Senior Budget & Cost Control Specialist - Technology & Network Operations

Technology & Network Operations Division London, United Kingdom


Description

Position at Al Jazeera Media Network

Summary:

The Senior Budget and Cost control Specialist will play a key role in planning, preparing & managing budgeting & cost control activities including budget & forecast preparation, monitoring & reporting and ensure efficient utilization of Divisional Budget.

Contract Type: Freelance

Key Responsibilities and Accountabilities:

  • Assist the Section head in planning, analysing, preparing, managing & monitoring TNO OPEX and CAPEX Budget Globally.
  • Develop templates for budget planning & monitoring activities.
  • Oversee all budget related activities including but not limited to budget and forecast preparation, monitoring and budget reallocations.
  • Manages the Demand Management Process to plan, review, validate & prioritize financial requirements with relevant stakeholders.
  • Work with Directorates across the division to prepare and gather budget proposals, analyse and compile the Master Budget.
  • Work with stakeholders across division to plan, review, validate & prioritize financial requirements.
  • Monitors periodic Cash-flow reports by analysing actuals vs allocated, commitments & upcoming demands for planning & monitoring purposes.
  • Monitor budgets based on authority levels & limits and taking necessary actions to control and reduce cost.
  • Support month-end closing by ensuring that all expenses and provisions are booked to appropriate Accounts.
  • Implementation, Monitoring and Control of Budgets through timely reporting and meeting with department managers & Directors.
  • Preparation of variance analysis reports and investigating the reason for cost control purpose and to submit recommendations
  • Monitors end-to-end divisional Sales (Revenue Generation) process & activities to ensure all revenues generated are recorded and reported properly.
  • Liaises with relevant stakeholders, internal & external to ensure process requirements & guidelines are followed for revenue generation activities.
  • Shares periodic revenue generation report with the Management.
  • Works closely with business managers to maintain a focus on current and future financial needs to satisfy business growth
  • Develop tools, dashboards, and key performance indicators to support strategic decision making.
  • Support vendor negotiations and strategic partnership agreements.
  • Review business cases and aid in the development of initiatives through bench marketing, market research etc.
  • Provide key analytic and research support in the Division’s continuing reassessment of its development, optimization, investments, distribution strategies etc.
  • Assist Build effective relationships with executives and team members throughout the company
  • Assist Managers in preparing & submitting Monthly Budget Requirements – locations outside Doha
  • Designs and implements effective budgeting policies and procedures;
    • Informs department managers of due dates for the submission of budget information;
    • Acts as an advisor to department managers & directors in formulating their budget submissions;
    • Reviews proposed budget submissions from department managers for accuracy and completeness;
    • Examines whether budget submissions can be achieved based on known capacity constraints and informs management of potential problem areas;
    • Creates a consolidated budget for management approval;
    • Compares actual to budgeted results at the end of each reporting period, and reports on variances, and taking any appropriate action based on the analysis of the variances reports;
    • Other reporting requirements as advised from time to time.
  • Manages & Tracks TNO purchases & Third Party Invoices & Costs including but not limited to:
    • Newsgathering Contracts
    • Studio & Satellite Bookings
    • SLA Contracts
    • Ad-Hoc Services required by News
    • Credit Cards Requisitions & Billings
  • ASSET Management
    • Take delivery of new assets and co-ordinate paperwork with Procurement
    • Reconcile and tag new TNO assets & Hand off new assets to TNO teams after tagging and recording.
  • Maintain Vendors & Contracts Tracking Database
  • Review, Verify & Approve Staff Timesheets, Invoices & Payments
Job Requirements and Qualifications:
  • Bachelor Or Diploma in Finance, Accounting IT , Business Management field or any related discipline
  • Minimum 7 years of relevant professional experience
  • Proven knowledge of MS Excel (specifically, advanced formulas, pivot tables and charts);
  • Understanding of forecasting methods and data analysis;
  • Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles;
  • Ability to analyse financial data and prepare financial reports, statements and projections;
    Working knowledge of short and long-term budgeting and forecasting, budgeting methods, and product-line profitability analysis;
  • Advanced numeracy skills with an attention to detail.