Budget and Cost Controller

Job Purpose

• The Budget and Cost Controller is responsible for preparing, monitoring, and controlling the company’s budget and financial performance.
• The role focuses on analyzing actual results versus budget, identifying variances, and supporting management with clear financial reporting and cost analysis.
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Key Responsibilities

Budget Preparation

• Participate in preparing the annual budget for all departments
• Coordinate with department managers to collect budget data
• Ensure consistency and accuracy of budget assumptions
• Maintain the budget structure and documentation

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Budget Monitoring

• Monitor actual performance against the approved budget
• Track monthly budget utilization across departments
• Identify and analyze budget variances

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Financial Analysis & Reporting

• Prepare periodic budget performance reports
• Provide clear analysis explaining major variances
• Support management discussions with structured financial information

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Cost Monitoring

• Monitor operational and overhead costs
• Analyze cost trends and identify potential cost-saving opportunities
• Support the development of a structured costing system

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Financial Planning Support

• Assist management in financial planning and forecasting
• Provide financial analysis required for decision making
• Support preparation of financial projections when required

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Coordination

• Coordinate with accounting team to ensure accuracy of financial data
• Work closely with operations and production teams for cost monitoring
• Ensure alignment between financial data and operational activities

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Requirements

Required Qualifications

• Bachelor’s degree in Accounting, Finance, or related field
• Not less than 7 years of experience in budgeting, financial analysis, or cost control
• Strong knowledge of budgeting and financial reporting
• Good understanding of costing concepts in operational environments
• Strong working knowledge of Microsoft Excel

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Skills

• Strong analytical and financial modeling skills
• Attention to detail
• Ability to interpret financial data clearly
• Communication and coordination skills
• Professional integrity

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Key Performance Indicators (KPIs)

• Accuracy of budget preparation
• Quality of variance analysis
• Timeliness of budget monitoring reports
• Effectiveness of financial insights provided to management