Manager - Joint Venture Budgeting

ADNOC Abu Dhabi UAE; Dubai; On-site; AED 312,000 - 469,000; Full time

Job summary

ADNOC Group in Dubai, United Arab Emirates, is seeking a Manager - Joint Venture Budgeting to lead budgeting, forecasting, and financial reporting across Joint and Associated Ventures. You will coordinate budgets, monitor expenditures, and ensure timely consolidation for shareholder reporting.

The role requires extensive experience in corporate budgeting, capital and operating budgets, fixed assets, and management reporting.

Qualifications

• Substantial professional experience in corporate budgeting, forecasting, and financial control.
• Experience with Joint Ventures and shareholder reporting is valuable.
• Strong ability to consolidate multi-department financial information and explain variances.

Responsibilities

• Coordinate preparation and consolidation of Original Budgets and Spring Forecasts for Joint and Associated Ventures.
• Ensure budgets/forecasts are issued accurately and timely to shareholders and venture companies.
• Monitor expenditure against budgets; investigate over-runs and under-runs.
• Prepare mandatory financial and budget reports for shareholders and management.
• Ensure budgeting processes comply with company policies and reporting requirements.
• Prepare consolidated fixed asset and depreciation schedules for shareholder reporting.
• Respond to budget-related queries from auditors and provide explanations.
• Direct and supervise personnel involved in budgets for company divisions.
• Coordinate with divisional controllers during Original and Spring Forecast budgets.
• Monitor budget preparation progress and ensure submissions follow guidelines.
• Consolidate inputs from multiple areas into comprehensive budget reports.
• Prepare supporting information for management budget presentations and variance analyses.
• Support development of budget presentations and participate in meetings.
• Coordinate with divisions to obtain financial information for capital projects and maintenance.
• Ensure monthly, quarterly and final accounts are prepared and consolidated on deadlines.
• Maintain Fixed Assets Register updates for new and existing projects.
• Review monthly expenditure against budgets and maintain controls.
• Investigate material deviations and coordinate corrective actions.
• Alert leadership to unusual expenditure trends and financial transactions.
• Monitor capital commitments and expenditure for projects, plants, and maintenance.
• Review expenditure documentation against approved capital budgets.
• Notify asset controllers when unbudgeted expenditure is identified.
• Plan and coordinate budgeting/financial control activities to meet objectives.
• Train assigned employees in budgeting, reporting, and controls.
• Provide financial input for department budgets and support work plans.
• Investigate variances and recommend actions for cost control.

Skills

Corporate budgeting

Joint Venture budgeting

Associated Venture budgeting

Original Budget preparation

Spring Forecast preparation

Budget consolidation

Financial forecasting

Budget variance analysis

Expenditure monitoring

Cost control

Capital budgeting

Operating expenditure

Capital expenditure

Capital commitment control

Financial consolidation

Management reporting

Shareholder reporting

Fixed asset accounting

Fixed Assets Register

Depreciation schedules

Monthly financial reporting

Quarterly financial reporting

Final accounts coordination

Authorization for expenditure

Budget presentation

Financial analysis

Audit support

Financial controls

Forecast variance investigation

Major maintenance budgeting

Financial reporting procedures

Budget performance monitoring

Job description

Job Snapshot

• Role: Manager - Joint Venture Budgeting


• Location: Dubai, United Arab Emirates


• Industry: Oil and Energy


• Function: Budgeting/Cost Control


• Experience: Relevant budgeting and financial control experience required


• Job Type: Full-time

Job Details

• Country: United Arab Emirates


• City: Dubai


• Industry: Oil and Energy


• Function: Budgeting/Cost Control


• Salary: 28000-42000 Estimated salary range based on similar jobs in the job city; please confirm the final offer with the employer.


• Gender: Any Candidate Nationality: Any Job Type: Full-time

Role Context

The Manager - Joint Venture Budgeting provides financial coordination across Joint and Associated Ventures by bringing together operating and capital budgets, forecasts, fixed asset information, expenditure reports, and supporting financial schedules. The position works closely with divisional Financial Controllers, Responsibility Officers, management, shareholders, auditors, and venture companies to maintain reliable budget information and timely financial reporting. The role also strengthens expenditure control by identifying budget variances, investigating unusual transactions, monitoring capital commitments, and ensuring management receives accurate information for financial decisions.

Key Responsibilities

• Coordinate preparation and consolidation of Original Budgets and Spring Forecasts for Joint and Associated Ventures.


• Ensure completed budgets and forecasts are issued accurately and within agreed timelines to shareholders and relevant venture companies.


• Monitor expenditure against approved budget limits and investigate significant over-runs and under-runs.


• Prepare mandatory financial and budget reports for shareholders and management.


• Ensure budgeting processes comply with approved company procedures, financial policies, and reporting requirements.


• Prepare consolidated fixed asset and depreciation schedules for shareholder reporting.


• Respond to budget-related queries raised by internal and external auditors and prepare supporting explanations and documentation.


• Direct and supervise personnel involved in preparing operating and capital budgets for company divisions.


• Coordinate with divisional Financial Controllers throughout preparation of Original and Spring Forecast budgets.


• Monitor budget preparation progress and ensure submissions follow approved guidelines and assumptions.


• Obtain confirmation and financial input from user departments and operating divisions.


• Consolidate spending inputs from multiple business areas into comprehensive budget reports.


• Prepare supporting information for management budget presentations, including summaries, variance analysis, and financial review materials.


• Support development of budget presentations and participate in management budget meetings.


• Coordinate with relevant divisions to obtain financial information relating to capital projects and major maintenance programs.


• Ensure monthly, quarterly, and final accounts for Joint and Associated Ventures are prepared and consolidated within reporting deadlines.


• Coordinate timely maintenance and updating of the company Fixed Assets Register covering new and existing projects.


• Review monthly expenditure reports against approved budgets and maintain appropriate expenditure controls.


• Examine charges recorded within monthly financial reports and investigate material deviations between actual expenditure and budget.


• Identify accounting or expenditure anomalies and coordinate corrective actions.


• Alert Responsibility Officers and Divisional Managers to unusual expenditure trends or financial transactions.


• Monitor and control capital commitments and expenditure relating to projects, plants, equipment, and major maintenance activities.


• Review financial statements and authorization-for-expenditure documentation against approved capital budgets.


• Notify Asset Unit Financial Controllers when unbudgeted capital expenditure is identified.


• Plan and coordinate assigned budgeting and financial control activities to achieve functional objectives.


• Train and develop assigned employees in relevant budgeting, reporting, and financial control processes.


• Provide financial input for Section and Department budgets and support execution of approved work plans.


• Investigate material financial variances and recommend actions supporting cost and performance control.


• Implement approved policies, processes, systems, standards, and procedures within the budgeting function.


• Contribute to departmental performance objectives in accordance with the company performance framework.


• Introduce tools and techniques that improve budgeting accuracy, financial reporting quality, and process efficiency.


• Identify process improvements using recognized financial management and ISO-based practices.


• Comply with applicable HSE, sustainability, legal, and ADNOC Code of Practice requirements.

Ideal Profile

The successful candidate should have substantial professional experience in corporate budgeting, financial forecasting, expenditure control, management reporting, and financial consolidation within a large organization. Experience supporting Joint Ventures, Associated Ventures, shareholder reporting, capital budgeting, and multi-division financial planning will be particularly valuable. Candidates should be capable of coordinating complex budgeting cycles, consolidating financial information from multiple departments, analysing actual expenditure against approved budgets, and explaining significant variances to senior stakeholders. A strong understanding of fixed assets, depreciation schedules, capital commitments, operating expenditure, capital expenditure, forecast preparation, and financial controls is important. The role also requires confidence when working with Financial Controllers, auditors, operational departments, shareholders, Responsibility Officers, and senior management.

Skills Set

• Corporate budgeting


• Joint Venture budgeting


• Associated Venture budgeting


• Original Budget preparation


• Spring Forecast preparation


• Budget consolidation


• Financial forecasting


• Budget variance analysis


• Expenditure monitoring


• Cost control


• Capital budgeting


• Operating expenditure


• Capital expenditure


• Capital commitment control


• Financial consolidation


• Management reporting


• Shareholder reporting


• Fixed asset accounting


• Fixed Assets Register


• Depreciation schedules


• Monthly financial reporting


• Quarterly financial reporting


• Final accounts coordination


• Authorization for expenditure


• Budget presentation


• Financial analysis


• Audit support


• Financial controls


• Forecast variance investigation


• Major maintenance budgeting


• Financial reporting procedures


• Budget performance monitoring

Why Join Us

This position provides broad exposure to budgeting and financial control across complex Joint and Associated Ventures within a major Oil and Energy organization. The role offers direct involvement in shareholder reporting, capital expenditure oversight, forecasting, fixed asset management, budget consolidation, and senior management financial reporting. For an experienced finance professional, the position provides an opportunity to strengthen expertise in large-scale energy budgeting while influencing expenditure discipline, financial transparency, and effective allocation of capital across strategically important operations.

About the Company

ADNOC Group is an integrated energy organization with activities spanning exploration, production, drilling, processing, logistics, refining, petrochemicals, and related energy operations. Its complex portfolio includes major ventures and capital-intensive operations that depend on disciplined budgeting, financial forecasting, expenditure control, and accurate shareholder reporting to support sustainable business performance.