Title:  Budget Specialist

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Reporting to: Marketing Budget Controller 

Duty Post: BGC, Taguig

Application Duration: This job posting will remain open until the vacancy is filled. 

Budget Specialist 

To support Marketing Budget Controller and Marketing Director in consolidating, reviewing & managing the Marketing Allowances and Investments for Planning Cycles, partnering with Marketing Budget Owners in ensuring understanding financial impact of business decisions, driving improvements to enhance budgetary control, and ensuring delivery of forecast through month and year end closing monitoring and reporting.

The incumbent is expected to build good working relationship and working closely with Marketing and Finance functions.

They are the main contact for Marketing business owners in supervising plan and actual spend. They are to demonstrate robust accountability and ownership for their responsibilities, acknowledging the gravity and scope of meticulously handling the Marketing Department's investments. Finally, the incumbent is required to maintain Marketing Budget Controller and Marketing Director well informed of any variables, processes limitations of fault management ahead of each Financial Cycle, providing analysis on root cause and appropriate adjustment/corrections

As a  Budget Specialist, you will be responsible for:
 

Main Areas of Responsibility

1. Corporate Planning Submissions

-Work closely with budget owners within function to ensure accuracy, completeness andpredictability of budget

-Challenge assumptions and perform necessary financial analysis (e.g. trends, reasonableness,efficiency, risk and opportunities)

-Work closely with Financial Planning & Analysis Team in managing Marketing budgetrequirements and spending for consideration to financial forecast and business performance management

2. Business Partnership

-Work closely with Business Owners and, when necessary, coach and guide them (i.e., adherence to Goods Receipt-Invoice Receipt and procurement processes – echoing the need for timely entries and compliance)

-Conduct periodic review with budget owners to raise awareness of the importance of providing quality financial data

-Foster collaboration and establish positive relationships with collaborators, demonstrating a great teammate attitude. Champion Territory Approach and, the empowerment of the Field Organization but, at the same time constructively challenging to evolve its financial planning capabilities and accuracy.

3. Financial Advisory

-Provide advisory to budget owners in managing the spending and phasing forecast

-Track budgets and spendings to ensure that there is no possible over spendings or spendings without approvals. Ensure measures are in place to effectively complete M&S programs without any potential control issues or fraud risks.

-Consult the Marketing Budget Controller to enable decentralization of Marketing plans and expenditure, ensuring balance of appropriate governance measures are in place and, efficient processes to enable Commercial Business Units to implement its strategies.

4. Period Closing Monitoring and Reporting

-Provide periodic reports on spending status and where necessary highlight areas of concern to management for corrective action as necessary

-Take proactive approach in reviewing monthly close process to align and achieve management target

-Assist on review of Accruals to faciliate closure or settlement, further enhancing budget predictability.

5. Other ad hoc

Perform other ad hoc analysis as requested by the Marketing Budget Controller or Marketing Director, and necessitated by business requirements

Requirements:
 

University Degree in Accounting or equivalent experience is required.

Work Experience: Strong financial analytical skills, preferably 3+ years of planning and reporting experience with multi-national FMCG.

Language Skills: Excellent written and spoken English.

Functional Skills:

•Strong MS application skills especially in MS Excel and exposure in SAP and Business

Warehouse (BW)

•Possess effective communication style, people person and good presentation and influencing skills.

•We are seeking individuals who show creativity, flexibility, and a dedication to customer happiness.

•Able to handle deadlines under tight time pressure.

•Ability to work with great level of details as well as overall view simultaneously.

•Ability to connect the dots.

•Strong financial analysis and business insight.

•Has high learning agility and adaptability to evolving business environment.

Are you ready to join us? Build your success story at JTI. Apply now!

Next Steps:

After applying, if selected, please anticipate the following within 1-3 weeks of the job posting closure: Phone screening with TA > Assessment tests > Interviews > Offer. Each step is eliminatory and may vary by role type.

At JTI, we strive to create a diverse and inclusive work environment. As an equal-opportunity employer, we welcome applicants from all backgrounds. We are committed to providing reasonable adjustments to applicants with special needs. If you require any accommodations, please let the Talent Advisor know during the selection process.