Senior Analyst, Budget & Cost Control (Site)

ADNOC; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading oil and gas company in Abu Dhabi is seeking a professional to handle cost controlling activities, budget preparation, and financial analysis. You will ensure alignment with finance policies while supporting management's decision-making with accurate reports. The ideal candidate has a university degree in Finance and at least 5 years of experience in financial analysis. Proficiency in SAP and strong Excel skills are essential for success in this role.

Qualifications

• At least 5 years of relevant experience in planning, controlling, and financial analysis.
• Strong presentation and communication skills.
• Excellent financial modeling skills.

Responsibilities

• Perform cost controlling activities in line with Finance policies.
• Assist in preparing budgets and monitoring budget performance.
• Provide ad hoc financial analysis reports to support management.

Skills

Fluency in English

Financial modeling skills

Data collection

Analysis and presentation

Attention to detail

Teamwork

Commercial awareness

Education

University degree in Business, Finance, or related discipline

Tools

SAP

Excel

PowerPoint

Business Warehouse

Job description

JOB PURPOSE

The jobholder is responsible for performing cost controlling activities for the respective functions in line with Finance policies, procedures, and practices, while ensuring adequate and efficient expenditure.

The jobholder also assists in preparing budgets by generating monthly financial reports, monitoring budget performance, and exercising cost control to meet approved budgets.

This role includes providing ad hoc financial analysis reports with forecasts to support management decision-making, preparing presentation materials (XLT, ELT, BAC & Board), and monthly operations performance reporting (including commercial production losses, flaring, quality, upsets, FC, VC, etc.). It involves analyzing, developing, and preparing various financial reports to provide accurate, sufficient, and integrity information about the company, facilitating timely and relevant decision-making documentation.

THE POSITION IS BASED IN RUWAIS SITE, ABU DHABI, UAE.

KEY ACCOUNTABILITIES

Budgeting & Cost Control

• Maintain the Budgetary Control System through commitment control and monitor actual expenditures versus the budget to prevent overruns without management approval.
• Participate in annual budget compilation for overhaul, normal capital, and major revenue expenditure schemes.
• Coordinate monthly and quarterly budget revisions, variance analysis, and reporting; analyze the financial impact of budget changes to avoid overruns or underspending.
• Investigate budget performance deviations and assess their causes.
• Prepare monthly financial statements such as P&L and Balance Sheet, compare with the budget, and prepare final accounts during year-end closing.
• Analyze current and past spending patterns, forecast revenue, and recommend budget adjustments.
• Coordinate with external auditors during interim and final audits, providing analytical reviews as needed.
• Develop, interpret, and implement complex financial and accounting techniques for planning, analysis, and control.
• Evaluate profit plans, operating records, and financial statements.
• Participate in studies to evaluate project efficiency and effectiveness, recommending changes as needed.

Financial Analysis & Reporting

• Prepare ad hoc analyses such as profitability and fixed costs analysis to support management decisions.
• Provide comprehensive monthly reports on company performance, gathering input from various users.
• Review and distribute monthly reports internally.
• Prepare presentations and financial materials as directed by management.
• Provide quarterly phasing of cost elements, work breakdowns, and cash flow schedules for budgeting and forecasting.
• Analyze data and prepare variance reports comparing actual vs. budget and current vs. previous months.
• Monitor monthly business and financial results proactively, highlighting issues and proposing corrective actions.
• Build and update financial models, develop new reporting solutions, and implement report formats and delivery methods.
• Update ADNOC SAP-BPC with necessary information.
• Provide statistical data as required, e.g., export data to ADNOC and group companies.
• Clarify end-user queries on Delegation of Authority and update DOA as per management directives.
• Perform other related duties as assigned by the manager.

Business Performance Support

• Support processes for preparing the Balanced Scorecard and ensure KPI alignment across the organization.
• Collaborate with the Business Planning team to review the Corporate and Functional Balanced Scorecard regularly.
• Prepare presentations for review with XLT and seek approval.
• Analyze performance indicators regularly and propose corrective actions.
• Improve the process of reviewing the Functional Balanced Scorecard.
• Support performance management activities, including KPI cascading across Borouge.
• Update ADNOC BI system and SAP Strategy Management System monthly.
• Provide analysis to support management decision-making and prepare financial reports and Balance Scorecards for the Finance function.

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS

Minimum Qualification

• University degree in Business, Finance, or related discipline.
• Fluency in English, written and oral.

Minimum Experience & Skills

• At least 5 years of relevant experience in planning, controlling, and financial analysis.
• Proficiency in data collection, analysis, and presentation.
• Excellent financial modeling skills.
• Knowledge of SAP.
• Strong presentation and communication skills.
• Expertise in Excel, PowerPoint, and Business Warehouse.
• Attention to detail, teamwork, achievement orientation, commercial awareness, and initiative to stay updated.

Professional Certifications

• Preferred certifications include Financial Management certifications such as CFA, CPA, CMA, etc.