Planning and Budgeting Manager – Shaheen Center

Over all Job Scope:

Preparing a historical financial database to predict the expected numbers, measure the planned goals, manage expenses, and measure the extent of the return on each type of expenses, as well as prepare the expected lists (Budget) and historical and financial lists in light of the current situation of the company.

Responsibilities:

• Monitoring the implementation of budget items to ensure that unauthorized overreach is not allowed, while maintaining the flexibility of operations.
• Monitoring the implementation of the budget items by the dealers in a way that ensures that there is no unauthorized overreach while maintaining the flexibility of the operations.
• Analysis of the financial statements (revenues – expenses – money management) to ensure that all operations are within the limits of the prepared budget.
• Providing financial analysis and clarifications related to the establishment’s expansion, liquidity, financial stability and profitability through the use of financial ratios and comparative figures.
• Follow up on the preparation of monthly performance reports that show the main performance indicators, general trends, and notes on actual performance against changes and deviations from the budget, risks and aspects that need administrative attention.
• Comparing the actual results with the figures shown in the budget to measure performance.
• Communicate with all company departments to discuss budget deviations and find practical and quick solutions to address this deviation.
• Reviewing, discussing and unifying the accounting directives with the rest of the company’s financial departments.
• Preparing the financial statements (income statement – financial position – cash flows) on a regular basis to measure the financial position.
• Preparing and reviewing the company’s financial plans and objectives in accordance with the directives of senior management and anticipating future budget needs.
• Setting and developing general budget rules, specifications and standards, and preparing schedules and assumptions.
• Designing budget preparation forms and sending them to the company’s departments to set the estimated percentages according to the planned objectives.
• Reviewing and analyzing the estimated budgets and communicating with the departments to ensure the correctness of the established estimates and their suitability with the directives to control expenses and increase profits.
• Preparing a plan to reduce expenses and improve the aspects of spending to increase the rate of profitability.
• Work to review budget-related procedures periodically and update them in line with the changes and to ensure the progress of the budget preparation process in a manner that ensures efficiency and effectiveness powers.