Manager, Budget & Cost Control (OPEX and CAPEX)

ADNOC; Abu Dhabi; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a seasoned finance professional to lead financial planning and budgeting for OPEX and CAPEX. This role involves providing strategic insights to management, ensuring compliance with financial policies, and driving efficiency in resource allocation. The ideal candidate will possess extensive experience in finance business partnering, strong analytical skills, and a commitment to fostering relationships with stakeholders. Join this dynamic team to make a significant impact on financial strategies and optimize business performance in a collaborative environment.

Qualifications

• 12+ years in finance, controlling, and budgeting roles.
• Expertise in financial modeling and stakeholder management.

Responsibilities

• Manage financial planning and budgeting for OPEX and CAPEX.
• Provide financial insights and ensure compliance with policies.

Skills

Financial Analysis

Budgeting

Stakeholder Management

Financial Modeling

Excel Proficiency

Communication Skills

Education

Bachelor's Degree in Finance/Accounting

Professional Qualifications (CA, CIMA, CPA, ACCA)

Tools

SAP

Hyperion

PowerPoint

Job description

Job Purpose

Manage: 5-year Financial planning and 1-year budgeting of Operating Expenditure (OPEX) and Capital Investment (CAPEX) for ADNOC Distribution; ensure timely reporting and provide business insights on OPEX and CAPEX to management; oversee the delivery of cost optimization initiatives; ensure robust functioning of budgetary controls. Provide financial assurance on CAPEX proposals and act as secretary of the company's investment committee.

Key Accountabilities

Analysis

• Lead and foster strong partnerships with the business to support a robust forecast and planning process, ensuring alignment and transparency of targets; responsible for analyzing budget vs. actuals, flux analyses, total OPEX & CAPEX, and headcount, and providing strategic direction for managing risks, opportunities, and challenges.

Reporting

• Lead the planning, budgeting, and forecasting processes for OPEX & CAPEX, ensuring compliance and standardization across functions in line with the overall finance strategy.

Financial Strategy and Optimization

• Drive efficiency and optimization projects to ensure ROI/KPI-driven resource allocation.
• Support OPEX & CAPEX management to ensure effective P&L management.
• Build key capabilities and centers of expertise on related financial systems and processes to enhance business partner experience and focus on value creation.
• Ensure compliance with financial policies and provide expertise on OPEX & CAPEX management to the business.

Financial Analysis and Reporting

• Provide financial insights and interpretation of rolling estimates, scenarios, and trends to senior management, highlighting implications, risks, and opportunities.
• Conduct balance sheet reviews to ensure accuracy and compliance with standards.
• Analyze business performance, identify issues, and recommend solutions.
• Review and suggest improvements for financial policies and procedures.
• Prepare reports and analyses for management and undertake special projects as needed.

Relationship Management

• Develop and maintain effective relationships with internal and external stakeholders, including service providers and government authorities, ensuring high standards of ethics and service delivery.
• Coordinate with auditors to ensure transparent and efficient audit processes.

Minimum Requirements

• Bachelor's Degree in Finance/Accounting or equivalent, with professional qualifications such as CA, CIMA, CPA, ACCA.
• Minimum 12 years of experience in controlling, finance business partnering, planning, and budgeting roles.
• Experience in developing narratives for business plans and budgets.
• Proficiency in Excel (financial modeling and forecasting) and PowerPoint (creating management narratives).
• Detailed knowledge of SAP and Hyperion systems.
• Strong stakeholder management skills.
• Excellent written and oral communication skills.