Submit budget recommendations for approval or rejection of funding requests
Explain and defend recommendations to management and stakeholders
Collaborate with managers to develop final consolidated budget
Ensure the organization’s budget adheres to legal regulations
Oversee expenditure and identify trends in spending
Make forecasts for future budget needs
Suggest improvements to increase profits (e.g., spending cuts)
Prepare periodical and special reports
Support quarterly & annual closing, update management package with key figures and analyses of performance (cost centres and projects)
Issue quarterly reports to the Directors & Budget owners including analysis of variances vs Budget/Forecast
Liaise on regular basis with the directors and budget owners to track expenses, propose savings opportunities and suggest concrete actions to compensate budget shortfalls
Support preparation of Finance Commission (FC) / Presidential Executive (PE) meetings with key figures, analysis and back up documentation
Prepare regular landing & alert Senior management in case of risks, deviations from Budget or Plan
Work closely with accounting department to ensure that the allocation of expenditures reflects agreed rules and enables proper monitoring
Skills
Bachelor in Finance, Accounting, Economics, Mathematics, Statistics or any other relevant discipline.
Minimum 4-6 years of experience in consulting, Big 4 or Industry.
Must be either a CA, CIMA, CFA, ASA, CERA - Qualified or Finalist ( ACCA and CMA with proven track record and strong relevant experience and recommendation may also apply,
however minimum experience required is 8 years)
Ability to do complex financial modelling, valuation independently
Experience of working for Middle East (onshore or offshore) is preferred
Strong in English communication is a must
Knowledge of specialized sector including banking or insurance is a plus point
