Cost and Budget Lead is responsible for leading the budgeting, forecasting, and performance monitoring processes across the business. The role ensures that financial planning aligns with company strategy and supports effective decision-making. The Cost and Budget Lead provides in-depth financial insights through data-driven analysis, evaluates business performance against strategic objectives, and identifies opportunities for financial optimization. This role ensures that financial resources are allocated efficiently, cost-saving strategies are implemented, and financial risks are mitigated.
- Lead the collaborative development of the annual operating budget and periodic forecasts for the company, ensuring alignment with long-term strategic objectives, market dynamics, and financial targets of each function.
- Ensure the development and implementation of an all-embracing budget system throughout the company.
- Monitor and evaluate implementation of annual plans across all functions.
- Develop metrics and key performance indicators (KPIs) in alignment with each function within the company.
- Track and analyze KPIs, measure performance against targets, and identify causes of variations.
- Prepare and present comprehensive monthly, quarterly, and annual cost reports, budget vs. actual analyses, and other relevant financial data to senior management and executive leadershi.p
- Conduct monthly variance analysis to compare actual costs with budgeted amounts.
- Provide insights and analysis to improve financiaperformancees anddecision-makingg.
- Prepare business case scenarios and support investment decisions.
- Develop dynamic dashboards and financial models to visualize complex data, identify trends, and support data-driven decision-making.
- Provide past transaction costs, pricing, variable contributions, sales results, and the company’s actual performance compared to the business plans and/or past trends.
- Liaising with other line managers within finance and other department to exchange accounting and tax information on a regular basis to meet the Company’s objective.
- Liaise with auditors to ensure appropriate monitoring of company accounting record is maintained.
- Provide guidance, training, and mentorship to junior finance staff within the Finance Department and potentially within teams on best practices in cost accounting and budgeting.
- Ensure strict adherence to International Financial Reporting Standards (IFRS), internal accounting policies, and regulatory requirements in all cost accounting and budgeting practices across the portfolio.
- Contribute to the development and implementation of robust internal controls to safeguard assets and ensure financial accuracy.
- To perform other duties when assigned by Financial Controller and CFO as necessary as possible to meet the Company’s objective.
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