An administrative budget deals with the administrative side of running a business such preparing an official, detailed financial plan for an upcoming period for a business. An administrative budget is usually prepared on an annual or quarterly basis and identifies the costs of running an operation that are not tied to producing a product or service. The costs can include those associated with nonproduction and supervisory payroll, depreciation, amortization, consulting, sales, dues and fees, legal fees and marketing, rent and insurance. Production payroll may include sales staff, accounting personnel, managers, clerical staff and other support staff members not involved in productionAn administrative budget is a formal breakdown of all planned expenses, allowing managers to make estimations and measure progress so as it enables management to exercise control of the daytoday activities of the business.Job Responsibilities Administrative budget managers must evaluate the financial needs of programs, develop organizational budget strategies and make presentations before top executives Able to develop an organizations budget and overseeing its implementation in the field of finance. Able to review proposals, prepare financial documents and make sure that the organization remains in compliance with financial goals, final budgets and industry regulations during the developmental and implementation stages of the budget process Able to compile and analyze accounting records and other data to determine the financial resources required to implement a program and direct the preparation of regular and special budget reports Able to consult with managers to ensure that budget adjustment is made in accordance with program changes Capable of performing thorough inspection and analysis on budget granted against the claim to discern over usage of the budget than stipulated amount. Able to undertake and provide assurances on budget granted by your decision as a budget manager Capable of taking legal against any dishonor and corrupted personnel on the instant. Able to examine the SOP documents and validate for right and accuracy Able to edify and provide guidelines to personnel under your management Able to keep filing of documents such claim notes and other substantial forms on daily basis as well as performing data entries Able to establish Budget policies for carrying out budget directives and maintains accounting controls by preparing and recommending policies and procedures Able to analyze monthly department budgeting and accounting reports to maintain expenditure controls Able to review operating budgets to analyze trends affecting budget needs Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations Summarize budgets and submit recommendations for the approval or disapproval of funds requests Perform costbenefits analyses to compare operating programs, review financial requests, and explore alternative financing methods Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation Documents financial transactions by entering account information Prepares payments by verifying documentation Report, analyze, and ensure integrity of Budget Controlling Other duties assigned by Management
Job posted: 24.11.2020