Spec: Budgeting, Forecasting & Reporting needed at BCX

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

• Budgeting Principles and Processes
• Financial Accounting
• Reporting
• Financial Governance
• Risk and Control

Core Behavioural Competencies

• Developing and implementing account plan or strategy
• People / Team Leadership
• Decision Making
• Meeting customer expectations
• Communication and Impact
• Job Match

Minimum Qualifications

• NQF 6: 3 year Degree/ Diploma/ National Diploma in Finance/Accounting or Business/ Commerce
• OR NQF 4: Grade 12

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

• None

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

• Non-Billable
• Hybrid Remote Worker