Budget Officer at the OPEC Fund for International Development

The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are:  Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.

We are recruiting to fill the position below:

Job Title: Budget Officer

Location: Austria
Employment Type:  Fixed Term Contract
Department / Unit: Finance / Financial Administration Unit
Required Languages: English
Grade: Professional
Job Category: F
Recruitment Status: International

Job Description

• The Budget Officer performs tasks and activities related to the OPEC Fund’s three-year Administrative and Capital Expenditures Budgets cycle including planning, preparation, validation, consolidation, execution and monitoring.

Responsibilities
Data collection & analysis:

• Performs standard projections and analysis on required budgetary resources; interprets raw data and information and prepare management budget reports
• Performs ad hoc analyses that drive strategic business and budgetary decisions
• Analyzes data and financial and business metrics to monitor budget performance and assists Management in achieving objectives with optimal utilization of resources
• Investigates variances between actuals and forecasts or estimated expenses to understand trends and potential risks and opportunities
• Monitors and assesses key budget performance indicators
• Develops and maintains strong understanding of the costs and budgetary performance of the organization at all levels of budget structure including cost centers, categories, elements

Stakeholder management, communication and engagement:

• Creates effective business relationships across the organization throughout the annual budget cycles to maintain accuracy of budget estimates and forecasts

• Cooperates and supports the preparation of the departments’ work plans, to ensure alignment between the business initiatives and the strategic objectives of the institution

• Communicates budget data and figures in reports, narratives and through visual representations

• Assists in the design of periodic budget reports to drive and promotes data driven and informed decision making

• Provides training and guidance to staff on budget-related processes, systems and tools

Reporting:

• Prepares periodic budget reports, dashboards, and analyses on the organization, including budget utilization, reallocations, annual budget performance or any ad hoc report as required
• Develops and maintains key budget metrics

Budget planning and preparation:

• Supports planning and preparing the Administrative and Capital Expenditures budget, in accordance with the institutional budget administration framework, guidelines and manual
• Assists in analyzing the departmental budget submissions, evaluation of the soundness of justifications, ensuring the adoption of activity-based budgeting, finalization of the budget proposals and preparing consolidated budget reports
• Prepares comparative and variance analysis on Budget implementation and utilization
• Supports application of the best financial management practices: budgeting standards, costing methodologies, resource projections, variance analysis and cost allocation
• Contributes to budget systems and processes enhancements, to improve the effectiveness and efficiency of delivering the organizational mandate

Capacity building:

• Contributes to the strengthening and capacity building of the Fund by developing and improving management and organizational budget processes and procedures; automations and system enhancements and participates in the committee(s) relevant to these matters
• Carries out other tasks assigned by the supervisor that are related to the job function.

Requirements

• A Master’s Degree or equivalent in Finance or Business, majoring in Accounting, Financial Analysis, Business Administration or a relevant field
• Recognized accounting and/or financial certification such as the ACCA, CIMA and preferably CFA is desirable
• A minimum of five (5) years of relevant professional experience in a related field, of which at least three (3) should have been at an international development finance institution
• Ability to business convert concepts and objectives into sound financial/numerical logic, principally through modelling and projections
• Fluent in English. Good working knowledge of Arabic, French or Spanish, Russian or Portugese is an added advantage

Competencies:

• Ability to Work Under Pressure – The capacity to remain composed, focused and productive when facing tight deadlines, high-stakes situations and demanding workloads
• Cross-Cultural Sensitivity – The ability to take into account the variety of the human experience and how it contributes to the workplace and to demonstrate  respect for diverse cultures and viewpoints.
• Effective Planning and Follow Up – The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through on commitments and plans
• Subject Matter Knowledge – The in-depth understanding and expertise in specific fields relevant to the OPEC Fund’s operations and the individual’s role
• Decision making – The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.

Application Closing Date
11th May, 2025.

How to Apply
Interested and qualified candidates should:
CLICK HERE TO APPLY