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Manager Budgeting And Reporting

Employer
KHALIFA UNIVERSITY
Location
Abu Dhabi, United Arab Emirates
Closing date
21 Mar 2024

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DESCRIPTION

The Manager, Budgeting and Reporting is responsible for managing the University budget development and monitoring implementation, while ensuring availability of accurate and effective financial data and information to produce timely report for management and stakeholders.

Strategic Responsibilities:

  • Contribute to the development of the Department's strategy, as well as annual business plans.
  • Contribute to the development of the Department's policies and procedures, in line with the overall  business objectives of the University, ensuring they promote leading practices and excellence.
  • Contribute to the development and management of the Department’s budgets and report back on a timely basis to ensure that divergences are addressed promptly.

Operational Responsibilities:

  • Review and monitor the annual University budget in multi-year projections, to ensure that all  revenues and expenditures are carried out in accordance with the approved budget includes detecting  any discrepancies, deviations and takes necessary rectifications accordingly.
  • Manage annual budget planning activities by communicating budget preparation guidelines to all  departments in the University.
  • Communicate budget guidelines and instructions to the departments includes provision of budget  development training. Also prepares financial analysis of revenues and expenditures includes participation in the development and enhancement of financial reporting tools.
  • Manage and review the consolidation of all the University budgets in compliance with approved guidelines; prepare consolidated budget to be presented to the University's Directors and management for internal approval.
  • Communicate the final approved budget to all budget owners internally and monitor actual spending.
  • Manage all University’s budget transfers required during the budget year according to approved 
  • policies and procedures.
  • Oversee the preparation of monthly, quarterly and yearly variance reports between actual and budgeted figures.
  • Manage the preparation and submission of analytical reports for management.
  • Establish and maintain relationships with financial institutions and banks to smooth financial operations in handling financial affairs.
  • Manage the preparation and submission of analytical reports for management.
  • Develop and implement robust internal control framework for budgeting and management reporting.
  • Ensure proper documentation & supporting information for financial transactions.
  • Ensure integrity of financial systems and processes, management reports and research costing system for University and stakeholders.
  • Responsible for projects that are essential for ensuring that the department achieves its strategic goals and ensures its alignment to the strategic objectives.
  • Ensure adherence to the University's information security policies and procedures, and report breaches or other security risks accordingly.
  • Ensure coordination with other departments to facilitate the accomplishment of tasks and responsibilities, as and when needed.
  • Perform any other tasks assigned by Line Manager.

Supervisory Responsibilities:

  • Provide coaching, guidance and mentoring as required to enhance the internal capabilities of the team and ensure the achievement of established objectives and plans.
  • Recommend appropriate training courses as per the pre-determined training needs, evaluate their effectiveness, and monitor their results.
  • Carry out performance appraisals for subordinates according to planned schedules and recommend necessary actions as per the applied practices.
  • Conduct periodic meetings with subordinates to ensure that priorities are clear and workflow is running smoothly.
  • Follow-up on employees' administrative affairs such as vacations, leaves and other administrative and related affairs.

QUALIFICATIONS

Required Qualifications:

  • A Bachelor’s Degree in Finance, Accounting or related field. Professional accountancy designation such as CPA, CA, and CMA preferred.

Required Experience: 

  • Expats: A minimum 12 years of relevant experience.
  • UAE Nationals: A minimum 8 years of relevant experience

Should you require further assistance or if you face any issue with the online application, please feel to contact the Recruitment Team (recruitmentteam@ku.ac.ae).

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