BUDGET CONTROLLER JOB DESCRIPTIONS

Budget overruns discovered after quarter-end rarely get fixed in time to matter. The Budget Controller is the function that catches variance before it becomes loss, monitoring cost matrices and rolling estimates so that operational managers and senior finance leadership have accurate data when decisions are still reversible. Working within the corporate finance function, the role owns the monthly closing cycle and the annual budget process. Seniority in this seat typically follows two or more years in financial controlling or audit.

As the Budget Controller, you translate financial data into forward-looking guidance that keeps divisional spending aligned with group targets and performance expectations. You sit within the corporate finance team, supporting the head of Finance and partnering with department leads across the organization to maintain budget integrity and reporting accuracy.

Career Impact: Owning the full budget cycle, from MYB elaboration through monthly variance reporting, builds a track record that finance leadership and CFOs specifically look for when filling FP and A Manager and Finance Controller roles.

Business Impact: The consolidated P and L, OCF, and Balance Sheet outputs this role produces are the figures that operational managers and corporate stakeholders use to authorize spending, reallocate resources, and set annual targets.

Growth Opportunity: Exposure to cost-benefit analysis, internal audit collaboration, and multi-entity reporting across global subsidiaries expands both technical depth and cross-functional credibility in ways that accelerate progression to senior controlling or finance management roles.

• Monitor divisional costs and produce variance analyses against MYB, MB, and forecast to surface risks and opportunities for leadership review.
• Lead the monthly closing and reporting cycle within the division in line with group policies and submission deadlines.
• Prepare P and L, cash, OCF, and Balance Sheet reports for designated entities, ensuring consistency with group reporting standards.
• Support the head of Finance in elaborating mid-year budgets, management budgets, and rolling forecasts across business functions.
• Analyze financial data for anomalies, compare actuals against baselines and targets, and produce concise synthetics for decision-makers.
• Collaborate with operational managers to develop annual budget proposals and validate that funding requests comply with internal control standards.
• Develop and track KPIs and business trends to support ongoing financial planning and performance management.
• Coordinate target-setting activities and serve as the central point of contact for Group and GBU information requests.

• Bachelor's degree in Finance, Accounting, Economics, or a related field, or equivalent work experience.
• 2 or more years of experience in financial controlling, budget management, or financial audit, with exposure to monthly close processes.
• Demonstrated ability to prepare and consolidate budget documents including forecasts, variance reports, and P and L statements.
• Proven experience conducting cost analysis and cost-benefit evaluations to support investment and project decisions.
• Strong analytical and problem-solving skills with the ability to detect anomalies and reconcile financial data across multiple sources.
• Ability to manage multiple concurrent deadlines and adapt priorities in response to changing business needs.
• Advanced proficiency in spreadsheet modeling, including complex formulas, pivot tables, and financial modeling techniques.
• Professional fluency in English, both written and spoken, required for reporting and cross-functional communication.

• Professional certification in controlling or accounting such as CIMA, ACCA, or CPA, providing a recognized framework for financial governance.
• Experience working within a multi-entity or multinational organization, including reporting for overseas subsidiaries or global business units.
• Prior exposure to ERP-based financial workflows, particularly in budget data preparation, interface management, and automated reporting pipelines.
• Familiarity with hourly rate calculations, cost allocation methodologies, or cost center management within an industrial or manufacturing context.

• Budget variance rate, measuring how closely actuals track against approved MYB and MB targets each period.
• Monthly close cycle time, reflecting how consistently the role meets group reporting deadlines without rework.
• Forecast accuracy rate, tracking the delta between submitted forecasts and actual results across quarters.
• Anomaly detection rate, measuring the proportion of financial inconsistencies identified before period-end sign-off.
• Report completeness score, based on the percentage of required entity-level P and L and Balance Sheet reports submitted on time.
• Typical tools: ERP platforms (commonly SAP or Oracle); spreadsheet modeling (commonly Microsoft Excel with advanced add-ins)

• Base Salary Range: $70,000 to $95,000 per year depending on experience and location.
• Bonus: Annual performance bonus typically 5 to 12 percent of base salary.
• Equity: Not standard at this level; may be offered at public companies.
• Health Benefits: Medical, dental, and vision coverage standard across most employers.
• PTO: 15 to 20 days annually, plus standard federal holidays.
• Common Perks: Professional development budget, CPA or CIMA exam support, hybrid work schedule.

Figures are estimates based on general US market benchmarks and may be outdated. Adjust based on location, company size, and seniority level.

Reasonable accommodations are available to applicants and employees with disabilities in accordance with the Americans with Disabilities Act and applicable state law. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other characteristic protected under federal, state, or local law. Employment offers are contingent on successful completion of a background check. Candidates must be authorized to work in the United States.

The Budget Controller owns the end-to-end cost monitoring and financial planning process, participating actively in rolling estimates and budget periods in collaboration with other business functions. Working within the division, the Budget Controller supports monthly closing and reporting while driving implementation of process improvement projects that contribute to the organization's growth.

Key Responsibilities

• Participate actively in the financial planning process during rolling estimates and budget periods in collaboration with other business functions.
• Optimize costs and the efficacy of actions undertaken in accordance with internal control standards and good practices.
• Monitor costs and carry out analyses to identify risks and opportunities and propose appropriate actions.
• Play a key role in the monthly closing and reporting process within the division in line with group policies and deadlines.
• Get involved in the implementation of projects ranging from internal auditing to the improvement of processes and departments.
• Interact with all levels of the internal organization through a variety of duties and responsibilities.

Required Qualifications

• Master's degree in Economics, Finance, or Accounting.
• At least 2 years of experience in controlling or financial audit.
• Proficiency in MS Office including advanced Excel skills.
• Broad understanding of SAP as an asset.
• Advanced level of English.

Embedded within the Finance community, the Budget Controller delivers timely, reliable, and relevant financial information to operational managers and Corporate Finance Control to support decision-making processes. Working closely with the head of Finance, the Budget Controller produces P and L, Balance Sheet, and variance reports while managing Magnitude reporting and supporting forecast and budget elaboration across the organization.

Core Functions

• Assist the head of Finance in elaborating MYB, MB, Budget, and Forecast.
• Prepare data for Magnitude, manage the interface, and be accountable for Magnitude reporting.
• Support target setting and follow-up activities.
• Follow the cost matrix and be the point of contact for all Group and GBU information requests.
• Produce dedicated reports on OI, Sales, GM, and cost variance including MYB, MB, and forecast.
• Analyze consistency of financial data, detect anomalies, compare baseline and targets, and produce comprehensive synthetics.
• Support the elaboration of BOR and the calculation of CHP hourly rates.
• Produce P and L, cash, OCF, and Balance Sheet reports for SAEs.

Qualifications and Experience

• Bachelor's or Master's degree in Accounting, Audit, or Corporate Finance.
• Controlling or Accounting certification such as CIMA, ACCA, or CPA preferred.
• 5 to 10 years of relevant experience in similar positions.
• Prior experience managing budgets, conducting in-depth financial analysis, and submitting recommendations.
• Advanced Microsoft Excel knowledge and experience.
• SAP by D knowledge required.
• Strong interrelational and organizational skills with focus on data and time reliability.
• Ability to handle multiple projects and adapt to changing priorities.
• Fluency in English and Arabic is required, French is a plus.

Reporting to the finance department leadership, the Budget Controller contributes significantly to the company and its global subsidiaries' operations by maintaining active budget control across all departments and teams. Partnering with both local and overseas finance teams, the Budget Controller provides financial and legal support for major projects and drives development of new processes across Israel and international subsidiaries.

Primary Duties

• Maintain active budget control across all departments and teams in the organization.
• Take part in preparing the organization's annual budget and update it as necessary throughout the year.
• Prepare detailed analyses to evaluate investments and projects across a wide range of disciplines.
• Provide financial and legal support for major projects and contractual engagements with suppliers.
• Take part in defining and developing new processes in the finance department in Israel and overseas subsidiaries.

Skills and Qualifications

• First degree in Commerce, Finance, or Business Management, with an Accounting degree as an advantage.
• At least 4 years of experience in finance or finance-related roles.
• At least 2 years of experience in an industrial company.
• Actual experience in budget control and contracts management and monitoring.
• Good knowledge and working experience with ERP systems and full knowledge of Office software.
• High level of English and Hebrew in both oral and written communication.

Sitting at the intersection of financial oversight and cross-functional collaboration, the Budget Controller evaluates budget proposals, conducts cost-benefit analyses, and monitors spending compliance with regulations. Operating across project management and marketing functions, the Budget Controller works with Customer Marketing and Capability Manager to approve or reject funding requests and develops final budgetary agreements with management.

Duties

• Evaluate budget proposals and funding requests collaborating with project managers to develop a budget.
• Conduct cost-benefit analyses to determine value and compliance with regulations.
• Collaborate with Customer Marketing and Capability Manager in approving or rejecting funding requests.
• Defend budget recommendations and develop final budgetary agreements with management.
• Monitor spending to ensure it remains within budget.
• Estimate and forecast future financial needs.

Technical Qualifications

• Bachelor's degree in Finance, Accounting, or a related field.
• Experience managing budgets.
• Proven experience with programming for data analysis.
• Firm understanding of statistics and databases.
• Expert problem-solving and analytical skills with excellent mathematical aptitude.
• Excellent written and verbal communication with exceptional interpersonal skills.
• Attention to detail and ability to work in a fast-paced, deadline-driven environment.

A key member of the finance team, the Budget Controller manages the continued development of budgeting, financial forecasting, operating plan, and modelling tools while generating monthly and quarterly financial reporting. Collaborating across business units, the Budget Controller supports decision-making by analyzing operational financial data, developing KPIs, and delivering financial presentations to relevant managers.

Functions

• Manage the continued development of budgeting, financial forecasting, operating plan, and modelling tools.
• Generate and review monthly and quarterly financial reporting.
• Analyze financial data related to different operation activities and prepare financial presentations for relevant managers.
• Perform ad-hoc analysis as required to support the business.
• Develop and analyze KPIs and business trends.

Experience and Qualifications

• Bachelor's degree in Economics required.
• At least 2 years of budget control experience in a meaningful business, preferred in a public company.
• Advanced Excel modelling skills required.
• Oracle experience as an advantage.
• Strong analytical and problem-solving skills with the ability to prioritize multiple tasks effectively.
• Proactive and service-oriented with a can-do attitude in meeting short and critical deadlines.
• Good interpersonal communication skills.
• Excellent English required.