Top duties or activities with the approximate percentage of time spent on each duty in a given year. Not all tasks/steps performed are listed.
Major Duty/Responsibility of Job1.45%
Budgeting and Forecasting:
•Assist in executing the five year annual and revised budget process, which includes the five North American entities. Requires planning at the various levels such as customer, customer programs, each North American entity and consolidated entities.
•Prepare the appropriate templates for budgeting and forecasting.
•Facilitate internal resources and departments within the entities to explain the expectations of the budget process and addresses any questions regarding the process.
•Complie with the approved policy of budgeting regarding the deadlines and the management of the budgeting process.
•Ensure timely receipt of department/entity budget estimates and critically examines them for accuracy, completeness, and conformance with established procedures, regulations, and organizational objectives.
•Review previous budgets and calculates benefits / losses incurred during the previous financial years related to budget planning.
•Analize and clarify the main point of changes from previous year/budget/actual trend; provides recommendations for amendments or changes in the budget to leadership.
•Consolidate the data for budget presentation and provides an overview of the financial status of all operations.
•Update ERP System with budget / forecast data.
•Facilitate/Support D&D contracts preparation/updates working with Engineering and Business Development sections; making sure the accuracy of the calculation.
•Assist in developing transfer pricing for products within North American entities and between other company-related entities. 2.40%
Monitoring and Maintenance:
•Monitor the budget regularly throughout the year; analyze and clarify the cause of the variances or countermeasures to close the issues; prepare the monthly budget vs. actual report for leadership.
•Assist in the establishment of consistency between the locations when setting the standards and proper utilization of the monthly plan vs. actual reporting system.
•Support financial planning and reporting of profitability by customer programs and all other North America businesses.
•Work with Engineering and Business Development to track D&D expenditures in comparison to the budget/contract.
•Assist in improving the accuracy of program basis profit. 3.15%
Continuous Improvement and Other Related Tasks:
•Review departmental/entity level processes, systems, and reporting. Conduct independent investigation to research, analyze, and formulate recommended solutions; assists in the analysis and implementation of solutions.
•Support and contributes to execute North American initiatives and projects as assigned and as related to department business plan objectives.
•Support the implementation of streamlining processes associated with budget, forecast, monthly & quarterly closing, engineering development cost.