Senior Manager - Business Planning (Mashreq Digital Bank Pakistan)

Job Purpose:

Looking for an experienced individual to join our Finance team as a Senior Manager, Business Planning & Budgeting. The ideal candidate will be responsible for overseeing the development, implementation and maintenance of our MIS and reporting systems, ensuring accurate and timely delivery of information to support decision-making processes. The role involves collaborating with various departments to understand their data and reporting needs, designing efficient solution and supporting the team to deliver high-quality reports. The ideal candidate will possess a blend of financial expertise, business acumen and strong interpersonal skills to effectively communicate with stakeholders at all levels.

Key Result Areas

System Development and Implementation

• Support the development and implementation of Core Banking and MIS systems to streamline data collection and analysis.
• Collaborate with IT and Analytics teams to ensure seamless integration of MIS systems with overall infra-structure.

Central MIS & Budgeting

• Develop and maintain a suite of standard reports, dashboards, and ad-hoc analyses to meet organization-al needs.
• Prepare Monthly Performance Reports in order to evaluate the performance of Businesses, their sub-Segments along with product profitability reports.
• Monitor key financial metrics and provide insights to optimize financial performance. Provide insights through data analysis to support strategic decision-making.
• Support in annual Budgeting process, ensuring alignment with organizational goals and bank policies.
• Continuously monitor and evaluate the performance of systems and reporting tools.
• Explore options to automate the existing manual tasks in order to bring efficiency and accuracy in the re-porting.

Business Finance

• Partner with Business to understand their objectives and provide financial support. Work closely with Business to understand reporting requirements and design comprehensive reports.
• Conduct financial analysis to evaluate the feasibility and profitability of new product concepts, including cost-benefit analysis, pricing strategies and revenue projections.
• Prepare comprehensive business cases outlining the financial justification and potential ROIs for new product initiatives.
• Analyze financial data and trends to identify risks and opportunities, making recommendations to optimize business profitability.
• Develop and maintain financial models to support budgeting, forecasting, and long-term planning initiatives for products / business.
• Collaborate with business / product teams to develop accurate and achievable financial forecasts.
• Stay informed about industry trends, regulations, and best practices to proactively identify opportunities and risks.

Operating Environment, Framework and Boundaries, Working Relationships

Ideal candidate will operate within a dynamic and fast-paced environment that requires strategic thinking and meticulous attention to detail. This role will require a deep understanding of financial principles, market trends and industry best practices. In this role, he/she will collaborate closely with cross-functional teams including finance, operations, sales and marketing to gather relevant data, analyze financial performance and forecast future trends. Building strong working relationships with key stakeholders and department heads will be crucial in driving business success and achieving financial targets.

Problem Solving

The candidate will be responsible for addressing complex challenges and driving solutions that optimize financial performance and strategic planning. Candidate’s ability to think critically, analyze complex financial data and propose effective solutions will be instrumental in driving the company's success and achieving financial objectives.

Decision Making Authority & Responsibility

This role is responsible for the development and implementation of financial plans including budgeting, forecasting and variance analysis, partnering with business to ensure alignment with overall organizational goals. Implement cost control measures and identify opportunities for cost optimization and efficiency improvements while maintaining high-quality standards. Monitor financial performance against budget and targets, identify deviations, and proactively recommend corrective actions to achieve financial objectives.

Knowledge, Skills and Experience

• Qualification: ACCA / MBA-Finance or equivalent.
• Experience: 4-5 years in a similar role with a focus on MIS, Budgeting/Planning and Business Finance.
• Strong analytical skills with the ability to interpret complex financial data and draw meaningful conclusions.
• Proficiency in financial modeling and forecasting techniques.
• Excellent communication and interpersonal abilities.
• Proven ability to work effectively in a fast-paced environment and manage multiple priorities.
• Detail-oriented with a commitment to accuracy and data integrity.
• Strong problem-solving skills and a proactive approach to identifying and addressing issues.
• Knowledge of financial regulations and compliance requirements.