Financial Reporting Manager

7 days ago


Abu Dhabi, Abu Dhabi, United Arab Emirates Aventus Full time
Job Description

Job summary:

To manage the organisations operational (OPEX) and capital expenditure (CAPEX) budgeting and forecasting processes. Ensure financial stability and strategic planning through accurate budget preparation, financial forecasting, and insightful analysis.

Key Responsibilities:

- Develop and prepare annual budgets for the organisation, aligning financial resources with strategic objectives and operational plans
- Collaborate with department heads to gather budget inputs, set financial targets, and ensure alignment with strategic objectives
- Develop and implement budget templates and guidelines to streamline the budgeting process
- Conduct regular financial forecasting and analysis for Opex and Capex to provide insights into the organisation&aposs financial performance
- Monitor actual performance against forecasts and budgets, identifying variances and providing actionable insights
- Update forecasts based on changing business conditions, new information, or strategic shifts
- Monitor Opex and Capex budget performance against targets and provide regular reports to senior management
- Identify and address budget variances, ensuring effective cost control measures are in place for both operational and capital expenses
- Conduct budget revisions and adjustments, accommodating changes in business conditions, strategic priorities, or unforeseen expenses
- Provide recommendations on the allocation of the budget between capital expenditures (CAPEX) and operational expenditures (OPEX)
- Provide recommendations on budgetary control and financial decision-making based on operational analysis and economic trends
- Collaborate with other teams to gather and analyse financial data for budgeting purposes
- Ensure compliance with budgeting policies, procedures, and regulatory requirements

Policy, Procedures, Process and Systems:

- Follow the operational strategy in compliance with group delegation of authority policy
- Ensure the compliance of organisations policy, systems, processes, procedures, and controls in line with group delegation of authority policy so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service in a consistent manner

Reporting:

- Ensure that all reports are completed timely and comply with the business and organisations policies and standards
- Manage the preparation of periodical management reports and progress reports to keep the business senior management informed about the progress of various initiatives and to facilitate decision-making

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