Job Purpose
- Assist in monitoring and reporting the Group’s financial performance vs. set budget, ensure not exceeding the allocated budget and submit regular reports to related parties regarding actual expenses vs. allocated budget.
- Monitoring and controlling the company’s adherence to promotion and investment authorized budgets set by the Principal.
Job Requirements
- Bachelor’s Degree in Finance or any other related field
Key responsibilities & accountabilities
- Participate in monthly meetings, to discuss key performance indicators results for the previous month and next month targets, set needed action plans in case of deviation, discuss pending issues, obstacles to be resolved and improvement ideas that would enhance the department performance.
- Participate with the budgeting team in collecting all needed historical data and department’s current needs, prepare consolidated sheet and submit to direct manager.
- Participate in preparing annual budget in coordination with the budgeting and financial planning team.
- Ensure proper control and monitoring for all expenses vs. allocated budget and ensure not exceeding allocated budget.
- Prepare monthly/quarterly/ annual financial reports related to the organization’s financial performance and communicate to Heads of Departments.
- Communicate with the Sales team any updates pertaining to the company pricing structure ensuring an effective and timely communication of such.
- Monitor the Sales team adherence to the approved pricing structure and any updates related to it, and coordinate with the concerned parties to solve any deviations.
- Update the ERP system with promotions, initiatives and co-marketing activities as per the allocation agreed upon with the brand & sales management.
- Assist in preparing promotions’ closing reports pertaining to promotional initiatives’ performance.
- Coordinate with all concerned parties ensuring the closure of any accounts pertaining to an ending-promotion initiative.
- Update the ERP system with Customers’ Incentive Plans.
- Monitor Customer Incentives Plans ensuring their alignment and compliance with the contracts signed with Customers.
- Update the ERP system with trade plans pertaining to investment, ensuring an accurate budget that considers all brands and customers included in such.
- Receive invoices and statement of accounts from Customers involved in Investment & Marketing rentals activities, and closes such via credit notes, discounts or any other methods as per the contracts signed with customers.
- Assist the Senior Financial Planning & Budgeting Officer in preparing summaries to share with the Principal.
- Collaborate with the Senior Financial Planning & Budgeting Officer on preparing financial claims pertaining to MCE & CCE won tenders
- Collaborate with the Senior Financial Planning & Budgeting Officer on preparing reconciliation reports for MCE & CCE awarded tenders and share with the principal.
- Assist the Senior Financial Planning & Budgeting Officer in monitoring remnants of unsold products from trade activities or promotions and coordinate with the Sales Team to liquidate
- Assist the Senior Financial Planning & Budgeting Officer in preparing a report related to trade activities and promotions remnants and send such to the Sales Team for further proceedings.
- Ensure a continuous and accurate update of the financial related information on the system.
- As requested by the direct supervisor, perform any additional tasks and duties within the scope of work and for the Company’s best interest.
