✨ AI Summary
The Budgeting & Cost Control role involves preparing and monitoring annual budgets, tracking budget utilization, and analyzing variances. The successful candidate will also monitor operational and overhead costs, identify cost-saving opportunities, and support financial planning and forecasting. This position requires close coordination with accounting, operations, and production teams to ensure financial data accuracy and alignment with operational activities.
Requirements
Bachelor's degree in Accounting, Finance, or related field. Minimum 7 years of experience in budgeting, financial analysis, or cost control. Strong knowledge of budgeting, financial reporting, and costing concepts in operational environments. Proficient in Microsoft Excel.
Description
Job DescriptionKey ResponsibilitiesBudget PreparationParticipate in preparing the annual budget for all departmentsCoordinate with department managers to collect budget dataEnsure consistency and accuracy of budget assumptionsMaintain the budget structure and documentationBudget MonitoringMonitor actual performance against the approved budgetTrack monthly budget utilization across departmentsIdentify and analyze budget variancesFinancial Analysis & ReportingPrepare periodic budget performance reportsProvide clear analysis explaining major variancesSupport management discussions with structured financial informationCost MonitoringMonitor operational and overhead costsAnalyze cost trends and identify potential cost-saving opportunitiesSupport the development of a structured costing systemFinancial Planning SupportAssist management in financial planning and forecastingProvide financial analysis required for decision makingSupport preparation of financial projections when requiredCoordinationCoordinate with accounting team to ensure accuracy of financial dataWork closely with operations and production teams for cost monitoringEnsure alignment between financial data and operational activitiesRequired QualificationsBachelor's degree in Accounting, Finance, or related fieldNot less than 7 years of experience in budgeting, financial analysis, or cost controlStrong knowledge of budgeting and financial reportingGood understanding of costing concepts in operational environmentsStrong working knowledge of Microsoft Excel