Financial Planning and Budgeting Manager
Al Amal Al Sharif for Plastic Pipes ( Al – Sharif )
Total years of experience :11 years, 7 Months
Industry: Manufacturing.
Company Size: 1000-1700 employees
Job Responsibilities and Details
•Working closely with the leadership team to formulate the business's medium to long-term financial and strategic plan
•Work with Business Unit heads to build their annual budgets and forecasts
•Producing models to project long-term growth and determine the impacting business factors
•Analysing financial and operational results to understand company performance better
•Communicate to senior management the reasons behind the product/department performance and results
•Provide detailed analysis and commentary on cost center results
•Preparing business cases to support new investment, strategic and other business decisions
•Evaluating previous budgets, and expenditures to develop and implement future budgets
•Communicating results and recommendations to senior management for improvements that will lead to cost reduction, revenue generation, and streamlining of operations
•Provide insights to senior management around financial modeling, forecasts, and profitability
Future Media and Telecommunications Group
Al Watan Newspaper
Industry: Printing and Publishing.
Company Size: 101-500 employees
Job Responsibilities and Details:
•Collating, preparing, and interpreting reports, budgets, accounts, comments, and financial statements
•Undertaking strategic analysis and assisting with strategic planning
•Producing long-term business plans
•Undertaking research into pricing, competitors, and factors affecting performance
•Controlling income, cash flow, and expenditure
•Managing budgets
•Developing and managing financial systems/models
•Carrying out business modeling and risk assessments
•Supervising staff
•Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory, and labor.
•Analyzing changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on cost.
•Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs.
•Making estimates of new and proposed product costs
•Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
•Assist in making critical decisions by translating cost data into useful information.
•Analyze proposed plans and find alternatives if the projected results are unsatisfactory.
•Responsible for directing budgeting, forecasting, pricing (standard costs), variance analysis, inventory, and cost savings projects.
Future Media and Telecommunications Group
Al Watan Newspaper
Industry: Printing and Publishing.
Company Size: 101-500 employees
Job Responsibilities and Details:
•Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory, and labor.
•Analyzing changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on cost.
•Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs.
•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; adjust forecast models, where necessary.
•Provide support during the annual audit process by working with the auditors to answer queries and provide analysis as required on time.
•Gathers assembles, and formats data and prepares preliminary analysis for budget preparation; assists in preparation and presentation of preliminary and final budget documents; prepares budget presentation materials; maintains data and systems for budget tracking and reporting and generates reports; assists section/division with issues related to funds availability, prepares and participates in the preparation of the annual budget, including analysis and estimates of expenditures; analysis and projections of revenue; review of intra-department requests and sub-budgets.
•Work with program and project managers to develop the organization's budget
•Review managers' budget proposals for completeness, accuracy, and compliance with laws and other regulations
•Combine all the program and department budgets into a consolidated organizational budget and review all budgeting data.
•Preparing annual financial plan (budget) beginning of the fiscal year and Quarterly budget updates in conjunction with the different departments’ managers.