Posted 6 days ago 3 views
AshreiTech is looking for a detail-oriented and analytical Cost Management / Budgeting Specialist to join the Outsourcing Unit at their Karachi office. This on-site role operates during the night shift from 7:00 PM to 4:00 AM. The successful candidate will have 3 to 5 years of experience in budgeting, cost control, financial planning, and expenditure monitoring. They will play a crucial role in supporting budget development, managing costs, and providing financial insights to improve resource utilization and support informed decision-making across departments.
Key Responsibilities
- Budget Development & Planning: Prepare annual, quarterly, and project-specific budgets that align with business goals, operational needs, and financial forecasts.
- Budget Allocation: Collaborate with various departments to assess resource requirements and allocate budgets efficiently.
- Expense Monitoring: Track actual spending against approved budgets, identifying any overspending, underutilization, or deviations.
- Cost Control & Variance Analysis: Analyze discrepancies between budgeted and actual costs, determine root causes, and recommend corrective measures.
- Financial Reporting: Generate budget-versus-actual reports, cost summaries, expenditure analyses, and management reports.
- Cost Trend Analysis: Evaluate spending patterns and budget performance to support strategic business decisions.
- Project Budgeting & Costing: Develop cost estimates for projects, service delivery, operational activities, and resource needs.
- Cost Estimation: Assess both direct and indirect costs, including staffing, technology, vendor services, and other operating expenses.
- Financial Forecasting: Assist with periodic forecasts and budget revisions based on business changes and spending trends.
- Cost Optimization: Identify opportunities to reduce unnecessary expenses, enhance cost efficiency, and maximize resource use.
- Cross-Functional Coordination: Work closely with finance, operations, project teams, and management to validate cost assumptions and meet deadlines.
- Data Accuracy & Documentation: Maintain precise financial records, costing models, budget trackers, and supporting documentation.
Required Qualifications
- Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
- 3 to 5 years of relevant experience in cost management, budgeting, financial planning and analysis (FP&A), or a similar finance role.
- Strong knowledge of budget preparation, expense monitoring, cost control, and variance analysis.
- Experience in preparing budget-versus-actual reports, financial forecasts, cost estimates, and management reports.
- Proficiency in Microsoft Excel, including advanced formulas, PivotTables, data analysis, and financial reporting.
- Excellent analytical and numerical skills with a keen eye for detail and accuracy.
- Ability to analyze financial data, identify discrepancies, and recommend practical cost-control solutions.
- Strong organizational, coordination, and time-management skills to handle multiple costing tasks and meet deadlines.
- Ability to work independently while maintaining confidentiality of financial information.
Preferred Qualifications and Benefits
- Familiarity with US pricing practices and project-based costing is preferred.
- Opportunity to make a significant business impact by contributing to effective financial planning and cost control.
- Exposure to strategic collaboration with cross-functional teams and senior management to support budgeting decisions.
- Professional growth in areas such as cost analysis, project budgeting, financial reporting, and operational cost optimization.
The position offers a competitive monthly salary ranging from PKR 250,000 to 350,000. This role requires full-time, on-site presence at the NASTP facility in Karachi.
Skills
Job Details
Robust Support & Solutions
What is your Competitive Advantage?
Similar Job Titles
Zubair Anjum
Business Excellence Specialist
Nestle Pakistan
Aqib Irshad
Head of HR, Training & OD
FINCA
Usman Habib
Recruitment & Training Executive
ACS Synergy (Pvt) Ltd.
Mona Sharif
Senior Team Lead
Konext PVT. LTD
Sehrish Azhar
Motivational Speaker & Blogger
Living Upbeat
Ali Aziz
CEO
Shopistan
Ayesha Shaukat
Social Media Marketing Manager
Ivoke
Babar Ahmed Khan
Territory Sales Manager
Engro Foods
Muzammil Baig
Digital Marketing Manager
IT Services Group
Zohaib Ali
Marketing Manager
Digital Online Devices
