Assistant Manager - Budgeting

Assistant Manager - Budgeting

• Assistant Manager Budgeting responsibilities include preparation, handling and amendments in project budgets.
• Serving as a contact point for all operations tasks and departments for costing, pricing and budget related issues.
• Ensuring accuracy & effectiveness in all IFM/ICS Budgeting, costing and pricing tasks.

Education & Qualification

• Master's degree in finance or any related and/or,
• Professional qualification in finance or any related field.

Key Attributes

Industry Experience (No. of years): 8+ years of experience.

Position/functional experience (No. of years): 5+ years of experience.

Competencies and Skills

• Strong financial analysis Skills
• Ability to work with little or no supervision.
• Working knowledge in SAP

Budgeting

• Liaise with Finance Manager Budgeting for Budgeting, pricing & costing assignments.
• Assisting in preparation & finalization of project control budgets.
• Coordination with operations team and allocation of budgets to GLs as per approvals from management.
• Critically analyzing the cost elements for all projects before budget numbers are locked and uploaded in SAP.
• Uploading finalized control budgets on SAP for Actual vs Budget comparisons and taking required approval.
• Collaborate with ERP team for Budget uploads and ensuring all reporting requirements are met.
• Monitoring the creation of project internal orders and maintaining as per operations requirements.
• Overseeing budget issues faced by all sites including Head office.
• Supporting finance manager for finalization of annual budgets for upcoming years.
• Resolving and reviewing the PR & PO related queries from GL selections to cost center
• Creation of new cost centers based on management approvals and ensuring initial budgets are uploaded.

Fixed Assets

• Creation of asset codes based on approved project budgets and company policy.
• Preparing the required schedules for fixed assets for Audit Purpose and monthly closing.
• Reconciliation of fixed assets with physical counts and ensuring compliance with fixed assets policy.
• Creating, transferring, and disposing of fixed assets in SAP based on relevant approval.

Budgetary coordination with HR

• Supervising backfills requests for new hirings and amendments for professional and technical staff.
• Monitoring the creation of new budget IDs and upload of approved CTCs in SAP and reconciliations.
• Correspond to HR for all budget related queries and ensure compliance as per HR policy.
• Supervising any amendment to CTCs based on management approval.

Monthly Closing

• Performing accounting duties and supporting junior staff as required or assigned.
• Investigate and resolve audit findings, account discrepancies, and issues of non-compliance.
• Finalization of month end revenue and cost accruals for subcontractors and ensuring it is in line with project control budgets
• Finalization of month end accruals for transportation, inventory & other accruals.
• Support month-end and year-end close process.
• Liaise with the Finance Manager to improve financial procedures.
• Provide monthly project wise Actual v/s budget report.
• Maintaining and reconciling balance sheet and general ledger accounts and undertaking variance analyses.

Other Services

• Documenting and monitoring internal controls as advised by auditing team and addressing internal audit queries

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Accounting/Auditing

Industries

Facilities Services and Accounting