1. Budget Monitoring and Control:

• Participate in the quarterly & yearly budget process, contributing to the development of realistic and achievable budgets.
• Calculate and roll out approved budgets to the store and department levels, ensuring alignment with overall financial targets.
• Actively monitor actual spending against approved budgets on an ongoing basis.
• Develop and maintain robust tracking mechanisms and reports to highlight budget variances.
• Proactively identify potential overspending or underutilization and communicate findings to the Finance Director and relevant department heads.
• Investigate and analyze budget variances, providing clear explanations and recommendations for corrective actions.
• Ensure all spending requests are thoroughly reviewed for budget alignment and proper authorization

2. Compliance and Policy Enforcement:

• Strictly enforce the company‘s financial policies and procedures related to budgeting and expenditure.
• Ensure all financial transactions comply with internal controls and relevant regulations.
• Identify and report any instances of non-compliance or potential violations of budget guidelines.
• Assist in the development and implementation of internal controls to strengthen budgetary discipline.
• Provide guidance and training to other departments on budget policies and procedures.

3. Reporting and Analysis:

• Prepare regular and ad-hoc budget performance reports for the Finance Director and senior management.
• Analyze spending patterns for approval procedure
• Assist in the preparation of budget forecasts and financial planning activities.
• Contribute to the development of key performance indicators (KPIs) related to budget control.

4. Collaboration and Communication:

• Work closely with department heads and budget owners to understand their financial needs and challenges.
• Communicate effectively and assertively regarding budget compliance and any identified issues.
• Collaborate with the accounting team to ensure accurate recording of financial transactions.