Oil & Gas Budget & Cost Analysis Analyst

ADNOC Gas Plc

Abu Dhabi

On-site

AED 180,000 - 300,000

Full time

2 days ago

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Job summary

ADNOC Gas Plc in Abu Dhabi seeks a seasoned finance professional to participate in budgeting and the Five Year Plan, monitor expenses, prepare accruals and monthly payments, and reconcile with the General Ledger.

The role consolidates revenue, operating and manpower budgets for Marketing, Supply & Trading, Logistics and related functions; it requires 6 years in Oil & Gas or petrochemicals and strong accounting software knowledge.

Qualifications

Bachelor’s degree in Commerce, Accounting, Finance or equivalent.
6 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.

Responsibilities

Receive and calculate revenue budgets from the Planning teams, check to ensure their conformity to formats, criteria and policy guidelines.
Receive the Operating plan from the various Functions of Marketing Supply & Trading Directorate to calculate and add the estimated cost. Participate in the preparation, coordination and consolidation of Revenue, Operating, Manpower, Logistics Supply & Trading budget- both annual and Five Year Plan’s for both Directorate and Business Line.
Update Budget records to include all expenditures related to Operating and Logistics Budgets for analysis and reporting for both Directorate and Business Line.
Prepare monthly, quarterly and yearly financial reports, reconciliation/ variance analysis reports pertaining to sales and cost performance for review. Participate in the Five Year Business Plan.
Monitor expenses to ensure that they are within the budget limits. Highlight variances from approved budgets and reports to supervisor accordingly.
Follow up SAP and any other system approved by management ensuring documents received by Directorate, processed and sent to Finance & Investment Directorate.
Prepare accruals and monthly payments; reconcile with the general ledger and forwards to Finance & Investment Directorate for cash flow preparation purposes. This includes checking trial balance, identifying expenses not charged for the month, investigating, etc.
Monitor and input codes to the Directorates sales invoices and payments to ensure proper allocation to the ADNOC financial system. Ensure that payments are as per agreements.
Perform other related duties as directed by the Supervisor.
Carry & document Client Financial Performance Reports.