Financial Analysis Manager
Madar Group
Total des années d'expérience :13 years, 1 Mois
- Analyzing audits of costs and preparing reports.
- Making estimates of new and proposed product costs providing management
with reports specifying and comparing factors affecting prices and profitability of
products or services.
- Maintaining Cost Accounting Systems.
- Assist managers in making critical decisions by translating cost data into
useful information.
- Determine costs for new products and contract proposals; adjustforecast
models, where necessary.
- Review all work orders to ensure accounting is accurate and issuesare
resolved quickly.
- Monitoring and reviewing the business operation tasks handled by the
operations team including billing, services contracts and maintaining the
correct data on the operational systems.
- Providing business related reports & conducting special studies which
contribute to decision making (cost & revenue analysis, new projects
feasibility studies, resources utilization & billing rates vs. cost rates).
- Work with program and project managers to develop the organization's budget
Analyze proposed plans and find alternatives if the projectedresults are
unsatisfactory.
- Responsible for directing budgeting, forecasting, pricing (standardcosts),
variance analysis, inventory, cost savings projects, and internal controls.
- Accumulate and apply overhead costs as required by generallyaccepted
accounting principles & Work with the materials review.
Budget Job Description:
- Preparing the appropriate templates to prepare the budget byall
concerned departments.
- Comply with the approved policy of budgeting regarding the deadlinesand the
management of the budgeting process.
- Receiving the budget estimates from all the departments of the organization
and critically examines them for correctness, accuracy and completeness; and
conformance with established procedures, regulations, and organizational
objectives
- Studying the previous budget and also taking into consideration the
benefits and losses occurred during the previous financial years, dueto
budget planning.
- Suggesting suitable amendments in the budget to the higher authorities and
managerial staff of the concerned department.
- Consolidating the data for budget presentation and also providingan
overview of the financial status of all the operations.
- Rendering financial advice to the management officials of different
operations, to undertake proper financial planning and decision making.
- Analyzing actual results to budgets and forecasts.
- Submitting budget reports to the higher management of theorganization for
further scrutiny and approval in accordance with the approvedpolicy.
- Monitoring the budget throughout the year.
- Preparing detailed reports pertaining to discrepancies and amendments that
occurred in the budget, during the entire financial year also forms an important
part of budget analyst job description. This is however done in coordination
with the concerned managers of the department or the company.
- Assisting in projecting future financial needs, taking into considerations the
various projects undertaken by the organizations and also help the higher
officials in management of financial resources.
- As an additional part of their job description, budget analysts sometimes are
also responsible for cost benefit analysis, studying financial requests and also
researching on alternative and reasonable funding methods for the organization.
- Preparing business plan for five years and making the necessaryupdate of the
plan according to any material changes in the business or the regulations which
may affect forecasts.
- Responsible for financial analysis in areas like Sales, Margin, Inventory,
Store space, etc. on periodical basis and prepare the analytical reportsfor
Management action.
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courses: Bachelor ofAccountancy Grade: Good