Forecasting & Budgeting Officer

Structure

Forecasting & Budgeting Team 1

Job posted on

Mar 03, 2025

Employee Type

Full Time

Experience range (Years)

1 year - 5 years

**Job title**
- Budgeting, Forecasting and Performance Mgt. Officer

**Span**

**Function**
- Finance

**Job Family**

**Reporting to (position)**
- Budgeting, Forecasting and Performance Mgt. Manager

**Direct Reportees**

**Purpose Statement**
- Support the Budgeting, Forecasting and Performance Mgmt Lead in meeting the budgeting, forecasting and reporting requirements of the Group to effectively track performance, support business decisions and improve overall performance and efficiency

**Key Role & Responsibilities**
- Assist in implementing the annual budget and forecast for the organisation
- Assist in the financial planning process, soliciting inputs from concerned departments. Assist in developing short and medium-term forecasts
- Execution of the management reporting process to accurately reflect current and forecasted business performance
- Stay aware of advanced budgeting and forecasting technologies and their applicability to the organization
- Generate ad-hoc and regular reports as instructed by the MIS & Reporting Lead
- Assist the MIS & Reporting Lead in creating dashboards and corresponding analysis of data:

- Daily interim P&L
- Support Planning, Budgeting and forecasting cycle
- Support reporting & analysis
- Requirements on budgeting, forecasting, variances etc.
- Data preparation for analytics, cost, revenue, profitability, risk, new business etc.
- Dashboard creation and maintenance
- Prepare formats for reporting and ensure they capture all key financial information
- Create ad-hoc reports as requested by the user
- Conduct trainings, whenever required, on MIS activities for employees of other functions for their skill development
- Recommend new technology tools to improve reporting efficiency and standards
- Ensure regular servicing and maintenance of the MIS system is undertaken to ensure operational efficiency
- Analysis of finance plans, MIS and performance and provide insights and analysis, and collaboratively develop reasoning to support key decisions and targets
- Ensure adequate support is provided to the audit team, whenever needed
- Drive a culture of continuous improvement and undertake continuous improvement projects

**Internal & External Relationship**

**Function / Agency**

**Purpose of Interaction**

**Frequency**
- IT
- Liaise with IT to resolve any technology related issues affecting working of MIS & Reporting function
- Work closely with IT to ensure continuous system improvements towards increasing efficiency of processing
- As per defined cadence & Ad hoc requirements
- Business, Finance
- Manage relationships with multiple internal and external stakeholders with the objective of meeting delivery as
per the agreed parameters and solving business problems
- To drive change management for process improvement opportunities
- As per defined cadence & Ad hoc requirements
- Auditors
- Ensure appropriate responses are made to audit observations and corrective and preventive actions are taken
- As per Audit calendar

**Job specification**

**Experience**
- 6-8 years of experience in managing Financial MIS & Reporting function, preferably in the manufacturing / chemical industry

**Qualification**
- Master’s degree in Finance, Accounting or a related field

**Certifications/Trainings**

**Competencies**

**Behavioural**
- Proven team & stakeholder management and leadership skills
- Excellent communication skills - written and verbal
- Comfortable working in a high-pressure environment and managing competing deadlines
- Demonstrate Aarti Values: Care, Integrity & Excellence

**Functional**
- Clear understanding of financial accounting and compliance
- In depth knowledge of cost analysis, budgeting, forecasting and variance reporting
- Proficient in SAP / MS Excel / Analytics tool / BI Visualization tool
- Expert knowledge of SAP