Spec: Budgeting, Forecasting & Reporting

Business Unit, Department, Reporting

Core Description

Provide support during the entire budgeting process, from the forecasting of the budget and the preparation of the budget plan through to reporting on expenditure against the budget.

Key Deliverables / Primary Functions

• Provide input into the budget forecasts for the respective business unit


• Prepare an annual budget plan and guideline document pack for distribution to the business unit


• Facilitate and coordinate the business unit’s budgeting process


• Develop pricing and cost estimates based on assumptions and direction from the proposal team.


• Prepare summaries that reflect financial projections related to business pursuits.


• Coordinate and review pricing results and assumptions with functional leadership and proposal teams.


• Participate in the development and presentation of review material to leadership and proposal teams.


• Complete other Pricing and related analysis as required.


• Educate key stakeholders regarding aligning budgets with the strategic objectives of the organisation and business unit


• Consult with business unit leaders and provide advice pertaining to budget planning and adjustments


•  Identify possible cost saving mechanisms and opportunities and advise business unit leaders thereof


• Ensure that the budget submissions are captured appropriately for allocation purposes


• Check that the approved budget reflects accurately once it has been captured


• Monitor expenditure and ensure that expenditure does not exceed budget. Control budget overspend and provide advice regarding underspends


• Prepare monthly management reports from the General Ledger of actual versus budget


•  Perform a monthly analysis of the business units’ expenditure against budget to ensure that sufficient funds are available


• Prepare a high-level monthly and quarterly report for use by the management committees 

Core Functional Skills & Knowledge

Core Behavioural Competencies

Minimum Qualifications

Additional Qualification preferred or advantage

Experience

5 years of  experience in finance, Business Commerce, Accounting, or related field

Or 

If the highest qualification is grade 12,  7 years of  experience in finance, Business Commerce, Accounting, or related field

 

Certifications

Professional Memberships in Relevant Industry

Level of Engagement & Span of Control

Interact with similar levels, Executive Levels and various stakeholders within BCX and customers.

Special Requirements/ Employment Condition

Workplace/Physical Requirements