✨ AI Summary
The Budget and Cost Controller is responsible for preparing, monitoring, and controlling the company's budget and financial performance. This role involves analyzing actual results against the budget, identifying variances, and providing management with clear financial reporting and cost analysis. Key responsibilities include budget preparation and coordination with department managers, tracking budget utilization, identifying and analyzing variances, preparing periodic budget performance reports, and monitoring operational and overhead costs. The position also supports financial planning and forecasting, requiring coordination with the accounting team and operational departments to ensure data accuracy and alignment.
Requirements
Requires a Bachelor's degree in Accounting, Finance, or a related field with at least 7 years of experience in budgeting, financial analysis, or cost control. Must have strong knowledge of budgeting and financial reporting, a good understanding of costing concepts in operational environments, and strong proficiency in Microsoft Excel.
Description
Job PurposeThe Budget and Cost Controller is responsible for preparing, monitoring, and controlling the company's budget and financial performance.The role focuses on analyzing actual results versus budget, identifying variances, and supporting management with clear financial reporting and cost analysis.________________________________________Key ResponsibilitiesBudget Preparation Participate in preparing the annual budget for all departments Coordinate with department managers to collect budget data Ensure consistency and accuracy of budget assumptions Maintain the budget structure and documentation________________________________________Budget Monitoring Monitor actual performance against the approved budget Track monthly budget utilization across departments Identify and analyze budget variances________________________________________Financial Analysis & Reporting Prepare periodic budget performance reports Provide clear analysis explaining major variances Support management discussions with structured financial information________________________________________Cost Monitoring Monitor operational and overhead costs Analyze cost trends and identify potential cost-saving opportunities Support the development of a structured costing system________________________________________Financial Planning Support Assist management in financial planning and forecasting Provide financial analysis required for decision making Support preparation of financial projections when required________________________________________Coordination Coordinate with accounting team to ensure accuracy of financial data Work closely with operations and production teams for cost monitoring Ensure alignment between financial data and operational activities________________________________________RequirementsRequired Qualifications Bachelor's degree in Accounting, Finance, or related field Not less than 7 years of experience in budgeting, financial analysis, or cost control Strong knowledge of budgeting and financial reporting Good understanding of costing concepts in operational environments Strong working knowledge of Microsoft Excel________________________________________Skills Strong analytical and financial modeling skills Attention to detail Ability to interpret financial data clearly Communication and coordination skills Professional integrity________________________________________Key Performance Indicators (KPIs) Accuracy of budget preparation Quality of variance analysis Timeliness of budget monitoring reports Effectiveness of financial insights provided to management