Budgeting & Reporting Manager

Saudi Downtown Company

Accountabilities:

Budgeting & Planning

Draft and modify the organization budget process including guidelines, templates, calendar and timelines in order to ensure the alignment with the organization s financial budget and strategies.

Develop a comprehensive organization-wide forecasting framework using several input data including past performance, strategies and transformational plans as well macro-economic trends in addition to internal input from all relevant department in order to communicate it to senior management to determine profitability and accuracy of meeting set targets.

Plan the distribution of profits and trade-off between sources of funds according to the profit and cost criteria.

Analyze and prepare monthly reports about trends of key revenue and expense drivers and recommend opportunities to enhance accuracy of forecast and budget driver logic and tools.

Manage the budgeting process across the organization and oversee all activities are handled in a timely and consistent manner including budget collection from departments, challenging solicitated budgets and reconciliation at the organizational level to ensure timely budgeting processes across.

create consolidation budgets and business plans into a master document for endorsement and final approval by the Board.

Monitor financial performance versus the budget on monthly and quarterly basis so that the business is aware of anticipated costs/revenues and areas of unsatisfactory performance, deviation and overruns are clearly identified in order to rectify promptly and capitalize upon performance improvement opportunities.

Develop budget re forecast analysis on a periodic basis and advise on corrective measures to meet annual budget.

Manage the budget change request processes (increase, transfer etc.) and ensure to take corrective action in line with internal authority matrix.

Manage the production of various periodical reports as required, such as budget monitoring reports, variation analysis, re forecast, root causes and mitigation actions.

Ensure that all departmental reports and statements are accurate, completed timely and comply with local and international principles of governance.

Job Requirements:

• Bachelor s degree in Business Administration, Finance, or any other related field.
• Knowledge in Microsoft office especially excel is preferred
• 8-12 years of relevant experience in Finance with at least 2 years in positions of progressively increasing managerial responsibilities.
• Experience in Hyperion is preferred