Assistant Manager Cost Control and Budgeting

Zong 5G; Islamabad; On-site; PKR 2,000,000 - 3,000,000; Full time

Job summary

NOMC invites a Finance professional to oversee budgeting, forecasting and payments across telecom network operations. You will lead the annual budgeting cycle, collaborate with function heads for inputs, and monitor variances to guide senior management with actionable insights.

You will implement robust payment controls, evaluate contracts for savings, and model scenarios to assess financial impact. This role requires governance with internal policies and industry standards.

Qualifications

• Bachelor's degree in finance, accounting, business administration, or related field.
• 5+ years of budgeting, forecasting, payments and vendor management experience.
• Experience in telecom or technology sector preferred.

Responsibilities

• Develop and manage the annual budgeting process for telecom network operations.
• Prepare detailed forecasts including operational and capital expenditures.
• Collaborate with function heads to gather inputs and assumptions.
• Monitor budget performance, analyze variances, provide insights to senior management.
• Track investment and capitalization targets for NOMC department.
• Develop scenario analyses and sensitivity models for financial impact.
• Conduct regular contract reviews for cost-saving opportunities and value for money.
• Manage payment processes for vendors, ensuring timely disbursements and compliance.
• Verify payments against contracts, POs, and receipts; maintain controls.
• Prepare payment reports and provide cash flow insights.

Skills

Analytical & problem-solving mindset

Strong communication & presentation

Time management & multitasking

Collaboration & cross-functional work

Adaptability to industry changes

Compliance with internal policies

Education

Bachelor's degree in finance / accounting / business admin

Tools

Power BI

ERP systems (SAP, Oracle)

Advanced Excel

Job description

Responsible to oversee Budgeting & Forecasting, PR/PO Issuance, Payments and Audit controls within NOMC domain. This role is critical to ensuring financial discipline, optimizing costs and managing vendor payments effectively and collaborate with cross-functional teams to drive financial performance and operational efficiency.

Job Responsibilities:

• Develop and manage the annual budgeting process for telecom network operations, ensuring alignment with organizational goals.
• Prepare detailed financial forecasts, including operational and capital expenditures.
• Collaborate with function heads to gather inputs and assumptions for accurate budgeting and forecasting.
• Monitor budget performance, analyze variances, and provide actionable insights to senior management.
• Tracking and ensuring the investment & Capitalization target achievement for NOMC department.
• Develop scenario analysis and sensitivity models to assess the financial impact of changes in market conditions or business strategies.
• Conduct regular contract reviews to identify cost-saving opportunities and ensure value for money.
• Manage the payment process for vendors, suppliers, and contractors, ensuring timely and accurate disbursement of funds.
• Verify payment requests against contract terms, purchase orders, and delivery receipts to ensure compliance.
• Implement and maintain robust payment controls to prevent fraud and ensure financial integrity.
• Prepare payment-related reports and provide insights into cash flow management.
• Work closely with finance, procurement, operations, and legal teams to ensure alignment on budgeting, contract management, and payment processes.
• Provide financial insights and recommendations to support decision-making and strategic planning.
• Act as a key point of contact for vendors and suppliers regarding payment-related matters.
• Identify and implement process improvements to enhance efficiency and accuracy in budgeting, and payment processes.
• Ensure compliance with internal financial policies, industry regulations, and accounting standards.
• Stay updated on industry trends and best practices in budgeting and payment processing.

Eligibility Criteria (Education, Knowledge, Experience and Skills):

Education:

• In principle to have must bachelor's degree in finance, Accounting, Business Administration, or other relevant degree.

Work Experience:

• Should have preferably 5+ years of experience in budgeting, forecasting, payments and vendor management, preferably in the telecom or technology sector.

Skills – Generic:

• Analytical & problem-solving mindset
• Strong communication & presentation
• Time management & multitasking
• Collaboration & cross-functional teamwork
• Adaptability to industry changes
• Compliance with internal policies and industry regulations
• Power BI and Analytical Tools

Skills – Job Specific:

• Budgeting & Forecasting
• Variance and cost optimization analysis
• ERP systems (SAP, Oracle) & advanced Excel
• Payments & Financial Operations
• Telecom Industry Knowledge Network cost structures