As a Financial Reporting and Budgeting Specialist, you 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.
Key Accountabilities and Activities:
Budget Management:
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.
Strategic Alignment:
Update long-term plans to align with the organizations strategic objectives.Assist in continuous cost optimization initiatives.
Financial Model Maintenance:
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.
Internal Controls:
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.
Budget Change Management:
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.
Cash Flow Monitoring:
Perform monitoring of cash flow activities and investigate variances to assist Finance in maintaining the cash position.
