Financial Specialist

**Qualification**: - CMA/CIMA /ACCA is preferable **Experience**: - 7-10 years of relevant experience in the career of cost accounting and management accounting - Proven strong knowledge base in Budgeting for large infrastructure organizations, preferably government authorities - Advanced MS office skills - MS Power BI is a plus point - Experience within the **Utilities Sector** - Ability to review and challenge business cases - Ability to engage with staff at all levels within the Organisation - **Ability to communicate verbally and in writing in English is mandatory**. - **Ability to communicate verbally and in writing in Arabic will be an advantage** - Manage the planning and budgeting as per the governing frameworks and guidelines including Ministry of Finance instructions applicable on these - Assist the relevant management in strategy development on strategy details based on the information/ data gathered and analysed and based on leading practice - Organize data into report format and arrange for the preparation of graphic illustrations of research findings - Preparation of a draft annual budget for the Authority and its accounts in coordination with the relevant administrative units. - Lead project planning and budgeting processes - Study Business Cases for proper assessment on reasonableness and supporting with valid assumptions matching the organization objectives - Developing budgeting policy/framework and templates. - Maintain communication with the Ministry of Finance to understand the funds allocated - Forecast funding requirements and highlight deficiency in funds to finance leadership - Manage the process of request for additional funds from the Ministry of Finance - Kicking-off the budgeting cycle - Deciding and communicating key guidelines and assumptions to all the departments (e.g., calendar for the year) - Receiving all the proposals of the Authority's departments and studying them. - Ensuring the completeness and quality of budget submissions, challenging them, and requesting additional clarifications and /or justifications as needed. - Monitoring the preparation of the budget of the Authority in all its stages to complete the work in accordance with the specified schedules - Liaison with Ministry of Finance for budget approval - Preparing the consolidated budget report - Ensuring budget coordinators are performing an adequate level of budget control, monitoring, and forecasting - Preparing and submitting the consolidated budget performance reports for senior management - Facilitating budget reallocations and enhancements as required and liaise with Ministry of Finance for approval. - Assist in preparation of budget pack including templates, guidelines and timeline. - Support Reports and Budgets Specialist/ Senior Specialist in devising the budget allocation methodology according to Ashghal policy. - Assist department heads in ensuring budget templates are correctly populated with budget submission guidelines and statutory requirements by conducting awareness sessions for completion. - Follow up with department heads to complete on time. Participate in the preparation/compilation of Annual budgets to facilitate presentation of annual budgets to Management for approval. - Assist in compilation of divisional budgets and consolidate divisional budgets to develop Ashghal’s consolidated budget. - Receive budget excel sheets and enter into the system. - Obtain approval on the consolidated budget and rework on allocation if required. - Review Business Cases submitted for new projects and ensure it is matching the priorities setting for the government and the guidelines set as per the budgeting framework of Ashghal - Assist department heads in managing budgets and approval for expenditure requests. - Conduct variance analysis between cost and actual expenses on a periodic basis and submit findings to Reports and Budgets Specialist/ Senior Specialist. - Develop supplementary budgets in accordance with policy if applicable. - Prepare periodical and annual report concerned with CAPEX "Projects and Fixed Assets "and OPEX budgets, change orders and bank guarantees. - Review authorized expenses and deducting from budget allocations. - Prepare periodical and annual report concerned with CAPEX "Projects and Fixed Assets "and OPEX budgets, change orders and bank guarantees. - Load finalized budget onto the financial system. - Assist in the preparation of PWA annual financial results report(s). - Maintain control over the Financial System Security in liaison with ISD. - Prepare and generate, in coordination with the Financial Affairs Researcher, under the direction of the Reports and Budgets Advisor / Expert, reports and statistics detailing budget transactions as and when required. - Support the Section Head in collating various functional/ BU data required for budget preparation exercise. - Assist in the design and development of an organization wide budget from initiation to monitoring of the b