Budget Specialist

Key Responsibilities:

- Lead the development of comprehensive project budgets, including high-level cost estimation, forecasting, and financial planning for all ongoing and upcoming projects.

- Review and approve budget proposals from project teams, ensuring alignment with organizational goals and financial strategies.

- Prepare and oversee the master schedule, and ensure accurate establishment and tracking of project baselines.

- Monitor financial progress of projects, including tracking of expenditures, variance analysis, and performance against budgets.

- Implement systems for real-time budget monitoring, controls, and exception reporting to ensure proactive cost management.

- Analyse and optimize BOQs across projects to ensure cost efficiency and consistency.

- Oversee the preparation and submission of detailed MIS, PRM, and other financial performance reports for senior management.

- Identify potential risks, conduct thorough financial risk assessments, and implement controls to mitigate budgetary risks.

- Ensure full compliance with financial regulations, audit standards, and internal policies across all budgeting activities.

- Collaborate closely with project managers, engineering heads, purchase, and site teams for seamless financial coordination.

- Approve major purchase orders, invoices, contracts, and other financial documents in line with budgetary approvals.

- Guide and mentor the budget and planning team, including junior staff, by setting performance benchmarks and conducting regular trainings.

- Develop and drive budgeting frameworks, tools, and best practices to improve accuracy, accountability, and cost control.

- Act as a strategic partner in cross-functional project planning, offering insights and financial leadership during project reviews.

- Contribute to organizational strategy by providing data-backed recommendations on cost reduction and resource optimization.

Desired Candidate Profile:

- Minimum 10-15 years of experience in budget management, cost control, or financial planning within real estate, construction, or infrastructure sectors.

- Strong experience in project budgeting, BOQ analysis, cost forecasting, and variance reporting.

- Proficient in budgeting tools, ERP (Highrise Kanixx) system, and project management software.

- Exceptional analytical, leadership, and communication skills.

- Proven ability to lead cross-functional teams and manage complex project budgets across multiple sites.

- Bachelors in Engineering / Finance / Quantity Surveying; MBA or professional certifications.

- Willingness to travel to project sites for budget reviews and audits.