Job Purpose
The Financial Planning and Budgeting Supervisor is a key partner in the budgeting and forecasting process for Semirara Mining and Power Corporation's coal segment. The primary focus is to support and oversee the development, review, and refinement of annual budgets and forecasts while performing insightful financial analysis on planned versus actual results. This role ensures that departmental initiatives align with strategic company goals and financial performance targets.
Job Summary
- Coordination & Collaboration: Work closely with various departments and department heads to collect, consolidate, and review budget proposals, revisions, and additional funding requests.
- Financial Analysis: Conduct detailed analyses of budget utilization, track variance between planned and actual results, and recommend improvements to optimize financial performance.
- Reporting: Prepare comprehensive departmental reports and presentations for management review, ensuring clarity and actionable insights.
- Process Improvement: Identify opportunities for standardization and automation within the budgeting and forecasting process to enhance accuracy and efficiency.
- Interdepartmental Liaison: Serve as a central point of contact in the budgeting cycle, ensuring seamless communication and adherence to deadlines.
Key Responsibilities
- Budgeting & Forecasting:
- Assist in the design and implementation of the annual budgeting and forecasting process.
- Collaborate with department heads to gather necessary financial inputs and ensure their integration into the overall budget.
- Support the consolidation and finalization of the annual budget.
- Financial Analysis & Reporting:
- Analyze budget utilization reports and investigate discrepancies between forecasted and actual financial performance.
- Prepare variance analysis reports and provide recommendations to address any budgetary challenges.
- Present findings to senior management and other stakeholders in a clear and concise manner.
- Process Management:
- Monitor deadlines and ensure timely completion of budgeting tasks.
- Drive initiatives to continuously improve budgeting methodologies and forecasting techniques.
- Maintain rigorous controls and documentation to support transparent financial practices.
- Cross-Department Collaboration:
- Interact with various departments to understand their financial needs and constraints.
- Assist in the development of comprehensive reports that inform strategic decision-making across the organization.
Qualifications
- Education:
- Bachelor of Science in Accountancy.
- Certified Public Accountant (CPA) is preferred.
- Additional certifications (e.g., CFA, CMA) are advantageous but not required.
- Experience:
- At least 5 years of professional experience in accounting.
- Minimum of 3 years in a supervisory or leadership role.
- Experience in the mining industry is an advantage.
Required Skills & Competencies
- Analytical & Critical Thinking: Ability to dissect complex financial data, conduct variance analysis, and drive actionable recommendations.
- Organizational Skills: Exceptional capability to manage multiple tasks and deadlines in a high-paced environment.
- Attention to Detail: A meticulous approach to financial reporting and budget management.
- Interpersonal & Communication: Proven ability to work collaboratively with cross-functional teams and explain financial data effectively to non-financial stakeholders.
- Initiative: A proactive mindset in identifying areas for improvement and implementing best practices in financial planning and analysis.
