Prashanthi Balamandira Trust is expanding its partnerships with corporate donors and institutions, necessitating solid financial governance, transparency, and data-driven decision-making.
Asst Manager – Cost Control will be responsible for/assisting in establishing and managing a robust budgetary control and costing framework across all programs. The role will focus on budgeting, variance analysis, cost optimization, and generating actionable insights such as cost per student, cost per patient, cost per meal, etc. This role will also be responsible for getting the budgets and variances approved by the board of trustees.
Key Responsibilities
1. Budgeting & Financial Planning
- Develop annual and periodic budgets for all departments, projects, and programs
- Coordinate with department heads to prepare realistic and aligned budgets
- Consolidate and present budgets for management and Board approval
- Support long-term financial planning and forecasting
2. Budgetary Control & Variance Analysis
- Monitor actuals vs budget on a monthly/quarterly basis
- Identify, analyze, and report variances with actionable insights
- Establish a structured variance approval and escalation framework
- Present variance reports to senior management and Board
3. Costing & Unit Economics
- Design and implement costing models across the Trust
- Compute and track key cost metrics such as:
- Cost per student
- Cost per patient / treatment
- Cost per meal
- Cost per outreach program
- Develop cost allocation methodologies across shared services
- Identify cost optimization opportunities without impacting quality
4. Systems & Process Implementation
- Assist the implementation of budgetary control processes within ERP systems (SAP or equivalent)
- Automate budgeting, tracking, and reporting workflows
- Ensure standardization of templates, formats, and approval workflows
- Strengthen internal financial controls and documentation