Budget Associate

5 days ago

London, UK, United Kingdom Asian Infrastructure Investment Bank Full time
Budget Associate / Officer The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond-infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients' needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
AIIB's Strategy, Policy and Budget (SPB) Department is responsible for (i) developing and monitoring implementation of the Bank's strategic agenda; (ii) developing and overseeing compliance with AIIB's operational policies and procedures for the Bank's infrastructure investment operations (non-treasury), including environmental, social, procurement and financial management and (iii) developing and monitoring AIIB's annual business plan and budget to implement the Bank's strategies and manage the Bank's administrative budget to support the implementation of the annual business plan.
The Budget Associate / Officer will play a pivotal role in collaborating with team members to support Management in strategically planning and efficiently managing AIIB's budgetary resources in alignment with the Corporate Strategy and business priorities.

Responsibilities:
  • Support the full cycle of budget management, i.e., annual budget planning, monitoring, reporting and controlling AIIB's administrative and capital budgets.
  • Support advancements in cost accounting to deepen understanding of the cost of doing different types of business and assist in strategic resource planning, including cost tracking, cost allocation, management reports, system improvements, data quality, etc.
  • Help improve budget controls and reporting through process improvements and optimization of various programs (e.g., SAP SAC, SAP S4HANA) and surrounding systems throughout the entire planning to execution to reporting process.
  • Support the delivery of certain budget management-related tasks, e.g., reviewing major expenditures, benchmarking, long-term cost projection, outsourcing planning, and updating policies and procedures.
  • Participate in other large projects, and represent the SPB Budget team in driving cost efficiency, advancing strategic resource allocation and other major corporate development initiatives.
  • Assist in advising management on budget matters and respond to ad hoc requests from business stakeholders across AIIB.

Requirements:
  • A bachelor's degree, or a master's degree (preferred) or equivalent, in business administration, finance, accounting or economics or other related fields.
  • Relevant qualifications (e.g. CPA, ACCA, CIMA, CFA) would be an advantage.
  • Minimum five years of experience in budget/planning, cost and financial accounting and in dealing with relevant financial systems in the financial services industry and/or multilatetral development banks, or in global consultancy firms focusing on large financial services clients.
  • Substantial knowledge and understanding of budget management and its linkage with core operations, finance and strategy and business plan setting and implementation.
  • Proven track record and demonstrated technical competence gained from a global financial institution, top-tier professional service firm or complex multinational company (preferably with experience in financial and strategic planning).
  • Passion for international development.
  • Excellent oral and written communication skills in English, proven experience in business writing for senior management and drafting of board-level papers.
  • Superior skills in Excel, PowerPoint and analytical tools and strong analytical skills.
  • Good team player with strong initiative.
  • Good interpersonal and influencing skills to manage diverse stakeholders and ability to build consensus.
  • Proven ability to multitask, work under pressure and meet tight deadlines.

AIIB is committed to diversity, transparency and inclusion. We believe our strength comes from having a team with the right diverse skills, experiences and abilities selected through a merit-based competitive process. We actively encourage applications from people from both within and outside AIIB members, regardless of nationality, religion, gender, race, disability or sexual orientation.
Previous experience and qualifications will determine the grade and job title at which successful applicants will enter AIIB.
Join us and help create a prosperous and sustainable Asia while growing your career in a diverse and innovative environment.

ALL CURRENT VACANCIES * Closing Date: All opportunities close at 11:59 p.m. (GMT+8) on the dates listed.
** Job Type: Recruitment of staff is conducted through a merit-based competitive selection process. AIIB shall strive to provide employment opportunities open to all suitably qualified applicants, regardless of religion, gender, race, disability, sexual orientation or nationality.

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