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Financial Reporting and Budgeting Specialist Kuwait

4.00 to 10.00 Years   Al Kuwait, Kuwait   28 Dec, 2023
Future Careers Middle East Freezone LLC
1 Jobs Openings
Job LocationAl Kuwait, Kuwait
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryRetail & Wholesale
Functional AreaNot Mentioned

Job Description

Our client, one of the fastest-growing retail company in the GCC, is hiring a Financial Reporting and Budgeting Specialist for their Kuwait corporate office. ?As a Financial Reporting and Budgeting Specialist, you will play a critical role in managing and supervising the organizations financial control and budgeting processes. Your responsibilities include validating, verifying, and consolidating annual operating budgets, updating long-term plans, and ensuring alignment with the organizations strategic objectives. You also assist in cost optimization initiatives, present monthly controlling reports, and maintain and develop the operating financial model of the company. Your role involves maintaining internal controls, managing budget change requests, and monitoring cash flow activities.ÿ

  • Design effective budget models for departments and the entire company.
  • Analyze financial information to ensure all operations are within budget.
  • Present annual budgets to senior managers.
  • Review and approve budget requests.
  • Forecast future budget needs.
  • Identify variances between actual and budgeted financial results and suggest improvements to increase profits.
  • Update long-term plans to align with the organizations strategic objectives.
  • Assist in continuous cost optimization initiatives.
  • Maintain, develop, and update the operating financial model of the company, ensuring realistic assumptions.
  • Ensure understanding and adherence to the models productivity rates and constraints among controllers and stakeholders.
  • Develop and document business processes to maintain and strengthen internal controls.
  • Manage the maintenance of Cost Centers, Profit Centers structure, and other functionalities of the SAP Controlling Module.
  • Manage the budget change request processes, including increases and transfers.
  • Coordinate with departments to address major budget overruns or escalate issues to the CFO when necessary.
  • Perform monitoring of cash flow activities and investigate variances to assist Finance in maintaining the cash position.

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