Planning and Budgeting Unit Head - Amman

Job summary

Supervise all activities related to setting annual financial targets, preparing budgets, and developing and implementing related scenarios, as well as conducting periodic forecasting of results.

Responsibilities

• Define the unit's objectives in collaboration with staff, ensure efficient and timely workflow, supervise and evaluate their performance, and manage leave schedules to maintain continuous operation.
• Set financial and operational targets for business sectors in coordination with financial business partners to achieve desired results, and discuss budget submissions across the banking group.
• Oversee or prepare the budget estimates and forecasted results for the banking group according to their schedules.
• Develop and update procedures to improve financial planning and budget preparation mechanisms.
• Review budget circulars to ensure accuracy and compliance with guidelines, templates, and calendars, secure necessary approvals, and disseminate to all relevant departments on time.
• Prepare and monitor the timeline (calendar) for all budgeting activities across departments in the Jordan Bank Group to ensure budgets are completed efficiently and on schedule.
• Announce the start of the annual budget cycle, provide budget guidelines that reflect the bank's strategic objectives, and ensure use of standardized reports mandated for all banking group departments.
• Coordinate the preparation of budget estimates for the banking group, ensuring alignment with approved budget preparation plans.
• Ensure business plans at the banking group level reflect the approved budget, including assumptions for business sector levels (product pricing, economic assumptions, growth plans per sector).
• Supervise or support periodic comparisons between budget estimates and actual data, identify variances, and propose corrective actions.
• Supervise or support studies related to financial performance measurement, budget comparisons, and market share analysis relative to competitors and the banking sector to assess competitive positioning.
• Oversee monthly reporting of business units at the banking group level, comparing results with budgets, providing variance explanations, documenting observations, and reporting to direct supervisors.
• Supervise preparation, review, and accuracy assurance of unit-related reports within deadlines for submission to senior management.
• Contribute to preparing the financial management department's budget estimates, document recommendations, and submit them to direct management.
• Supervise studies on the impact of regulatory and official decisions on the bank's profitability.
• Provide necessary support to senior management and relevant administrative units by responding to inquiries and producing required reports timely in coordination with the Data Management Unit to facilitate informed decision-making.
• Oversee preparation of monthly capital and operating expenses reports, comparing actuals against approved budgets.
• Review executive and supervisory statements as per schedule, take necessary actions within approved procedures to ensure operational control, review internal and external audit reports, follow up on findings related to the unit, and implement corrective measures.
• Ensure daily operations comply with approved policies, procedures, and delegated authorities to protect the bank's interests.
• Act as a primary/alternate member within the Business Continuity Plan and emergency teams, performing all assigned tasks to minimize crisis impact and restore operations promptly.

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