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Job Description
- Performs the full range of budget activities.
- Develops and monitor work procedures and budget guidelines.
- Prepares the annual budget and financial forecasts, as well as, the Business Plan when needed.
- Analyzes the financial and economic indicators that can affect the Company’s budget.
- Identifies the deviation between actual and budgeted financial results, reporting and explaining the monthly budget variances to the Company’s management.
- Prepares variance analysis and a draft of comments for interpreting the actual vs. budget deviations.
- Prepares all the required budget reports, MIS reporting, comprehensive presentations, and correspondences as per scheduled deadlines.
- Structures and implements proper budget centers’ system, analyzes revenues and expenses variances of those different budget centers, and controls the cost allocation.
- Controls and approves actual expenditures within the approved budget and authorities, and reports on deviations with justifications.
- Applies principles of managerial accounting and MIS to provide management with detailed revenue/expense data analysis not ordinarily supplied by general accounting systems.
- Analyzes and implements operational budget control through meetings with different departments.
- Supports the Top Management in preparing comprehensive studies for the Company's business plan and analyzes alternative opportunities. Prepares financial dashboard reports to provide insight into business performance and financial results.
- Prepares, implements, and updates the Business Plans.
- Conducts capital budgeting and assessment for any new investment opportunity.
- Applies budget on Oracle to make all data and reports extraction automated.
- Conducts budget transfers (when required) on Oracle in accordance with the manual of authorities.
- Prepares budget review report and profit or loss summary report on a monthly basis.
- Performs other duties as assigned or required.
Job Requirements
- Bachelor's degree in Accounting, Finance, or related field.
- Professional qualifications in Accounting/Finance (e.g. CMA) are preferable.
- Experience 10 years in Planning and Budgeting with at least 2 years related experience in financial leasing at the supervisory level.
- Excellent command of both English and Arabic languages.
- Good supervisory skills and a team player.
- Demonstrated knowledge of Accounting standards, financial systems, and Regulatory provisions.
- Knowledge of KPIs, Planning, Budgeting, Investment Evaluation, Principles and Practices of corporate finance, Egyptian Accounting Standards, short and long-term financial forecasting, and reporting practices.
- Analytical presentation and reporting skills.
- Good communication, interpersonal, and problem-solving skills