Budget Manager at Lions Sightfirst Eye Hospital

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.

Required Skills and Competencies

• Strong budgeting, financial planning, and forecasting skills.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Office applications, particularly advanced Excel, and financial management systems.
• Strong analytical and financial modelling capabilities.
• Knowledge of management accounting principles and budget control processes.
• Strong organizational and project coordination skills.
• Ability to interpret financial data and provide actionable recommendations.
• Strong attention to detail and accuracy.
• Ability to work collaboratively with multidisciplinary teams.
• High level of professionalism, integrity, and accountability.

Expected Outcomes

• Accurate and timely preparation of annual budgets and financial forecasts.
• Effective monitoring and control of departmental and organizational budgets.
• Improved financial planning and resource allocation across the hospital.
• Timely identification and resolution of budget variances.
• Enhanced cost management and operational efficiency.
• Reliable financial analysis to support management decision-making.
• Compliance with approved budgets, financial policies, and reporting requirements.
• Improved financial sustainability through effective budget management and planning.