Financial Reporting and Budgeting Manager

4 weeks ago


dubai, United Arab Emirates ABYAT Full time
Financial Reporting and Budgeting Manager - KuwaitWe are looking for a candidate who is willing to relocate and be based in Kuwait.Job Summary:As a Financial Reporting and Budgeting Manager, you will hold a leadership role responsible for overseeing and leading the financial controllers' team. Your primary responsibilities include validating, verifying, and consolidating annual operating budgets to ensure alignment with the organization's strategic objectives. You will play a pivotal role in continuous cost optimization initiatives, monthly controlling reports, and the maintenance and development of the company's financial model. Internal controls, budget change request processes, and cash flow monitoring will be under your purview.Key Responsibilities:Design and Implement Budget Models:Develop and implement advanced budget models for various departments and the entire organization.Ensure that these budget models align with the organization's strategic objectives and financial goals.Financial Analysis and Interpretation:Conduct in-depth financial analysis, including assessing revenues, expenditures, and cash management.Analyze financial data to ensure that all operations are within budget and identify potential areas for cost savings.Budget Presentation to Senior Executives:Prepare and present annual budgets to senior executives and stakeholders.Clearly communicate the financial strategies and objectives outlined in the budget, addressing any inquiries or concerns.Budget Review and Approval:Review and approve budget requests from various departments.Provide expert financial guidance and recommendations to ensure budgets are realistic and align with organizational goals.Forecasting and Financial Planning:Anticipate and forecast future budget needs, proactively addressing potential financial challenges and proposing solutions.Ensure that the organization is well-prepared for its financial obligations.Cost Optimization and Profitability:Identify areas for cost-saving measures that optimize profitability without compromising quality.Suggest spending improvements and strategies to increase overall profits and financial efficiency.Legal Budget Compliance:Ensure that the organization's budget is compliant with all relevant legal and regulatory requirements.Mitigate any legal risks related to budgetary decisions.Timely Budget Submissions:Collaborate closely with department heads to meet stringent budget submission deadlines.Ensure that all departments adhere to the budgeting process schedule.Cutting-Edge Budgeting Policies:Develop and implement innovative budgeting policies and procedures that enhance financial control and transparency.Continuously improve the organization's budgeting practices and processes.Education & Experience:Willing to relocate and be based in Kuwait.Proven experience as a Financial controller in a sizable organization with a substantial annual turnover, with over 7 years of experience.Bachelor's degree in Accounting or related field, with advanced degrees such as MBA highly preferred.Professional certifications like CMA (Certified Management Accountant) or equivalent.Profound knowledge of Management Accounting and a strong track record in the Retail industry.Extensive experience with ERP systems, with SAP expertise as a prerequisite.Exceptional skills in Excel, PowerPoint, and data analytics.Outstanding report writing, analytical, presentation, coaching, and communication skills.Unwavering integrity, dependability, a strong sense of urgency, and a results-oriented mindset.
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