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Job Details: Budget Controller

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Reference	CAN247
Recruiter	Thales
Industry Sector	Accounting/Finance, Financial controller
Salary	Negotiable
Locations	Rest of the World, Toronto - Ontario
Contract Type	Permanent
Date Posted	25 February 2010

Job Description
DESCRIPTION Thales is a leading international electronics and systems group, serving the defence, aerospace, and security markets worldwide. We employ 70,000 people in 50 countries, and generate annual revenues of more than EUR13bn. Leveraging a global network of more than 20,000 high-level researchers, Thales offers an unmatched capability to develop and deploy critical information systems. Located in Toronto, Ontario, Thales Rail Signalling Solutions designs, supplies and installs signalling systems to control railway traffic with maximum safety. We are a world leader and pioneer in critical railway applications and we are shaping the signalling industry with our advanced solutions. Thales is known for its People1st philosophy and provides a competitive salary and benefits package. Join a dynamic and fast paced organization which is growing as a result of exciting new domestic and international projects. To support our development, we are looking for a: BUDGET CONTROLLER Functionally Reports to: CORPORATE CONTROLLER Day-to-Day Task Direction from: GROUP LEAD, FINANCIAL PLANNING & ANALYSIS Based in Toronto This position is in the Financial Planning and Analysis team within the Finance Control department. The Finance Control department is responsible for financial accounting and reporting, custodial duties, financial planning & analysis and managing financial/tax audits in a dynamic, fast paced multinational environment. This position plays a pivotal role in managing strategic planning, budgeting and forecast processes for the departments of Thales Rail Signalling Solutions Canada Inc. (TRSSI) and Thales Transport & Security Inc. (TT&S) based in Pittsburgh, USA. The long-term nature and complexity of our engineering contracts requires close monitoring of labour rates and cost absorption of department expenses. As a critical function of this role, this responsibility ensures maximum cost recovery from existing contracts and new prospective business opportunities pursued in our bidding process. This position is responsible for monthly variance analysis of department costs relative to plan, cost trend analyses and forecasting as well as recommendations for enhanced cost control and operational efficiencies. This position has the following specific responsibilities: Overall Provide accurate financial reporting on a timely basis. Manage and maintain effective cost control with department budgets in a complex and changing environment. Educate and train operational managers on key financial figures and definitions to enhance accountability for department performance. Facilitate effective communication with operational management. Budget Process Ensure preparation and management of department budgets are consistent with the Strategic Plan (3 year) of the company. Manage effective cost control on department budgets in line with project and operational initiatives for the budget year (Headcount, Direct Department Costs, Shared Services Costs, Productive Hours). Validate the rationale for department budgets (Costs, Labour rates, Productive hours) in liaison with operational managers, directors and the management team. Propose different what-if scenarios to support the management team in effective decision making. Propose standard rates for the upcoming budget year across the company (labour, simulator laboratory, production and other direct overhead). Communicate the final budget to all operational managers. Ensure Purchase Orders and new hire requests are compliant with budget. Assist in the compilation of the Balance Sheet in liaison with the extended Finance team. Monthly Cycle Validate actual rates relative to budget standards ensuring a clear understanding of the variances and pursuing prompt appropriate action if material. Analyze the variance between budgeted and actual expenses for departments and investigate variances with department managers for appropriate action if applicable. Provide timely monthly reporting to operational managers within 10 days of the month-end close. Provide detailed analyses for productive and non-productive hours on a monthly basis to assist department managers in monitoring budgets for prompt follow-up Quarterly review with operational managers to review their reports and to ensure accessibility, clear understanding and consistent interpretation of results Forecast Coordinate and liaise with operational managers to prepare bi-annual forecasts (potentially quarterly if required) on the expenses and productive hours for the year. Perform monthly reviews of cost absorption from departments and monitor significant variances from budget. Work with department managers to explain any major deviations and drive appropriate action plans to address them. Provide management with a monthly detailed analysis on variances from budget/forecast. Assist in the revision of the Balance Sheet at least bi-annually. Cost Structure Maintain a clear mapping of the department cost centre hierarchy in the business system (SAP) in liaison with the General Accounting Manager. Internal Controls Assist in the co-ordination of the monthly Finance schedule on all key activities and reporting deadlines Ensure compliance with Thales policies and procedures. Maintain updated process documentation of Financial Planning and Analysis activities. OTHER Assist the Group Lead with reporting requirements for monthly Operational Business Reviews and Annual Budget Ideally you have: 6+ years minimum relevant work experience. University degree in Business or Finance Professional Accounting designation (CMA, CGA) Proven analytical and conceptual abilities Practical accounting knowledge Results and customer oriented with demonstrated initiative Strong organizational and time management abilities in a fast paced environment Highly developed communication and interpersonal skills High energy and drive with the ability to work with minimal supervision Experience with ERP systems (SAP preferred) Advanced knowledge of Excel, Access, PowerPoint and Word is mandatory We offer: An attractive compensation package and benefits The opportunity to work on a variety of programs A career development plan tailored to your needs offering real possibilities of evolution The opportunity to join an ambitious and dynamic Group which invests in R&D and is recognized for the technical excellence of its products

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Job Details: Budget Controller

This Job Has Expired

Job Description