Budget Specialist

Oman Investment Authority; Muscat; On-site; OMR 12,000 - 18,000; Full time

Job summary

Oman Investment Authority is seeking an experienced Budgeting & Financial Planning professional to lead annual budget preparation, forecasting, and variance analysis. You will coordinate with departments to compile budgets, monitor adherence, and provide insights for strategic decision-making.

The role emphasizes governance, process improvement, and cross‑functional collaboration within a dynamic finance team.

Qualifications

• Bachelor's degree in finance, accounting, economics or equivalent.
• Professional certification CMA, CIMA, ACCA or MBA Finance preferred.
• Minimum 6 years of relevant experience in accounting or similar.
• Strong budgeting and financial planning knowledge; cost control and variance analysis.

Responsibilities

• Budget Planning & Preparation: coordinate with departments to prepare annual budget and forecasts; consolidate budgets; align with strategic objectives.
• Budget Monitoring & Control: monitor actual performance vs. budgets; identify variances; suggest corrective actions; ensure cost control.
• Financial Analysis & Reporting: prepare budget reports, forecasts and variance analysis; develop financial models; evaluate investments.
• Coordination & Collaboration: liaise with department heads; coordinate with Accounting, Treasury, Procurement for data alignment; support audits.
• Systems & Process Management: support budgeting systems implementation; ensure data integrity.
• Continuous Improvement: identify opportunities to improve budgeting processes and reporting; suggest best practices.
• Policies, Systems, Procedures & Compliance: ensure adherence to finance policies and internal controls; data quality.

Skills

Budgeting

Forecasting

Financial modeling

ERP systems

Excel

Stakeholder management

Attention to detail

Education

Bachelor's degree in finance, accounting, economics

CMA, CIMA, ACCA, MBA Finance (preferred)

Tools

ERP systems

Job description

EMPLOYEE JOB DESCRIPTION

To support the planning preparation monitoring and control of ADC s annual budget and financial forecasts ensuring alignment with organizational objectives financial policies and regulatory requirements This role ensures accurate budgeting variance analysis and cost control to support effective financial decision-making

KEY ACCOUNTABILITIES

Description

Budget Planning amp Preparation

Coordinate with departments to prepare the annual budget and periodic forecasts Consolidate departmental budgets into the overall company budget Ensure alignment of budget submissions with strategic objectives

Budget Monitoring amp Control

Monitor actual performance against approved budgets and identify variances Analyze budget deviations and provide recommendations for corrective actions Ensure adherence to approved budget limits and cost control measures

Financial Analysis amp Reporting

Prepare periodic budget reports forecasts and variance analysis Support management with financial insights for decision-making Develop financial models and scenarios to support planning activities Evaluate investment opportunities and capital expenditures proposals Any ADHOC tasks as on required by the line manager

Coordination amp Collaboration

Liaise with department heads to ensure accurate budget inputs and updates Coordinate with Accounting Treasury and Procurement teams for financial data alignment Support internal and external audit requirements related to budgeting

Systems amp Process Management

Support the implementation and enhancement of budgeting systems and tools Ensure accuracy and integrity of data within budgeting systems

Continuous Improvement

Identify opportunities to improve budgeting processes and reporting efficiency Recommend best practices in budgeting and financial planning

Policies Systems Processes amp Procedures

Ensure compliance with finance policies procedures and internal controls

Quality Health Safety amp Environment

Ensure compliance to all relevant quality health safety and environmental management procedures and controls in all general ledger accounting activities to guarantee employee safety compliance delivery of high quality products service and a responsible environmental attitude

QUALIFICATIONS, EXPERIENCE & SKILLS:

Minimum Qualifications: Bachelor s degree in finance, Accounting, Economics, or equivalent Preferably professional certification (e.g., CMA, CIMA, ACCA, MBA Finance)

Minimum Experience: 6 years of relevant experience in accounting or similar work.

Skills Strong knowledge of budgeting and financial planning processes Financial modeling and analytical skills Proficiency in ERP systems and Excel Understanding of cost control and variance analysis Strong communication and stakeholder management skills Attention to detail and problem-solving ability