JOB PURPOSE

 

To be responsible for initiating the budgeting process, consolidating and preparing the budgets for approval by senior management. The role holder will prepare the reports for budget analysis, cost analysis, management reporting and other analysis reports to support the business and support departments. 

 

Core Responsiblities

 

Budget Analysis

 

• Develop, review and revise the budgeting formats, processes, procedures and guidelines for various departments

• Initiate the budget process by communicating its timeline and related scope to Management.

• Consolidate all budget information into a master budget (Revenue, CapEx and OpEx) and submit for review and approval by the senior management and Board of Directors

• Structure budget assumptions based on pre-defined policies and procedures, and/or market trends, whenever applicable and incorporate the same into a template that will serve as a standard calculation sheet for operating expenditure budget

• Prepare the financial models to support feasibility studies and analyses of key expenditure accounts

• Maintain a financial database on budget and actual to allow timely comparison, validation and escalation as deemed required 

• Update status of the budget through a monthly variance report compared to actual

• Check for the accuracy and completeness of enhancements related to operating expenditure

 

Financial Management and Reporting

 

• Prepare the monthly financial report on Maqta’s financial position, divisions and units’ headcount and related expenses, revenue and capital expenditures. (consolidated from the projects report).

• Develop and maintain an appropriate mechanism for sharing data, to aid financial analysis and reporting and provide explanations for major variances affecting the budget

• Maintain a financial database that will allow ease in preparing Company reports to senior management such as Sources & Utilizations of Funds Reports amongst others. 

• Coordinate with The Financial Corporate Team and Business Partner to ensure compliance and alignment.

 

ERP (Oracle & Hyperion)

 

• Give feedbacks/inputs aimed to correct, enhance or further define system requirements

• Maintain the budget set-up and updates in the Oracle E-Business Suite

• Design and develop reporting packages through FSG function in the ERP

• Provide inputs to consultants for web form/template designs to capture and report on the budget, when required

• Maintain and control account and cost centre setups (addition, deletion and update)

• Perform other relevant functions in the finance department/section as assigned.

 

Educational and Technical Qualifications

 

• Bachelor’s Degree or equivalent in Accounting or Finance

• CPA, CMA, ACCA will be an added advantage

 

Language Skills: Written and Spoken English is essential, Arabic is preferred

 

Years of Experience: 3 -4 years of experience in MIS and ERP field

 

Nature of Experience: Experience in corporate finance/audit section of Big 4 firms would be an advantage