Budget and Cost Control Specialist - Marketing, Supply and Trading

ADNOC Abu Dhabi UAE; Abu Dhabi; On-site; AED 280,000 - 520,000; Full time

Job summary

ADNOC Group in Abu Dhabi seeks a seasoned Budget and Cost Control Specialist to drive budgeting, cost control and financial reporting for its Marketing, Supply and Trading operations.

The role requires 6+ years in budgeting and accounting within oil and gas, with strong SAP capabilities, and will involve collaboration with planning teams to consolidate budgets and monitor expenditures.

Qualifications

• Minimum 6 years of experience in the oil and gas or petrochemical industry.
• Experience in marketing budgets, contracts, accounting and financial analysis.
• Very good knowledge of relevant accounting software.

Responsibilities

• Prepare and consolidate budgets for revenue, operating, manpower, logistics, marketing, supply and trading.
• Monitor expenditure against approved budgets and report variances.
• Prepare monthly, quarterly and annual financial reports.
• Reconcile accruals, payments and general ledger.
• Follow SAP and other approved financial systems for documentation.
• Provide financial analysis to support planning and decision making.

Skills

Budgeting

Financial analysis

Contract management

Accounting

Cost control

Education

Bachelor's degree in Commerce, Accounting, Finance

Tools

SAP

ERP systems

Job description

Budget and Cost Control Specialist - Marketing, Supply and Trading Job Snapshot - Role: Budget and Cost Control Specialist - Marketing, Supply and Trading - Location: Abu Dhabi, United Arab Emirates - Industry: Oil and Energy - Function: Budgeting/Cost Control - Experience: Minimum 6 years in budgeting, contracts, accounting and financial analysis within the oil and gas or petrochemical industry - Job Type: Full Time - Work Arrangement: On-site

ADNOC Group is seeking a Budget and Cost Control Specialist to support financial planning, expenditure monitoring and management reporting activities within its Marketing, Supply and Trading operations. The role contributes to the preparation, coordination and consolidation of annual revenue, operating, manpower, logistics, marketing, supply and trading budgets, as well as the Five-Year Business Plan. It involves working with planning teams and business functions to validate budget submissions, calculate estimated costs and maintain accurate financial records for both Directorate and Business Line requirements. The successful candidate will monitor expenditure against approved budgets, analyse financial variances, prepare accruals and monthly payments, and reconcile accounting information with the General Ledger. The position also supports cash flow planning through coordination with the Finance & Investment Directorate. A strong background in financial analysis, cost allocation, accounting systems and budget reporting within the oil and gas or petrochemical industry is essential.

Job Details - Country: United Arab Emirates - City: Abu Dhabi - Industry: Oil and Energy - Function: Budgeting/Cost Control - Salary: Not disclosed - Gender: No Preference - Candidate Nationality: Not specified - Job Type: Full Time - Work Arrangement: On-site

Key Responsibilities

Budget Preparation and Consolidation

• Receive revenue budget information from Planning teams and calculate the relevant budget requirements.
• Review submitted revenue budgets to ensure compliance with approved formats, criteria and policy guidelines.
• Obtain operating plans from the various functions within the Marketing, Supply and Trading Directorate.
• Calculate and incorporate estimated operating costs into the relevant budget submissions.
• Participate in the preparation and consolidation of annual revenue, operating, manpower, logistics, marketing, supply and trading budgets.
• Coordinate budget information for both Directorate and Business Line requirements.
• Support the development of financial inputs for the Five-Year Business Plan.
• Review budget submissions for consistency, accuracy and completeness before consolidation.
• Coordinate with relevant functions to clarify financial assumptions and supporting calculations.

Budget Monitoring and Expenditure Control

• Monitor operating and logistics expenditure against approved budget allocations.
• Update budget records to reflect expenditures incurred by the Directorate and Business Line.
• Maintain accurate financial information to support budget analysis and management reporting.
• Review expenditure trends and identify significant deviations from approved budgets.
• Investigate budget variances and provide supporting explanations.
• Highlight expenditure exceeding or potentially exceeding approved budget limits.
• Report significant variances and financial concerns to the Supervisor.
• Support effective expenditure control through timely financial monitoring and analysis.

Financial Reporting and Variance Analysis

• Prepare monthly, quarterly and annual financial reports relating to revenue, sales and cost performance.
• Develop reconciliation and variance analysis reports for supervisory review.
• Analyse actual financial results against approved budgets and relevant financial plans.
• Evaluate sales and expenditure information using appropriate accounting codes.
• Identify significant financial movements and investigate differences requiring clarification.
• Prepare supporting financial schedules and analytical information for management reporting.
• Ensure financial reports are accurate, complete and submitted for review within required reporting periods.
• Contribute relevant financial information to annual planning and Five-Year Business Plan activities.

Accruals, Payments and General Ledger Reconciliation

• Prepare monthly expense accruals and payment documentation.
• Reconcile accruals and payments with the General Ledger.
• Review trial balances to identify discrepancies and outstanding accounting matters.
• Identify expenses that have not been charged during the relevant accounting period.
• Investigate missing charges, accounting differences and other reconciliation issues.
• Prepare supporting information for the accurate recognition and allocation of expenses.
• Forward reconciled financial information and relevant documentation to the Finance & Investment Directorate.
• Support cash flow preparation by providing accurate accrual, payment and expenditure information.
• Maintain appropriate records of reconciliations and financial adjustments.

Financial Systems and Accounting Documentation

• Follow up on financial transactions and documentation processed through SAP and other management-approved systems.
• Ensure relevant financial documents received by the Directorate are processed and forwarded to the Finance & Investment Directorate.
• Monitor the allocation of accounting codes to Directorate sales invoices and payments.
• Enter and verify financial codes to support accurate recording within ADNOC 's financial systems.
• Review payment documentation to ensure amounts and conditions are consistent with applicable agreements.
• Identify coding discrepancies and coordinate appropriate corrections.
• Maintain accurate records supporting financial reporting, budget monitoring and transaction reconciliation.
• Support the consistent application of approved accounting procedures and financial documentation requirements.

Sales and Cost Performance Analysis

• Analyse sales revenue and associated costs for the Directorate and Business Line.
• Review financial performance using relevant accounting classifications and cost codes.
• Compare reported financial results with budgeted values to identify material differences.
• Prepare financial analysis supporting supervisory review of sales and expenditure performance.
• Investigate unusual cost movements and provide supporting explanations.
• Contribute to the assessment of financial performance against approved operating plans.
• Maintain reliable financial information for ongoing budget monitoring and management decisions.

Client Financial Performance Reporting

• Prepare and document Client Financial Performance Reports.
• Collect and review relevant financial information required for client performance assessments.
• Analyse financial data to support the accuracy of client performance reporting.
• Maintain supporting records and documentation for completed reports.
• Submit relevant findings and financial information for supervisory review.
• Coordinate with concerned functions to clarify reporting information where required.

Financial Coordination and Administrative Support

• Work with Planning teams to obtain and validate revenue budget information.
• Coordinate with Marketing, Supply and Trading functions to consolidate operating plans and associated costs.
• Liaise with the Finance & Investment Directorate regarding accruals, payments, reconciliations and cash flow information.
• Follow up on outstanding financial documentation and accounting matters.
• Provide financial analysis and reporting support to the Supervisor.
• Carry out other related duties as directed by the Supervisor.

Qualifications and Experience

Minimum Education - Bachelor 's degree in Commerce, Accounting, Finance or an equivalent qualification.

Professional Experience

• Minimum 6 years of experience in the oil and gas or petrochemical industry.
• Experience related to marketing budgets, contracts, accounting and financial analysis.
• Very good knowledge of relevant accounting software.

Technical Knowledge and Skills

• Budgeting and Financial Planning
  • Knowledge of annual budget preparation, coordination and consolidation.
  • Understanding of revenue, operating, manpower and logistics budgeting requirements.
  • Ability to calculate estimated costs based on operating plans.
  • Knowledge of budget monitoring and expenditure control.
  • Ability to support long-term business planning and financial projections.
  • Understanding of financial planning requirements within marketing, supply and trading operations.
• Accounting and Financial Reconciliation
  • Knowledge of accrual accounting and monthly payment processing.
  • Ability to reconcile accounting transactions with the General Ledger.
  • Understanding of trial balance reviews and expense recognition.
  • Ability to identify unrecorded expenses and investigate accounting discrepancies.
  • Knowledge of financial coding and cost allocation practices.
  • Understanding of payment verification against contractual agreements.
• Financial Analysis and Reporting
  • Ability to prepare monthly, quarterly and annual financial reports.
  • Strong numerical and financial analysis capabilities.
  • Knowledge of budget variance analysis and cost performance reporting.
  • Ability to analyse sales revenue and expenditure information.
  • Attention to accuracy and consistency in financial records.
  • Ability to prepare supporting financial schedules and client performance reports.
• Accounting Systems
  • Very good knowledge of relevant accounting software.
  • Ability to work with SAP and other approved financial management systems.
  • Understanding of financial transaction processing and documentation workflows.
  • Ability to maintain accurate budget and expenditure records.
  • Knowledge of accounting code allocation and financial system reconciliation.
• Professional Competencies
  • Strong analytical and numerical skills.
  • Accuracy and attention to detail in financial calculations and reporting.
  • Effective organization and financial record management.
  • Ability to investigate financial discrepancies and budget variances.
  • Good communication and coordination with finance and operational teams.
  • Ability to manage recurring financial reporting requirements.
  • Sound understanding of expenditure monitoring and cost control.
  • Ability to follow approved financial procedures and reporting guidelines.
  • Commitment to accurate, timely and reliable financial information.

Professional Certifications - As applicable to the position.

The Budget and Cost Control Specialist supports ADNOC Group 's Marketing, Supply and Trading financial operations through accurate budget preparation, expenditure monitoring, accounting reconciliation and performance reporting. The position contributes to effective financial control and business planning by ensuring reliable cost information, timely variance analysis and coordinated financial reporting across the Directorate and Business Line.