The Budget Specialist is generally and primarily responsible for the preparation, monitoring and efficient implementation of Annual Budget. Review departmental budget, conduct cost-benefit analyses, report and analyze budget variances, develop long and short-term budget.
Reviews daily transaction as to availability of fund/budget per department, special projects and activities.
Confirms with Treasury that fund is available and obligated or earmarked prior to entering into an agreement/contract, Memorandum of Agreement, Purchase Order and Job Order and other form of agreement.
ANNUAL BUDGET PREPARATION AND PLANNING
In-charge of the overall budget preparation activities.
Coordinates directly with department managers to provide advice on developing and maintaining a budget and give guidance on how department’s budget fits into the organization’s financial plan.
Receives, Reviews and Evaluates Budget proposals. Ensures that budget activities align with cash flow expectations and long-term financial plans.
Develops forecasts to support long-term budget.
ANALYSIS OF EXISTING BUDGET VS ACTUAL
Analyzes existing budget both departmental level and organizational levels. Noting any significant DEVIATION or EXCESSIVE spending and prepare recommendations as deemed necessary.
Works with management to provide information on projected financial performance and budget shortfalls.
Participate in multiple, special, and confidential projects.
Conduct cost-benefit analysis on the budget proposal and provide recommendations.
Prepares periodic and comprehensive budget reports. This can be done by assessing financial performance, irregularities, and compliance activities as defined by fiscal plan and approved annual budget. The reports include Status of Commitments and Utilization as well the comparative analysis of budgets and expenditures throughout any given period in order to identify and mitigate variances, if any.
Ensures the all original documents related to Budgeting and Planning are maintained and secure with corresponding e-copy in ADAMIS shared folder.
Ensures that all e-copies are clear and legible.
PERFORMS OTHER RELATED DUTIES THAT MAY BE ASSIGNED FROM TIME TO TIME
- (special projects and assignments, ad-hoc reports, etc.)
- Candidate must possess at least Bachelor's/College Degree, Professional License (Passed Board/Bar/Professional License Exam) in Finance/Accountancy/Banking or equivalent.
- At least 2 Year(s) of working experience in the related field is required for this position.
- Required Skill(s): Budget Preparation and Planning, Cost-Benefit Analysis
- Preferably 1-4 Yrs Experienced Employee specialized in Finance – General/Cost Accounting or equivalent.