JOB OBJECTIVE:
To conduct accurate and timely budgeting accounting transactions and ensure compliance with Woqod policies, procedures, regulatory requirements, and international financial and budgeting accounting reporting standards.
Description:
Reporting
Report ongoing budgeting accounting activities to Budgeting Team Leader in order to inform on activity status.
Assist in activities pertaining to collating and reviewing account payables and account receivables
Budget Preparation
Ensure the preparation of the annual operating budget (including revenue budget, inventory budget, various cost budgets, etc.) and the annual financial budget (including Capital expenditure budget, cash budget, etc.) of the different departments within Woqod.
Contribute to the preparation of the budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues and areas of unsatisfactory performance are identified.
Monitor annual budgets of various Woqod departments.
Budget Monitoring
Assist in monitoring the financial performance of a given area of activity versus budgets.
Closely interact with accounting section in order to be up-to-date about the actual financial results.
Conduct In-depth analysis of actual financial results in order to provide basic data for various variance analyses (e.g. static-budget
variance, flexible-budget variance) between actual cost and budget.
Highlight active points to various sections concerning the budget and variance analysis to ensure alignment with forecasted budget at all time.