Job Purpose:The Budget Controller – Assistant Manager is responsible for leading and supervising the budgeting and forecasting processes, ensuring strong financial governance, and supporting management with high-quality financial insights for strategic decision-making. The role ensures alignment between financial planning and operational performance while maintaining strict financial control and discipline across the organization.
Accountabilities:1) Know-How Section• Lead and supervise the annual budgeting and periodic forecasting processes across all departments. • Consolidate, review, and challenge budget submissions to ensure alignment with strategic objectives and Annual Operating Plan (AOP) targets. • Support departments in budget preparation by providing guidelines, templates, and technical assistance. • Monitor actual performance against budget and generate detailed variance analysis reports. • Review and analyze financial data to detect trends and provide actionable recommendations. • Lead the preparation of financial plans, forecasts, and long-term strategic financial models. • Ensure compliance with internal controls and financial governance standards. • Prepare monthly budget utilization reports and highlight areas of risk or overspending. • Maintain accurate records of all budget submissions, approvals, and changes.
2) Problem-Solving Section• Identify and lead the analysis of budget variances, initiating corrective actions with department heads. • Address budget-related issues across functions and support realignment with financial goals. • Reconcile discrepancies between operational activities and financial projections. • Recommend financial strategies and cost-saving initiatives to improve profitability. • Troubleshoot system or process bottlenecks affecting data accuracy or timeliness.
3) Accountability Section• Ensure budgets and forecasts are prepared, reviewed, and submitted within defined timelines. • Guarantee data integrity across all planning and reporting systems. • Monitor spending and ensure adherence to approved budgets. • Support audit and compliance functions with complete, accurate, and well-documented records.
Qualifications:• Bachelor’s degree in accounting, Finance, or Business Administration. • Professional certification (e.g., CMA, CPA, CFA) is a strong advantage. • 6+ years of experience in financial planning, budgeting, or financial control. • Strong experience in budgeting, forecasting, and financial consolidation. • Proficient in Excel and ERP systems (Microsoft Dynamics AX, SAP, Oracle, etc.). • Experience in financial modeling and business intelligence tools (e.g., Power BI, Tableau). • Deep knowledge of IFRS, budget cycles, and investment analysis. • Strong analytical, reporting, and stakeholder management skills.