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Budget Planning and Control Director

8.00 to 10.00 Years   Riyadh, Saudi Arabia   06 Dec, 2021
Confidential Company
1 Jobs Openings
Job LocationRiyadh, Saudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryMetro & Rail Passenger Transport
Functional AreaNot Mentioned

Job Description

The role holder is responsible for preparing Financial Plan, annual budget, and management reports. The role holder is also responsible for monitoring the financial performance of the company and assisting top management in corrective actions and highlighting the financial impacts of business & strategic decisions.CORE RESPONSIBILITIES:Financial Planning

  1. Cooperate with the CFO to carry out major financial plans
  2. Work closely with BUs & functions managers to maintain a focus on current and future financial needs to satisfy business needs & growth
  3. Assist in rendering financial advice to the management of different operations, to undertake proper financial decision making
  4. Oversee the development of the company-wide financial plan
Budget Management
  1. Develop budgets and forecasting materials, in discussion with businesses and functions
  2. Set-up appropriate templates and populate budget reporting module & techniques through Preparing detailed budget charts, budgeting processes, tables, and spreadsheets
  3. Present budgets to top management and committees and obtain approval based on authority matrix
Cost management
  1. Prepare monthly & quarterly management reports that will compare actual costs with budgets
  2. Analyze revenue and expenditure results and suggest corrective actions when required
KEY RESPONSIBILITIES & PRINCIPLE ACTIVITIESStrategic and Managerial Contribution:
  1. Ensure budget planning helps meet the strategic plans and objectives of the company
Health, Safety, Environment:
  1. Comply with the company safety, health, and environment objectives.
  2. Compliance with the environment and health standards in coordination with HSE Department
Budgeting & Cost Control:
  1. Manage budget and control for function-specific expenditure i.e. payment selection and usage of financial auditor
People Management Responsibilities:
  1. Review performance goals for team members in discussion with respective managers at the start of the year in and ensures that the goals are achieved during the year.
  2. Identify the training and development requirements for self and agree with HR to ensure that the required trainings are arranged and attended.
  3. Strive to achieve the highest levels of proficiency on all the competencies and skills required to perform the role.
  4. Keeps abreast of professional developments, new techniques, and current issues through continued education and professional growth.
COMMUNICATIONS & WORKING RELATIONSHIPS (NOT EXHAUSTIVE)
  1. Frequent interactions with all functions and BUs to collect financial data and information
  2. Frequent interactions with the CFO, and the 2 arms: Treasury and investment, financial control, and accounting
  3. Frequent interactions with high management to share updates
  4. Frequent interactions with external auditors
FRAMEWORKS, BOUNDARIES, AND DECISION-MAKING AUTHORITY
  1. The role holder has direct authority over his function consisting of 3 branches: Financial planning, Budget management, Cost management
  2. The role holder has authority to control budget compliance in all functions and BUs

Keyskills :

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