Budgeting Supervisor

Job Summary

Jobs at this level are responsible for supervising work pertaining to financial modelling and budgeting. Also, they are responsible for examining financial proposals, deriving insights and providing recommendations on relevant financial mandates to the senior management of the work units.

Core Responsibilities

• Ensure preparation of assigned budgets and financial models and analyses ensuring adherence through effective monitoring and escalating discrepancies and identifying remedial actions.

• Ensure effective usage of internal and external data sources for the development of assigned budgets.

• Support in making recommendations to top management regarding program and/or budget changes that have a large financial impact on the BUs/FUs or at STC level.

• Supervise process of forecasting, budgeting and preparing projects financial activity for multiple projects.

• Implement cost optimization efforts during budget review - follow up on BU/FU adherence to cost optimization efforts.

• Prepare budgeted financial statements (i.e. Balance Sheet, Income Statement and Cash Flow).

• Examine proposals for variations in financial plans and/or budgets and provides recommendations based on thorough reasoning and logical arguments.

• Monitor performance of the assigned work unit against pre – defined targets to ensure the optimal achievement of goals.

• Analyse internal/external trends and patterns to identify potential issues and undertakes preventive measures to mitigate medium term technical and business risks.

• Supervise work units within the specified area of work, to ensure efficient work flows and accurate outputs.

• Ensure adherence of deliverables to necessary standards from a procedural, legislative and compliance perspective.

• Manage projects and initiatives, as may be required by the reporting senior.

• Supervise work teams, if needed, to ensure work continuity.

• Develop and supervise respective team members, if needed, for undertaking higher responsibilities.

Qualifications/Certification

• Bachelor's degree in Accounting / Finance.

• Professional certification such as CFA or equivalent is preferred

Years of Experience

• A minimum of 5 years of relevant experience.

• Prior experience in financial Planning and Budgeting.

Desired Skills & Knowledge

• Advance proficiency in financial regulatory laws, procedures and guidelines

• Advance proficiency in finance and accounting

• Advance proficiency in relevant IT financial systems and methodologies

• Advance proficiency in financial analysis

• Advance proficiency in budgeting and reporting