Senior Budget
3 months ago
**Senior Budget & Cost Control Specialist**:
**Contract Type: 12 months - Freelance Fixed Term contract**
**Location: Doha, Qatar**
The **Senior Budget and Cost control Specialist** will play a key role in planning, preparing & managing budgeting & cost control activities including budget & forecast preparation, monitoring & reporting and ensure efficient utilization of Divisional Budget.
**Key Responsibilities**:
- Assist the Section head in planning, analysing, preparing, managing & monitoring TNO Budget Globally.
- Develop templates for budget planning & monitoring activities.
- Oversee all budget related activities including but not limited to budget and forecast preparation, monitoring and budget reallocations.
- Manages the Demand Management Process to plan, review, validate & prioritize financial requirements with relevant stakeholders.
- Work with Directorates across the division to prepare and gather budget proposals, analyse and compile the Master Budget.
- Support the planning and controlling of the Global Technology freelance budgets. Which will include developing annual budgets to support business plans.
- Work with stakeholders across division to plan, review, validate & prioritize financial requirements.
- Monitors periodic Cash-flow reports by analysing actuals vs allocated, commitments & upcoming demands for planning & monitoring purposes.
- Monitor budgets based on authority levels & limits and taking necessary actions to control and reduce cost.
- Support month-end closing by ensuring that all expenses and provisions are booked to appropriate Accounts.
- Implementation, Monitoring and Control of Budgets through timely reporting and meeting with department managers & Directors.
- Preparation of variance analysis reports and investigating the reason for cost control purpose and to submit recommendations
- Monitors end-to-end divisional Sales (Revenue Generation) process & activities to ensure all revenues generated are recorded and reported properly.
- Liaises with relevant stakeholders, internal & external to ensure process requirements & guidelines are followed for revenue generation activities.
- Shares periodic revenue generation report with the Management.
- Works closely with business managers to maintain a focus on current and future financial needs to satisfy business growth
- Develop tools, dashboards, and key performance indicators to support strategic decision making.
- Support vendor negotiations and strategic partnership agreements.
- Review business cases and aid in the development of initiatives through bench marketing, market research etc.
- Provide key analytic and research support in the Division’s continuing reassessment of its development, optimization, investments, distribution strategies etc.
- Assist Build effective relationships with executives and team members throughout the company
- Designs and implements effective budgeting policies and procedures.
- Informs department managers of due dates for the submission of budget information.
- Acts as an advisor to department managers & directors in formulating their budget submissions.
- Reviews proposed budget submissions from department managers for accuracy and completeness.
- Examines whether budget submissions can be achieved based on known capacity constraints and informs management of potential problem areas.
- Creates a consolidated budget for management approval.
- Compares actual to budgeted results at the end of each reporting period, and reports on variances, and taking any appropriate action based on the analysis of the variances reports.
**Key Requirements**:
- Ability to speak **Arabic**.
- Bachelor/Diploma in Finance, Accounting, Business Management field or any related discipline
- Minimum 7 years of relevant professional experience
- Proven knowledge of MS Excel (specifically, advanced formulas, pivot tables and charts)
- Understanding of forecasting methods and data analysis;
- Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles
- Proficient in SAP MM (Procurement & finance Processes).
- Working knowledge of short and long-term budgeting and forecasting, budgeting methods, and product-line profitability analysis;
- GAP Analysis
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