Job Title: Manager, Project & Budgeting
Location: Ras Al Khair, Eastern, Saudi Arabia
Job Purpose:
Manage the MWSPC budgeting activities. Formulate and present the annual and monthly revenues and expenses consolidated budget. Prepare and consolidate budget, forecasting and incurred to date and total project costs. Analyze the monthly and annual results 'actual Vs. budget' and coordinate with all concerned parties to justify major variations to evaluate the performance. Coordinate with Ma'aden Corporate to comply with the budget guidelines and provide assumptions to all related department to determine the project costs, annual plan and short-term strategy and profit target, and to provide direction and management of activities to financial control. Support financial decision making by establishing and monitoring schedules; consolidating data; assembling and analyzing historical financial data; identifying trends, establishing financial and accounting policies, procedures, reporting systems; collecting, interpreting, and reporting financial data to control the cost.
Key Accountabilities:
- Scrutinizes and analyses the operating budget proposals based upon budget estimates to ensure that they confirm with the corporate budget guidelines and financial procedures.
- Prepares detailed analysis of budget proposals for the purpose of formulating MWSPC management comments and recommendations to the MWSPC Board prior to endorsement of individual budget proposals.
- Prepares and compiles the corporation's operating or revenue budget by scrutinizing and analyzing companies financial and operational data.
- Preparing budget that includes all financial statements in time basis with actual financial statements disclosure standards.
- Monitor the actual financial results compared to established MWSPC and subsidiary budget targets and cost analysis of significant variances identifying and proposing key factors responsible for such aspects.
- Assist and participate in the preparation, compilation and presentation of MWSPC and subsidiaries monthly performance reports and key performance measures reports, and any other management information reports required.
- Participate and assist in the preparation of year-end consolidated accounting and the government accounts submitted to ministry of finance.
- Prepare information, graphics, statistics and illustrative tables necessary for the Ma'aden group budget presentation to the Ma'aden Board of Directors and budget committee.
- Direct the activities of assigned personnel under his supervision and exercise financial authorities at the level established by Management for the position.
- Provide advice and recommendations on the financial position of company while preparing budgets for the next fiscal year. Provide financial information and interpret the implications for business performance and funding needs.
Minimum Qualifications:
Bachelor's degree in finance/accounting and CIA, CPA, CFE, ACA or CIMA qualification is desirable.
Minimum Experience:
Min 10 years' experience in various aspects of costing and budgeting mainly in consolidation activities in a large organization.
Skills:
- Leadership
- Achievement Drive
- Communication
- Developing others
- Teamwork & collaboration
- Analytical thinking