MANAGER, BUDGETING REPORTING & ANANLYSIS
Posted date [24-Feb-2024]
(ID: 1644277)
Position :MANAGER, BUDGETING REPORTING & ANANLYSIS
Industry Type Mining / Forestry / Fishing
Functional Area Accounts / Tax / CS / Audit
Location of Job Riyadh - Saudi Arabia
Other Benefits :HOUSING, TRANSPORT, BONUSES
Job Description:
Supervises the Ma’aden Group Budgeting activities. Formulates and presents the Corporation’s annual and monthly Revenues and Expenses consolidated Budget. Preparing and consolidating the monthly and annual Trial Balances, Profit & Loss Accounts and Balance Sheets of Ma’aden group. Analyzing the Ma’aden group actual accounts to evaluate the performance. Providing analysis required for formulation of the Five Year Plan, Short-term strategy and Profit Target. Preparing, compiling and presenting the Management Information Reports / monthly Performance Reports / Key Performance Measures Reports. Setting-up information and updating of comprehensive computerized data base systems for both Budgets and Management Information and maintaining records for analysis purpose. Assists in detail investigations regarding cost improvement programs for Ma’aden. Budget Proposals and analysis : 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 Ma’aden Management comments and recommendations to the Ma’aden Board prior to endorsement of individual Budget proposals Operating Revenue : Prepares and compiles the Corporation’s Operating or Revenue Budget by scrutinizing and analyzing companies’ financial and operational data. Actual against previous budgets : Monitors the actual financial results compared to established Ma’aden and Subsidiary Budget targets and Cost analysis of significant variances identifying factors responsible for such aspects. Performance reports : Assists and participates in the preparation, compilation and presentation of Ma’aden and Subsidiary monthly Performance Reports and Key Performance Measures Reports and any other Management Information Reports required. Year end status results: Participates and assists in the preparation of year-end consolidation accounting and the government accounts submitted to Ministry of Finance. Information preparation : Prepares information, graphics, statistics and illustrative tables necessary for the Ma’aden Group Budget presentation to the Ma’aden Board of Directors and Budget Committee. Five year plan : Provides analysis and information required for the formulation of the Five Year Plan, Short-term strategy, Profit Target. Also, prepares Benchmark information and data for the major international same commodity Companies. Budget break down : Prepares the budget phasing break-down into monthly operating budget for Ma’aden and monitor the adherence of such monthly budget figures. Operating revenues :Assists and contributes in the preparation of Operating Revenues and Expenses for actual Year-End Accounts and supports the charge designation of actual expenses and revenue items. Data updates : Updates various information and financial data of the Corporation’s activities and maintains them in a manner to facilitate extracting salient data required for studies and assignments carried-out by the department. Liaison :Liaises with Subsidiary companies finance staff to obtain necessary supporting details for budgeting or reporting purposes and responds to queries from internal, external and government auditors regarding audit of Group Accounts/ reports/documents and any related issues of concern. JOB RELEVANT INFORMATION (BOUNDARIES & DECISION MAKING AUTHORITY): Determines work methods from several existing alternative methods according to established Finance policies/guidelines and professional standards. Completed work assignments are subject to review and direction by immediate supervisors.
Desired Candidate's Profile
Profile :SAUDI NATIONALS, BS IN ACCOUNTING, 6-10 YRS EXPERIENCE IN ACCOUTING AND BUDGETING IN REPUTED ORGANIZATIONS. ORACLE ACCOUNTING SYSTEMS.
Education Basic - Bachelor of Commerce ( Commerce )
Nationality Saudi Arabian
Industry Type Mining / Forestry / Fishing
Functional Area Accounts / Tax / CS / Audit
Location of Job Riyadh - Saudi Arabia
Other Benefits :HOUSING, TRANSPORT, BONUSES
Job Description:
Supervises the Ma’aden Group Budgeting activities. Formulates and presents the Corporation’s annual and monthly Revenues and Expenses consolidated Budget. Preparing and consolidating the monthly and annual Trial Balances, Profit & Loss Accounts and Balance Sheets of Ma’aden group. Analyzing the Ma’aden group actual accounts to evaluate the performance. Providing analysis required for formulation of the Five Year Plan, Short-term strategy and Profit Target. Preparing, compiling and presenting the Management Information Reports / monthly Performance Reports / Key Performance Measures Reports. Setting-up information and updating of comprehensive computerized data base systems for both Budgets and Management Information and maintaining records for analysis purpose. Assists in detail investigations regarding cost improvement programs for Ma’aden. Budget Proposals and analysis : 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 Ma’aden Management comments and recommendations to the Ma’aden Board prior to endorsement of individual Budget proposals Operating Revenue : Prepares and compiles the Corporation’s Operating or Revenue Budget by scrutinizing and analyzing companies’ financial and operational data. Actual against previous budgets : Monitors the actual financial results compared to established Ma’aden and Subsidiary Budget targets and Cost analysis of significant variances identifying factors responsible for such aspects. Performance reports : Assists and participates in the preparation, compilation and presentation of Ma’aden and Subsidiary monthly Performance Reports and Key Performance Measures Reports and any other Management Information Reports required. Year end status results: Participates and assists in the preparation of year-end consolidation accounting and the government accounts submitted to Ministry of Finance. Information preparation : Prepares information, graphics, statistics and illustrative tables necessary for the Ma’aden Group Budget presentation to the Ma’aden Board of Directors and Budget Committee. Five year plan : Provides analysis and information required for the formulation of the Five Year Plan, Short-term strategy, Profit Target. Also, prepares Benchmark information and data for the major international same commodity Companies. Budget break down : Prepares the budget phasing break-down into monthly operating budget for Ma’aden and monitor the adherence of such monthly budget figures. Operating revenues :Assists and contributes in the preparation of Operating Revenues and Expenses for actual Year-End Accounts and supports the charge designation of actual expenses and revenue items. Data updates : Updates various information and financial data of the Corporation’s activities and maintains them in a manner to facilitate extracting salient data required for studies and assignments carried-out by the department. Liaison :Liaises with Subsidiary companies finance staff to obtain necessary supporting details for budgeting or reporting purposes and responds to queries from internal, external and government auditors regarding audit of Group Accounts/ reports/documents and any related issues of concern. JOB RELEVANT INFORMATION (BOUNDARIES & DECISION MAKING AUTHORITY): Determines work methods from several existing alternative methods according to established Finance policies/guidelines and professional standards. Completed work assignments are subject to review and direction by immediate supervisors.
Desired Candidate's Profile
Profile :SAUDI NATIONALS, BS IN ACCOUNTING, 6-10 YRS EXPERIENCE IN ACCOUTING AND BUDGETING IN REPUTED ORGANIZATIONS. ORACLE ACCOUNTING SYSTEMS.
Education Basic - Bachelor of Commerce ( Commerce )
Nationality Saudi Arabian
