Budgeting Manager
3 weeks ago
Financial Analyst is responsible toprepare the Budget for MC’s and JOPs in line withregulator requirement and communicate with budget revie team togenerate the report for regulator approval, The position liaisesdirectly with Auditors to complete the interim and annual Auditwithin agreed timeline the same will be submitted toregulator,
Financial Analyst required tocommunicate with the consultant / operation team to finalize therelate report for Budget, cost allocation, Reserve fund study andto reconcile the project data.
Monthly reports /reconciliation could be required to be performed as part of monthend / year end closing process Including the VATReport
The mainduties and responsibilities of thisrole:
- Compile andprepare budgets for Master Communities (MC’s) &Joint-Owned Properties (JOPs) within agreed timeframe.
- Analyse the budget in line with previousyear actual and discuss with the operational team In line withregulator Requirements.
- Review Budget / ProjectDatabase reconciliation and action on rectification inco-ordination with community team
- Communicatewith Budget review team to complete the Budget Review within agreedtime frame.
- Review the contract copies in orderto submit the supporting to Regulators.
- Reviewand improve reports circulated.
- Co-ordinatewith AR & AP team independent auditor to finalize the auditrequirement.
- Maintain the Record of AssetRegister and Reserve Fund study and co-ordination with communityinfrastructure team engineers for annual reserve fund servicecharge amount.
- Communicate with the Auditors tocomplete interim Audit and annual Audit within agreed timeframe.
- Maintain the Actual Vs Budget analysesrecord.
- Reports: Fund report, monthly MFR& cash flow report. Reconcile the same withTB.
Aboutyou:
The ideal candidate will havethe below qualifications andexperience:
- Bachelor of Commerce andalso preferred ACCA / CMA /CIMA
- 5 years withexperience in management accounting andAudit.
- excellent communication and negotiationskills, as well as an ability to workindependently.
- Strong computer skills includingproficiency with Microsoft Word, Excel,Outlook
- High work ethics, structured thinking& excellent organizational skills.
Desired candidate profile
FinancialAnalysis: Proficiency in analyzing financial data toassess performance and identify trends, variances, andopportunities forimprovement.
BudgetingExpertise: Strong skills in developing, monitoring,and managing budgets, including forecasting and varianceanalysis.
CostControl: Ability to implement cost control measuresand strategies to optimize spending and enhance financialefficiency.
DataManagement: Expertise in collecting, organizing, andinterpreting large datasets to support financialdecision-making.
Reporting:Skill in preparing detailed financial reports and presentations forstakeholders, highlighting key insights andrecommendations.
RegulatoryKnowledge: Understanding of financial regulationsand compliance requirements relevant to budgeting and financialreporting.
AnalyticalThinking: Strong analytical and critical thinkingskills to evaluate financial scenarios and assess potential impactson theorganization.
Attentionto Detail: High level of accuracy and attention todetail in financial analysis and reporting to avoid costlyerrors.
Communication:Excellent verbal and written communication skills to effectivelyconvey financial concepts to non-financialstakeholders.
SoftwareProficiency: Familiarity with financial software andtools, including ERP systems, spreadsheets, and data visualizationtools.
Collaboration:Ability to work collaboratively with various departments to gatherdata and align budgeting goals with organizationalobjectives.
Problem-Solving:Strong problem-solving skills to identify financial challenges anddevelop actionablesolutions.
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