Manager Budgeting and Planning – Digital Cluster (UAE National)

Accounting & Finance
United Arab Emirates 🇦🇪
October 2, 2023

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Job Description

About the Role

This position is responsible for managing the preparation of the master budget, departmental financial plans and budgets and forecasts for the cluster and its subsidiaries. The incumbent is responsible for translating all business and subsidiary requirements into a master budget through well-defined guidelines and procedures, supported by set of assumptions guided by the organization’s existing policies and market trends whenever applicable with the approval of the board. He is also responsible for Management reporting and providing financial reports and analysis whenever requested by the CFO.

Key Responsibilities

Decision Support, Budgeting and Planning

  • Plan and recommend the proper framework of the business and subsidiaries budget, based on Key objectives, to enable the presentation of their budgets to the management.
  • Ensure the preparation and distribution of budget packages containing all financial information, including financial guidelines, to all Divisions and subsidiaries to assist them in the preparation of their financial budgets.
  • Provide professional assistance to the Units in translating their plans to corresponding budgets.
  • Ensure that proposed plans and budgets conform to the approved guidelines and assumptions.
  • Facilitate and prepare quarterly forecasts for the Cluster and its subsidiaries during the year with a comparison of Budgets versus forecasts.
  • Develop and maintain cost allocation keys for corporate cost allocation.
  • Develop and maintain cost center structures and ensure that costs are budgeted in the correct cost centers.
  • Perform other relevant functions in the finance department/section as assigned by the cluster CFO.
  • Develop and maintain budgetary control procedures at transactional level including approvals of CRs, Budget transfers, allocation, and enhancement as per the DOA.
  • Prepare and submit MIS reports with regards to Budgets and forecast on a regular or ad hoc basis, as is requested by the Cluster CFO.
  • Prepare the Cluster full budget summary for submission to the Senior management.

Support (Oracle & Hyperion)

  • Participates in the design, implementation, and solution of the ERP to support the budget process and control.
  • Maintains set-ups related to budget control and approval hierarchy for budget.
  • Updates the requirements for Hyperion related to budget assumptions and process.
  • Manages the full system integration of Hyperion and Oracle for budgets and forecasts.

Management Responsibilities

  • Develop department budgets in conjunction with the unit’s budget, track expenses and ensure adherence.
  • Finalize the manning needs of the department and obtain requisite approvals.
  • Manage the team under the Budgeting department by evaluating the performance of team members, providing feedback on an ongoing basis, identifying development needs, and coaching them to ensure ongoing capability development.

Skills

Required Qualification

  • Minimum 8 years of finance related experience, out of which at least 4 years of Budgeting and Planning.
  • CPA, CA, CMA, ACCA, or Master’s in finance is preferred.
  • Sound knowledge of the industry is preferred.
  • Written and spoken English and Arabic.

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