Senior Analyst, Budget & Cost Control

Job Purpose

Plan the preparation and consolidation of annual budget for the Directorate and participate in the Five-Year Business Planning. Review and analyze the requirements and highlight variances and submit it for review and necessary action. Review financial policies, systems, and procedures to ensure their alignment with the approved financial agreements and accounting principles. Monitor the Directorateu2019s budget performance to ensure departmentsu2019 performance falls within the approved budgets through reporting variances to the management. Coordinate all financial matters for the Directorate and prepare the monthly, quarterly, and annual costs report against the approved budget.

Job Specific Accountabilities

Budgetary Planning & Implementation

• Review the preparation of monthly, quarterly, and annual financial performance reports of PC&CS Directorate.
• Assist the Vice President, Budget & Cost Control in planning and implementing procedures for budget preparation and attend budget related meetings.
• Provide clarifications, guidance, and support to Functions in the preparation of their draft budgets.
• Review Submitted Business Plan from functions.
• Assist in conducting challenging sessions with all Functions throughout the budget exercise from the initial preparation to post first draft submission to identify basis of budget and highlight potential saving areas.
• Assist in presenting the draft budget to senior management for review.
• Provide support during the Functional Budget Review exercise and consolidate the outcome of the exercise to be presented to management.
• Prepare regular presentations to the Management and Director related to results, feedback, and outcomes for decision-making purposes.
• Analyze, evaluate and recommend adjustments to the financial plans and working programs related to PC&CS budgets.
• Prepare actual revenue and expenses against budget and analyze the utility financial performance and present it to the senior management with justifications. Make projections of year-end expenses.

• Assist in the accurate and smooth monthly and Year End closing of accounts by reviewing the Functionu2019s submitted accruals to ensure the accuracy of the reported figures.
• Develop, enhance, maintain budget-monitoring tools, and coordinate the production of monitoring reports.
• Identify significant variances and deviations from approved budgets and ensure availability of the funds.
• In coordination with respective Functions, assist in analysing actual financial performance by Functions in Group Companies and assist in presenting reasons for significant variance along with proposed actions to senior management, as well as Business Line Directorates, as required

u00A0

Financial Studies & System Development Role

• Support in the development of the financial system of Directorate in collaboration with Group Information Technology Function and Finance & Investment Directorate.

Generic Accountabilities

Supervision

• Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
• Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.

Budgets

• Provide input for preparation of the Departmentu2019s budgets and assist in the implementation of the approved Budget and work plans to deliver Department objectives.
• Investigate and highlight any significant variances to support effective performance and cost control.

Policies, Systems, Processes & Procedures

• Implement approved Department policies, processes, systems, standards and procedures in order to support execution of the Department work programs in line with Company and International standards.

Performance Management

• Contribute to the achievement of the approved performance objectives for the Department in line with the Company Performance framework.

Innovation and Continuous Improvement

• Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
• Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards to define intelligent solutions for issues confronting the function.

Generic Accountabilities (continue)

Health, Safety, Environment (HSE) and Sustainability

• Comply with relevant HSE policies, procedures & controls and applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.

Reports

• Provide inputs to prepare Section MIS and progress reports for Company Management.

Internal Communications & Working Relationships

• Regular contacts with Management on Budget & Cost Control processes.
• Regular contacts with Finance & Investment Directorate.
• Frequent interactions with the Group Information Technology staff.
• Any other Directorate / Function, as required. Regular contacts with management or ADNCO group companies for Sectionu2019 business.

External Communications & Working Relationships

• Frequent contacts Local/international vendors, consultants, and professional organizations.

Minimum Qualification

Bachelor's degree in Commerce, Accounting, Finance or equivalent.

Minimum Experience, Knowledge & Skills

• 8 years of experience in Oil and Gas or Petrochemical Industry related to Marketing Budget, Contracts, Accounting and Financial Analysis.
• Very good knowledge of relevant accounting software.

Professional Certifications

As applicable

Work Condition, Physical effort & Work Environment

Physical Effort

Minimal u2013 regular walking, standing and keyboard use, as required.

Work Environment

Mostly air-conditioned environment.u00A0 Exposed to prevailing environmental conditions during plant visit.

Additional Details

Job Family / Sub Family: Finance / Management Accounts