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.