Job Purpose
- The Budgeting Manager leads the end-to-end budgeting, forecasting, and financial planning cycle to ensure strategic resource allocation, cost efficiency, and financial sustainability. The role partners with business leaders to translate operational goals into measurable financial plans, drives data-driven insights through advanced analytics, and ensures compliance with corporate financial governance standards and IFRS.
- The role oversees the preparation, analysis, and consolidation of annual budgets and periodic forecasts, provides data-driven insights to support strategic decision-making, and ensures financial discipline across all business units.
- The Budgeting Manager works closely with senior leadership and operational teams to evaluate financial trends, advise on cost-optimization initiatives, and maintain compliance with financial policies, accounting standards, and internal controls to support long-term organizational sustainability and growth.
Roles, Responsibilities, Duties
- Strategic Budget Planning & Alignment
- Lead the full cycle budgeting process, ensuring alignment with corporate strategy, business plans, and financial objectives.
- Establish and communicate budgeting standards, guidelines, and timelines across all departments.
- Conduct detailed reviews and challenge budget submissions to ensure accuracy, efficiency, and strategic alignment.
- Develop long-term financial plans and scenarios to support strategic and investment decision-making.
- Financial Forecasting & Insightful Reporting
- Oversee periodic financial forecasting, incorporating operational performance, market dynamics, and economic indicators.
- Deliver high-quality budget reports and executive dashboards with clear insights, risk indicators, and action recommendations.
- Analyze budget variances, highlight emerging trends, and propose corrective measures to maintain financial discipline.
- Present budget insights and performance reports to senior management and executive leadership.
- Cost Leadership & Financial Efficiency
- Monitor budget utilization and spending control to ensure compliance with financial targets and approved allocations.
- Drive cost-optimization initiatives, identifying efficiency opportunities across business units and functions.
- Lead financial modelling, feasibility studies, and business case evaluations for capital investments, new initiatives, and operational programs.
- Governance, Compliance & Risk Management
- Ensure adherence to corporate financial policies, internal controls, and regulatory requirements.
- Partner with internal and external audit teams, provide required documentation, and implement corrective financial controls when needed.
- Establish and track budget KPIs and financial performance metrics to reinforce accountability across the business.
- Proactively identify financial risks and propose mitigation strategies.
Education & Qualification:
- Bachelor's degree in Finance, Accounting, Economics, or Business Administration (required).
- Professional certification preferred (CMA, CPA, ACCA, or CIMA).
Master's degree / MBA in Finance is an advantage.
Experience and skills:
Industry Experience (No. of years):
- Minimum 7+ years of experience in budgeting, financial planning, or corporate finance.
Position/functional experience (No. of years):
- Minimum 3+ years in a budgeting or financial planning leadership role, managing budgets, forecasts, and financial analysis.
