Budgeting Management Director

JOB PURPOSE

To manage the financial planning, budgeting and controlling that must be followed by LCGPA and provide guidance on key financial processes such as; budgeting, performance, and variance analysis, to ensure that LCGPA’s functions implement the required financial control and ensure the integrity and accuracy of financial information as per the related standards.

KEY ACCOUNTABILITIES

DESCRIPTION

Strategy and Planning

§  Translate the Finance General Department strategies and policies into operational plans and organize the work of the Budget Management Department and oversee its implementation to deliver services and achieve its objectives.

People Management

§  Supervise the team work of the Budget Management Department and follow-up on the evaluation of their performance by providing feedback on an ongoing basis and seek opportunities to develop their capabilities in order to motivate them and raise the level of performance of the work of the department.

§  Identify the training and development needs of the Budget Management Department employees and fill the knowledge gaps to ensure continuous development and a high level of competence within the team.

Budgeting for the Budget Management Department

§  Prepare and propose Budget Management Department budget and control expenditures within the approved budget to enable department to estimate projected expenditures to ensure efficient and effective use of financial resources.

Budget Management

§  Review and recommend functional budgets by establishing schedules to collect, analyze and consolidate budget reports as well as recommend plans and conduct variance analysis to facilitate business performance review.

§  Examine budget estimates for completeness, accuracy, and conformity with procedures and regulations to ensure the enforcement of financial policies and procedures for transactions and accounting processes such as Generally Accepted Accounting Principles (GAAP) and Ministry of Finance Requirements to ensure applying sound processes and avoiding any regulatory violations.

§  Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation to LCGPA’s departments to ensure accurate budget preparation.

Financial Control

§  Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash management and accounting.

§  Support the analysis, preparation and monitoring of plans, schedules, subsequent cost estimates and controls of LCGPA, to ensure the optimal utilization of resources as well as ensure the adherence to the set plans and schedules to monitor and control expenditures.

§  Maintain current knowledge of organizational policies and procedures, KSA policies and directives, and current accounting standards.

Financial Reporting

§  Lead the preparation of financial statements, business activity reports, financial position forecasts, and annual budgets by ensuring the accurate recording of revenues, expenses, commissions, etc. to monitor LCGPA performance against business goals including revenue, costs and cash flow and highlight alarming numbers.

§  Prepare critical financial reports and ad-hoc analysis for relevant stakeholders such as the Board of Directors to ensure reporting accurate and timely information about LCGPA financial position to support the decision-making process.

§  Lead the preparation of financial reports and budgets to be shared to the Ministry of Finance and relevant stakeholders to ensure that LCGPA complies to the financial requirements by the relevant ministries.

Policies, Systems, Processes, Procedures, Standards and Reports

§  Direct the development of Budget Management Department policies, systems, processes and procedures to ensure the consistent application and ease of operations for subordinates.

§  Conduct a thorough review and analysis of reports submitted by subordinates and make timely decisions to ensure enhancing the Budget Management Department performance, mitigating highlighted risks and achieving LCGPA’s objectives.

Related Tasks

§  Perform any other related tasks and duties as directed.

TECHNICAL COMPETENCIES

§  Performance Management – Advanced

§  Accounting – Advanced

§  Budgeting & Forecasting – Advanced

§  Financial Analysis & Reporting – Advanced

§  Financial Control – Advanced

§  Cost Management – Advanced

§  Financial Resources Management – Advanced

§  Financial Risk Management – Advanced

§  Relationship Management – Advanced

§  Strategy Development – Advanced