementation.
• Develops the appropriate knowledge products for enlightening stakeholders and for the update of internal policies, frameworks, guides, and manuals in financial planning and analysis.
• Manage and coordinates the timely collection of inputs for executive-ready insights to Senior Management and the Budget Committee to enable them to assess the risks and opportunities of budget overruns or under expenditure.
• Manage and coordinates the timely collection and consolidation of bottom-up resourcing estimates to ensure that the consolidated resourcing estimates are available in good time for review by the Senior Management and the Budget Committee.
• Collaborate with the Finance IT team for any AP process issue tackling after the Oracle go-live.
• Manage the smooth monthly/quarterly budget execution reporting – pulling out the data from the systems, analyzing it, preparing the report, and distributing the report on timely manner – to each office/department of the Secretariat and Independent Units. Support the budget committee reporting on the budgetary matters including the budget execution reporting and other ad-hoc analysis.
• Anticipates and timely avails appropriate benchmarks and comparators to the Senior Management and the Budget Committee to enable them to engage on efficiency and effectiveness of the Fund’s operations.
• Perform daily/monthly reconciliation and settlements for Visa/Mastercard credit cards transactions.
• Review the transaction details and reconcile every transaction that have been settled.
• Reconcile disbursements and contributions to ensure the accounting system reflects the correct transactions.
• Assist the accounting team for the year-end closing on any expense matters and the AP balance.
• Support the internal/external audit inquiries regarding the expense/AP.

Required experience and qualifications

Education and Certifications

• Master’s degree in Business Administration or Accounting or a relevant Bachelors’ degree with two additional years of experience.
• Appropriate certifications in financial planning and analysis (e.g., Certified Corporate Financial Planning and Analysis professional) is desirable.
• Fluency in English

Experience 

• At least 4 years’ experience in financial planning and analysis in an International/Multilateral Organization.
• Experience with Oracle is mandatory (Oracle Fusion Cloud ERP experience is desirable).

Source: https://jobs.greenclimate.fund/job/Incheon,-South-Korea-(ICN)-Financial-Planning-and-Analysis-Consultant/1114735601/