Manager Budgeting & Reporting

Job Title:

Manager Budgeting & Reporting Finance

Section:

Finance & Accounts

Reporting to:

Head Finance & Accounts

Function:

Finance & Accounts

Department:

Finance & Accounts

Role Objective:

To oversee the day-to-day activities of the finance team and ensures the companies finance function is organized, efficient and produces accurate financial and management reports

To monitor and direct all budgeting activities for Raiya; set up and execute financial control by defining the delegation of authority limits and approval mechanism for all revenue and expense; monitor corporate profitability and that of each business unit on a periodic basis

Key Responsibilities & Accountabilities:

Strategic

1. Develop robust financial budget, forecasting and planning tools and models

Operational

1. Direct and coordinate all budgeting activities based on business plan for revenue, cash-flows, expense trends (cost of sales, wages, motors and equipments, depreciation, finance cost) and other analysis (sales/ cost of sales ratio etc.) in Nasser Sports
2. Assist Head of Finance & Accounts (CFO) to establish and implement short and long range departmental goals , objectives, policies , and procedures
3. Execute the business plan, budgets, asset and liability reconciliation, working capital, forecasts and cash control aligned with the business strategy
4. Lead all financial reporting of the company including financial and management reporting and forecasting
5. Lead and participate in the monthly accounting close ensuring timeliness, accuracy, completeness and compliance with corporate policy
6. Ensure completion of the Work Program & Budget (WP&B) process and production of management and financial reports
7. Coordinate the sourcing of inputs and requirements from other Departments for periodic reporting purposes
8. Develop systems and procedures to ensure the efficient and effective management of the company's finances
9. Complies with legal and regulatory requirements by studying existing and new legislation; anticipating future legislation; enforcing adherence to requirements; filing financial reports; advising management on needed actions
10. Consolidate the annual budgets and forecasts for all business units, including projects under development
11. Provide assistance by communicating effectively the approved and agreed budgets with all concerned Department and business units
12. Analyze and interpret financial data and recommend changes to improve systems and financial performance
13. Monitor and analyze monthly operating results against budget and report any variances to the management
14. Ensure company accounting procedures conform to generally accepted accounting principles
15. Manage the preparation of the Raiya annual report and preparation of financial outlooks and financial forecasts
16. Oversee daily operations of the Finance department and work with department managers and staff to develop short and long-term business plans for Raiya
17. Lead the preparation of the profit and loss statements and monthly closing and cost accounting reports
18. Present financial information to senior management and/or Board of Directors
19. Oversee financial management of county operations to include developing financial and budget policies and procedures
20. Assist in implementation of new tools and techniques to improve budget and reporting process and system in order to increase efficiency and productivity.
21. Monitor all capital expenditures, such as equipment purchase, acquisition of land, strategic projects etc.
22. Review periodic reports (prepared by MIS- Revenues and Profitability report, Capex and Opex report, Debtor ageing reports, Reports on inventory and stock reconciliation, Report on Costing (cost of trading good, product) and margin analysis etc.,) for monitoring variance against budgets and targets, ask for clarifications, and initiate corrective actions
23. Recommend changes that will improve the company's financial performance and financial controls
24. Perform other duties as requested by Management.

People

1. Guide the staff in executing their respective responsibilities towards the achievement of the Departments goals and objectives as well as those of Raiya
2. Establish the performance plans for direct subordinates; guide them in establishing performance plans for their respective subordinates
3. Participate in the identification of training and development initiatives for all employees within the Department
4. Drive the engagement and satisfaction of all employees within the Department through holding periodic meetings to discuss the achievements and address any employee issues and/or concerns.

Key Interactions and Relationships:

Internal

1. Board of Directors
2. Head of Finance and Accounts
3. CEO and Executive Management

External

1. Suppliers
2. Banks
3. External Auditors and statutory bodies

Competencies (Knowledge, Skills and Abilities):

Competencies

1. Problem Solving

2. Achievement Orientation

3. Teamwork

4. Communication Skills

5. Execution Excellence

6. Negotiation and Influence

7. Innovation and Creativity

8. Customer Orientation

Other Skills required:

Attention to detail,

Logical decision making

Regulatory and Compliance knowledge

Teamwork

System skills required:

MS Office suite

Microsoft Dynamics Suite

Accounting software

Education & Qualifications:

Experience:

1. Bachelors Degree in Finance/Accounting;
2. ACA/ACCA/CIMA (or equivalent is preferred)
3. A minimum 6 10 years of relevant experience within the financial field;
4. Including 1-2 years experience of managing a small accounting team