Budgeting & Financial Reporting Manager

Job Description

?????????Prepare and distribute the necessary budget forms and templates among all concerned departments in Company & its subsidiaries to obtain their inputs to prepare the Annual budget with all required information and analysis.?????????Coordinate with various heads of departments in Company & its subsidiaries to collect and analyze all budgeting requirements to ensure the implementation of the budgeting exercise.?????????Lead the development of financial planning, budgeting & forecasting process (both revenue and cost), including the development of the budget manual and templates with programmatic work plans and organizational goals.?????????Ensuring that the final approved budget is uploaded into ERP system- Oracle/SAP.?????????Lead the production of monthly financial performance report presentations for Company and its subsidiaries throughout the year.?????????Prepare Quarterly/Semi-Annual Consolidation reports for Company and its subsidiaries for the Holding Company.?????????Ensure compliance with current budget and spending policies and propose improved policies and systems regarding spending guidelines, cost savings, cost allocation, and annual planning.?????????Work with the relevant subsidiaries to streamline internal financial reports and reporting processes to deliver more efficient, more effective, and more useful reports and analysis.?????????Responsible for the effective monitoring of all budgets for all Company departments & its subsidiaries and ensuring that the required expenditure (Opex/Capex), both for values and approvals is as per the DOA Matrix and policies.?????????Responsible for preparing the revised budgets for Company & its subsidiaries, whenever required.?????????Provide management with regular reports on progress towards targets, flagging variations and conduct initial checks on reasons for under/over achievement.?????????Ensure that relevant reports are prepared and presented to management as required to enable them to monitor business performance closely to take timely corrective actions.?????????Submit the financial statements analysis report as required including the necessary analysis for income statement, financial position and cash flow, comparing the results with estimated budget for the previous period with analysis of variances?????????Review the monthly operational expenses that relate to administration and compare with budgeted figures and follow up variances with concerned departments/subsidiaries to take the necessary corrective actions.?????????Review the monthly capital expenditure and project expenditure, prepare variances between actual and budget to understand reasons for deviations.?????????Provide financial advice to the business on cost cutting measures and budgetary oversight with a view to support the business objectives.?????????Assisting in projecting future financial needs taking into consideration the various projects undertaken by the Alaqtar departments & its subsidiaries to support management decision making.?????????Support the preparation of short, mid and long-term business plans.?????????Conduct detailed financial analysis in areas like Sales, Margin, Inventory, Store space, etc. on a periodic basis and prepare the analytical reports for management.?????????Prepare any ad hoc reports required by the CFO.?????????Assist internal and external auditors as needed to ensure audits are completed as per the required timeframes.?????????Set and agree on performance objectives for all direct reports and provide coaching and feedback to teams/individuals in line with good people management practices to ensure job responsibilities are optimally delivered?

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