Senior Budget & Cost Control Specialist

Description Position at Al Jazeera Media Network
Summary:
The Senior Budget and Cost control Specialist will play a key role in planning, preparing & managing budgeting & cost control activities including budget & forecast preparation, monitoring & reporting and ensure efficient utilization of Divisional Budget.
12 months - Freelance Fixed Term contract 

Key Responsibilities:

• Assist the Section head in planning, analyzing, preparing, managing & monitoring Technology & Operations (TNO) Budget Globally.
• Develop templates for budget planning & monitoring activities.
• Oversee all budget related activities including but not limited to budget and forecast preparation, monitoring and budget reallocations.
• Manages the Demand Management Process to plan, review, validate & prioritize financial requirements with relevant stakeholders.
• Work with Directorates across the division to prepare and gather budget proposals, analyze and compile the Master Budget.
• Support the planning and controlling of the Global TNO OPEX and CAPEX budgets. Which will include developing annual budgets to support business plans.
• Work with stakeholders across division to plan, review, validate & prioritize financial requirements.
• Monitors periodic Cash-flow reports by analyzing actuals vs allocated, commitments & upcoming demands for planning & monitoring purposes.
• Monitor budgets based on authority levels & limits and taking necessary actions to control and reduce cost.
• Support month-end closing by ensuring that all expenses and provisions are booked to appropriate Accounts.
• Implementation, Monitoring and Control of Budgets through timely reporting and meeting with department managers & Directors.
• Preparation of variance analysis reports and investigating the reason for cost control purpose and to submit recommendations
• Monitors end-to-end divisional Sales (Revenue Generation) process & activities to ensure all revenues generated are recorded and reported properly.
• Liaises with relevant stakeholders, internal & external to ensure process requirements & guidelines are followed for revenue generation activities.
• Shares periodic revenue generation report with the Management.
• Works closely with business managers to maintain a focus on current and future financial needs to satisfy business growth
• Develop tools, dashboards, and key performance indicators to support strategic decision making.
• Support vendor negotiations and strategic partnership agreements.
• Review business cases and aid in the development of initiatives through bench marketing, market research etc.
• Provide key analytic and research support in the Division’s continuing reassessment of its development, optimization, investments, distribution strategies etc.
• Assist Build effective relationships with executives and team members throughout the company
• Designs and implements effective budgeting policies and procedures;
• Informs department managers of due dates for the submission of budget information;
• Acts as an advisor to department managers & directors in formulating their budget submissions;
• Reviews proposed budget submissions from department managers for accuracy and completeness;
• Examines whether budget submissions can be achieved based on known capacity constraints and informs management of potential problem areas;
• Creates a consolidated budget for management approval;
• Compares actual to budgeted results at the end of each reporting period, and reports on variances, and taking any appropriate action based on the analysis of the variances reports.

Key Requirements:

• Bachelor Or Diploma in Finance, Accounting, Business Management field or any related discipline
• Minimum 7 years of relevant professional experience
• Understanding of forecasting methods and data analysis
• Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles
• Working knowledge of short and long-term budgeting and forecasting, budgeting methods, and product-line profitability analysis
• Ability to analyse financial data and prepare financial reports, statements and projections; Working knowledge of short and long-term budgeting and forecasting, budgeting methods, and product-line profitability analysis
• Proven knowledge of MS Excel (specifically, advanced formulas, pivot tables and charts)
• Proficient in SAP MM (Procurement & finance Processes)