Budget and Cost Analyst
AlYemni Group - مجموعة اليمني
Total years of experience :10 years, 11 Months
Perform activities in support of completion of the budgeting process and preparation of the annual budget.
• Prepare monthly variance reports highlighting areas of concern for management consideration and action.
• Maintain the cost and management accounts and prepare/generate reports for cost control and management decision making purposes., and formats data and prepares preliminary analysis for budget preparation;
• Assist the Head of Financial Reporting in developing the departmental strategies and plans and ensure execution of the same.
• Develop the process / documentations / templates / forms / instructions for initiating the data collection to develop the operating budget for the company.
• Work closely with the department heads ensuring clear understanding of the data collection process to ensure accuracy of details and information.
• Assist superiors in the achievement of objectives of corporate budgeting process by ensuring timely completion of all activities, following up, collating and developing the draft annual budget.
• Consolidate the departments budgets and develop a draft budget for the company in conjunction with the line managers.
• Review monthly financial statements to establish expenditure against budget for analysis of variance. Provide reports to superior to ensure accurate and timely monitoring and control of expenditures.
• Prepare reports on a monthly basis comparing actual performance against budget; follow up and report on variances for
management attention.
• Act as first point of contact for providing assistance to department heads and budget coordinators regarding all aspects of
budget planning process and implementation and escalates issues beyond own capability for superior's attention.
• Consult with managers to ensure that budget adjustments are made in accordance with program changes.
• Assist the Head of Financial reporting in developing reports and variance analysis for the management as and when requested.
• Conduct forecast profitability analysis on quarterly basis and ensures they are in line with the company budgets and highlight
any deviation from the same.
• Responsible for the accurate collection, analysis and reporting of performance data in conjunction with senior managers and team leaders.
• Provide service areas with Business Intelligence and data analysis to support management decision making and service improvement.
• Prepare and present reports to meetings.
• Support the development and maintenance of the corporate performance plus for reporting and data analysis purposes.
• Support the annual review of performance indicators and target setting and agree collection methodologies with services.
• Assist managers and team leaders to undertake service improvements through the provision of data analysis and business intelligence
1. Gathers, assembles, and formats data and prepares preliminary analysis for budget preparation;
2. Maintains data and systems for budget tracking and reporting and generates reports;
3. Assists section/division with issues related to funds availability, fund transfers and budget compliance;
4. Prepares and participates in the preparation of the annual operating plan and budget, including analysis and estimates of expenditures; analysis and projections of revenue;
5. Reviews of intra-department requests and sub-budgets; recommendations on allocations of funds, personnel and account coding.
6. Review and consult with department management staff on final budget preparation and presentations to Court Executive staff; provides budget information, instruction and assistance to Court staff.
7. Makes recommendations on budget matters to higher level staff, and assists in implementation and monitoring of changes.
8. Conducts studies of new and existing programs and special projects to determine feasibility, resolve problems including organizational, budget and fiscal research and analysis; analyzes proposed legislation to determine funding impact on Court programs.
9. Applies budget control activities by aligning all spends with allocated budget.
10. Analyzes and evaluates requests from department personnel for changes in budget allocations throughout the fiscal year in such areas as staffing levels, facilities, systems, and equipment; coordinates and consults with other department personnel and other departments; makes recommendations and obtains final approval for changes.
11. Prepares narrative, graphical and statistical management reports with alternative solutions for resolving issues.
Covering Insurance companies under International Financial Reporting Standard (IFRS)
Responsibilities:
Responsible for accurate, complete, and timely collection of relevant data published in SNL products for the information tracked by the respective departments. Responsible for the day-to-day maintenance of the information tracked by the respective departments.
* Collect Corporate and Financial Data for Covered Companies under IFRS domain
* Financial Statement Analysis (Horizontal and Vertical analysis, Financial Ratio Analysis)
* Preparing and presenting financial reports for meetings and investors;
* Complete Department Projects
* Working with executives to prepare budgets and track profit / loss performance by company;
* Creating solutions to new financial challenges by applying financial/treasury knowledge;
* Liaising with other departments on a range of issues;
* Providing advice on financial matters impacting on the company as a whole;
* Taking responsibility for, and supervising the work of, more junior members of staff;
* Preparing financial reports; Review Questionnaire Submissions; Execute As-Reported and Source Tagging Processes
* Arranging financial audits and reviews as required;
* Using Microsoft Excel (spreadsheets) apply different SQL queries and pull the covered companies data for any discrepancies, and report it to the senior manager.
* Payment of invoices and fees as required or otherwise instructed;
* Complete tax filings and dealing with matters relating to the tax authorities;
* Recommend and maintain a system of policies and procedures that impose an adequate level of control over activities.
Have to make bill adjustments and DSL charges, providing financial support for customers, payroll management and phone number activation and deactivation..
Preparing Financial Statements according to International Accounting & Auditing Standards, IFRS, Companies Laws and maintaining various accounting records for clients;
• Preparing Management’s Accounts, Projected Accounts, Cash Flows, Consolidation for the clients’ businesses;
• Handling Accounts Receivable (AR), Accounts Payable (AP), General Ledgers (GL), Bank Reconciliation Statements (BRS) and their adequate disclosures in Financial Statements;
• Conducting Cost Audits, Book keeping, Budgeting and Cash Flows;
• Preparing of Monthly, Quarterly, Half yearly and Annually Management Accounts, Book keeping and maintaining other accounting records;
The major courses in my MBA course includes: Financial Risk Management Portfolio analysis and management Corporate Finance Management of Financial Institutions The major projects that I did: * Financial Analysis of Pakistan Telecommunication Company Limited (PTCL) * Compared Financial performance of DG Khan Cement and Attock Cement in the subject Portfolio Analysis and Management. * Developed a project on Financial risk related model
Done internship of two months at Pakistan Telecommunication Company Limited (PTCL). Major subjects: * Financial Management * Budgeting * Analysis of Financial Statement * Multinational Financial Management * Investment Banking * Commercial Banking Major projects are as follows... - Financial analysis on Sui Southern Gas in the subjects AFS - Pakistan Tobacco Company: (API) Group project in which we did analysis of the Tobacco Industry focusing majorly on PTC and comparing it with other tobacco
