Budgeting & Reporting Specialist

Tawteen

Participate in preparation/review of Budgets, Forecasts, Price Control & 5 years Business Plan with complete accuracy and within agreed time frame.

Assist department Coordinate and support the preparation of the annual budget and periodic forecasts in alignment with corporate strategy.

Consolidate inputs from various departments and ensure completeness, accuracy, and consistency.

Review budget submissions and challenge assumptions to ensure realistic and achievable targets.

Monitor actual performance against budget and identify variances with root cause analysis.

Support the development of long-term business plans (5-10 years)

Assist in establishing cost control measures and tracking cost efficiency initiatives.

Analyze pricing structures (where applicable) and assess impact on profitability and cost recovery.

Ensure compliance with internal policies and regulatory requirements related to budgeting. s in data preparation and compilation. Analyze and finalize the data received from departments for preparation of Budgets, Price Control and Business Plan.

Follow-up queries related to variance analysis of actual v/s budget.

Formulate explanatory statements and reports to be forwarded to Board as part of Budget approval pack to ensure those are in the best interest of the organization.

Regularly review operating/capital budgets to analyze trends affecting budget needs.

Responsible for preparation/review and analysis of monthly, quarterly and annual Management Accounts and Business Performance report with accuracy and within agreed timeframe.

Prepare reports based on need / requirement to compare budget and actual costs.

Assist in examine and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.

Provide assistance and coordinate for year-end closing of accounts and preparation of Financial Statements. Analyze monthly/quarterly budgets and perform variance analysis for Budget v/s Actual to maintain controls to ensure efficient functioning of the company.

Develop and maintain financial models to support scenario analysis and business decisions.

Conduct sensitivity analysis on key financial drivers (e.g., revenue, costs, demand assumptions).

Evaluate financial implications of strategic initiatives, investments, and projects.

Support management with what-if analysis for different business scenarios.

Provide insights into risks and opportunities based on financial projections.

Develop and maintain corporate scorecards and KPIs dashboards.

Track and report performance against KPIs (financial and operational).

Coordinate with business units to validate KPI data and ensure accuracy.

Highlight deviations and support corrective action plans.

Support alignment of KPIs with strategic objectives.

Maintain and enhance budgeting and reporting tools (e.g., Excel models, ERP systems, BI tools).

Ensure data integrity, consistency, and proper documentation of assumptions.

Automate reporting processes where possible to improve efficiency.

Support implementation of new financial systems or reporting enhancements.

Liaise with different departments to gather financial inputs and provide guidance.

Act as a business partner to support decision-making with financial insights.

Provide ad-hoc analysis and reports as requested by management.

Support internal and external audit requirements related to budgeting and reporting.

Identify opportunities to improve budgeting, forecasting, and reporting processes.

Drive standardization and best practices across financial planning activities.

Contribute to automation and digital transformation initiatives within finance.

Prepare and coordinate submission of financial data to regulatory and government entities in collaboration with relevant finance stakeholders.

Support team capability development by sharing knowledge and providing coaching where applicable.

Perform ad-hoc tasks aligned with departmental KPIs as assigned by management.

Support the implementation and effective use of budgeting and reporting systems (e.g., Oracle/Hyperion), including providing user training and guidance.

Knowledge and Understanding of Asset Management ,HSE Management System and IT Security Standard Requirements according to ISO55001, ISO 14001, OHSAS 18001 and ISO 27001 to carry out the assigned duties as per the roles and responsibilities matrix.