Group Budgeting and Reporting Manager

Scope of the role

Budgeting and planning

- Preparing various reports for Board meetings
- Coordinating planning, budgeting and forecasting
- Participating in capital allocation (budgeting) decisions/ financial modeling
- Participating in forecasting and cash flow management (on a weekly/ monthly basis)
- Participating in some major projects (activity based costing, Navision implementation – business plans for group divisions, implementing the KPI’s inside company etc.)
- Preparation, consolidation and distribution of company budgets and periodic forecasts
- Making recommendations for improving the financial operations and the financial position of the company
- Developing, implementing and maintaining financial policies, procedures and systems to ensure financial reporting accuracy and asset protection
- Coordination of monthly closing process
- revision of monthly end adjustments (accruals, provisions for payables, receivables, inventories, fixed assets)
- reconciliation of balance sheet accounts
- preparation of monthly reporting (Balance sheet, Profit and Loss Statement, Cash Flow for each entity)
- deferred tax calculation
- inter-companies reconciliation statements
- analyses of variance and evolution of performance and financial actual indicators compared to the budget / previous periods and forecast
- preparation of consolidated financial statements
- supervision of accounting transactions in order to ensure proper classification of transactions according to the profit/cost centers
- cost centre analysis against budgets, forecasts

Business Controlling

- Monitoring the budget by reviewing reports and accounting records to determine if allocated funds have been spent as specified
- Providing reasons for the variations in case of deviations between the approved budget and actual performance and developing corrective measures in the case of negative actual/ budget deviations
- Setting up, reviewing and maintaining a standard costing system to reasonable/ accurate levels
- Responsible for ensuring the client credit controlling procedures are respected at the level of group/ division, according with the commercial policy
- Designing projects financial scores templates in compliance with corporate planning & performance management guidelines
- Advising management on financial resources, trends, and the results of operations
- Verifying journal and ledger entries of cash and payments, purchases, expenses, and trial balances by examining and auditing inventory items
- Preparing reports for management, reporting financial conditions, detailing the source and application of funds
- Controlling all the inter-company transactions, managing the reconciliations – monthly or when necessary
- Making recommendations for improving the financial operations and the position of the company
- Liaising with tax specialists, lawyers, auditors to ensure legal compliance, at a minimum cost to the company

Treasury Management

- Reviewing the cash position of the Group and plans the maintenance of adequate funds through cash and other financial forecasts
- Supervising cashing activities including the examination of accounts payable invoices
- Making recommendations for the investment of the company’s surplus funds and manage a loan portfolio