Role purpose
Lead the bank’s budgeting, forecasting and business planning. Give the CFO and Executive Management clear, reliable financial insight to support strategy, pricing and performance decisions.
Key responsibilities
- Lead the annual budget and multi-year strategic business plan, working with business units and senior management.
- Prepare rolling forecasts and periodic re-forecasts of the income statement, balance sheet and key financial ratios.
- Build and maintain financial models to evaluate new products, business initiatives, investments and pricing.
- Perform monthly variance analysis of actuals against budget and forecast, explain the drivers, and recommend corrective action.
- Prepare MIS packs, KPI dashboards and performance reports for the CFO and Executive Management.
- Run scenario and sensitivity analysis on interest rates, growth and macroeconomic assumptions, and assess their effect on financial performance.
- Improve planning and forecasting processes and tools, adding automation and reducing manual work.
- Maintain strong controls over planning data, financial models and key assumptions.
- Prepare the quarterly CBB Prudential Information Report (PIR) and its supporting schedules.
- Work with core banking accounting system data for planning and reporting.
Requirements
- Bachelor’s degree in Accounting, Finance or a related field.
- ACCA, CA, CPA or CMA (qualified or finalist); CFA is an advantage.
- 6–10 years of experience in FP&A, budgeting or financial planning, at least 3 of them in a bank or financial institution.
- Hands-on experience with bank budgeting and forecasting: net interest income, balance sheet, funding and key ratios.
- Familiarity with Central Bank of Bahrain (CBB) reporting, especially the PIR, is strongly preferred.
- Understanding of core banking accounting systems (e.g. T24, Finacle, Flexcube).
- Advanced Excel and financial modelling; Power BI or other dashboard tools are an advantage.
- Strong communication skills and confidence presenting to senior management.
- Based in Bahrain or able to join at short notice.
