Budget Controller
New Cairo, Cairo
Budget Controller
New Cairo, CairoPosted 5 hours ago- 0Viewed
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Job Details
Skills And Tools:
Job Description
Job Summary:
The Budget Controller is responsible for the creation, tracking, and management of the company’s annual budget. This role involves working closely with department heads to ensure budgets are aligned with the company’s financial goals. The Budget Controller conducts regular variance analysis, monitors budget performance, and recommends corrective actions where necessary to keep the company on track to meet its financial targets.
A. Budget Development & Planning:
- Lead the development of the company’s annual budget, working closely with department heads to ensure alignment with strategic goals.
- • Ensure the budget reflects realistic revenue and expenditure forecasts based on historical data, business trends, and market conditions.
B. Budget Monitoring & Control:
- Track actual spending against the budget on a monthly, quarterly, and annual basis.
- Ensure that budget allocations are adhered to, identifying any variances and investigating the causes of deviations.
C. Forecasting & Financial Planning:
- Provide regular updates on financial forecasts and projections, adjusting for changes in business conditions, market trends, or operational shifts.
- • Assist in the preparation of rolling forecasts and mid-year adjustments to account for unexpected changes or opportunities
D. Variance Analysis:
- Perform monthly variance analysis to compare budgeted figures with actual performance, identifying significant variances and investigating the reasons behind them.
- Present detailed reports to senior management, providing insights into the reasons for variances and their financial impact
Job Requirements
Required Skills & Qualifications:
• Bachelor’s degree in Accounting, or Finance.
• 3+ years of experience in budget planning, financial analysis, or accounting.
• Strong understanding of budgeting processes, variance analysis, and financial reporting.
• Proficiency in accounting software and Microsoft Excel (advanced level).
• Experience with financial forecasting and the development of financial plans.
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data and provide actionable insights.
• Detail-oriented with excellent organizational skills and the ability to manage multiple tasks and deadlines.
• Strong communication skills, with the ability to collaborate effectively with various departments and present financial data to senior leadership
• CMA would be a plus.
• Experience with ERP systems (preferably Odoo or similar).
• Familiarity with financial modeling, financial forecasting, and long-term planning
