Senior Analyst, Budget & Cost Control (Site)

JOB PURPOSE

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

The jobholder is responsible to assist in the preparation of the budgets by preparing the monthly financial reports and monitor budget performance and exercise cost control to ensure meeting the approved budgets.

This roles includes; providing ad hoc financial analysis reports with forecasts to support management decision making by preparing presentation materials (XLT, ELT, BAC & Board), Monthly operations performance reporting (Commercial production losses, Flaring, Quality, Upsets, FC, VC, etc.), analyzing, developing and preparing various financial reports, ensuring to provide correct, sufficient and integrity information about the Company, to ensure developing a timely and relevant decision making documentation.

KEY ACCOUNTABILITIES

Budgeting & Cost Control

1. Maintain Budgetary Control System through commitment control and monitor the actual expenditures versus the budget to ensure no overruns are incurred without the management approval.
2. Participate in the annual Budget compilation for overhaul and normal capital and major revenue expenditure schemes.
3. Coordinate monthly and quarterly budget revision and variance analysis and reporting and provide analyses on the financial impact of changes in the budgets to avoid over-run expenditure or under expenditure variances.
4. Perform specific investigations into budget performance and or deviations and assesses the causes.
5. Prepare the monthly financial statements such as P&L and Balance Sheet, compare these with the monthly budget, and prepare final accounts during year end annual closing.
6. Analyze current and past spending patterns and forecasts revenue to make recommendations for budget appropriations.
7. Liaise with external auditors during interim and final audit to ensure timely provision of analytical review to auditors as needed.
8. Develop, interpret, and implement complex financial and accounting concepts or techniques for financial planning, analysis, and control.
9. Evaluate complex profit plans, operating records, and financial statements.
10. Participate in studies to evaluate the efficiency and effectiveness of projects and recommends changes where needed.

Financial Analysis & Reporting

1. Prepare ad-hoc analysis to support management decision making e.g. in the form of profitability analysis and fixed costs analysis.
2. Responsible for providing comprehensive report about company performance by gathering input from different users on monthly basis.
3. Review the monthly reports and distribute internally.
4. Prepare presentations and other financial materials as per management directions.
5. Provide Quarterly Phasing of Cost Element / Work Breakdown, phasing, and cash flow schedules to be incorporated into the budget, projected expenditure of carry over schemes, and forecast of re-allocation of maintenance costs and overhaul manpower.
6. Analyze data and prepare financial variances report actual vs. budget/current month vs. last month reports.
7. Proactive monitoring and analysis of monthly business/financial results and highlight issues to Reporting Controller. Proactive corrective actions proposals.
8. Use of financial models on ad hoc basis and build reporting solutions based on both existing and new requirements, prototypes, models, design, and implement new report formats, layouts, and delivery methods.
9. Update ADNOC SAP-BPC with the information as required by ADNOC.
10. Responsible for providing statistics as and when required e.g. to provide export data to ADNOC and other ADNOC group companies.
11. Clarify end user query on Delegation of Authority and update DOA as per Management direction.
12. Perform other similar or related duties as assigned by Manager.

Business Performance Support

1. Support underlying process for preparation of Balanced Scorecard and ensure alignment of KPI cascading across the organizations.
2. Liaise with Business Planning team to receive and review Corporate and Functional Balanced Scorecard on a regular basis.
3. Prepare presentation to be reviewed with XLT and seek their approval and endorsement.
4. Regular review and analysis of performance indicators and proactive corrective action proposals.
5. Continuous improvement in the Functional Balanced Scorecard review process.
6. Perform tasks aimed at supporting performance management process including those related to KPI cascading across Borouge.
7. Update on monthly basis ADNOC BI system and SAP Strategy Management System (SSM).
8. Provide analysis to support management decision making.
9. Prepare financial reports.
10. Prepare Balance Scorecards-Finance Functional BSC.

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS

Minimum Qualification

1. University degree in Business, Finance, or any related discipline.
2. Fluency in English Language; written and oral.

Minimum Experience & Knowledge & Skills

1. Minimum of 5 years of relevant experience on planning, controlling, financial analysis.
2. Excellent in collecting and analyzing data as well as presenting information.
3. Excellent in financial modelling.
4. SAP knowledge.
5. Very good presentation and communication skills.
6. Expert knowledge of excel, power point, business warehouse.
7. Concern for order and quality, teamwork & cooperation, achievement orientation, commercial/business awareness, and initiative to keep expertise up to date are required behaviors to be reflected in every activity performed.

Professional Certifications

1. Preferred to be certified in Financial Management, i.e. CFA, CPA, CMA, etc.