Position Summary

This role consists of ensuring that the Finance Factory budget is produced in a timely manner and controlled throughout the financial year cycle. This includes reviewing, analyzing, and controlling all Finance Factory expenditures throughout the fiscal year.

You will play a key role in maintaining correct and up to date records of all expenses. This includes timely reporting of budget deviations.

As a Controlling Senior, you must develop and present monthly/quarterly and yearly financial update reports for each Finance Factory division to the Head of Performance Monitoring and the Performance Senior & Controlling Manager, including financial achievements and variations to budget.

Key Result Areas

• Design and implement effective budgeting standards and procedures to ensure Finance Factory spend discipline.
• Create strategies to optimize Finance Factory organization's budgets and spending.
• Monitor spending patterns and implement measures to promote adherence to budgets.
• Implement and maintain accounting and budgeting best practices.
• Provide financial analysis and strategic input to facilitate high-level decision-making.
• Formulate and develop both Finance Factory division and Finance Factory organization budgets with relevant stakeholders.
• Maintain solid relationships between the Finance Factory, the external auditors and the regulatory authorities. This include evaluating budget proposals and financial requests for viability.
• Report and explain budget decisions to relevant stakeholders.
• Develop and oversee budget planning and processes.
• Review and approve individual Finance Factory division budget requests.
• Allocate funds to different Finance Factory division and/or projects.
• Optimize budgets based on spend data and performance.
• Develop, present, and oversee Finance Factory budgets on an annual, quarterly, and monthly basis.
• Ensure all budgets and Finance Factory processes align with Finance Factory goals.
• Collaborate with executives, project managers, and cross-departmental leadership to set budget goals and ensure they are followed.
• Forecast financial needs throughout the year.
• Track results and comparing them to Budget targets. This includes identifying variances between actual and budgeted financial results at the end of each reporting period
• Prepare cost estimates and plans, while providing necessary reporting, documentation, and financial assessments.
• Identify, flag, and analyze potential financial and budgetary risks.
• Provide financial summaries, reports, and recommendations as needed.
• Monitor the status of budget spending/ Finance Factory activity
• Suggest spending improvements that increase profits
• Ensure department managers meet budget submission deadlines
• Attend company Budget meetings as required.
• Follow the requirements of the Delegation of Authority Matrix.
• Use Cost Controlling model in SAP CO (cost allocations, cost center structures, recharging).
• Support and steer Finance Factory divisions in understanding and managing their budget.

Key Skills

Communication

Excellent written and verbal communication.

Networking skills: Ability to liaise with members of other functions.

Strong interpersonal skills, with the ability to effectively interact with stakeholders at all levels of the organization.

Ability to create and deliver compelling presentations that effectively communicate meaningful information and ideas.

Management

Demonstrated leadership capabilities, including the ability to lead and develop a team of financial professionals.

Strong analytical and problem-solving abilities.

Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.

Openness and flexibility to address challenges from various perspectives in order to find the best possible way to manage the challenge.

Ability to work under pressure and meet tight deadlines.

Solid organizational skills including attention to detail and multi-tasking skills.

Excellent communication skills, with the ability to effectively convey complex technical concepts to both technical and non-technical stakeholders.

Ability to work collaboratively in a fast-paced environment, managing multiple priorities and deadlines effectively.

Finance

Strong understanding of financial principles, including budgeting, forecasting, and variance analysis.

Capable of critically evaluating KPIs/Metrics to derive meaningful, actionable insights.

Proven track record of driving financial performance through insightful analysis and strategic recommendations.

Proficiency in financial modeling and advanced Excel skills; experience with SAP or other ERP systems is a plus.

Working knowledge of business and financial data software

Higher education degree in finance, business administration, mathematics, engineering, or another quantitative field.

Experience with SAP CO and/or SAS, proficiency with MS Office suite

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Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.  We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Great to have you on board. Let's care for tomorrow.