BUDGET CONTROL OFFICER at VDT Communications Ltd

JOB DESCRIPTION:

• Budget framework communication to the HODs at the advent of the yearly budget preparation;
• Effective follow-ups on the framework communication for input solicitation;
• Align the budget input with the board approved framework earlier communicated;
• Provide appropriate historical data to the HODs for facilitation of their forecast;
• Collate the departmental budget input and prepare draft budgeted profit or loss account, draft budgeted capital expenditure budget and draft budgeted cash flow budget;
• Presentation of the draft budgets to the management during November management meeting for their comments and general input to aid their buy-in and acceptance;
• Amend the draft budgets in line with the comments and general input and re-present same for final approval of the management for onward presentation to the Board of directors through the office of the MD or CFO;
• Communicate board’s approval to the members of management team by sending them the approved budgets;
• Daily/weekly/monthly monitoring of the budgets;
• Ensure special approvals are gotten for exceptions which should not be more than 15% above the budgets and present appropriate reports thereon;
• Reviews operating budgets periodically to analyze trends affecting budget needs and recommends amendment as deemed appropriate in the circumstance;
• Consults with unit heads to ensure adjustments are made in accordance with program changes in order to facilitate long-term planning.

Educational Requirements

• First Degree in a relevant discipline from a recognized university.
• Membership of Professional association such as (CIMA, CFA, ACCA, ICAN, etc.

Experience, Skills & Competencies

• Three (3) - Five (5) years relevant work experience.
• Knowledge: Budgeting, Financial Systems Knowledge, Industry Knowledge, ERP & IFRS.
• Skills: Accountability, Communication.