Budgeting and Forecasting Manager
4 days ago
We are seeking a highly skilled Budgeting and Forecasting Manager to join our team at Topaz Energy and Marine Limited.
The successful candidate will be responsible for performing budgeting, forecasting, and analytical processes that support the organization's financial health and business strategy.
Main Responsibilities:
- Prepare comprehensive budgets and forecasts by collecting data from various teams and departments.
- Conduct detailed analysis of profit and loss statements, sales margins, and overheads.
- Provide ad-hoc analytical reports to stakeholders as required.
- Carry out cost-benefit analysis by collating reports from the system and cost accountants.
- Conduct product-wise net profit analysis to inform management decisions.
- Prepare monthly, quarterly, and yearly MIS reports by reviewing financial reports.
- Perform detailed analysis of inventory levels by obtaining figures from stock movement reports, stock adjustments, near expiry reports, and FOCs.
- Assist the Finance Manager in creating financial models to project long-term growth and business plans.
- Compare and evaluate previous budgets and forecasts, perform variance analysis to explain performance differences and make improvements.
- Supervise, evaluate, and guide team performance through regular performance reviews and feedback sessions.
Required Skills and Qualifications:
- Bachelor of Commerce is a must; CA or MBA is a plus.
- 5-8 years of relevant experience in a similar role.
- Proven track record of successfully managing similar-sized organizations.
- Relevant industry experience and knowledge of the target market is a plus.
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