Head of Budget Planning, Control & Cost Audit

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.

Work arrangement
No