Job description
Role Overview
Infrastructure & Operations Budgeting Assistant Manager at stc, responsible for financial and project performance monitoring, budget planning, and strategic financial direction for Infrastructure and Operations.
Role Purpose
The role holder is responsible for monitoring and reviewing financial performance and project performance of Infrastructure and Operations, and to set financial plan guidelines and communicate targets to ensure Infrastructure and Operations have clear long-term direction in the form of approved financial plans. The role holder monitors the progress of budget implementation through variance analysis and assesses and prepares Infrastructure budget annually, carrying out duties in accordance with stipulated business policies and procedures.
Key Responsibilities
Financial and Budget Performance Monitoring
- Monitor and review financial performance of Infrastructure and Operations, evaluate results against strategic objectives and provide recommendations
- Monitor and review budget performance of Infrastructure and Operations, evaluate results against strategic objectives and provide recommendations
- Monitor and review the performance of Infrastructure and Operations, evaluate results against provided budget and objectives and provide recommendations if necessary
Planning and Forecasting
- Compile periodic and year-end planning and forecasting reports in line with corporate requirements
- Develop capex plan
Financial Plan and Budget Guidelines
- Set financial plan guidelines and communicate targets to ensure Infrastructure and Operations have clear long-term direction in the form of approved financial plans
- Set budget plan guidelines and communicate targets to ensure Infrastructure and Operations have clear long-term direction in the form of approved budget targets
Financial Analysis
- Provide analysis of the financial plans in terms of KPIs, covering areas such as return on capital, profitability, growth, efficiency of capital employed, capital structure, liquidity, and free cash flows
- Review and consolidate budget estimates received from Infrastructure and Operations to assess whether they comply with agreed plans and other strategic guidelines on expenditure
Budget Requests and Envelopes
- Review and analyze ad-hoc budget requests covering CAPEX and OPEX
- Develop and distribute CAPEX and OPEX envelopes
- Review PO extension requests received from sectors and approve as per authority matrix defined in HUB system
Cost Optimization and Project Management
- Monitor and review cost optimization efforts during budget review and follow up on Infrastructure and Operations adherence to cost optimization efforts
- Consolidate variance reports for all CapEx and Operations & Maintenance projects
- Contribute effectively in capex and business efficiency programs with concerned responsible parties
Qualifications & Experience
- 5 or more years of experience
- Prior experience in Infrastructure Budgeting and specifically in the telecommunication function is strongly preferred
- Bachelor Degree in Finance or Business Administration
- Professional certifications such as CFA or CPA are preferred
Additional Information
- Job Band: Senior Professional