Budget Specialist

Job Description

• Develop and maintain annual budgets for various departments and projects.
• Conduct in-depth financial analysis to identify trends, variances, and potential risks.
• Prepare comprehensive financial reports for management and stakeholders.
• Collaborate with department heads to understand their budgetary needs and provide guidance on financial planning.
• Monitor and analyze actual expenditures against budgeted figures, identifying variances and recommending corrective actions.
• Maintain budget and forecasting models, ensuring data accuracy and timely updates.
• Assist with long-term financial planning and scenario modeling.
• Review all contracts and match them with the estimated budget.
• Implement financial forecasting models and conduct scenario analysis.
• Prepare balance sheets, income statements, and other financial reports.
• Provide supporting documents and schedules for the annual budget.
• Coordinate with departments to provide necessary data and information.
• Prepare monthly, quarterly, and annual financial reports for management and stakeholders.
• Provide financial analysis and insights to support strategic initiatives and cost-saving opportunities.
• Recommend process improvement goals, objectives, and changes to policies and priorities.
• Ensure compliance with financial regulations and standards.
• Support external audit processes with required documentation and analysis. Ensure compliance with internal policies and external financial regulations.

Job Requirements

• Bachelor's degree in Finance, Accounting, or a related field.
• Minimum of 3 years of experience in budgeting, financial analysis, or a related field.
• Advanced knowledge of financial modeling, forecasting, and budgeting tools (e.g., Excel, SAP, Oracle).
• Strong analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Ability to work independently and as part of a team.
• Strong communication skills, both written and verbal.