A Budget Manager develops the company’s budget and oversees its implementation. They'll also review budget proposals and prepare financial documents and reports. The ideal budget manager holds a degree in Accounting or Finance and is familiar with legal regulations of accounting and budgeting. they should combine excellent numeracy skills with the ability to analyze and present complex data. To be successful in this role, they should be able to use critical thinking to create financial forecasts and make budgeting decisions.
Responsibilities
- Design effective budget models for departments and the entire company
- Analyze financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget
- Present annual budgets to senior managers
- Review budget requests for approval
- Forecast future budget needs
- Identify variances between actual and budgeted financial results at the end of each reporting period
- Suggest spending improvements that increase profits
- Review the company’s budget for compliance with legal regulations
- Ensure department managers meet budget submission deadlines
- Design and implement effective budgeting policies and procedures
Requirements
- Proven work experience as a Budget Manager or Budget Analyst
- Hands-on experience with accounting software and statistical packages
- Knowledge of MS Excel (specifically, advanced formulas, pivot tables and charts)
- Familiarity with forecasting methods and data analysis
- Excellent numeracy skills with an attention to detail
- Strong analytical skills
- Knowledge of accounting best practices and regulations
- Ability to explain budgeting and financial information in plain terms
- BSc/MSc degree in Accounting, Finance or relevant field