Budget Analyst Officer at Ralds & Agate

Purpose of the Role

The role holder is responsible for managing the full budgeting cycle and implementing robust cost control frameworks to ensure alignment of expenditures with approved financial and operational targets. This position provides management with accurate cost reports, variance analyses, and forecasts, enabling proactive decision-making. It serves as a bridge between Finance, Project Managers, and Asset Teams to promote accountability, transparency, and cost efficiency across projects and operations.

Key Responsibilities

Budgeting & Planning

• Lead the development and consolidation of annual budgets in collaboration with asset managers, department heads, and project teams
• Translate operational and project plans into financial budgets, ensuring consistency with corporate objectives
• Develop and maintain budget models, templates, and guidelines to support accurate planning

Cost Control & Monitoring

• Implement and oversee detailed cost control systems, tracking actual spend against approved budgets and AFEs (Authorizations for Expenditure)
• Investigate variances, identify root causes, and recommend corrective actions
• Ensure that all cost data is accurate, timely, and aligned with company accounting policies and JV requirements

Forecasting & Reporting

• Manage monthly and quarterly expenditure re-forecasting, providing early warning of potential overruns or underspending
• Prepare and deliver timely cost performance reports and dashboards for senior management
• Support decision-making by providing actionable insights on expenditure trends, cost efficiency, and resource utilization

Stakeholder Engagement

• Partner with project managers and asset teams to monitor project expenditures and improve financial accountability
• Liaise with JV finance, auditors, and regulatory bodies to support transparent reporting and compliance
• Provide training and guidance to stakeholders on budgeting processes and financial controls