Financial Planning and Budget Consultant

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Description

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The candidate will be part of the Financial Planning & Budget (FPB) team, under Controllership Division in the Finance and Administration Department of the IDB Invest, playing a key role in the development and maintenance of the Bank’s strategic financial planning and budget framework. 

The Financial Planning & Budget team is responsible for developing and maintaining the IDB Invest financial planning models and tools, designing and monitoring financial policies, leading the annual budget planning process in coordination with the relevant IDB Invest and IDB units.

You will be the FPB partner across the organization, responsible for identifying, analyzing, and reporting on metrics that reflect business performance, driving a rigorous budgeting and forecasting process. You will work with both finance and business leaders to ensure timely and accurate forecasting and data driven insight into business performance. You will have exposure to Management and are expected to become a trusted thought partner. You will also assist in preparing financial materials including board decks, C-Level presentations, and other executive updates.

What You Will Do:

• Budget Planning: support the organization’s annual budget call and preparation, ensuring alignment with strategic goals and priorities, the preparation of documents and presentation of proposals to senior management and the Board of Directors.
• Budget Monitoring: monitor and analyze budget execution throughout the fiscal year, identifying variances and recommending corrective actions. Develop automated budget performance reports to senior management and stakeholders.
• Cost Allocation and management:  Support planning distribution of available resources to different departments, projects, or initiatives, based on their priorities and strategic importance. Support assigning costs methodologies to different projects or activities to determine their profitability.
• Support the maintenance of datasets from different systems and databases and its integration and participate actively in system implementation and improvements.
• Support management in the maintenance of Budget systems and ERP modules which includes operational maintenance of budget exceptions, drafting budget journals for budget adjustments, transfers, maintenance of the budget trees and account combinations, miscoding entries and assist in other system related tasks such as testing new processes and other budget related maintenance. Work closely with the accounting team in relation to the month end financial close.

What you´ll need: 

Education:

• Bachelor’s degree in accounting, Business Administration, Finance.

Experience:

• You have 3+ years’ experience in FP&A, Budgeting, corporate finance, financial strategy/operations, or a closely related field. Experience in budgeting, cost allocation and workforce planning. Excellent verbal and written communication skills, with the ability to present complex financial information to non-financial stakeholders clearly and concisely. Advanced user of Microsoft tools including Excel and Power BI. Knowledge of programming languages (Matlab, R, Python) and statistical packages is a strong plus.

Language Skills:

• Verbal and written proficiency in English is required. Proficiency in a second official Bank language (Spanish, French and/or Portuguese) is required.

Source: https://iadbcareers.referrals.selectminds.com/jobs/idb-invest-financial-planning-and-budget-consultant-6218

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