Budget Control Manager - Construction Projects

Description

We are looking for a Budget Control Manager to join our Construction Department and lead the financial control of large-scale renewable energy projects in Israel and worldwide.

The role combines responsibility for budget planning and control, cash flow management, collaboration with financing institutions and senior management, and a direct impact on the successful delivery of the company’s projects.

Responsibilities

• Lead the planning and budgeting processes for renewable energy projects in Israel and internationally, from the development stage through project completion and handover.
• Manage, monitor, and control project budgets throughout the full project lifecycle, including actuals vs. budget analysis, cost forecasting, and Estimate at Completion (EAC) / Estimate to Complete (ETC).
• Provide ongoing support and guidance to Project Managers on budgeting, risk management, resource allocation, financial control, and coordination across internal and external stakeholders.
• Prepare comprehensive management reports and present an integrated view of project performance, including trend analysis, identification of variances, and actionable recommendations to support decision-making.
• Lead budget change-control processes, including preparation of budget approval requests and updates in line with project progress.
• Lead financial risk management processes, conduct lessons-learned reviews, and implement insights across future projects.
• Manage project cash flows, including equity and lender funding calls, intercompany fund transfers, foreign exchange hedging, and support throughout financing processes.
• Support the opening of bank accounts in Israel and abroad and maintain ongoing relationships with banks, lenders, advisors, and other financing stakeholders.
• Work closely with senior management, financing institutions, external auditors, and various business units across the organization.

Requirements

• Bachelor’s degree in Economics, Business Administration, Industrial Engineering & Management, or Accounting - required.
• 5-8 years of experience in budget control, project controls, financial PMO, or budget management for complex projects - required.
• Previous experience in a project-based, industrial, construction, infrastructure, or energy company, or at a leading consulting firm - a significant advantage.
• Proven experience managing significant CAPEX budgets, cost forecasting, and project performance control.
• Strong analytical skills with the ability to understand and analyze complex financial data.
• Ability to work effectively in a matrix environment, manage multiple stakeholders, and handle multiple priorities simultaneously.
• Advanced proficiency in Excel and ERP systems - required.
• Experience with SAP - an advantage.
• Fluent English, both written and spoken - required.
• Strong presentation and communication skills, with the ability to effectively present insights and recommendations to senior management and business stakeholders.
• Willingness to travel abroad for business purposes occasionally, approximately 3-4 times per year.