Budgeting & Forecasting
- Propagate the approved budget throughout the organization and explain issues as requested;
- Compare actual to budgeted results at the end of each reporting period;
- Submit budget reports to the higher management of the organization for further scrutiny and approval in according with the approved policy;
- Assist in projecting financial needs, take into considerations of various projects, and help higher levels in management of financial resources
- Make the necessary update of the plan according to any material changes in the business or regulations which may affect forecast.
- Act as an advisor to department managers and well coordinate with in formulating their budget submissions;
- Consolidate the data for budget presentation and also provide an overview of the financial status of all the operations;
- Design and implement effective budgeting policies and procedures for departments and the entire company;
- Prepare the appropriate templates for the budget by all concerned departments;
- Prepare detailed reports pertaining to discrepancies and amendments that occurred in the budget, during the entire financial year;
- Monitor the budget through the year;
- Receive the budget estimates from all the departments of the organization and critically examines them for correctness, accuracy and completeness;
- Examine whether budget submissions can be achieved based on known capacity constraints and inform management of potential problem areas;
- Comply approved policy of budgeting regarding the deadlines and the management of the budgeting process;
- Suggest suitable amendments in the budget to the higher authorities and managerial staff of the concerned department(s);
- Ensure no calculation errors by reviewing the budget model continuously, and update the budget model as requested to account for significant changes in the business environment;
- Analyze financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget;
- Render financial advice to the management officials, to undertake proper financial planning and decision making
BUSINESS OPERATION
- Research and analyze the external environment (Politics, Economy, Social, Technology, Innovation, Demographics, Geo-environment, Energy, etc.)
- Define, develop and implement business planning processes. Evaluate product profitability of Retail products
- Ensure all departments’ operation kept on and same tract committed for company vision by overseeing and making alarm as well as suggesting appropriate countermeasures timely;
- Assist in preparing strategic plan by analyzing trends and forecast.
- Ensure business and operation of entire company & each department well understood;
- Be responsible for quality assurance of management meetings and relevant reports;
- Ensure all requests for support from all departments received and resolved with best effort;
- Propose changes needed to eliminate elements that impede the increase of profitability, productivity, employee retention, customer metrics, etc. which may affect to company goal;
- Coordinate with Accounting & Financing department for a healthy financial status;
- Engage and take responsibility in process of changes which have certain affect to company operation & business.
- Ensure regular submission of activities reports to management and related departments including result, analysis, and advice/alarm on potential issues and recommend remedial actions;
GENERAL
- Perform other duties as may be assigned from time to time.
- Be flexible with the working patterns as when required;
- Ensure all activities are compliant with standard reporting requirements and audits;
- Undertake any training provided by the company;
- Promote a zero-tolerance for violations of compliance policy & standard procedure;
- Remain calm, in control and good humored even under pressure
- Support any business change for the profit of the company;
