JOB PURPOSE

To support in the development of financial and budget plans in order to efficiently track budget expenditure and implement change requests within set guidelines and timetables.

ROLES AND RESPONSIBILITIES

 Guidelines and Timetable Development

• Develop and communicate financial planning timetable
• Guide the development of financial forecasting forms, models and tools and train relevant stakeholders in Tahakom functions on their utilization
• Contribute to the development of budget policies, procedures and timetable based on developed strategy
• Guide the development of budget development forms, models and tools and train relevant stakeholders in Tahakom functions on their utilization

Financial Planning

•  Revise financial statements against previous financial plans to identify progress against pre-set objectives and targets
• Provide support in the development of revenue forecasts for Tahakom products and services
• Translate department execution plans and KPIs into financial figures and derive direct CAPEX and OPEX inputs
• Contribute to the process of negotiation and validation of financial forecasts with relevant stakeholders to reach a consensus and finalize 3-year rolling forecasts

Budget Development

• Determine budget caps including CAPEX and OPEX spending based on financial forecasts
• Participate in top-down and bottom-up budget negotiation activities and align with Tahakom departments to estimate expenditure requirements
• Communicate and adopt budget preparation plan and all budget documents with relevant stakeholders
• Support the development of final budget and ensure accordance with business practices

Budget Tracking and Reporting

• Review purchase requests to ensure they are within budget and meet the guidelines of budget expenditure
• Provide support, when needed, in the variance analyses to pinpoint discrepancies between forecasted and actual expenses and ensure corrective actions are implemented
• Conduct appropriate assessments, analyze supporting business cases and obtain needed approvals in order to support the management of budget modification
• Contribute to the development, revision and update of financial policies to meet Tahakom needs related to budgeting, planning and reporting
• Develop annual coding plan defining relationships between all account structures
• Review ad-hoc and periodical reports and submit to top management

JOB QUALIFICATIONS AND REQUIREMENTS

Knowledge & Experience 4 to 6 years of relevant experience in Financial Planning role

Education & Certifications Bachelor’s degree in finance or equivalent is required