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Job Details:
Company name : European Bank for Reconstruction and Development
Position Name : Associate Director, Head of Budget
Location: London
Job ID : 5ac274b675dbc679
Description : Requisition ID 26244
Office Country United Kingdom
Office City London
Division Finance – Strategy, Planning & Control
Dept. / Bus. Group Budget Planning and Control
Business Unit Budget Planning and Control
Contract Type Regular
Contract Length
Posting End Date 18/02/2022
As the Associate Director, Budget Planning and Control, you will play a visible and important role in promoting sound cost management across the organisation, enabling the delivery of the Bank’s mandate and its transition impact. You will be responsible for key budget management activities, including budget planning and control, cost management, as well as the related reporting and analytics.
The Associate Director leads the resource planning and is responsible for the budget control, reporting and advisory/business partnering functions. The incumbent engages with a large internal client base, including Board of Directors, the Executive Committee, and senior business leaders across the organisation. They are a key partner to senior stakeholders across the Bank in the review and development of their business plans and resource investments, whilst maintaining a high degree of independence as required by the control aspects of their role. The Associate Director is a key and active participant in resource optimisation discussions, contributing to high level of cost efficiency across the EBRD.
Accountabilities & Responsibilities
Budget Planning and Partnership
Leads the development and coordination of the Bank’s overall budget framework and annual Budget proposals (a key component of the annual Strategy Implementation Plan)
Builds strong relationships with and influence senior leaders across the Bank to enable effective financial management
Engages and partner with Executive Committee members, senior business leaders, and Human Resource and Organisational Development to forecast budgets, support workforce planning and other strategic Bank initiatives enabling optimisation of resources
Cost Management
Responsible for establishing and embedding sound cost management practices across the Bank. Monitor and control cost budgets.
Establishes and maintains expenditure approval policies (capital expenditure and operating expenses) and define delegation of authority limits.
Leads the function in assessment and advice on the financial impact of major expenditure proposals
Responsible for proactive involvement in initiation, design and implementation of improvement projects relating to business efficiency and performance through delivery of end-to-end analysis of cost bases and cost drivers.
Ensures function delivers appropriate challenge of key business stakeholders on rethinking and improving current operating model in target areas to improve efficiency
Identifies and promotes opportunities for more productive use of budgets and resources across the Bank, including through strengthening of incentives to support cost management and P&L ownership
Reporting and Analytics
Leads development and continuous improvement of the budget reporting function, actively cooperating with teams in Finance, IT and the Human Resource and Organisational Development team, to ensure consistent approach to data governance and maximise the impact of reporting and analytical solutions.
Guides development of cost analytics to support the cost efficiency agenda and inform resource allocation decisions
Ensures provision of quality management information to key stakeholders and decision makers (including the Executive Committee) to support the review and formulation of new business plans and proposals
Operational Excellence
Responsible for developing and implementing best in class budget management tools, metrics and models and simplifying and streamlining processes across the function
Leverages understanding and experience of best practice in budget management to review and enhance approaches to budget management and cost efficiency across the Bank
Building on market practice and own experience, leads continued improvement of reporting platforms and tools to ensure provision of accessible budget data and facilitate wide use of the resulting information and analytics across the Bank
People Management
Leads, manages and develops the Budget Business Partnering and Budget Reporting & Analysis teams to enable effective and efficient delivery of functional objectives
Builds an effective business partnering function and leverage its capabilities to support long-term financial sustainability and planning
Builds a culture of continuous improvement and ‘thinking outside the box’ to deliver performance in line with strategic objectives and consistent with the EBRD’s values
Knowledge, Skills & Experience
Knowledge, Experience and Qualifications
Proven track record of managing a business partnering function
Experience in cost management and driving organisational efficiencies
Extensive practical experience in budget and planning issues
Relevant degree or equivalent experience
Previous leadership experience within a Budget management function.
Strong financial modelling skills and familiarity with financial systems
Good knowledge of the banking and financial markets sector
Personal Skills
Demonstrated ability to operate independently and to effectively prioritise workloads to meet timeframes
Forward thinking mind-set and commitment to continuous improvement and creating innovative solutions
Demonstrated project management and implementation skills
Strong relationship management, coaching and negotiation skills, with the ability to navigate internal debates
Solid business acumen, with a deep interest in the drivers of performance and a passion for continuous improvement with a track record of driving change.
Ability to confidently drive action and motivate professionals to deliver business objectives effectively in a multi-cultural, results oriented organisation.
Excellent communication and influencing skills, including the ability to build credibility quickly and partner at all levels of the organisation.
Proactive, problem-solving approach, combined with demonstrated ability to challenge in order to deliver business results and support commercial decision-making.
Diversity is one of the Bank’s core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. As an inclusive employer, we promote flexible working.
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