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Job Summary

The Strategic Resource Management (SRM) Division of the Information Technology Department (ITD) at the International Monetary Fund (IMF) is looking to fill a Budget Officer (Contractual) position. The selected individual will be responsible for supporting the Department’s integrated financial management approach of all IT financial resources and benefits from our IT investments into downstream operations and vice-versa for greater value realization and accountability.

The Budget Officer will:

• Apply knowledge of the IMF budget policies and processes to support the administrative and capital budgeting processes.
• Adopt a Technology Business Management (TBM) framework to improve business outcomes by consistently translating technology investments into business value through transparency of costs, consumption, and performance.
• Support an integrated data-driven approach to strategic decision-making through a set of protocols to plan, manage, optimize costs through the establishment and monitoring of key financial performance metrics.
• Perform holistic, dynamic and rigorous data analysis to: (i) monitor expenditure trends to evaluate budget performance related to the development and maintenance of information systems; (ii) support the identification and reporting of cost elements; (iii) assist with the identification of inter-dependencies of investments to reduce Total Cost of Ownership (TCO) and; (iv) support, as necessary, the optimal execution and sequencing of IT investments and operational improvements.
• Work independently to coordinate and execute budgeting activities with the central Office of Budget and Planning (OBP), as well as other Fund departments.

Minimum Qualifications

Educational development, typically acquired by the completion of an advanced university degree in business, finance, budgeting, accounting, statistics, computer science, or related field, or a Certified Public Accountant (CPA) or similar professional certification, or equivalent; or a university degree, or equivalent, supplemented by a minimum of six years of relevant professional experience is required.

The professional qualifications below are required:

• Previous proven IT Financial Planning & Analysis, Innovation Finance or Project Management experience.
• Experience in budget formulation is a plus.
• An overall understanding of IT cost models, IT delivery models and IT financial management best practices.
• Demonstrated experience in complex and multi-dimensional financial data analytics.
• Significant experience in advanced Excel, PowerPoint and MS Office required.
• Experience with BI tools, such as TM1/Cognos (or others) preferred.
• Experience with a TBM platform and/or IT Showback model is a plus.
• Experience in cloud costing and how to tie usage to each business unit.
• Experience in conducting budget projections and analysis, including developing accurate forecasts; and providing strategic insights on staffing cost models.
• Demonstrated outstanding customer service skills.
• Positive attitude and willingness to go above and beyond in support of stakeholders.
• Experience in working with senior leadership and cross-functional teams.
• Excellent facilitation and conflict management skills to enable effective working relationships.
• Demonstrated ability to assess needs and potential risks of issue escalation; creatively and collaboratively approach solutions; decide and influence appropriate courses of action.
• Proven critical thinking and analytical skills in support of strategic planning and operational optimization.
• Financial acumen.
• Excellent verbal and written communication skills.

Major Duties and Responsibilities

• Works with application development and support leaders to facilitate on-going application data maintenance, TCO of applications, financial variance analysis, adherence to monthly consumption reports and executive reporting to support financial model(s).
• Assists the development and assessment of Fund-wide analytical models of expenditure patterns and other tools used for budget monitoring and control.
• Tracks departmental /division/unit expenditures to control spending, identify efficiencies, where possible, and adjust budgets, as needed.
• Monitors, reports and identifies spending patterns to SRM Division Chief.
• Develops, prepares and maintains monthly and quarterly operating and capital budget variance and forecast reports for the SRM Division Chief and Department’s senior management and the Office of Budget and Planning.
• Responsible for preparing and maintaining spreadsheets and databases related to the development of ITD’s operating and capital budget submissions.
• Responsible for carrying out special analysis of the budget performance of the department and projects, including financial reports to advise ITD management of the financial status of various operating and capital budget items using information extracted from corporate and divisional accounting systems and databases.
• Coordinates and executes the approval of funding for capital projects throughout the budget life cycle and ensures that the funds are allocated to the proper capital accounts while identifying carry-forward funding needs and arranging for the return of unspent funds.
• Supports year-end process and projections.
• Develops and/or assists in the formulation and maintenance of analytical models for forecasting ITD’s budget and assessing expenditure patterns and other tools used for budget monitoring and control.
• Develops financial metrics/indicators and reporting processes to monitor outputs, inputs, and cost-effectiveness of ITD’s programs and activities.

This is a one-year contractual appointment. Contractual appointments at the IMF are renewable for up to four years of cumulative contractual service, pending incumbent’s performance, budget availability, and continuous business need.

Department:

ITDRM Information Technology Department Strategic Resource Management

Hiring For:

A09, A10

The IMF is committed to hiring diverse staff, including age, creed, culture, disability, educational background, ethnicity, gender, gender expression, nationality, race, religion and beliefs, and sexual orientation. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.

Level of Education: Bachelor Degree

Work Hours: 8

Experience in Months: No requirements