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Budget Team Leader

NESMAL Investment
Maadi, Cairo
Posted 5 years ago
83Applicants for1 open position
  • 83Viewed
  • 4In Consideration
  • 77Not Selected
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Job Details

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Job Description

  • 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
  • Suggest spending improvements that increase profits
  • 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
  • Advanced proficiency in Microsoft Excel and experience with financial systems integration.
  • Experience in budgeting and budget planning including development of annual budgets, forecasting and variance analysis.
  • Experience of grants management implications in budgeting and with proposal budget development.
  • Knowledge of accounting software (e.g. Sage MIP)
  • Demonstrated project management and problem-solving and ability skills to find creative solutions.
  • Proven ability to prioritize projects and initiate follow through with meticulous attention detail.
  • Excellent data presentation skills and ability to write clearly and concisely.
  • Developing financial strategy, including risk minimization plans and opportunity forecasting
  • High-level financial reporting and analysis
  • Regular budget consolidation
  • Improving efficiencies and reducing costs across the business
  • Developing financial reviews and providing investment advice
  • Working closely with management or executive teams to share reports and analysis findings
  • Well-developed leadership skills
  • Mentoring
  • Create and revise budgets for production, sales and marketing, and administrative departments
  • Perform financial analysis and forecast project revenue and expenses
  • Prepare budgets according to the company guidelines and in a manner that caters to all departments
  • Prepare monthly, quarterly, and annual financial reports
  • Analyze budgeting and accounting reports of each department and enforce expenditure controls
  • Communicate with managers and make amendments in budgets
  • Allocate budget to the team working on projects and issue instruction and guidelines to abide by
  • Compare operating programs with cost-benefits analysis and review finance request from department heads
  • Inform department managers of due dates for the submission of budget information
  • Act as an advisor to department managers in formulating their budget submissions
  • Review proposed budget submissions from department managers for accuracy and completeness
  • Examine whether budget submissions can be achieved based on known capacity constraints and inform management of potential problem areas
  • Propose enhancements to the budget model
  • Examine capital budget requests and issue recommendations to the approval committee
  • Coordinate capital budgeting approvals
  • Review the budget model for calculation errors
  • Create a consolidated budget version for management approval
  • Explain the features of the budget to senior management, on behalf of department managers
  • Propagate the approved budget throughout the organization and explain issues as requested.
  • Compare actual to budgeted results at the end of each reporting period, and report on significant variances
  • Update the budget model as requested to account for significant changes in the business environment
  • Maintain the budgeting policies and procedures manual

Job Requirements

  • Bachelor’s Degree in Finance and certified ( MBA & CFA or CMA).
  • At least 5 years of recent in an investment company.
  • Advanced in presentation MS Excel skills required
  • Strong communication skills, both written and verbal
  • Gender: Male
  • Military Status: completed or exempt.
  • Age: Not more than 40 years.
  • High experience in Computer Skills: Ms. Word • Ms. Excel • Ms. PowerPoint
  • English fluently: Excellent in writing & Reading & Speaking.
  • Hard worker
  • 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 attention to detail
  • Strong analytical skills
  • 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
  • Strong cost forecasting and cost management experience
  • Prior experience tracking, reporting and analyzing project performance. Also, experience providing recommendations in support of project and cost management
  • Ability to identify opportunities for cost improvements and provide recommendations in support of project and cost management
  • Ability to work independently and demonstrate independent judgment
  • Ability to mentor, coach and provide guidance to junior colleagues

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