Budgeting Section Head

Job description

The budgeting section head is responsible for managing and overseeing the preparation and analysis of financial reports at both the consolidation and subsidiary levels. This role requires a strong focus on financial reporting, variance analysis, and ensuring the accuracy and completeness of financial data across the group.

Financial reporting and analysis:

• Prepare detailed month-over-month (MOM) analysis for both consolidation and subsidiary levels.
• Ensure consistency in budget preparation across subsidiaries and divisions, ensuring financial accuracy, strategic allocation of resources, and compliance with financial policies.
• Ensure that spending aligns with the organization's financial plans, constraints, and budgeted figures.
• Compare actual financial results with budgeted figures and provide insights.
• Update rolling forecasts on a monthly basis.
• Present financial reports and respond to questions regarding budget details from executive management and other stakeholders.
• Support initiatives aimed at improving financial processes and implementing changes to achieve efficiency and the company's objectives.
• Implement and support new financial reporting systems and tools, such as the Hyperion planning system.
• Follow up all HSE instructions.
• Coach, develop, motivate, monitor, and follow up on team members' performance, ensuring high productivity and skills development.
• Participate in the identification and recruitment of key talents for the reporting team.
• Lead, guide, and assist direct reports to perform their operations according to set policies and procedures.
• Set performance objectives, provide necessary support, evaluate and appraise the team, and provide regular feedback on performance.

Personal skills

• Excellent communication and interpersonal skills including time management skills.
• Strong analytical skills, strong work ethic, and detail oriented.
• Excellent report writing skills.
• Risk management experience.
• Advanced proficiency in Excel and Oracle.
• Ability to create and give presentations to executive management.
• Excellent problem-solving skills.
• Excellent command of English.

Technical skills

• B.Sc. in Accounting.
• CMA, MBA, or CPA is a plus.
• 7-9 years of experience in a relevant position is preferred.
• Knowledge and understanding of general financial, accounting (IAS), and business principles.

Education

B.Sc. in Accounting.