Senior Analyst, Budget & Cost Control (Site)

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 the preparation of budgets by creating 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), monthly operations performance reports (such as commercial production losses, flaring, quality, upsets, FC, VC, etc.), analyzing, developing, and preparing various financial reports, ensuring accurate, sufficient, and integrity information about the company to facilitate timely and relevant decision-making documentation.

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 the 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 and forecast revenue to recommend budget adjustments.
• Liaise with external auditors during interim and final audits to ensure timely analytical reviews.
• Develop, interpret, and implement complex financial and accounting concepts 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 analyses, to support management decision-making.
• Provide comprehensive monthly performance reports based on input from various users.
• Review internal reports and prepare presentations and financial materials as directed by management.
• Provide quarterly phasing of cost elements, work breakdowns, and cash flow schedules for budget incorporation and expenditure forecasting.
• Analyze data and prepare variance reports comparing actual vs. budget and current vs. previous month.
• Monitor monthly business and financial results proactively, highlighting issues and proposing corrective actions.
• Utilize financial models and develop reporting solutions based on new and existing requirements, designing and implementing new report formats and delivery methods.
• Update ADNOC SAP-BPC with necessary information.
• Provide statistical data as required, e.g., export data to ADNOC and other group companies.
• Clarify end-user queries regarding Delegation of Authority and update as per management instructions.
• Perform other related duties as assigned by the manager.

Business Performance Support

• Support the preparation of the Balanced Scorecard and ensure KPI cascading across the organization.
• Coordinate with the Business Planning team to review the corporate and functional Balanced Scorecard regularly.
• Prepare presentations for review and approval by XLT.
• Conduct regular performance indicator reviews and propose corrective actions.
• Enhance the process of reviewing the Functional Balanced Scorecard.
• Support performance management tasks, including KPI cascading and updates on ADNOC BI and SAP SSM systems.
• Provide analysis to support management decisions and prepare related financial reports and scorecards.

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.
• Strong skills in data collection, analysis, and presentation.
• Expertise in financial modeling.
• SAP knowledge.
• Excellent presentation and communication skills.
• Proficiency in Excel, PowerPoint, and Business Warehouse.
• Attention to detail, teamwork, achievement orientation, commercial awareness, and initiative are essential behaviors.

Professional Certifications

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