VACANCY PLANNING & BUDGETING ANALYST Page 1 of 5
CAREER OPPORTUNITY ICBL invites applications from suitably qualified candidates for the position of: POSITION: DEPARTMENT: REPORTS TO: Planning & Budgeting Analyst Finance Senior Reporting Analyst PURPOSE OF THE JOB: Responsible for analytical financial forecasting, strategic budgeting procedures and operating risk analysis to ensure lucrative business decisions are made. Provides financial support and counsel, identifies new business opportunities and possesses overall market knowledge through conducting industry research. ESSENTIAL DUTIES AND RESPONSIBILITIES: STRATEGIC: Reporting (Internal & Regulatory) Financial Analysis Internal Controls Budgeting & Forecasting Asset Management Risk Management Staff Deployment, performance management and development Complies with the policies, standards and regulations of the Barbados Government, the Financial Services Commission and the Barbados Stock Exchange for all reporting requirements and tax filings Establishes and manages Financial Forecasting, Budgeting, Modelling tools and Financial analytics Issues timely and complete financial statements for review by the CFO Orients and coaches Finance operational staff to maximise performance Leverages technology to improve financial operations OPERATIONAL /TACTICAL: Creates and updates annual budget on a monthly, quarterly, annual and ad hoc basis Page 2 of 5
Coordination of organisation s planning and budgeting processes and prepares relevant reports Produces and reviews budget and assists with the development of the organization's budget proposals Produces and reviews reports on organizational compliance with laws and other regulations Advises on risk analysis and optimal capital expenditure to support decision making of the organisation s strategic plan and budget Establishes and supports strategic planning and budgeting initiatives Produces and reviews reports of budget vs. actual and identifies fiscal variances on a monthly, quarterly, annual and ad hoc basis Conducts market research and recommends funding scenarios and solutions to organizational and economic concerns Prepares and reviews detailed reports in support of various budgetary analyses and as needed special projects Provides accurate and timely financial recommendations to the Board, Executive Leadership and key stakeholders on a monthly, quarterly, annual and ad hoc basis EDUCATION/ QUALIFICATION/ KNOWLEDGE/ SKILLS/ EXPERIENCE: A minimum of a recognised post-graduate degree in the field of Accounts, Finance or a related discipline Completion of a professional accounting designation (CGA, ACCA, or similar designation) A minimum of five (5) years working in an accounting and/or finance environment at a senior level, with a key responsibility for budget forecasting, organizational fiscal policy and planning, and financial analysis Previous experience in an insurance environment would be an asset CORE COMPETENCIES TECHNICAL KNOWLEDGE: Competent and knowledgeable of zero based or driver based budgeting Page 3 of 5
Possesses in-depth, up-to-date knowledge of general accounting principles, practices and procedures Possesses excellent knowledge of IFRS Is proficient in Microsoft Office Suite able to perform complex calculations in Excel and produce high quality documents and presentations for external stakeholders Is able to monitor, analyse and advise on credit risk and report on customer solvency to support strategic decisionmaking Is able to use or learn to use different financial software platforms to input and extract useful financial data LEADERSHIP, PERFORMANCE MANAGEMENT AND CULTURE MANAGEMENT: TEAM BUILDING & EMPLOYEE DEVELOPMENT: COMMUNICATIONS: Collaborates with internal departments to design focused work plans and delegates activities accordingly to achieve company and departmental goals Defines expectations, then empowers coaches, rewards and disciplines staff effectively to maintain performance and encourage a positive company culture Understands how to motivate staff with a diversity of values, opinions, experiences and goals Builds a cooperative and effective work group by sharing information willingly and interacting effectively across departments Encourages development and use of new skills by rewarding creativity, innovation and risk-taking Possesses excellent verbal and written communication skills and is able to explain technical concepts clearly and concisely to a variety of audiences Possesses excellent interpersonal skills and displays a professional, yet pleasant manner when interacting with customers, staff and other stakeholders PROBLEM SOLVING & OBJECTIVE DECISION MAKING: Anticipates problems and contributes to timely resolution based on sound reasoning, facts and acceptable data PLANNING AND EFFECTIVENESS: Sets challenging but attainable goals Page 4 of 5
Is able to plan effectively, multitask and manage competing priorities to meet deadlines and achieve results Is able to work autonomously LEARNING & IMPROVING: Seeks frequent feedback on approach and performance and demonstrates growing self-awareness of own strengths, weaknesses and motivations Is able to incorporate different perspectives and learn from own and others experience Looks at the long term in identifying own development needs Is eager to be innovative and accept new challenges, take a personal risk or engage with turbulent change in order to progress Keeps professional knowledge current by participating in professional societies, reviewing professional publications and completing continuing professional education activities CONFIDENTIALITY & INTEGRITY Maintains truth, trust and transparency in all dealings Displays integrity, leading by example Keeps financial information and corporate plans confidential to protect the company s interests Page 5 of 5