Gathering budget proposals from departments and compilation of Master Budget. Implementation, Monitoring, and Control of Budgets through timely reporting and meeting with departmental heads Preparation of variance analysis reports and investigating the reason for cost control purpose and to make recommendations Other reporting requirements as advised from time to time. Designing effective budget models for departments and the entire company Analyzing financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget Presenting annual budgets to senior managers Design effective budget models for departments and the entire company Analyze financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget Present annual budgets to senior managers Review budget requests for approval Forecast future budget needs Identify variances between actual and budgeted financial results at the end of each reporting period Review the company’s budget for compliance with legal regulations Ensure department managers meet budget submission deadlines Design and implement effective budgeting policies and procedures Review, analysis, and comments for monthly management reporting pack and Financials Preparation of rolling financial forecast its analysis with budget, actual and prior periods. Preparation of annual budgets and monthly cost center wise analysis and reporting of variances. Managing budgets based on authority levels and limits and taking necessary actions to control and reduce cost. Support month-end closing by ensuring that all expenses and provisions are booked to appropriate Accounts. Preparation of monthly Management Accounts and performance measurement reports.
Proven work experience as a Budget Manager or Budget Analyst Hands-on experience with accounting software and statistical packages Knowledge of MS Excel (specifically, advanced formulas, pivot tables, and charts) Familiarity with forecasting methods and data analysis Excellent numeracy skills with an attention to detail Strong analytical skills Knowledge of accounting best practices and regulations Ability to explain budgeting and financial information in plain terms BSc degree in Accounting, Finance or relevant field, recommended CMA holder. 10 – 15 years’ experience in budgeting out of which 3-5 years in a senior position. English: very good