Head of Planning & Budgeting

Job Description

Job Summary:This role is responsible for managing the whole process of planning and budgeting in the company which includes preparing the templates to prepare the budget by all concerned sections / departments. Comply with the approved policy of budgeting regarding the deadlines and the management of the budgeting process. Receiving the budget estimates from all the departments of the organization and critically examines them for correctness, accuracy and completeness and conformance with the established procedures, regulations and organizational objectives. Also responsible for suggesting suitable amendments in the budget to managerial staff of the concerned department and consolidating the data for budget presentation and also providing an overview of the financial status of all the operations. The important part of this role is also to monitor the budget throughout the year, preparing detailed variance reports pertaining to discrepancies and amendments that occurred in the budget, during the entire financial year. The role holder should help with providing information and presentation to the company?s Board of Directors. Budgets should be prepared for each of company?s subsidiaries and Group. The role holder should liaise and provide budget and long range plans to shareholders.Key Accountabilities: ? Responsible for the daily management of the planning and budgeting section? Manage and prepare annual financial plan and planning model? Develop guidelines for financial planning and modelling? Develop seamless process from financial planning to annual budget and lead the preparation of Group consolidated Budget / Parent / Subsidiary Budget (Revenues, OPEX & CAPEX) including all financial statements for presenting to management team.? Develop / Review / update financial planning / Budget guidelines to end-users? Develop and maintain a group balance score card, measure financial performance through group KPI?s? Manage financial planning, budgeting and variance (revenue and expenditure) reporting to the Management Team and other stakeholders.? Provide ad hoc reports to management needed for decision making.? Interacts with other departments / sections in obtaining the necessary inputs for the budget preparation.? Collects statistical, project, and budget information for budget preparation and calculations.? Suggests improvement to budgeting process and control.? Develop a business analyst network.? Maintain professional relationships with auditors, owners and local authorities? Map the relevant processes.? Lead and implement Budgeting automation program.? Lead planning and budget related improvement projects to streamline workflow and simplify work processes.? Responsible for the development, implementation and maintenance of relevant policies and procedures? Ensure compliance with internal controls, policies and procedures as well as local laws and regulations. Respond to requests for information from regulatory bodies.? Prepare the section?s annual budget, monitor progress and implement action when required? Prepare the section?s annual action plan and monitor progress.? Ensure availability of qualified and competent staff by initiating recruitment, development and training actions. Plan and follow-up development of nationals.? Treat staff respectfully; lead by example.

Keyskills :
Planning & Budgeting Budgeting & Forecasting Budget Management