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    Closed or Expired Job Posting This job posting is closed or has expired and is no longer open for applications.

    Job Description

    • Preparing the appropriate templates to prepare the budget by all concerned BU’s.
    • Prepare & Comply with the approved policy of budgeting regarding the deadlines and the management of the budgeting process.
    • Receiving the budget estimates from all the BU’s and critically examines them for correctness, accuracy and completeness; and conformance with established procedures, regulations, and organizational objectives.
    • Studying the previous budgets and also taking into consideration the benefits and losses occurred during the previous financial years, due to budget planning.
    • Suggesting suitable amendments in the budget to the executive management of the concerned BU’s.
    • Consolidating the data for budget presentation and also providing an overview of the financial status of all the operations.
    • Rendering financial advice to the senior management, to undertake proper financial planning and decision making.
    • Analyzing actual results to budgets and forecasts.
    • Submitting budget reports to the management for further scrutiny and approval in accordance with the approved policy.
    • Monitoring the budget throughout the year.
    • Assisting in projecting future financial needs, taking into considerations the various projects undertaken by the company and also assist the senior management of managing the available financial resources.
    • Responsible for cost and benefit analysis, studying financial requests and also researching on alternative and reasonable funding methods for the company.
    • Preparing 5 years business plan and making the necessary update of the plan according to any significant changes in the business or the regulations which may affect forecasts.
    • Responsible for financial analysis in areas like Sales, Margin, Inventory, Store Space, etc on periodical basis and prepare the analytical reports for the BU’s management action.
    • Performance Measures, KPI, GRM calculations on monthly basis
    • Performs ad hoc requests from the CFO.
    • Analyses figures/statistics to make projections and recommendations.
    • Assists in preparation of monthly and annual Financial Statements.
    • Provide detailed monthly operating results and analysis of cost per cost centre and cost type, analyzing main variances with latest revision, budget and previous year.
    • Anticipate financial problems and recommend action plans for budget control.
    • Assist the BU Finance Directors in the implementation of Sector internal control procedures in order to verify the integrity of all financial information, ensure and maintain historical records.
    • To produce financial analysis, Dept. /KPI’s ratio / equity / ROI / Cash flow / and overhead allocation analysis.
    • To insure compliance with IFRS while formalization of the company annual budget.
    • Create a standardize calendar of financial and business performance reporting that incorporates operational budgets. Rolling estimates forecasts and monthly actual financials.
    • Update all spent OPEX / CAPEX expenditures with the budgeted numbers and conduct variance analysis and report them to the management after discussing these variances with functional BU’s.
    • Prepare and report Price / Quantity variance Actual vs. Budget for all periods and provide recommendations where feasible.
    • Prepare budget product costing as per recipe of each product where possible.
    • Anticipate business risks that can affect the final result of the budgeted income statement / cash flow by performing business sensitivity analysis-Breakeven point calculation indicating all risks and ways of mitigating them.
    • Perform any task requested by the BU’s management towards achieving the company business objectives in the finance department.

    Skills

    • Preparing the appropriate templates to prepare the budget by all concerned BU’s.
    • Prepare & Comply with the approved policy of budgeting regarding the deadlines and the management of the budgeting process.
    • Receiving the budget estimates from all the BU’s and critically examines them for correctness, accuracy and completeness; and conformance with established procedures, regulations, and organizational objectives.
    • Studying the previous budgets and also taking into consideration the benefits and losses occurred during the previous financial years, due to budget planning.
    • Suggesting suitable amendments in the budget to the executive management of the concerned BU’s.
    • Consolidating the data for budget presentation and also providing an overview of the financial status of all the operations.
    • Rendering financial advice to the senior management, to undertake proper financial planning and decision making.
    • Analyzing actual results to budgets and forecasts.
    • Submitting budget reports to the management for further scrutiny and approval in accordance with the approved policy.
    • Monitoring the budget throughout the year.
    • Assisting in projecting future financial needs, taking into considerations the various projects undertaken by the company and also assist the senior management of managing the available financial resources.

    Job Details

    Job Location:
    Jeddah, Saudi Arabia
    Company Industry:
    Construction/Civil Engineering
    Company Type:
    Employer (Private Sector)
    Job Role:
    Purchasing/Procurement
    Joining Date:
    Unspecified
    Employment Status:
    Unspecified
    Employment Type:
    Unspecified
    Monthly Salary Range:
    Unspecified
    Manages Others:
    Unspecified
    Number of Vacancies:
    1

    Preferred Candidate

    Career Level:
    Mid Career
    Years of Experience:
    Unspecified
    Residence Location:
    Unspecified
    Gender:
    Unspecified
    Degree:
    Unspecified