Budgeting Manager

Roles and responsibilities

Financial Analyst is responsible to prepare the Budget for MC’s and JOPs in line with regulator requirement and communicate with budget revie team to generate the report for regulator approval, The position liaises directly with Auditors to complete the interim and annual Audit within agreed timeline the same will be submitted to regulator,

Financial Analyst required to communicate with the consultant / operation team to finalize the relate report for Budget, cost allocation, Reserve fund study and to reconcile the project data.

Monthly reports / reconciliation could be required to be performed as part of month end / year end closing process Including the VAT Report

The main duties and responsibilities of this role:

• Compile and prepare budgets for Master Communities (MC’s) & Joint-Owned Properties (JOPs) within agreed time frame.
• Analyse the budget in line with previous year actual and discuss with the operational team In line with regulator Requirements.
• Review Budget / Project Database reconciliation and action on rectification in co-ordination with community team
• Communicate with Budget review team to complete the Budget Review within agreed time frame.
• Review the contract copies in order to submit the supporting to Regulators.
• Review and improve reports circulated.
• Co-ordinate with AR & AP team independent auditor to finalize the audit requirement.
• Maintain the Record of Asset Register and Reserve Fund study and co-ordination with community infrastructure team engineers for annual reserve fund service charge amount.
• Communicate with the Auditors to complete interim Audit and annual Audit within agreed time frame.
• Maintain the Actual Vs Budget analyses record.
• Reports: Fund report, monthly MFR & cash flow report. Reconcile the same with TB.

About you:

The ideal candidate will have the below qualifications and experience:

• Bachelor of Commerce and also preferred ACCA / CMA /CIMA
• 5 years with experience in management accounting and Audit.
• excellent communication and negotiation skills, as well as an ability to work independently.
• Strong computer skills including proficiency with Microsoft Word, Excel, Outlook
• High work ethics, structured thinking & excellent organizational skills.

Desired candidate profile

• Financial Analysis: Proficiency in analyzing financial data to assess performance and identify trends, variances, and opportunities for improvement.

• Budgeting Expertise: Strong skills in developing, monitoring, and managing budgets, including forecasting and variance analysis.

• Cost Control: Ability to implement cost control measures and strategies to optimize spending and enhance financial efficiency.

• Data Management: Expertise in collecting, organizing, and interpreting large datasets to support financial decision-making.

• Reporting: Skill in preparing detailed financial reports and presentations for stakeholders, highlighting key insights and recommendations.

• Regulatory Knowledge: Understanding of financial regulations and compliance requirements relevant to budgeting and financial reporting.

• Analytical Thinking: Strong analytical and critical thinking skills to evaluate financial scenarios and assess potential impacts on the organization.

• Attention to Detail: High level of accuracy and attention to detail in financial analysis and reporting to avoid costly errors.

• Communication: Excellent verbal and written communication skills to effectively convey financial concepts to non-financial stakeholders.

• Software Proficiency: Familiarity with financial software and tools, including ERP systems, spreadsheets, and data visualization tools.

• Collaboration: Ability to work collaboratively with various departments to gather data and align budgeting goals with organizational objectives.

• Problem-Solving: Strong problem-solving skills to identify financial challenges and develop actionable solutions.