Budget and Reconciliation Manager

Black Pearl

Job description / Role

Our client, a well-known investment institution in the UAE, is currently looking for a Budget and Reconciliation Manager to be based in the UAE. For this role, the person will have the following responsibilities:

• Design effective budget models for departments and the entire company
• Analyze financial information (e.g. revenues, expenditures, and cash management) to ensure all operations are within budget
• Present annual budgets to senior managers
• Review budget requests for approval
• Forecast future budget needs
• Identify variances between actual and budgeted financial results at the end of each reporting period
• Suggest spending improvements that increase profits
• Review the company’s budget for compliance with legal regulations
• Ensure department managers meet budget submission deadlines
• Design and implement effective budgeting policies and procedures
• Manage reconciliations team to ensure bank reconciliations are conducted in an efficient, timely manner to a high standard.
• Act as a review for outstanding items appearing on the reconciliation’s which are settlement of our international payments to our agents and settlement of our foreign exchange trades.
• Input in development of underlying processes, reports and systems to facilitate ongoing improvement in efficiency and quality of reconciliations processes.
• Manage information flows to and from other areas of finance and the business to resolve reconciliation queries.
• Act as representative of reconciliation team for projects and change processes impacting banking and reconciliation processes.
• Development of the Bank cash reporting functionality & management.
• Development of ongoing training for all members of the reconciliation team to ensure suitable skill set and ongoing personal development.
• Provide local point of contact for banking related queries.
• Suggest improvement in system and process based on observation made do cause analysis.
• Ensure proper back up records of Reconciliation statement.
• Assistance with finance and investment projects & assignments as required.

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