Head of Planning & Budgeting

22 يونيو، 2023

0 0 2 دقائق

The holder of this position is responsible for budget preparation, analyzing financial data, and preparing estimates for various departments and projects. It involves monitoring budget reports, identifying deviations, and taking corrective actions. Additionally, it includes analyzing performance, liquidity, and financial ratios, as well as preparing financial reports for audits.

Duties & Responsibilities:

Preparation of the unified budget for the company at designated times, including monitoring, auditing, and approval, in addition to preparing all related studies and reports.
Contribution to the preparation, and analysis of financial data for previous periods to be used in preparing the estimated budget for the company.
Contribution to the preparation of estimated budgets for the company's departments and divisions, including identifying the operational costs associated with each of them, in coordination with relevant department and division heads.
Preparation of estimated budgets for projects and new products, including cost determination, in coordination with relevant departments and divisions.
Reviewing monthly estimated budget reports for the company and its various departments, comparing them with actual results to identify any deviations, and taking necessary corrective actions to address them and prevent their recurrence.
Preparation of performance reports for the company, analyzing overall patterns, providing observations on actual performance, and identifying any changes or deviations from the annual plan and potential risks or areas that need to be addressed.
Preparation of studies and analyses related to liquidity status, cash flows, and calculation of liquidity-related financial ratios, reviewing their results, and providing relevant recommendations.
Conducting analytical studies related to specific financial decisions, to predict their impact on the company's budgets and financial position, and providing proposals and recommendations based on that.
Preparation of annual and quarterly financial reports, as well as reports and documents required for internal and external audits, based on approved systems and policies.
Participation in the development and modification of financial management systems in the company, with a focus on facilitating the decision-making process related to budgeting and planning and staying updated on the latest practices.

Requirements: