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Principal, Budget Business Partner

Posting Date: 13-Aug-2019

Location: London, GB

Company: EBRD

Requisition ID 15219
Office Country United Kingdom
Office City London
Division VP Finance
Dept. / Bus. Group Finance - Strategy, Planning & Control
Business Unit Budget Business Partnering - CSG
Contract Type Regular
Contract Length
Posting End Date 26/08/2019 



Purpose of Job


The Principal, Budget Business Partner is responsible for budget-related client partnering for a number of departments within the Bank, within the Budget team’s mandate of establishing the Bank’s overall administrative expenditure budget and monitoring its execution. The role provides direct support to the Associate Director, Head of Budget Business Partnering in work to develop and present proposals for the overall budget framework for the Bank.  The Principal challenges and advises budget holders in the use of their budgets and in preparing resource proposals. 


The Principal, Budget Business Partner contributes to the preparation of specific sections of Bank documents issued to senior management and to the Board including the three year Strategy Implementation Plan incorporating the annual Budget.


Accountabilities & Responsibilities


Accountabilities and responsibilities for this role are to be carried out with a strong degree of independence with limited supervision of the Associate Director, Budget Business Partnering, escalating complex or sensitive issues to the Associate Director or Director for guidance.     

  • Challenge and advise Executive Committee members and MDs, applying business understanding regarding staffing and other resource decisions.  This requires proposing how to manage issues and being solution orientated. 
  • For relevant client group,  provide expert advice around the development and coordination of the budget framework and annual Budget proposals
  • Represent FSPC in cross-departmental projects and contribute as a subject matter expert
  • Play a key role in the development of client group business cases and operating model synergies.
  • Lead review of specific budget issues to support strategic input into budget decisions
  • Structure, lead and manage the implementation of projects, in particular workforce planning initiatives.
  • Actively monitorthe  business plan and budget execution, highlighting key variances and providing rationale forf respective client groups
  • Monitor staffing costs against agreed cost envelopes and tracking of agreements. Partly or fully delegated decision making on ongoing staffing issues, with escalation of proposed solutions to FSPC management level, as necessary
  • Supervise work carried out by the Associate/ Analyst – regular tracking of contingency or provision utilisation, productivity analysis for enhanced efficiency in resource reallocations, on-going staffing and other analysis
  • Involved in training of Budget Officers within the relevant client group and Heads of Resident Offices for Banking Department
  • Responsible for recruit, train and manage junior staff to effectively meet objectives of the team


Knowledge, Skills, Experience & Qualifications


  • Significant practical experience in budget management issues
  • Qualified accountant/ CFA qualified/ relevant Masters and/ or strong practical experience in Finance
  • Strong accounting knowledge and financial background
  • Excellent numeric and analytical skills
  • Ability to work under high degree of independence, whilst ensuring appropriate checkpoints are in place
  • Stakeholder management and strong negotiation skills
  • Coaching, mentoring and leadership skills
  • Relationship management and strong influencing skills
  • Persuasive, adapting information and style to the audience, building trust and attaining agreement
  • Commitment to continuous improvement and developing innovative solutions
  • Ability to work to deadlines and under time pressure
  • Strong drafting and presentation skills
  • Excellent written and oral communication skills in English




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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