Planning, Budgeting, and Costing Specialist

• Planning & Budgeting: -
• Train User Departments on budget development concepts and templates
• Collects, summarizes and reconciles data from user departments and sections for the purpose of drafting Operating and Capital budget packages.
• Ensure budget compliance with Company Policy and ensures that the draft budgets are timely presented to Section Head and Finance for perusal.
• Ensure full documentation of budget files and supportive documents with all data referenced properly in order to ensure smooth reviews by superiors.
• Prepares Budget performance reports and generate budget variance analysis reports on periodic basis with reasons for variations for significant variations.
• Preparing detailed reports pertaining to discrepancies and amendments that occurred in the budget, during the entire financial year.
• Assisting in projecting future financial needs, taking into considerations the various projects undertaken by the company
• Studying financial requests, Prepare feasible studies and cash flow projections for each project
• Provide advice and technical assistance with cost analysis
• Examine budget estimates for completeness, accuracy and conformance with procedures and regulations.
• Prepare relevant presentations for line manager, department head, and BOT
• Prepare detailed budget charts, tables and spreadsheets as needed, in support of a variety of budgetary analyses and special projects. Compile and display data by using table and graph spreadsheet applications
• Consolidates inputs received from Divisions and Departments in respect of 5 year Business Plan
• Prepare Budget analysis.
• Employ flexible budget model by adjusting Budget volume based on contract variations.

• Assist user departments/ sections in their day- to-day queries relating to budget preparation, budget usage and related matters.
• Ensures proper implementation of SPSP policy for capital expenditure.
• Performs other related duties as assigned by the section head
• Coordinate with ERP team to upload/generate all budget data and analysis through ERP system
• Develop standard budget templates to facilitate data gathering from different sources

Costing: -
• Assist user departments/ sections in developing master data for cost analysis
• Implement Activity Based Costing (ABC) model.
• Prepare advanced cost structure to be base of pricing SPSP’s services.
• Perform month end close activities related to Cost Accounting.
• Prepare various financial analysis related to training costs, and expense information for decision making support.
• Analyzes variances/changes in costs and expenses using different models to identify root causes with recommendations
• Analyzes actual production costs and prepares periodic reports comparing standard costs to actual costs.
• Develop set of standards based on industrial and international benchmarks
• Collect input from related parties to prepares feasible studies/estimates of new and proposed service costs
• Recommends cost efficiencies in new services layouts.
• Prepare what if cost analysis, breakeven analysis for each service category
• Provides management with reports specifying and comparing factors affecting prices and profitability of services
• Maintain and improve processes and controls associated with training and other
• Lead and manage the quarterly excess and obsolete assets/consumables review process.
• Ensure availability, validity and accuracy of costing reports and analysis which should be generated through ERP
• Assist in developing and documenting policies and procedures related to costing and budgeting, including system requirements and internal controls
• Perform different cost cutting analysis and propose best solution to achieve highest and most efficient solutions
• Assist in month-end accounting activities such as closeout
• Create and distribute detailed monthly program cost reports for different centers to be distributed regularly to management for review and comments. Such reports should include actual and estimated costs to-date as well as
• Coordinate with billing Departments to ensure pricing aligned with approved cost structure
• Provide financial support to other functional areas such as operations, procurement, HR, etc.
• Develop standard costing templates to facilitate data gathering from different sources
• Assist different stakeholders in analyzing/developing work processes

• Sound knowledge of International Financial Reporting Standards.
• Experienced in developing costing systems and analysis
• Advanced excel skills
• Excellent business writing skills in English Language
• Ability to analyze and interpret costing and Budgeting reports
• Experience working independently, strong self-motivation, and effective time management skills.
• Ability to determine work priorities and accomplish goals within limited periods of time while under pressure.
• Ability to deal tactfully, professionally, and courteously with Direct Manager, other management members, appointed members, and other members of SPSP.

CFA, CPA, or CMA

• Ability to stay current on trends and developments in Budgeting standards and practice

commerce or equivalent