Budget and Cost Controller

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.

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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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