Brief description of the position:

This position is responsible for coordinating and managing the budget in the Y department of Volkswagen (China) Technology Co. The role involves budget planning, prioritizing resource allocation and aligning financial resources with strategic targets to ensure operational efficiency.

Key Tasks:

• Formulate and manage mainly YD/YT/YA and other department's comprehensive budget plan, including Investment budgets, overhead budgets incl.budget. Ensure departmental spending alignment with strategic objectives and financial targets.
• Lead the systematic collection of budget data, including OP 5-year plan, annual budget, and monthly forecasts, mainly for YD/YT/YA departments.
• Consolidate and validate departmental submissions to ensure accuracy, completeness, and alignment with organizational objectives.
• Act as the main point of contact between BU and corporate finance, ensuring smooth data flow and resolving discrepancies.
• Develop integrated budget dashboards and reports using advanced data visualization tools to present consolidated performance metrics.
• Conduct year-over-year comparative analysis to identify trends, variances, and potential risks or opportunities. Prepare executive-level reports that summarize budget performance, forecast accuracy, and budget adherence for management review.
• Design and implement standardized templates and workflows for purchase requisition approvals, new budget requests, and monthly forecasting. Establish clear guidelines for reporting frequency, deadlines, and approval steps to ensure consistency and accountability.
• Collaborate with the finance department to develop budget optimization initiatives, identify opportunities for cost optimization, supporting the finance organization in achieving year-over-year budget efficiency improvements target.
• Execute structured monthly, quarterly, and semi-annual budget utilization reviews, comparing actual expenditures against forecasted and budgeted figures. Identify significant variances, analyze root causes, and communicate findings with relevant stakeholders to enable proactive course correction.
• Fixed asset management of corresponding departments under VCTC-Y.