Manager, Budgeting & Reporting

The Manager of Budgeting & Planning is responsible for managing the coordination of DET's annual and quarterly budgeting and forecasting processes to align with strategic goals and comply with financial regulations. This role involves developing financial models for decision-making, conducting variance analysis, and enhancing financial reporting accuracy and timeliness.

The Manager will also manage monthly financial reports, ensure budget submission accuracy, and maintain financial compliance. Key duties include facilitating discussions with external auditors, overseeing treasury functions, and participating in policy refinement to improve operational efficiency. This position is crucial in supporting DET's strategic financial objectives and ensuring effective financial management practices.

Core Functional Responsibilities & Subject Matter Expertise

• Manage the coordination of the annual and quarterly budgeting and forecasting processes to align them with DET’s strategic goals while ensuring compliance with financial regulations.

• Manage the development of comprehensive financial models to support decision-making, incorporating scenario analysis and risk assessments.

• Manage conducting regular reviews of departmental budgets and financial plans, providing detailed variance analysis, and developing performance metrics to track against corporate objectives.

• Initiate cross-departmental initiatives aimed at enhancing the accuracy and timeliness of financial reporting and budgeting.

• Manage and facilitate the preparation, development, analysis, and consolidation of DET's annual budgets, coordinating approval processes with the Department of Finance.

• Prepare projected expenditure plans and periodic expense reports, analyzing financial performance to generate accurate projections and forecasts.

• Ensure the accuracy and completeness of budget submissions from DET’s business units, facilitating their alignment with strategic goals.

• Maintain compliance with financial strategies and policies, preparing financial statements and reports in accordance with local regulations.

• Serve as a primary point of contact for external auditors and stakeholders, facilitating financial discussions and ensuring effective information sharing.

• Manage and execute treasury activities to ensure funding for DET’s major financial requirements and monitor the tracking of financial transactions.

• Participate in updating and refining finance operations policies and procedures to enhance operational efficiency and compliance.

• Assist internal stakeholders in completing information and data submissions during the budget development period.

• Monitor budget utilization based on set indicators and criteria, assisting in the generation of detailed financial performance reports.

• Participate in the drafting and submission of sections for annual or governmental reports, ensuring accuracy and regulatory compliance.

• Conduct benchmarking studies to align DET's financial practices with the latest financial standards.

JOB REQUIREMENTS

Qualifications & Experience:

• Bachelor's degree in Finance, Accounting, Economics, or any related discipline. A Master's degree or MBA is highly preferred.

• Professional certifications such as Project Management Professional (PMP), CPA (Certified Public Accountant) or CMA (Certified Management Accountant), CFA (Chartered Financial Analyst) or FP&A (Certified Corporate Financial Planning & Analysis Professional), Association of Chartered Certified Accountants; are advantageous.

• A minimum of 8 years of experience in financial planning and analysis, with a minimum of 3-5 years in a managerial role overseeing budgeting and forecasting.

• Proven track record of coordinating annual and quarterly budgeting and forecasting processes in alignment with strategic goals and compliance with financial regulations.

• Extensive experience in developing and implementing comprehensive financial models that aid in strategic decision-making and risk management.

• Demonstrated ability to conduct in-depth variance analyses and develop financial metrics to track corporate objectives.

• Experience initiating and leading cross-departmental projects to improve the accuracy and timeliness of financial reporting.