Budget & Advisory Division Head

Managerial Responsibilities:

 1. Provide direction and lead direct reports in performing their roles and responsibilities.

 2. Conduct performance appraisal reviews for direct reports, identify and ensure they acquire the required managerial or functional competencies and knowledge.

 3. Review all periodic financial performance reports to ensure the effective implementation for YASREF’s strategies and identify improvement opportunities and propose/implement improvement actions.

4. Execute Department/ Division strategy and operational plans and manage the Division’s annual budget, to meet set objectives and performance targets.

5. Ensure that the performance of various responsibilities and the conduct of the staff in the Division are in accordance with the YASREF’s policies and procedures.

 6. Ensure the availability of required resources to carry out all the responsibilities related to the Division.

Functional Responsibilities:

 1. Analyses financial information and conduct ratio analysis prepares consolidated reports and conduct trends analysis & prepares forecast based on internal & external financial data. Reports financial performance and analysis with recommendations to management.

2. Ensures the annual budgeting and monthly forecasting process; develop operating models to ensure compliance with company’s financial goals.

3. Monitors Operating /Capital Expenditure and highlights major financial and operational variances against budget or KPIs. Prepares quarterly reports providing reasons for the major differences between actual and budgeted figures.

 4. Perform complex analytical assignments and prepares accounting related reports with related annual budgeting inputs.

 5. Provide expertise on processes or issues to the assigned team and work stream.

 6. Controls budget phasing break-down into monthly operating budget and controls the actual day to day spending.

7. Directs and provides professional recommendation in cost reduction and recommends probability analysis for improving the profitability.

 8. Review operating budgets to analyze trends affecting budget needs. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.

 9. Construct, studies and consolidates financial models in order to prepare company’s strategic plans, and investigates different strategic options.

 10. Identifies, assesses and communicates issues affecting financial profitability

 11. Uses spreadsheet and statistical software packages to analyze financial data, spot trends, and develop forecasts.

 12. Analyze and interpret reports for managers providing recommendations to guide business decisions.

 13. Maintain records on all analytical data.

 14. Perform all work procedures in compliance with relevant safety, health and environmental procedures to ensure a healthy and safe work environment