Head of Budgeting & Reporting

Qatari Non-Financial Institution
Qatar (QA)
Aug 27, 2019
Sep 26, 2019
Industry Sector
Employment Type
Full Time

The Manager Budgeting and Reporting will have the responsibility for effectively organizing, monitoring and overseeing all budgeting and reporting related processes which include budget initiation, budget preparation, budget review & consolidation, budget finalization, budget monitoring, budget variance management and management reporting.

·  Contribute towards the formulation of strategy, annual business plans, policies and procedures of department, to support divisional and organizational business strategy.

·  Oversee implementation of procedures and controls in the department. Ensure that all Budgeting & Reporting activities are in compliance policies, procedures, regulatory requirements, and international financial and accounting reporting standards.

·  Build and maintain strong and effective relationship with the all other related units to achieve the Department’s goals/objectives.

·  Keep the Director Finance informed of significant issues related to budgeting, forecasting and reporting processes.

·  Allocate work to employees, nominate for training, conduct performance reviews and manage leave and overtime to ensure efficiency.

·  Provide in coordination with the Business Area Partners guidance to the Heads of Units and Budget Holders in the preparation of their respective annual budgets.

· Notify Business Units and Department Directors of their respective approved final budget.

· Review Requests for Budget Overrun/Transfer from Budget Holders. 

· Continuously identify, follow and analyze trends in the market. Review statistical analysis and current trends to identify risks and opportunities to the business.

· Support in the development of demand and capacity planning models and other forecasting models.

· Review and adopt new forecast processes, tools and models that will enhance performance, where needed

Key skills required

· Sound knowledge of ERP with emphasis on Budgeting module

· Expertise in Budgeting & Reporting best industry practices

· Knowledge of accounting standards

· Team Management skills

Education and requirements 

·        Masters Degree in Business Administration or Finance from a recognized university.

·        Internationally recognized professional accounting qualification is required like:

·        - Association of Chartered Certified Accountants (ACCA)

·        - Chartered Accountant (CA)

·        - Certified Institute of Management Accountants (CIMA)

·        United States (US)

·        - Certified Public Accountant (CPA)

·        - Certified Management Accountant (CMA)

·        - Chartered Financial Analyst (CFA)

About 5-7 years of post-qualification related experience of which a minimum of 2-3 years should be in a similar position / responsibility.