Budgeting & Reporting Manager

Job description / Role

The Budgeting & Reporting Manager is responsible for company's budgeting process and financial reporting activities. He/She will be responsible for developing and maintaining budgeting models, analyzing financial performance, and preparing accurate and timely reports for senior management and stakeholders.

Responsibilities:
• Lead the annual budgeting process, including coordinating budget preparation, consolidating financial forecasts, and presenting budget proposals to senior management.
• Develop and maintain budgeting models and tools to facilitate the budgeting and forecasting process, ensuring accuracy and alignment with business objectives.
• Monitor and analyze financial performance against budget and forecast, identifying variances and trends, and providing insights and recommendations to improve financial results.
• Prepare and distribute regular financial reports, including monthly, quarterly, and annual financial statements, budget vs. actual analyses, and key performance indicators (KPIs) reports.
• Collaborate with cross-functional teams to gather financial data, provide financial insights, and support decision-making processes.
• Ensure compliance with internal policies and external regulations in financial reporting and budgeting activities.
• Participate in financial audits and provide necessary documentation and support to auditors as needed.
• Lead processes and communications regularly working with department budget owners across the organization to monitor and revise budgets throughout the year
• Stay informed about industry trends, best practices, and regulatory changes related to budgeting, reporting, and financial analysis.
• Coordinates with various heads of finance and functional departments to ensure the implementation of the budgeting exercise.
• Provide management with regular reports on progress towards targets, flagging variations and performing initial checks on reasons for under/over achievement.
• Analyzes complex issues relating to the budget and financial operations.
• Overseeing the budgeting and forecasting of Raibal group performance for domestic and international businesses.
• Recommends policies and procedures for budgetary and accounting processes.
• Ensure that relevant reports are prepared and presented to management on time to enable them to monitor business performance closely and taking timely corrective actions.
• Overseeing analysis and deployment of the latest budgeting/ forecasting tools.
• Prepares final budget for approvals purpose and documentation both in soft and hard copies.
• Ensures budget is in compliance with policies and statutes in conjunction with the Finance Manager & CFO.
• Analyzes the budget during the year and reports on budget status and condition.
• Develop/enhance budgeting and forecasting techniques and maintain budgeting and forecasting standards for the domestic and international businesses.
• Prepares and presents budget amendments and other entries.
• Perform any other accounting related activities as deemed appropriate by the GCFO
• Work with the Finance team to streamline internal financial reports and reporting processes to deliver more efficient, more effective, and more useful reports and analysis.
• Provide training to staff on budget management processes and systems
• Ensure compliance with statutory and regulatory obligations, business protocols and standards
• Lead processes and communications regularly working with department budget owners across the organization to monitor and revise budgets throughout the year
• Improve systems and procedures and initiate corrective actions
• Analyzes complex issues relating to the budget and financial operations.

Requirements

• Minimum 8+ years of experience in a similar position
• Hands-on experience with using ERP System
• Budget Management
• Bachelor’s degree in accounting, Business Administration, Commerce, Finance
• Strong reporting and budgeting skills, including experience with excel and other financial modeling tools.
• Ability to prioritize multiple projects and deadlines.
• Building power point presentations
• Good knowledge of International Financial Reporting Standards
• Excellent Skills in Excel and PowerPoint
• Power BI Knowledge is added advantage

About the Company

A leading holding company in UAE.