Jobs Accounting/Banking/Finance Jobs in Saudi Arabia in Saudi Arabia
• JOB PURPOSE: To manage the process of business and financial planning (short term, medium term and long term), budgeting and budget analysis for Bakhashab through the establishment and implementation of effective guidelines, policies and time-lines in order to ensure cost control and proper decision making. • KEY ACCOUNTABILITIES: Policies & Procedures: Develop policies processes and procedures pertaining to budgeting and MIS department and manage their implementation to ensure adherence and fulfilment of all relevant requirements. Budget Preparation Direct the preparation and consolidation of Bakhashab departmental budget in coordination with the Financial Controller and concerned department heads to ensure alignment with the business plan. Monitor the spending of the departments throughout the year, carrying out variance analysis between budget and actual spending and highlighting any overspending in a timely manner in order to ensure the business is aware of anticipated costs/revenues and ensure corrective actions are taken. Budget Control Review purchase requisitions in order to ensure purchasing activities/ expenses comply with agreed budgets and highlight deviations from budgets while ensuring required approvals are secured for exceptions/ overruns. Cost Accounting Lead the approved cost accounting framework and practices in order to enable a system of recording and ascertaining costs to help in preparation of reports for cost control. Reporting Oversee the weekly and monthly reports of each department capturing their spending and variances with the set budget in order to ensure highlighting any critical issues and take the necessary actions. Supervise and review periodic MIS reports clarifying and obtaining explanations for variances in order to assist the management decision making process and ensure reliable information is available. Partnership Partner with managers in other departments to provide advice in area of specialization in order to develop a mutually beneficial partnership between Finance and others departments across Bakhashab and to identify synergistic working methods. Liaise with the Internal Audit department and external auditors in order to arrange audit financial statements. Variance Analysis Review monthly financial statements to establish expenditure against budget for analysis of variance in order to ensure timely monitoring and control. • COMMUNICATIONS & WORKING RELATIONSHIPS (ILLUSTRATIVE NOT EXHAUSTIVE): Internal: Regular interactions with the Financial Controller to provide up-date on progress against strategic objectives, and report any significant matters. Regular interactions with the business units to coordinate on cross-functional matters, ensure effective sharing of critical information and resolve major issues. Regular interactions with direct subordinates to manage and oversee performance of the function, provide guidance and manage the day-to-day operations. External: Auditors.
Job Details
| Date Posted: | 2014-11-06 |
| Job Location: | Dammam, Saudi Arabia |
| Job Role: | Accounting/Banking/Finance |
| Company Industry: | Transportation |
Preferred Candidate
| Career Level: | Management |
| Degree: | Bachelor's degree / higher diploma |
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