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Budget & Costing Section Head

Heliopolis, Cairo

Budget & Costing Section Head

Heliopolis, Cairo
Posted 1 month ago
129Applicants for1 open position
  • 24Viewed
  • 0In Consideration
  • 0Not Selected

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
  • Review CAPEX budget requests for approval
  • Identify variances between actual and budgeted financial results at the 
    end of each reporting period
  • Prepare the costing for recipes and BOM.
  • Track the cost per items based on STD cost and consumptions.
  • Suggest spending improvements that increase profits.
  • Randomly test the inventory of per branch as spot check.
  • 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
  • Analyze monthly department budgeting and accounting reports to maintain 
    expenditure controls.
  • Provide advice and technical assistance with cost analysis, fiscal 
    allocation, and budget preparation.
  • Summarize budgets and submit recommendations for the approval or 
    disapproval of funds requests.
  • Carrying out cost – volume – profit analysis per branch.
  • Identify the prober way to segregate the controllable and non-controllable 
    cost.
  • Work closely with branch head to put the clear justifications with course of 
    action for any unfavorable variance across all business unit.
  • Applying the responsibility accounting system including revenue centers, 
    cost centers, profit center, investment centers. 
  • Seek new ways to improve efficiency and increase profits.
  • Review operating budgets to analyze trends affecting budget needs.
  • Examine budget estimates for completeness, accuracy, and conformance 
    with procedures and regulations.
  • Compile and analyze accounting records and other data to determine the 
    financial resources required to implement a program.
  • Conduct analyses and reporting for corporate functions including, monthly 
    financial analysis, reforecasting, variance analysis, pipeline analysis, and 
    graphical summaries of business unit financial performance.
  • Analyzing financial and operational results to better understand company 
    performance
  • Comparing historical results against budgets and forecasts, and 
    performing variance analysis to explain differences in performance and 
    make improvements going forward
  • Provide detailed analysis and commentary on cost center results
  • Creating, updating, and maintaining financial models and detailed 
    forecasts of the company’s future operations
  • Provide insights to senior management around financial modelling, 
    forecasts and profitability
  • Working closely with team to formulate the business's medium to long 
    term financial and strategic plan

Job Requirements

  • Functional Level: “Familiarity with forecasting methods and data analysis,
  • Business Level: experience in hotels and hospitality , Food and beverages 
  • Interpersonal Level: communications skills, team work skills, ownership, leadership skills.
  • Educational Background: Bsc of commerce with major accounting. 
  • Professional Experience: Years of experience required from 7 to 10 years 
  • Qualifications and certificates: Advanced computer skills on MS Office, CMA, fluent in English 
    language

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