Budget Control & Compliance Supervisor (Internal Audit)

Budget Monitoring and Control:Participate in the quarterly & yearly budget process, contributing to the development of realistic and achievable budgets.Calculate and roll out approved budgets to the store and department levels, ensuring alignment with overall financial targets.Actively monitor actual spending against approved budgets on an ongoing basis.Develop and maintain robust tracking mechanisms and reports to highlight budget variances.Proactively identify potential overspending or underutilization and communicate findings to the Finance Director and relevant department heads.Investigate and analyze budget variances, providing clear explanations and recommendations for corrective actions.Ensure all spending requests are thoroughly reviewed for budget alignment and proper authorization 2. Compliance and Policy Enforcement:Strictly enforce the company's financial policies and procedures related to budgeting and expenditure.Ensure all financial transactions comply with internal controls and relevant regulations.Identify and report any instances of non-compliance or potential violations of budget guidelines.Assist in the development and implementation of internal controls to strengthen budgetary discipline.Provide guidance and training to other departments on budget policies and procedures. 3. Reporting and Analysis:Prepare regular and ad-hoc budget performance reports for the Finance Director and senior management.Analyze spending patterns for approval procedureAssist in the preparation of budget forecasts and financial planning activities.Contribute to the development of key performance indicators (KPIs) related to budget control. 4. Collaboration and Communication:Work closely with department heads and budget owners to understand their financial needs and challenges.Communicate effectively and assertively regarding budget compliance and any identified issues.Collaborate with the accounting team to ensure accurate recording of financial transactions.