Senior Consultant -Budgeting and Financial Planning

Senior Consultant - Budgeting and Financial Planning

Job Objective
Manage the implementation of finance strategy within SAI (SAI) including but not limited to the analysis of financial information, budgeting and financial planning in compliance with the policies, procedures, rules, and industry's best practices whilst ensuring alignment with SAI's overall strategy.

Key Responsibilities/Duties

Strategy and Planning

• Develop and manage the implementation and update of the section related policy, procedures manual, delegation of authority, systems user manuals and standard forms, and ensure compliance across the Authority and alignment with SAI's overall policies and procedures.
• Develop and manage the implementation, and update of the section's strategic, budget and procurement, and operational plans ensuring alignment with the department and sector's strategy and objectives, and SAI's mission and vision.
• Ensure effective cascading of the department and sector strategy and objectives, and SAI's mission and vision into the section's strategic, budget and procurement, and operational plans to achieve SAI's overall objectives.
• Develop the section's Key Performance Indicators (KPIs) in line with SAI's overall objectives and ensure individual KPIs are met to improve efficiency and effectiveness.

Operations

Financial Planning

• Manage the preparation, consolidation and implementation of SAI's financial plan and budget, ensuring the availability of funds for financial approvals and alignment with SAI's overall strategic objectives.
• Manage the preparation of the projected expenditure plan and ensure its efficient and effective implementation in coordination with SAI's organizational units.
• Manage and lead the development and publication of the policy, procedures and guidelines for preparing budgets, to ensure awareness of the relevant organizational units.
• Manage the provision of support to SAI's organizational units in preparing budgets in proportion to their business activities and contributing to achieving their strategic goals.
• Manage the preparation of periodic expense reports and review the analysis and proposed recommendations prior to submission to the management.
• Manage financial transfers between budget items and ensure justifications are monitored and in line with the applicable policies.
• Verify accounting and financial information and reports in order to meet the requirements for audit purposes.
• Manage and lead the execution of all treasury activities to facilitate planning for adequate funding to meet major financial requirements of SAI.
• Manage the preparation and review of reports (technical and/or statistical) related to the planning and budgeting activities and forward to management for approval.
• Manage and lead the analysis and reporting of SAI's financial performance and communicate with relevant internal and external organizational units to ensure that the annual budget reflects all operational activities.

Budgeting

• Provide financial projections by managing the budget/forecast preparation; collection, analysis and consolidation of financial information; and advice departments on the spending and analysis of data.
• Manage reconciliation of all pre-payments and expenses against the approved budgets and highlight significant deviations for corrective action or write-off.
• Manage the collection of projected budget from all Groups/Departments, and verify information for accuracy and completeness in order to draft SAI's Annual Budget ensuring conformance with established procedures, regulations, and organizational objectives, for submission to management.
• Manage forecasting of expected expenses to make accruals in order to ensure that funds are available for all year-end payments.
• Review and submit budget reports to the senior management for further scrutiny and approval in accordance with the approved policy.
• Prepare a five-year financial forecast, and provide the necessary update of the plan according to any changes in the business requirements or the regulations which may affect forecasts.

Talent Management and Development

• Manage the effective achievement of assigned section operational goals through effective leadership by setting individual objectives, managing performance within the section, and developing and motivating the team to maximize performance.
• Monitor a section's training plan to ensure that the team attends all trainings and development activities required for the role for continuous performance improvements.
• Conduct performance evaluation of subordinates against KPIs by monitoring individual performance, reviewing progress reports, recommending corrective actions and providing overall assessment to support the achievement of SAI's overall objectives.
• Manage team workload within the section through the appropriate delegation of work.
• Motivate subordinates, especially focusing on developing capabilities of UAE National employees, to develop a motivated and high performance team.

Corporate

• Ensure employee adherence and compliance with all SAI corporate policies, procedures and guidelines (HR, IT, Procurement, Finance, Health and Safety etc.) within the assigned section.
• Manage and review section's related correspondence such as e-mails, memos, and letters to ensure professionalism, completeness and accuracy of information.
• Manage the retention, documentation, preservation, and archive of section's related physical and electronic records in accordance with relevant policies and procedures.
• Manage any section related queries and ensure that required response and support are provided to relevant SAI's organizational units and employees as and when required.
• Ensure relevant technologies used within SAI are utilized by employees in order to optimize work efficiency.
• Ensure compliance with SAI's values, Code of Business Conduct and ethics at all times to support the establishment of a value driven culture within the Authority.
• Ensure the implementation of the relevant health and safety legislation, policies and procedures, in the performance of duties within the assigned section.
• Lead the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
• Ensure that all reports are prepared accurately, submitted timely and meet SAI requirements and quality standards.

General

• The level of performance should reflect the academic qualification, type of courses in the field of specialization, employee job level, and the level of productivity.
• The academic and professional certificates required and approved by SAI should be acquired within the period specified and based on the employee's Individual Development Plan.
• Perform the task and responsibilities independently unless an approval or directive was obtained to delegate the task to other employees in case of incapability to perform the tasks and responsibilities.
• Ensure teamwork, collaboration and dedication in performing duties.
• Showcase a strong leadership to the team members.
• Knowledge and awareness about the capabilities of the subordinates and showcase a strong knowledge in the field of specialization.
• Provide the required support and guidance to the subordinates.
• Take responsibility of the decisions made.

Requirements

Academic Qualifications: Bachelors degree in Finance, Accounting or relevant field.

Professional Certifications:

• Certified Management Accountant (CMA)
• Certified Financial Analyst
• Certified Public Accountant (CPA)
• Association of Chartered Certified Accountant (ACCA)
• Leadership ILM 5

Professional Experience: 10 - 12+ years of relevant experience in managing and coordinating financial preparation of financial statements or equivalent work experience with preferably 6 years in a supervisory role.

• Exposure to financial statements, reconciliations, modelling and audits.

Language Proficiency: Proficiency in Arabic and English.