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Job Description
- 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
- Develop regular financial reports ( full set of financial statements) and analysis forecasting and trending budget performance and institutional financial positioning for Finance and Operations.
- Ensure compliance with current budget and spending policies, and propose improved policies and systems regarding spending guidelines, cost savings, cost allocation, and annual planning
- Liaise with both the development team and their systems to ensure that across departments there is financial continuity, accuracy, and adherence to key processes such as clear cost and revenue accounting, reporting and compliance.
- Work with the Finance team to streamline internal financial reports and reporting processes to deliver more efficient, more effective, and more useful reports and analysis.
- Provide training to staff on budget management processes and systems
- Ensure compliance with current budget and spending policies, and propose improved policies and systems regarding spending guidelines, cost savings, cost allocation, and annual planning
- Identify variances between actual and budgeted financial results at the end of each reporting period and Suggest spending improvements that increase profits, document and report on significant variances
- Develop and Maintain the budgeting policies and procedures manual
- Update the budget model as requested to account for significant changes in the business environment
- Ensure department managers meet budget submission deadlines
Job Requirements
- 5-7 years’ of budgeting, financial reporting and financial systems work experience, preferably in the manufacturing sector in a managerial position,
- Advance proficiency in Microsoft Excel and experience with financial systems integration.
- Familiar with budget ERP system
- Experience in budgeting and budget planning including development of annual budgets, forecasting and variance analysis.
- Knowledge of ERP accounting software
- Proven ability to prioritize projects and initiate follow through with meticulous attention detail.
- Excellent data presentation skills and ability to write clearly and concisely
- Knowledge of accounting best practices and regulations
- Ability to explain budgeting and financial information in plain terms
- BSc/MSc degree in Accounting, Finance or relevant field
- use critical thinking to create financial forecasts and make budgeting decisions.
