ROLES AND RESPONSIBILITIES Guidelines and Timetable Development
Develop and communicate financial planning timetable
Guide the development of financial forecasting forms, models and tools and train relevant stakeholders in Tahakom functions on their utilization
Contribute to the development of budget policies, procedures and timetable based on developed strategy
Guide the development of budget development forms, models and tools and train relevant stakeholders in Tahakom functions on their utilization
Financial Planning
Revise financial statements against previous financial plans to identify progress against pre-set objectives and targets
Provide support in the development of revenue forecasts for Tahakom products and services
Translate department execution plans and KPIs into financial figures and derive direct CAPEX and OPEX inputs
Contribute to the process of negotiation and validation of financial forecasts with relevant stakeholders to reach a consensus and finalize 3-year rolling forecasts
Budget Development
Determine budget caps including CAPEX and OPEX spending based on financial forecasts
Participate in top-down and bottom-up budget negotiation activities and align with Tahakom departments to estimate expenditure requirements
Communicate and adopt budget preparation plan and all budget documents with relevant stakeholders
Support the development of final budget and ensure accordance with business practices
Budget Tracking and Reporting
Review purchase requests to ensure they are within budget and meet the guidelines of budget expenditure
Provide support, when needed, in the variance analyses to pinpoint discrepancies between forecasted and actual expenses and ensure corrective actions are implemented
Conduct appropriate assessments, analyze supporting business cases and obtain needed approvals in order to support the management of budget modification
Contribute to the development, revision and update of financial policies to meet Tahakom needs related to budgeting, planning and reporting
Develop annual coding plan defining relationships between all account structures
Review ad-hoc and periodical reports and submit to top management
