Budget Manager

Overview

Job Purpose The Budget Manager is responsible for leading the hospital’s budgeting, financial planning, forecasting, and budget monitoring functions. The role ensures effective allocation and utilization of financial resources, supports strategic decision-making, and promotes financial sustainability through accurate budgeting, expenditure control, and financial analysis. Key Duties and Responsibilities Coordinate the preparation and consolidation of annual departmental and organizational budgets. Develop budget guidelines, templates, and timelines to support the budgeting process. Monitor budget performance and analyze variances between actual and budgeted expenditures. Prepare periodic budget monitoring reports and provide recommendations for corrective actions where necessary. Support departmental managers in budget preparation, resource planning, and expenditure forecasting. Conduct financial analysis and provide insights to support operational and strategic decision-making. Monitor expenditure trends and identify opportunities for cost optimization and efficiency improvements. Collaborate with finance and departmental teams to ensure accurate budget allocation and utilization. Support the preparation of financial forecasts, projections, and long-term financial plans. Ensure compliance with approved budgets, financial policies, and resource allocation procedures. Prepare presentations and reports for management meetings, committees, and budget review sessions. Contribute to the continuous improvement of budgeting processes, systems, and financial planning practices. Requirements Qualifications and Experience Bachelor’s Degree in Accounting, Finance, Economics, Commerce, Business Administration, or a related field. CPA(K), ACCA, or equivalent professional accounting qualification. Master’s Degree in Finance, Accounting, Economics, Business Administration (MBA), or a related field (Preferred). Minimum of five (5) years’ experience in budgeting, financial planning, financial analysis, or management accounting. Experience in healthcare, NGO, or institutional financial management is preferred. Demonstrated experience in budget preparation, variance analysis, forecasting, and financial reporting.