Job closed
Ref: HP576-143
Job description / Role
The budget analyst position is accountable for preparing the annual budget, comparing it to actual results, and reporting on variances from the budget.
Key Responsibilities:
- Inform division/department managers of due dates for the submission of budget information
- Act as an advisor to division/department managers in formulating their budget submissions
- Review proposed budget submissions from division/department managers for accuracy and completeness
- Examine whether budget submissions can be achieved based on known capacity constraints and inform management of potential problem areas
- Propose enhancements to the budget model
- Examine capital budget requests and issue recommendations to the approval committee
- Coordinate capital budgeting approvals
- Review the budget model for calculation errors
- Create a consolidated budget version for management approval
- Propagate the approved budget throughout the organization and explain issues as requested
- Compare actual to budgeted results at the end of each reporting period, and report on significant variances
- Update the budget model as requested to account for significant changes in the business environment
- Maintain the budgeting policies and procedures manual
Requirements
- MBA Finance/Bachelors 1st Class Accounting or Finance preferred.
- Min 5 years relevant and similar capacity in GCC/Saudi industry preferably in diversified group.
- Knowledge in the use of SAP software for budgeting is Preferred.
- Exceptional electronic spreadsheet construction skills and a working knowledge of statistics.
- Demonstrate strong interpersonal, communication and presentation skills
- Strong analytical and problem solving skills and meticulous
- Possess good industry background and technical writing ability and skills.
- Mature, proactive, resourceful and hands-on with good initiative.
- Independent worker who is able to work well with minimal supervision.
- Fast worker with ability to work well under stress.
- Nationality Philippine preferred.
- Work Location: Dammam, Saudi Arabia
About the Company
AL-Yamama was established as a trading and contracting firm in the year 1372H (1952G) and has executed hundreds of projects since then in the fields of construction, O&M, Roads, Landscaping ...etc.
With the view to diversify company activities and make it broad based, AL-Yamama has established specialized divisions for Power, Desalination, Railways ...etc. and has allied with reputable companies in these fields and Participated in relative consortiums.