Chief Budget and Cost Analyst

Dubai Corporation For Ambulance Services; Abu Dhabi; On-site; AED 180,000 - 300,000; Full time

Job summary

Dubai Corporation For Ambulance Services is seeking a Budget Analyst to meticulously analyze financial budgets, measure efficiency of resource allocation, and ensure alignment with strategic priorities.

You will prepare and assess financial feasibility studies for projects, evaluate service fees, and provide pricing support to aid decision-making while identifying key financial risks and controls.

Qualifications

• Master's degree in Accounting or equivalent required.
• Bachelor's degree with extensive experience in budget analysis.
• 6+ years for master's; 8+ years for bachelor's in budget analysis.

Responsibilities

• Analyze budget details to measure efficiency of resource allocation.
• Prepare financial feasibility studies for projects and initiatives.
• Assess service fees feasibility and support pricing decisions.
• Identify financial risks and propose controls to prevent overspending.
• Contribute to annual organizational budget in coordination with units.
• Analyze variances between approved budgets and actual expenditure.
• Forecast future trends using financial and statistical models.
• Monitor budget compliance and propose corrective actions.

Skills

Budget analysis

Financial forecasting

Financial modeling

Education

Master's degree in Accounting

Bachelor's degree in Accounting

Job description

Job description

1. Analyze the financial budget in detail to measure the efficiency of financial resource allocation and its alignment with strategic and operational priorities.
2. Prepare and assess financial feasibility studies for projects and initiatives by analyzing budgets, estimated and operational costs, and measuring expected financial impacts.
3. Prepare and assess the financial and economic feasibility of service fees and charges; provide financial technical support to consultancy firms; and review their deliverables and recommendations to support effective pricing and decision-making.
4. Assess financial risks related to the budget and propose the necessary solutions and controls to limit overspending and financial waste.
5. Contribute to preparing the organization's annual financial budget in coordination with the relevant organizational units.
6. Prepare analytical studies of financial variances by comparing the approved budget with actual expenditure, identifying the root causes of variances, and recommending corrective actions.
7. Study and analyze historical spending patterns and forecast future trends using financial and statistical models to support future financial planning.
8. Monitor compliance with approved budget items and analyze spending patterns, identify financial variances, analyze their causes, and propose corrective actions.

A master's or bachelor's degree in Accounting, or an equivalent qualification.

Experience

• A master's degree requires 6 years of experience in budget analysis and financial feasibility studies, or equivalent experience.
• A bachelor's degree requires 8 years of experience in budget analysis and financial feasibility studies, or equivalent experience.