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
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
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
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 prospects without impacting quality
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
Audit & Compliance Support