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Job Description
- Budgeting Manager - Finance Department
- Gathering budget proposals from departments and compilation of Master Budget.
- Implementation, Monitoring, and Control of Budgets through timely reporting and meeting with departmental heads
- Preparation of variance analysis reports and investigating the reason for cost control purpose and to make recommendations
- Other reporting requirements as advised from time to time.
- Designing effective budget models for departments and the entire company
- Analyzing financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget
- Presenting annual budgets to senior managers
- Design effective budget models for departments and the entire company
- Analyze financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget
- Present annual budgets to senior managers
- Review budget requests for approval
- Forecast future budget needs
- Identify variances between actual and budgeted financial results at the end of each reporting period
- Review the company’s budget for compliance with legal regulations
- Ensure department managers meet budget submission deadlines
- Design and implement effective budgeting policies and procedures
- Review, analysis, and comments for monthly management reporting pack and Financials
- Preparation of rolling financial forecast its analysis with budget, actual and prior periods.
- Preparation of annual budgets and monthly cost center wise analysis and reporting of variances.
- Managing budgets based on authority levels and limits and taking necessary actions to control and reduce cost.
- Support month-end closing by ensuring that all expenses and provisions are booked to appropriate Accounts.
- Preparation of monthly Management Accounts and performance measurement reports.
Job Requirements
- Proven work experience as a Budget Manager or Budget Analyst
- Hands-on experience with accounting software and statistical packages
- Knowledge of MS Excel (specifically, advanced formulas, pivot tables, and charts)
- Familiarity with forecasting methods and data analysis
- Excellent numeracy skills with an attention to detail
- Strong analytical skills
- Knowledge of accounting best practices and regulations
- Ability to explain budgeting and financial information in plain terms
- BSc degree in Accounting, Finance or relevant field, recommended CMA holder.
- 10 – 15 years’ experience in budgeting out of which 3-5 years in a senior position.
- English: very good
