Senior Budget & Financial Management Specialist

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Description

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• Formulate financial plans
• Analyze historic financials and income to estimate future income and expenses and create forecasted financial statements.
• Plan, budget and forecast financials plan including the investment and operations assets.
• Maintain, update and run financial sustainability model to produce financial sustainability financials.
• Prepare annual budget and updated financial projections to estimate future financial needs and liquidity requirements.
• Determine annual loans and grants budget for ISFD to be used for poverty alleviation programs/ projects/ initiatives.
• Assist the department in ensuring compliance with the various policies and guidelines of the ISFD.
• Policies, processes, and procedures
• Recommend updates and contribute to the development of ISFD finance related policies, including but not limited to financial management policy, investment policy, risk management policy, etc.
• Contribute to the development, updates to, and implementation of processes and procedures specific to the financial management of ISFD.

• Oversee and contribute to the preparation of annual reports.
• Ensure financing controlling reports (investment performance, risk and compliance reports) are compiled, validated and communicated to top management.
• Compile financial sustainability and financial planning reports.
• Develop reports on instruments not invested as part of waqf capital.
• Prepare investor reports for resource mobilization instruments containing the financial performance of instruments.

• Manage relationships with and meet regularly with relevant IsDB departments, particularly, Finance, Investment, Treasury, and Risk Management.
• Coordinate with IsDB Investment department to conduct fund manager selection for resource mobilization instruments such as Cash Waqf Sukuk and IWIF.
• Manage relationships with donors, benefactors and other external stakeholders.

• Bachelor’s degree in Accounting/ Finance/ Commerce / Economics/ Business Administration / or related field.
• Minimum 8 years of experience in related field within similar institutions (MDBs) with at least 3 years hands-on experience in on budget and financial management. Experience should include planning, budgeting, and forecasting of financials.

• Understanding of budgetary and accounting principles, practices & policies
• Strong numerical ability
• Diligence.
• Excellent written and verbal communication skills.
• Stakeholder management.

• English – Mandatory
• Arabic – Preferred
• French – Preferred

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