Job Description
Job Objective
- This job is to prepare annual budgets and quarterly budgets
Key Roles and Responsibilities
Main Responsibilities
- Design effective budget models for departments and the entire company for respective departments to provide necessary information.
- Analyze financial information (e.g., revenues, expenditures, and cash management) to ensure all operations provide proper information and expenses for budget preparation.
- Present annual budgets and quarterly budgets reports to Line manager
- Review budget requests for approval
- Forecast future budget needs together with respective departments.
- Identify variances between actual and budgeted financial results at the end of each reporting period.
- Suggest spending improvements and optimization that increase profits.
- Design and implement effective budgeting policies and procedures.
- Determine whether budget proposals are following regulations.
- Prepare a final budgetary agreement with the respective departments and management.
Functional Skills
- Strong knowledge of finance and accounting principles, communications, and problem-solving skills
- Able to perform processes related to and prepare closing, consolidation, and reconciliation tasks: financial statements Planning, management with minimum supervision.
- Able to perform and own end to end planning, budgeting, and forecasting tasks with minimum supervision and reviews budget status and finding with higher management.
- Ability to use computer applications as required – Microsoft applications, especially Excel and Others
Job Requirements
Experience
- Minimum 3 years working experience as Budget Analyse
- Insurance Knowledge is preferable.
Qualifications
- B. Com (or) ACCA Part II