Manager - Planning & Budgeting - Abu Dhabi, United Arab Emirates - Group 42

Group 42
Group 42
Verified Company
Abu Dhabi, United Arab Emirates

1 week ago

Ahmed Al-Mansouri

Posted by:

Ahmed Al-Mansouri

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Description

Overview:


The Planning & Budgeting Manager is responsible for the delivery of wide range of consolidated and/or portfolio-wise management reports, performance and variance analysis, annual budgeting along with close involvement in the monthly closing process.

He reports directly to the head of business finance and reporting.


He/she needs to be commercially aware of both operations and management requirements, and bridge any gaps through focused analysis and financial solution delivery.


He/she should perform, oversee and guide a range of financial management responsibilities, aligned to business needs including budgeting, forecasting, profitability and project costing, transaction management, modelling, financial analysis, reporting and financial performance monitoring in accordance with G42 Group policies, procedures and standards and by continuously evaluating the adequacy of the procedure with the changing scenarios in the assigned unit to minimize the business risks on various fronts.


Responsibilities:


  • Directs the entire processes of financial planning including the monthly review and preparation of Flash P&L reports and Management report pack, Balance sheet and cash flows and other Ad Hoc reports of the Group of Companies.
  • Analyzing financial statements to increase revenue, reduce expense, improve overall profitability &enhance returns on investment to various stakeholders at project & entity level; evaluated alternative investment projects & plans.
  • Evaluating the current budgeting process for improvements and implementing strategies towards automation of budgeting and forecasting processes. This includes the budgeting process of each business units up to the group consolidation level
  • Directs the Budgeting process along with the finance business partners of each business unit ensuring the alignment to the organizations strategic and short
- term financial goals and controlling thereof

  • Develops and reports performance indicators models for different business units to add value in benchmarking processes
  • Develop complex reporting, forecasting, trending & result analysis.
  • Ensure appropriateness of key assumptions included in financial plan & budgets.
  • Adaptable and can deliver the information in a digestible way to their audience, with clarity and appropriate to specific audiences.
  • Identify and win over key stakeholders, build relationships and persuade in order to achieve their objectives.
  • Work cohesively with the other team in business finance in delivering wide range of reports.

Qualifications:

  • Accounting degree from accredited institution of higher education
  • 8 years Commercial Finance experience
  • Relevant specialized experience preferably within a particular sector/industry
  • Fluency in spoken and written English (Arabic an advantage)
  • Excellent management skills with proven ability to strategically manage financial and budget functions and provide authoritative technical and policy advice in a large and complex organization
  • Highly developed numeracy, analytical and conceptual skills including demonstrated ability to quickly assimilate new concepts and information and deliver positive, innovative solutions
  • Superior interpersonal and communication skills with the ability to build successful relationships and influence, negotiate and achieve consensus at senior levels, including effective communication at all levels and those with varying levels of financial literacy
  • Able to Ensure That Self & Team Meet Deadlines
  • PC Proficient in MS Office And Related Internal Systems (MS Dynamics is added advantage)
  • Knowledge in Divisional Policies, Procedures & Objectives (Finance & Designated Divisions)
  • Local Financial Knowledge and Knowledge of Generally Accepted Accounting Principles and Accounting Standards
  • Knowledge in Project Accounting
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