Job Description

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.

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

Budget Monitoring

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

Financial Analysis & Reporting

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

Cost Monitoring

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

Financial Planning Support

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

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

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

Skills

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

Key Performance Indicators (KPIs)

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