Budget and Accounting Associate

Kooler Industries Incorporated; Quezon City; On-site; PHP 300,000 - 420,000; Full time

Job summary

Kooler Industries Incorporated is seeking a Budget and Accounting Associate to support budgeting, forecasting, and financial reporting activities. You will analyze budget performance, monitor expenses, and prepare management reports to aid decision-making.

The role requires a BS in accounting/finance and 1–2 years of relevant experience, with strong Excel skills and attention to detail. You will coordinate with department heads to validate expenses and monitor variances.

Qualifications

• Graduate of BS Accountancy, Financial Management, Finance, or a related business course.
• With at least 1–2 years of relevant experience in budgeting, financial planning, management accounting, or financial analysis.
• Must have actual experience in budget preparation, budget monitoring, and budget-versus-actual variance analysis.
• Knowledgeable in financial statements, particularly the Profit and Loss Statement, Balance Sheet, and Cash Flow Statement.
• Proficient in Microsoft Excel, particularly PivotTables, XLOOKUP, SUMIFS, and financial data analysis.
• Strong analytical, numerical, organizational, and problem-solving skills.
• Excellent attention to detail and accuracy in handling financial information.
• Good communication skills and the ability to coordinate with different departments.
• Able to work independently, manage deadlines, and handle confidential financial data.

Responsibilities

• Budget Preparation and Consolidation: Assist in preparing, consolidating, and reviewing annual departmental budgets and operating expense plans.
• Budget Monitoring: Monitor actual expenses against approved budgets and ensure expenditures are properly tracked and documented.
• Budget Variance Analysis: Analyze budget-versus-actual results, identify significant variances, determine possible causes, and prepare recommendations for corrective action.
• Financial Reporting: Prepare periodic budget utilization reports, expense summaries, financial schedules, and management reports.
• Financial Planning and Forecasting: Assist in preparing financial forecasts, projecting expenses, and evaluating budget requirements based on business needs.
• Cost Control: Identify potential cost-saving opportunities and support initiatives to improve expense management and resource allocation.
• Data Analysis and Reconciliation: Validate financial data, reconcile budget records against actual expenditures, and investigate discrepancies.
• Departmental Coordination: Coordinate with department heads and relevant teams to gather budget proposals, validate expenses, monitor budget utilization, and obtain explanations for variances.
• Documentation and Compliance: Maintain accurate budget files, financial records, supporting documents, and reports in accordance with company policies and procedures.
• Process Improvement: Recommend improvements to budgeting templates, reporting processes, and financial monitoring systems to enhance accuracy and efficiency.
• Perform other finance-related duties as assigned by the immediate supervisor.

Skills

Analytical skills

Budgeting

Financial analysis

Communication

Attention to detail

Independent work

Education

BS in Accountancy/Finance/Financial Management

Tools

Microsoft Excel

Job description

Job Description

The Budget and Accounting Associate is responsible for supporting the company's budgeting, financial planning, expense monitoring, and financial reporting activities. This role involves analyzing budget performance, identifying variances, monitoring expenditures, and preparing financial reports to support management decision-making and ensure effective utilization of company resources.

Duties and Responsibilities

• Budget Preparation and Consolidation: Assist in preparing, consolidating, and reviewing annual departmental budgets and operating expense plans.




• Budget Monitoring: Monitor actual expenses against approved budgets and ensure expenditures are properly tracked and documented.




• Budget Variance Analysis: Analyze budget-versus-actual results, identify significant variances, determine possible causes, and prepare recommendations for corrective action.




• Financial Reporting: Prepare periodic budget utilization reports, expense summaries, financial schedules, and management reports.




• Financial Planning and Forecasting: Assist in preparing financial forecasts, projecting expenses, and evaluating budget requirements based on business needs.




• Cost Control: Identify potential cost-saving opportunities and support initiatives to improve expense management and resource allocation.




• Data Analysis and Reconciliation: Validate financial data, reconcile budget records against actual expenditures, and investigate discrepancies.




• Departmental Coordination: Coordinate with department heads and relevant teams to gather budget proposals, validate expenses, monitor budget utilization, and obtain explanations for variances.




• Documentation and Compliance: Maintain accurate budget files, financial records, supporting documents, and reports in accordance with company policies and procedures.




• Process Improvement: Recommend improvements to budgeting templates, reporting processes, and financial monitoring systems to enhance accuracy and efficiency.




• Perform other finance-related duties as assigned by the immediate supervisor.

Qualifications

• Graduate of BS Accountancy, Financial Management, Finance, or a related business course.




• With at least 1–2 years of relevant experience in budgeting, financial planning, management accounting, or financial analysis.




• Must have actual experience in budget preparation, budget monitoring, and budget-versus-actual variance analysis.




• Knowledgeable in financial statements, particularly the Profit and Loss Statement, Balance Sheet, and Cash Flow Statement.




• Proficient in Microsoft Excel, particularly PivotTables, XLOOKUP, SUMIFS, and financial data analysis.




• Strong analytical, numerical, organizational, and problem-solving skills.




• Excellent attention to detail and accuracy in handling financial information.




• Good communication skills and the ability to coordinate with different departments.




• Able to work independently, manage deadlines, and handle confidential financial data.