Job Purpose

• The Budget Manager is responsible for budget preparation and control throughout the financial cycle within the Group.
• This includes examining and analysing budgeting and accounting reports for the purpose of maintaining expenditure controls.

Core Responsibilities and Key Result Areas

Budgeting

• Assist in designing and implementing effective budgeting policies and procedures.
• Designing effective budget models for various departments and the entire Company.
• Analyzing financial information (such as revenues, expenditures and cash management) to ensure all operations are within budget.
• Identifying and reporting of variances between actual and budgeted financial results.
• Flagging and analyzing potential financial and budgeting risks.
• Review budget requests for approval.
• Suggest spending improvements to increase revenue and profits.
• Ensuring department managers meet budget submission deadlines.
• Identify variances between actual and budgeted financial results at the end of each reporting period and recommend corrective plans for each budget holder.
• Perform periodic and future forecasts.

Financial Analysis

• Perform market and competitive research, data mining, business intelligence and valuations.
• Provide support in planning, appraisal and analysis.

Key Performance Indicators

• Timely provision of the financial models necessary to support business strategies
• Timely provision of analytical and analysis reports
• Timely preparation of the weekly Budget Report on OPEX, CAPEX and Capital Budgets

Knowledge Requirements

• Demonstrates good research, quantitative, and analytical skills
• Excellent attention to detail
• Competent in software programs such as Microsoft Office, Excel and PowerPoint
• Highest standards of accuracy and precision; highly organized
• Demonstrates commercial and economic awareness, including an awareness of global economic factors that can influence the Food & Beverage and QSR industry
• Ability to think creatively, highly driven and self-motivated
• Knowledge of written and verbal communication skills

Requirements

• Bachelor’s Degree in Accounting/Finance or related field
• Membership of the ACCA, ACA or any other related professional qualification is required.
• Minimum of 4-6 years experience as budget controller/analyst, or similar role.
• Experience in a QSR company in a similar role is an asset

Decision Expectations

• Acts on defined procedures and decisions
• Enforces agreed decisions
• Conduct cost/benefit and other types of analysis
• Explain and defend recommendations to management and stakeholders