Job Description
Mission:
- To collect, analyze, and develop budget and forecast reports and monthly reports based on business plans.
- To analyze, monitor, and escalate issues related to business plans submitted to finance planning.
Roles and Responsibilities:
- To liaise with the commercial division and finance in the overall business planning process.
- To support team members in any financial request related to revenue and cost of sales.
- To develop annual budget and monthly forecast figures regarding submitted business plans.
- To review divisional motivations related to revenue and cost of sales and ensure their alignment and accuracy with the business plan budget.
- To upload business plan information in ERP and ABC tool and Hyperion planning, ensure all revenue and cost of sales KPIs and ratios are in line with monthly reports, Hyperion, and ABC, and escalate issues to the management.
- To analyze new revenue and cost of sales lines and inform budget accountant for reporting purposes.
- To gather a detailed listing of all drivers and assumptions for business plans from the revenue team to determine gross margin.
- To collect monthly reports of business plans from the commercial division, review forecasted data, conduct cross-checking on actual information with MIR report and prepare reports on actual vs. budget variance.
- To prepare any reports for usage and revenue according to business plan budget and do cross checking to ensure the report is realistic based on current trends.
- To participate in finance product analysis team meetings, understand new products and provide meeting with necessary information about budget.
- To cooperate with team in gathering non-financial information up to gross margin level for preparing presentations.
- To prepare PowerPoint Budget pack slides and ensure their alignment with their business plans, also prepare necessary slides for business plan.
- To support management in preparing requested analysis on business plan scenarios and ad-hoc reports.
- To monitor and check Commercial division budget coordinators activities to ensure they conform to standard working policies, processes and procedures.
- To ensure divisions’ compliance with all submission deadlines and reporting requirements.
