Assistant Manager/ Manager, Cost and Budgeting, Rapid Innovations, Pakistan

In Financial Accounting & Advisory Services (FAAS) within Assurance, we assist our clients to address the accounting and financial reporting challenges in their business. You will be part of a team that provides insight and services that accelerate analytics, decision-making and innovation to build a stronger and more efficient finance function. You will experience ongoing professional development through diverse experiences, world-class learning and individually tailored coaching.

That is how we develop outstanding leaders who team to deliver on our promises to all of our stakeholders, and in so doing, play a critical role in building a better working world for our people, for our clients and for our communities.

Sound interesting? Well this is just the beginning. Because whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

The opportunity

The prospect will be responsible for driving client’s financial planning cycles, ensuring rigorous cost control, and optimizing liquidity through effective working capital management. This role requires a strong technical understanding of financial modelling, cost accounting, and variance analysis to provide strategic, data-driven insights to Client’s executive leadership and business unit heads.

Key Responsibilities

I. Budgeting & Financial Planning

• Annual Budget & Forecast: Lead the end-to-end annual operating budget preparation and quarterly/monthly forecasting processes, collaborating closely with all Client departments to ensure alignment with Client corporate strategic goals.
• Policy & Procedure: Develop, document, and enforce comprehensive budget policies, cost control procedures, and financial planning guidelines
• Financial Modeling: Build and maintain dynamic, driver-based financial models (e.g., in Excel, Hyperion, or similar FP&A tools) for financial forecasting and long-range planning.

II. Performance Monitoring & Analysis

• Variance Analysis: Conduct in-depth monthly and quarterly variance analysis, comparing actual financial results against budget and forecast.
• Reporting: Prepare clear, concise, and actionable management reports that explain significant budget deviations, identifying root causes and recommending corrective actions to management.

III. Cost Management & Optimization

• Cost Analysis & Allocation: Implement and manage cost accounting systems (e.g., Activity-Based Costing (ABC) ensuring accurate product/service costing and logical allocation of overhead expenses to cost centers.

• Optimization: Lead initiatives to analyze cost structures, identify inefficiencies, and recommend cost-saving measures to improve operational profitability without compromising quality.
• Cost Driver Evaluation: Systematically evaluate key cost drivers using statistical and analytical methods to enhance forecasting accuracy and control mechanisms.

IV. Working Capital & Liquidity Management

• Working Capital Optimization: Monitor and manage key components of net working capital, including Accounts Receivable (AR), Accounts Payable (AP), and Inventory.
• Cash Conversion Cycle: Analyze and identify opportunities to shorten the Cash Conversion Cycle (CCC) by optimizing Days Sales Outstanding (DSO), Days Inventory Outstanding (DIO), and Days Payable Outstanding (DPO).

• Cash Flow Forecasting: Develop and maintain short-term and long-term cash flow forecasts to manage liquidity risk and optimize cash utilization.

Required Qualifications & Skills

Education & Certification

• Education: Minimum MBA (Preferably in Accounting and Finance).
• Certification: Relevant professional certification (e.g., CPA, CMA, or CFA) is strongly preferred.

Technical Skills

• Financial Modelling
• Cost Accounting: In-depth knowledge of GAAP/IFRS and advanced cost accounting methodologies (e.g., ABC, Standard Costing).
• Software Proficiency: Experience with large-scale ERP systems (e.g., SAP, Oracle, NetSuite) and dedicated FP&A/EPM software (e.g., Hyperion, Anaplan, Adaptive Planning).
• Data Visualization: Experience using BI/reporting tools (e.g., Power BI, Tableau) to present complex financial data.

Analytical & Soft Skills

• Analytical Acumen: Exceptional ability to interpret complex financial data, identify trends, and translate technical analysis into clear, strategic business insights.
• Communication: Excellent written and verbal communication skills, with the ability to present financial information effectively to non-financial stakeholders and senior management.
• Business Partnership: Proven ability to build strong relationships and work collaboratively with cross-functional teams
• Proactivity & Detail Orientation: Self-starter with a meticulous approach to data accuracy and the ability to manage multiple deliverables under tight deadlines.

What we offer 

We offer a competitive compensation package where you’ll be rewarded based on performance and recognized for the value you bring to our business. Plus, we offer:  

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.  

• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.  

• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.  

• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.  

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.  
The exceptional EY experience. It’s yours to build.  
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