AGM/GM - Financial Budgeting - CA/CPA/ICWA/CMA

We are seeking a highly skilled and detail-oriented Chartered/Cost Accountant with a strong specialization in budgeting to join our finance team. As a Budgeting Specialist, you will play a crucial role in creating, monitoring, and optimizing our budgeting processes. Your ability to analyze financial data, develop accurate forecasts, and provide strategic insights will contribute to informed decision-making and the achievement of our financial objectives.

Key Responsibilities:

1. Budget Planning and Development:

- Lead the preparation of comprehensive annual budgets in collaboration with department heads and senior management.

- Develop detailed budget templates, guidelines, and timelines to facilitate a consistent budgeting process.

- Prepare detailed budget proposals, highlighting revenue projections, expense allocations, capital expenditure plans and key performance indicators.

- Run sensitivity / what-if analysis on budget scenarios & help senior management team to select the desired budgeting plan among the various versions of plans.

- Be proactive in analyzing changes in the business environment to draw out modifications required in budgeting exercise.

- Stay updated on industry trends, regulations and best practices related to financial budgeting and incorporate relevant insights into budgeting process.

2. Financial Analysis and Forecasting:

- Analyze historical financial data, market trends and industry benchmarks to generate accurate revenue and expense forecasts.

- Provide variance analysis between budgeted and actual figures, highlighting key drivers and insights.

3. Budget Monitoring and Control:

- Monitor budget performance on a regular basis and communicate findings to relevant stakeholders.

- Identify areas of concern or improvement, propose corrective actions, and assist in their implementation.

4. Cost Management and Efficiency Enhancement:

- Collaborate with operational teams to review and analyze cost structures, identifying opportunities for cost savings and efficiency improvements.

- Implement cost control measures and recommend strategies to optimize resource allocation.

5. Financial Reporting and Presentations:

- Prepare comprehensive budget reports and presentations for senior management and board meetings.

- Clearly communicate budgetary performance, trends, and recommendations for decision-making.

6. Process Improvement and Automation:

- Continuously enhance the budgeting process by implementing best practices and leveraging technological tools.

- Streamline workflows, eliminate inefficiencies, and enhance accuracy in budget creation and tracking.

7. Collaboration and Communication:

- Work closely with cross-functional teams to ensure budgetary alignment with strategic initiatives.

- Collaborate with department heads to understand business needs and develop realistic budget expectations.

8. Compliance and Governance:

- Ensure budgeting practices adhere to company policies, accounting standards, and regulatory requirements.

- Participate in internal and external audits related to budgetary matters.

Qualifications and Requirements:

- Chartered Accountant (CA) designation is required; additional certifications (ICWA, CPA, CMA) are a plus.

- Experience in finance and accounting, with a strong focus on budgeting and financial analysis.

- Extensive knowledge of budgeting methodologies, forecasting techniques, and financial modeling.

- Proficiency in spreadsheet software (Excel, Google Sheets) and financial software/tools.

- Knowledge of financial software and enterprise resource planning (SAP-ERP) systems is a must.

- Strong analytical mindset with exceptional attention to detail.

- Excellent communication and presentation skills.

- Ability to manage multiple priorities and meet tight deadlines.

- Collaborative team player with the capability to work cross-functionally.

- Strategic thinking and problem-solving abilities