Budget Control Specialist

Job Purpose
To support the Budgeting & Control Section Head in planning, preparing, and monitoring the
organization’s budget and rolling plan. Coordinate with departments, consolidate budgets, and
ensure adherence to financial plans. Provide financial analysis and insights to support effective
management decision-making and strategic alignment.
Key Tasks and Duties
1. Budget Preparation & Consolidation
• Assist in preparation and consolidation of the annual budget by collecting data from
departments and business lines.
• Coordinate with department heads to ensure timely and accurate submission of budget
proposals.
• Provide justifications and explanations to management for proposed budgets.
2. Monitoring & Performance Reporting
• Monitor departmental and overall budget performance to ensure alignment with approved
financial plans.
• Identify and analyze variances between actual and budgeted figures and report insights to
management.
• Support reforecasting efforts and ensure accurate and timely performance reporting
through monthly, quarterly, and periodic reports.
3. Financial & Strategic Analysis
• Conduct financial and transactional analysis to identify trends, cost-saving opportunities,
and performance improvement areas.
• Provide recommendations to improve budget efficiency and support strategic decision
making.
4. Cost Control & Optimization
• Implement and support cost control measures, including participation in cost review
meetings and development of cost accounting models.
• Promote continuous improvement in budgeting and cost management practices by
aligning with best international standards.
5. Strategic Alignment & Integration
• Support departments in developing strategies aligned with organizational goals and
ensure vertical and horizontal integration.
• Prepare financial projections for long-term planning and regulatory purposes, including
inputs for ICAAP documentation.
6. Governance & Compliance
• Ensure all budget-related activities and documentation comply with internal policies and
external regulations.
• Stay updated with changes in financial regulations and adjust practices accordingly.
• Support implementation of policies and procedures to maintain compliance with
organizational standards.
7. Teamwork & Operational Support
• Manage or support daily operations within the budgeting function to ensure effective
teamwork and performance.
• Contribute to development and refinement of systems, processes, and reporting
frameworks for operational efficiency.
8. Other Duties
• Perform any other tasks assigned by the manager or management.
Qualification
• Required: Bachelor’s degree in Finance, Accounting, or related discipline.
• Preferred: Master’s degree or professional qualification (e.g., ACCA, CFA).