Budget & Reporting Manager

2. JOB PURPOSE:

Responsible for formulating presenting and monitoring the annual budget by undertaking short- and long-

term operating expense and capital cost budgeting through data based on statistical studies and analyses of

past and current years. Assisting management in financial decision-making by monitoring budgets and

providing variance reports that can be acted upon by the senior management and will also assist the

departments/sections to make efficient use of resources. Also responsible for cost accounting and cost

allocation to accurate cost centers so as to analyze expenditures and variances.

4. KEY ACCOUNTABILITIES:

Description

Strategy Development and Implementation

Develop and direct the implementation of the department strategy ensuring alignment to divisional

strategy vision mission and corporate objectives.

Ensure that department strategy and related strategic plans are developed and implemented which

are aligned with the vision and mission of the organization.

Ensure the provision of subject matter expertise for the assigned domain and provide counsel to

leadership on all related areas to facilitate the achievement of Marafeq Qatar’s strategy

and divisional strategies.

Preparation of the Annual Budget

Initiate coordinate and monitor the annual budget preparation process.

Interact with all functions to get inputs on budget and preparation of financial reports and forecasts.

Review monitor and analyze the reasonableness and accuracy of budgetary requests and recommend

appropriate usage of resources ensure compliance with company policies and procedures.

Monitor financial performance versus the budget so that the business is aware of anticipated

costs/revenues areas of unsatisfactory performance are identified and potential performance

improvement opportunities are capitalized upon.

Prepare forecasts projections trends revenues and cost analysis for senior

management.

Monitoring and Reporting

Ensure that all department reports are prepared timely and accurately and meet

requirements policies and quality standards.

Direct the development of accurate consistent and timely reporting (internal & external) by developing

corporate-level reports and dashboards in order to enhance the reporting system within

Ensure that all related documentation (business requirements technical designs data dictionary etc.)

are created maintained and available in a central repository to facilitate reports generating system.

Develop and implement data reporting analytic systems and other tactics that optimize information flow

and insights to enhance and facilitate the reporting system.

Prepare ad-hoc reports budget scenarios and related reports for reference of the management.

Develop performance reports for monitoring business/segments/department performance on a

monthly basis and provide visibility to the management for alignment with the targets.

Relationship Management

Contribute to the relations with banks and banking activities ensure timely and efficient resolution of

issues.

Manage bank guarantees and bonds to ensure compliance to company policies and procedures.

Leadership

Manage the effective achievement of departmental objectives through effective leadership and by

setting of individual objectives managing performance developing and motivating team to maximize

performance.

Lead the talent development initiatives for the assigned department collaborating with discipline

experts and thereby ensure the availability of talent to fit business requirements.

Budgeting and Financial Performance

Oversee the consolidation and recommend the department budget and monitor financial performance

versus the budget so that the business is aware of anticipated costs/revenues areas of unsatisfactory

performance are identified and potential areas of cost reduction or performance improvement

opportunities are capitalized upon.

Policies Systems Processes & Procedures

Develop and lead the implementation of Accounting department policies systems processes

procedures and controls covering all areas of assigned functional so that all relevant

procedural/regulatory/legislative requirements are fulfilled while delivering a quality cost-effective

service in a consistent manner.

Change Management

Lead the management of change through continuous improvement of department systems processes

and practices taking into account global standards and changes in the business environment which

demand proactive action plans.

Lead ERP integration and automation projects related to Budgeting and Reporting

Quality Health Safety & Environment

Ensure all relevant quality health safety and environmental procedures instructions and controls are

adhered to so that the safety of employees quality of products/services and environmental compliance

can be guaranteed.

Related Assignments

The job holder may be required to undertake additional duties which may be reasonably expected and

forms part of the function of the job.

7. QUALIFICATIONS EXPERIENCE & SKILLS

Minimum Qualifications:

Master’s degree is preferred

Professional Certification (e.g. CA CPA ICAEW CMA) is preferred

Minimum Experience:

10 years of experience in a similar role with at least 5 years in managerial roles

Job-Specific Skills (Generic / Technical):

Proficiency in English and Arabic

Strong analytical and problem-solving skills

Strong communication and inter-personal skills

Strong negotiation skills

Ability to multitask

Time management skills

Attention to detail