Purpose of the Role:
The Budget Controller is responsible for managing the budgeting process, monitoring financial performance against plans, analyzing variances, and providing insights to support strategic financial decisions. This role ensures alignment between financial planning and operational performance while maintaining strong financial control and accurate reporting across all departments.
Key Accountabilities:
Budgeting & Forecasting
- Manage annual budgets and quarterly forecasts across departments.
- Consolidate and validate budget submissions to align with strategic objectives.
- Provide guidance, templates, and support to departments during budget preparation.
Financial Analysis & Reporting
- Monitor actual performance against budget and prepare variance analysis reports.
- Analyze financial data to detect trends, risks, and opportunities, providing actionable recommendations.
- Prepare monthly budget utilization reports and highlight areas of risk or overspending.
Problem Solving & Decision Making
- Identify reasons for budget variances and coordinate corrective actions with department heads.
- Suggest financial strategies and cost-saving opportunities to improve profitability.
- Reconcile discrepancies between operational activities and financial projections.
Compliance & Governance
- Ensure adherence to internal controls, financial policies, and governance standards.
- Support audits and compliance reviews with complete and accurate documentation.
- Maintain accurate records of all budget submissions, approvals, and changes.
Collaboration & Stakeholder Management
- Liaise with all internal departments including Supply Chain, Sales, Marketing, HR, Operations, and Cost Control.
- Work with external auditors and consultants to support financial integrity and reporting accuracy.
Qualifications:
Education:
- Bachelor's degree in Accounting, Finance, or Business Administration.
- Professional certification (CMA, CPA, CFA) is a strong advantage.
Experience:
- 58 years in budgeting, financial analysis, or business planning, preferably in a supervisory role.
- Proficiency in Excel, ERP systems (Microsoft Dynamics AX, SAP, Oracle), and business intelligence tools (Power BI, Tableau).
- Strong knowledge of IFRS, budget cycles, and investment analysis.
Skills & Competencies:
- Deep understanding of budgeting, forecasting, and financial modeling.
- Strong analytical, reporting, and stakeholder management skills.
- Excellent communication, collaboration, and problem-solving abilities.
- Ability to work in a fast-paced, cross-functional environment and meet deadlines.
