Budget Manager

GENERAL PURPOSE OF THE JOB:

The Budget Manager is responsible for preparing and overseeing the consolidated annual budget and schedules. The incumbent diligently monitors and analyzes budgetary performance, comparing actual revenue and expenses against the budget on a monthly and quarterly basis. The incumbent also provides accurate and comprehensive monthly reports and board presentation materials, offering key insights and recommendations to support informed decision-making. Additionally, the incumbent will assist in the overall financial planning & analysis, whether for existing or proposed projects of the Company.

DUTIES AND RESPONSIBILITIES

Budget and Controls

• Leads the preparation and presentation of the Company's annual consolidated budget, including financial and operational forecasts, as requested by management. This includes Balance Sheet, Profit & Loss and Cash Flow statements, along with supporting schedules;
• Monitors and reviews operational, administrative, and capital expenditure (CAPEX) of PHC, and project cost budgets on a monthly basis, ensuring accuracy and adherence to budgetary guidelines;
• Reviews and evaluates project budgets and transfer requests, ensuring alignment with overall financial objectives and project requirements.
• Conducts thorough reviews of purchase requisitions to verify proper budget allocation and correct general ledger (GL) account charging; and
• Reconciles PHC's real estate product inventory in the accounting system with manual reporting, coordinating necessary adjustments and ensuring accurate representation in the system;

Management Reports

• Prepares comprehensive reports and consolidates presentation materials for distribution to PHC Audit Committee and Board;
• Generates variance analyses, cash flow reports, sensitivity analyses, revenue analytics, and other relevant reports to support management decision-making and financial performance evaluation;
• Reviews monthly leasing reports submitted to the President, providing insights and recommendations for leasing strategies and revenue optimization; and
• Evaluates and reviews the monthly rolling forecast of projected P&L to achieve the NIAT target

Business Development

• Assist the Business Development Department in their project studies; performs financial evaluations for new projects and real estate products, assessing their viability and potential impact on the company's financial performance; and
• Assist in the listing process of managed projects, providing financial expertise and support in compliance with regulatory requirements.

Other tasks

• Coordinates with Treasury Team to fulfill the company's bank financing requirements
• Coordinates the Insurance Application and Renewal Requests to concerned departments for approval of the Controller and CFO, to be submitted to the Treasury Department.
• Provides necessary information and responds to quarterly/annual due diligence inquiries from the banks;
• Consolidate and organize documents for management approval; and
• Performs other tasks as may be assigned by the Controller depending on the exigencies of the organization.

JOB PROFILE

Educational Background

• Must have at least an educational attainment equivalent to a bachelor/college degree, preferably in Accountancy
• Must be a Certified Public Accountant

Professional Background

• Minimum of eight (8) years of work experience in the related field, preferably in the property management or real estate industry;
• With at least two (2) years of managerial or people-handling experience;

Knowledge Requirements

• Knowledgeable in operating computerized accounting systems/ financial software, preferably SAP;
• Knowledgeable in cost accounting, budget preparation, financial planning & analyses;
• Knowledgeable in preparing financial statements;
• Knowledgeable in different budgeting methods, budget monitoring, and variance analysis

Skills Requirements

• Must have strong analytical and critical thinking skills;
• Must have strong organizing skills;
• Must have strong oral and written communication skills;
• Must have strong budgeting and costing skills;
• Must have strong foresight and planning skills

Ability Requirements

• Must be meticulous and keen on details;
• Able to work under pressure and address complex challenges and find solutions; and
• Ability to manage deliverables and accomplish tasks in a timely manner

𝐏𝐇𝐂 𝐢𝐬 𝐚 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐭𝐡𝐚𝐭 𝐯𝐚𝐥𝐮𝐞𝐬 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐭𝐲, 𝐄𝐪𝐮𝐚𝐥𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧. 𝐖𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐝 𝐭𝐨 𝐛𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚 𝐭𝐞𝐚𝐦 𝐰𝐢𝐭𝐡 𝐝𝐢𝐯𝐞𝐫𝐬𝐞 𝐭𝐚𝐥𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐬𝐤𝐢𝐥𝐥𝐬 𝐫𝐞𝐠𝐚𝐫𝐝𝐥𝐞𝐬𝐬 𝐨𝐟 𝐛𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝𝐬 𝐚𝐧𝐝 𝐜𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐚𝐧 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭 𝐭𝐡𝐚𝐭 𝐫𝐞𝐬𝐩𝐞𝐜𝐭𝐬 𝐚𝐧𝐝 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐬 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬.