Budget & Cost Control Specialist – Al Jazeera Media Network

Full Time @ Jobs in Qatar Sector: Accounting, Finance & Banking
  • Doha, Qatar View on Map
  • Date Posted : October 29, 2022
  • Salary: Negotiable
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About the job

Summary:

The Budget and Cost Control Specialist will play a key role in planning, preparing & managing budgeting & cost control activities including budget & forecast preparation, monitoring & reporting and ensuring efficient utilization of the Divisional Budget.

Key Responsibilities:

  • Assist the Senior Budget & Cost Control Specialist as well as the section head in planning, analyzing, preparing, managing & monitoring TNO Budget Globally.
  • Help Develop templates for budget planning & monitoring activities.
  • Assist in all budget-related activities including but not limited to budget and forecast preparation, monitoring and budget reallocations.
  • Work with Department Manager across the division to prepare and gather budget proposals, analyze and compile the Master Budget.
  • Support the planning and controlling of the Global TNO OPEX and CAPEX budgets. Which will include developing annual budgets to support business plans.
  • Work with stakeholders across division to plan, review, validate & prioritize financial requirements.
  • Monitors periodic Cash-flow reports by analysing actuals vs allocated, commitments & upcoming demands for planning & monitoring purposes.
  • Monitor budgets based on authority levels & limits and taking necessary actions to control and reduce cost.
  • Support month-end closing by ensuring that all expenses and provisions are booked to appropriate Accounts.
  • Implementation, Monitoring and Control of Budgets through timely reporting and meeting with department managers & Directors.
  • Preparation of variance analysis reports and investigating the reason for cost control purpose and to submit recommendations
  • Monitors end-to-end divisional Sales (Revenue Generation) process & activities to ensure all revenues generated are recorded and reported properly.
  • Liaises with relevant stakeholders, internal & external to ensure process requirements & guidelines are followed for revenue generation activities.
  • Shares periodic revenue generation report with the Management.
  • Works closely with business managers to maintain a focus on current and future financial needs to satisfy business growth
  • Develop tools, dashboards, and key performance indicators to support strategic decision making.
  • Support vendor negotiations and strategic partnership agreements.
  • Review business cases and aid in the development of initiatives through bench marketing, market research etc.
  • Provide key analytic and research support in the Division’s continuing reassessment of its development, optimization, investments, distribution strategies etc.
  • Assist Build effective relationships with executives and team members throughout the company
  • Designs and implements effective budgeting policies and procedures;
  • Informs department managers of due dates for the submission of budget information;
  • Acts as an advisor to department managers & directors in formulating their budget submissions;
  • Reviews proposed budget submissions from department managers for accuracy and completeness;
  • Examines whether budget submissions can be achieved based on known capacity constraints and informs management of potential problem areas;

Key Requirements:

  • Bachelors or Diploma in Finance, Accounting, Business Management or any related field
  • Proven knowledge of MS Excel (specifically, advanced formulas, pivot tables and charts)
  • Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles
  • Working knowledge of short and long-term budgeting and forecasting, budgeting methods, and product-line profitability analysis; GAP Analysis
  • Must be Bilingual – Arabic & English

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