Head of Budget Planning, Control & Cost Audit

Freedom24Limassol, LimassolOn-siteFull-timeSenior, 5–8 yearsListed 2 weeks ago

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About this role

Freedom24 is a trusted online broker with expertise in the US, European, and Asian stock markets, registered in Cyprus, and offers a broad range of services in the financial markets.

Freedom Team is a union of highly qualified professionals on the market, bursting with vibrant energy and pioneer ideas. All of us are goal-oriented with a strong belief in teamwork power built on the strength of each of us. We work in a fast-paced environment and within cross-functional teams. We are dedicated to achieving the best possible result, and no one thinks he doesn’t make a change.

If you feel like you’re a good fit for us and we are a good fit for you, go ahead and check this position out.

Strategic Budget Management

- Develop and continuously improve budgeting methodologies (operational, investment, and financial budgets).
- Prepare and consolidate the company-wide budget, including forecasts, scenario analysis, and investment models.
- Organize and manage the planning cycle: task setting, timelines, and deadline control.

Budget Execution Control

- Establish key budget-related KPIs for all business units.
- Perform monthly variance analysis (actual vs. plan), identify root causes, and prepare actionable recommendations.
- Manage budget limits and financial constraints.
- Drive automation of budget control processes (ERP systems, BI solutions).

Cost Audit & Optimization

- Conduct cost audits at the level of departments, projects, and products.
- Develop and implement initiatives to improve efficiency and reduce operating costs.
- Introduce and manage cost-cutting programs; monitor and report achieved savings.
- Organize regular reviews of compliance with financial policies and procedures.

Financial Analytics & Reporting

- Prepare management reports for senior management and the Board of Directors.
- Perform financial modeling and assess the profitability of projects and capital investments.
- Participate in the development of the company’s long-term financial strategy.

Team Leadership

- Build, lead, and develop budgeting and controlling teams.
- Provide mentorship, allocate responsibilities, and evaluate performance.
- Actively participate in the digital transformation of financial processes.

Requirements

- Higher education in Economics or Finance (Finance, Management, Applied Economics, Audit);
- Professional qualifications are a strong advantage: ACCA, CIMA, CPA, MBA;
- 7–10+ years of experience in financial management, budgeting, controlling, and/or audit;
- At least 3–5 years in a managerial or leadership role;
- Experience in large companies, holdings, and/or manufacturing or service industries is
- preferred;
- Strong expertise in:

○ Budgeting (Operating Budget, CAPEX, OPEX, Cash Flow);

○ Management accounting;

○ Financial and operational controlling;

○ ABC/ABM methodologies, driver-based budgeting;

○ Variance analysis and financial reporting;

○ Cost auditing and efficiency assessment.

- Hands-on experience with corporate systems (SAP, Oracle, 1C ERP) and BI tools (Power BI, Tableau);
- Strong financial modeling and factor analysis skills;
- Knowledge of IFRS is an advantage;
- Strategic and system thinking;
- Ability to build processes from scratch;
- Strong leadership and change-management skills;
- Excellent communication and negotiation skills, with the ability to interact with top management;
- High level of organization and attention to detail.

Benefits

- Work in a modern office in the center of Limassol with an open-minded and professional team;
- Relocation package, including reimbursement for flights and accommodation for 1 month;
- Visa sponsorship for the employee and their family members;
- The company covers 50% of the annual cost of the health plan, which the employee can choose with any insurance company;
- Company-provided life insurance;
- 21 working days of paid vacation;
- 12 additional days off per year, provided by the company;
- Paid sick leave;
- Team-building activities, corporate events, football and volleyball clubs, sports events, and challenges.