Financial Analyst – Gulf Bank

Job Purpose:
To control the assigned accounting procedures and report accurate data in compliance to bank and international accounting standards and ensuring all payments are affected only after authorization.
Accountabilities:
Analysis and Reporting:
> Produce reports on the bank’s financial performance.
> Compare performance and trends against plan & prior year
> Identify and explain major variances
> Consolidate commentaries from groups
Planning & Budgeting
> Prepare the annual budget
> Supervise the information gathering process
> Consolidate inputs received from business groups
> Check for consistency with the underlying business assumptions, prior period performances and projected market conditions
> Review and analyse budgets, plans and projects for reasonableness, consistency and fit with the overall Bank strategy
> Perform scenario analysis
Strategic Planning
> Coordinate the preparation of strategic business plans
> Analyse inputs
Credit Rating Review
> Co-ordinate with rating agencies
> Co-ordinate with business groups to obtain required information for the rating review
Trends analysis
> Review competitors’ financials and compare their performance with Gulf Bank
> Analyse key performance ratios and identify industry-wide trends.
Monitoring profitability:
> Implement processes to track key parameters (e.g. cost of funds, deposits, loans etc.) in order to monitor bank’s profitability and variance with budget
> Carry out scenario analysis, stress tests on profitability and other analysis required to monitor profitability
MIS: Develop periodical financial management information reports
> Develop and improve analysis and performance measurement tools and models
Corporate governance & compliance: Work fully within:
– risk policies and procedures
– all compliance regulations
Employer want to submit job applications through their website at: Apply Online