HR Budgeting Lead

NEOM is an accelerator of human progress and a vision of what a new future might look like. A region in northwest Saudi Arabia on the Red Sea, NEOM is being built from the ground up to include hyperconnected, cognitive cities, ports, next-generation infrastructure and industries, enterprise zones, research centers, sports and entertainment venues and tourist destinations.

As a destination, it will be a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.

As a workplace, it is a place for people who share our core values of care, curiosity, diversity, passion, respect, and becoming a catalyst for change.

Are you ready to help NEOM find solutions to the world’s most pressing challenges? Are you prepared to create a lasting legacy that benefits generations to come? Then we want to hear from you!

ROLE OVERVIEW

The HR Budgeting Lead will be responsible for overseeing the entire HR budgeting process, from initial planning and alignment to ongoing tracking and monitoring. This role requires a proactive approach to ensure all HR budget elements align with organizational objectives and are managed efficiently. The HR Budgeting Lead will work closely with key stakeholders across the organization, providing insights and driving decision-making to optimize the HR budget's impact.

REQUIREMENTS SUMMARY

1. 5+ years of experience in HR budgeting or related financial planning roles.
2. Proven financial acumen with a strong understanding of budgeting principles.
3. Advanced Excel skills, with the ability to create complex financial models and analysis.
4. Experience in budgeting within a large or complex organization preferred.
5. Excellent stakeholder management skills to ensure effective collaboration and communication.
6. Strong analytical skills with the ability to interpret data and provide insights.
7. High attention to detail and accuracy in financial reporting.

ROLE COMPETENCIES & ACTIVITIES

The HR Budgeting Lead responsibilities will include, but not be limited to:

Stakeholder Management

1. Collaborate with HR, Finance, and other cross-functional teams to align budgetary requirements with overall organizational objectives.
2. Present and explain budget plans, forecasts, and analyses to HR leadership and key stakeholders.
3. Act as the primary point of contact for budget-related inquiries, ensuring clarity and alignment across teams.
4. Facilitate discussions and negotiations around budget adjustments and reallocations.
5. Build and maintain strong relationships with internal stakeholders to ensure open lines of communication and trust.

Budget Planning and Alignment

1. Develop and implement the annual HR budget in alignment with organizational strategy and HR goals.
2. Identify areas for budget optimization and potential cost savings without compromising strategic HR initiatives.
3. Ensure alignment of HR spending with department goals and company objectives.
4. Partner with HR functions to forecast budget needs based on anticipated projects and activities.

Tracking and Monitoring

1. Regularly review budget performance, tracking variances and ensuring timely reporting.
2. Conduct monthly and quarterly reviews to assess actual spending versus forecast and address any variances.
3. Establish controls to ensure budget compliance and mitigate potential overspend.
4. Prepare and distribute periodic reports that summarize key budget insights and projections.

Data Analysis and Reporting

1. Analyze historical and current budget data to forecast future spending needs accurately.
2. Utilize advanced Excel functions to build and maintain budget models that support decision-making.
3. Provide detailed reporting to management with actionable insights based on budget trends.
4. Support the automation of budget reporting processes to enhance efficiency and accuracy.

Culture and Values

1. Embrace NEOM’s culture and values by acting with honesty and integrity, following best practices, and upholding the robust standards set out in NEOM’s Code of Conduct.
2. Maintain fair, ethical, and professional work practices in accordance with NEOM’s Values and Code of Conduct.
3. Adhere to NEOM’s policies, procedures, and controls to ensure compliance with rules.

EXPERIENCE & QUALIFICATIONS

Knowledge, Skills and Experience

1. Strong understanding of financial management principles, with a focus on budgeting and cost management.
2. Advanced Excel skills, including proficiency in formulas, pivot tables, VLOOKUP, and data visualization.
3. Ability to create and maintain complex budget models for planning, tracking, and forecasting.
4. Familiarity with financial reporting and budget analysis tools.
5. Proven problem-solving skills, with the ability to identify issues and recommend solutions.
6. Effective communication and interpersonal skills to engage with stakeholders across all levels.

Qualifications

1. Bachelor’s degree in Finance, Accounting, Business Administration, or a related field; a master’s degree or relevant certification (e.g., CPA, CFA) is preferred.
2. Relevant experience in budgeting, financial planning, or HR finance.
3. Professional certifications or coursework in financial analysis, budgeting, or accounting are advantageous.