Budget & Financial Reporting Unit Head

Job Summary

The role is responsible to ensure that the entity and the departments develop their business plans, capital and operating budgets along sound financial and strategic lines and the performance of the facility. Working in close relationship with the Finance Manager, the Budget & Financial Reporting Unit Head directs, develops and manages the Budget & Financial Reporting function comprising Strategic Planning, Budgeting and Business Performance Monitoring.

Managerial Role

• Provide direction and manage employees in the Budgeting & Financial Reporting Section in performing their delegated tasks
• Performance management, career development guidance, setting objectives and KPI’sof their direct reports and ensuring the development of all employees within the Department (in coordination with the HR Department)
• Define metrics for the measurement of the success of the Budget and Financial Reporting Unit initiatives and projects, analyse data collected to determine the success past and current initiatives.
• Ensures that the performance of various tasks and the conduct of the staff in the Unitare in accordance with the entity policies and procedures

Organisational Role

• Working with all the department Managers, develops medium and long-term strategic plans of the Department in line with the entity’s vision, mission and strategic goals related to budget.

Functional Role

• Manages the day-to-day operations of the Budget and Financial Reporting Unit, providing expertise, encouraging and ensuring teamwork, aligning work processes in order to achieve high performance standards, meet established targets, objectives and employee engagement in a motivated work environment
• Directs the development of financial system to compile and monitor consolidated annual budget plan to ensure adherence to approved standards
• Directs the management, development and maintenance of capital and operating budgeting processes including budget requirements for planning entities
• Directs the development of Top-Down budgets and compares with Bottom-Up budgets developed by the company’s departments or sectors
• Directs the close coordination with the Finance Manager and Business Support Director regarding specific budget instructions to ensure adherence to entity regulations
• Directs the effective coordination and execution of plans with entity’s functions and the Business Units to determine that all relevant factors have been taken into account
• Reviews submitted plans to ascertain thoroughness and accuracy and consolidates plans for presentation to the entity
• Directs the delivering of the management accounts reports and insures an appropriate analysis is in place
• Identifies financial and economic risks and proposes mitigation tools
• Directs the delivery and management of financial forecast and funding needs
• Prepares feasibility study and provides business plans
• Any other duties appropriate to the role

Academics

• Bachelor’s Degree in Finance or Accounting
• Any Professional Qualification such as ACCA, CPA, CA, CIMA, MBA etc

Skills

• No match
• Budgeting
• No match
• Association of Chartered Certified Accountants (ACCA)
• No match
• Analytical Skills
• No match
• Accounting
• No match
• Management Accounting
• No match
• Finance
• No match
• People Management
• No match
• Certified Public Accounting (CPA)
• No match
• Operations
• No match
• Performance Monitoring