
Cost Optimization Specialist
6 days ago
The ideal candidate will have an MBA in Accounts / Finance or ACCA and at least 04 years of relevant experience to perform the following responsibilities:
- Budget Preparation and Communication: Collaborate with SSGC departments and budget owners to monitor and record budget revisions throughout the year.
- Compliance Monitoring: Ensure compliance with revenue and expense budget policies, and prepare drafts for policy improvements.
- Liaison and Coordination: Support DGM Budgets and MIS in maintaining liaison with SSGC departments to ensure financial continuity, accuracy, and adherence to key processes.
- Process Improvement: Implement new initiatives to streamline budget reports, improve timeliness, and enhance report usefulness.
- Financial System Setup: Establish revenue, expense, and capital project accounts in the computerized financial system as advised by the immediate supervisor.
- Budget Submission Review: Collect and organize proposed budget submissions, check for accuracy and completeness, and identify errors and omissions.
- Error Resolution: Coordinate with departments to obtain clarifications or adjustments for apparent errors or omissions, or as advised by the immediate supervisor.
- Budget Consolidation: Consolidate budgets for the organization and ensure consistency in planned cash inflows and outflows.
- Report Analysis: Extract reports to compare actual to budgeted results, highlighting significant variances.
- Variance Analysis Report: Prepare detailed variance analysis reports of actuals against annual budget plans for cost, sales, collection targets, and GLs.
- Draft Recommendations: Present and explain budgetary and financial analyses, and draft recommendations for departments and senior management regarding budgetary gaps or funding requirements.
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