Reporting, Budgeting

2 weeks ago


Medina, Al Madīnah al Munawwarah, Saudi Arabia Durrah Advanced Development Co Full time
We are looking for Budgeting, Reporting & Treasury Specialist who will be in charge for the below duties:

Responsibilities:

Support and manage all aspects of financial operations, including:

  • Report on the financial performance of the operations on a monthly basis to Finance Manager.
  • Ensure all financial accounting for the plant is completed, ensuring accurate reporting of monthly financial forecasts and actual results.
  • Ensure value added analysis and narratives are completed for all major variances to plan, and work closely with the budget owners to drive corrective measures when necessary.
  • Proactively identify and communicate risks and opportunities.

2.

Support and manage the annual planning process:


  • Manage all business plan profit & loss and balance sheet processes and presentations, ensuring all deadlines met with quality analysis and commentary.
  • Manage timetable and communicate with plant management / planning / procurement.
  • Work with plant management team to ensure key inputs are prepared and approved within guidelines / deadlines.
  • Support strong control and compliances and work with internal and external auditors.

3.

Business Partnering:


  • Manage the financial aspects of nonconcentrate business models.
  • Manage reporting routines.

4.

Treasury:


  • Develop, manage and recommend short/ long term Treasury strategies and plans.
  • Test internal control systems to ensure accuracy and adequacy of Treasury/ Banking records and documentations, including appropriate procedures, manuals, and standard practice instructions.
  • Suggest any adjustments or amendments related to the followed Treasury/ Banking procedures and regulations that would enhance work efficiency.
  • Manage daily Treasury operation including (but not limited to) financing, cash recycling/ investment, foreign currency risk identification and/or mitigation.
  • Optimize Cash Management and take the necessary actions to ensure liquidity through internal and external resources.
  • Anticipate short/ long term cash requirements from operational, investment, dividends, etc.
  • Develop and implement short/ long term cash flow forecast.
  • Review, improve and document banks, cash and liquidity management and business processes.
  • Develop and manage banks' relationship.
  • Negotiate and implement different Treasury & Banking products.
  • Identify cost saving opportunities from Treasury & Banking perspective.

5.

Operational Excellence and Continuous Improvement:


  • Coordinate Operational Excellence initiatives in Finance to implement process improvements and standardization of processes across the company.
  • Provide finance input to a variety of ad hoc and project requests and drive value added initiatives in the plants in conjunction with other functions.


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