Senior Budget Analyst - Joint Ventures

ADNOC Abu Dhabi UAE; Abu Dhabi Emirate; On-site; AED 279,000 - 391,000; Full time

Job summary

ADNOC Group in Abu Dhabi seeks a Senior Budget Analyst for Joint Ventures to coordinate budgets, forecasts, and financial reporting across multiple divisions. You will help consolidate budgets, monitor variances, and support shareholder reporting.

The role requires strong coordination with financial controllers and management, with advanced expertise in capital and operating budgets, depreciation, and audit support.

Qualifications

• Bachelor's degree in Accountancy or another relevant financial discipline.
• 8+ years of relevant professional experience in budgeting and financial planning.
• Experience with JV/Associated Venture accounting and shareholder reporting.

Responsibilities

• Coordinate preparation of Original Budgets and Spring Forecasts for Joint and Associated Ventures.
• Consolidate divisional budget submissions into accurate company-level financial reports.
• Monitor expenditure against approved budgets and investigate material variances.
• Prepare mandatory budget and expenditure reports for shareholders and management.
• Maintain fixed asset and depreciation schedules; coordinate Fixed Assets Register updates.
• Support internal and external audit activities and respond to budget-related queries.
• Direct and supervise assigned personnel in preparing budgets and related analyses.
• Review budget submissions for completeness and alignment with financial guidelines.

Skills

Budget preparation

Budget consolidation

Budget forecasting

Capital budgeting

Operating budgets

Budget variance analysis

Financial reporting

Joint Venture accounting

Shareholder reporting

Audit support

Education

Bachelor's degree in Accountancy

Job description

Job Snapshot

Role: Senior Budget Analyst - Joint Ventures

Location: Abu Dhabi, United Arab Emirates

Industry: Oil and Energy

Function: Budgeting/Cost Control

Experience: Minimum 8 years of relevant experience

Job Type: Full-time

Position Overview

The Senior Budget Analyst - Joint Ventures opportunity in Abu Dhabi, United Arab Emirates within the Oil and Energy industry is responsible for coordinating, consolidating, and delivering accurate budgets, forecasts, management accounts, and financial reporting for Joint and Associated Ventures. The role manages Original and Spring Forecast budgeting cycles, monitors expenditure performance, supports shareholder reporting, maintains fixed asset and depreciation schedules, and ensures capital and operating expenditure remain aligned with approved financial controls.

Job Details

Country: United Arab Emirates

City: Abu Dhabi

Industry: Oil and Energy

Function: Budgeting/Cost Control

Salary: 25000-35000 Estimated salary range based on similar jobs in Abu Dhabi; please confirm the final offer with the employer.

Gender: Any

Candidate Nationality: Any

Job Type: Full-time

Role Context

This position plays a central role in financial planning and management accounting for Joint and Associated Ventures. The Senior Budget Analyst works across divisions and financial control teams to consolidate operating and capital budgets, monitor actual expenditure, prepare shareholder reports, and maintain accurate financial records for major projects and assets. The role requires close coordination with Financial Controllers, Responsibility Officers, divisional management, auditors, and shareholder representatives. It combines budgeting, forecasting, variance analysis, capital expenditure control, fixed asset accounting, depreciation reporting, and periodic account preparation within a structured corporate finance environment.

Key Responsibilities

• Coordinate preparation of Original Budgets and Spring Forecasts for Joint and Associated Ventures.
• Consolidate divisional budget submissions into accurate company-level financial reports.
• Ensure budgeting activities are completed within approved schedules and in accordance with company procedures.
• Monitor expenditure against approved budget limits and investigate material over-runs and under-runs.
• Analyze actual expenditure against budget and identify significant financial variances.
• Prepare mandatory budget and expenditure reports for shareholders and management.
• Ensure budget processes comply with established financial policies, procedures, and reporting requirements.
• Prepare consolidated Fixed Assets and Depreciation Schedules for shareholder reporting.
• Maintain accurate financial information relating to existing and newly commissioned assets.
• Coordinate updates to the Company Fixed Assets Register for new and existing projects.
• Support internal and external audit activities by responding to budget-related queries.
• Prepare financial explanations, schedules, reconciliations, and supporting information requested by auditors.
• Direct and supervise assigned personnel involved in preparing Capital and Operating budgets.
• Review divisional budget submissions for completeness, accuracy, and alignment with financial guidelines.
• Coordinate with Financial Controllers across operating divisions during budget and forecast preparation.
• Track progress of budget submissions and ensure work is completed in accordance with established guidelines.
• Liaise with user departments and divisions to obtain confirmation, clarification, and feedback on submitted financial data.
• Collate expenditure inputs from multiple spending departments into consolidated budget reports.
• Prepare supporting materials for management budget presentations.
• Produce budget summaries, variance reports, dry-run analyses, and other financial presentation materials.
• Assist in preparing formal budget presentations for management and shareholder review.
• Attend budget meetings and provide financial clarification where required.
• Coordinate with relevant divisions to obtain financial information on capital projects and major maintenance schemes.
• Ensure capital and maintenance expenditure assumptions are properly reflected in planning cycles.
• Coordinate timely preparation of monthly, quarterly, and final accounts for Joint and Associated Ventures.
• Review financial reporting packages for completeness and accuracy before submission.
• Monitor monthly expenditure reports against approved budgets.
• Review all significant charges appearing in monthly financial statements and expenditure reports.
• Highlight unusual or significant deviations between actual and planned expenditure.
• Investigate financial anomalies and coordinate required corrections.
• Alert Responsibility Officers and Divisional Managers to unusual expenditure trends or emerging budget risks.
• Maintain appropriate documentation supporting budget performance and variance analysis.
• Coordinate and control capital commitments and expenditure associated with major projects and maintenance works.
• Review financial statements and Authorizations for Expenditure against approved capital budgets.
• Monitor financial commitments associated with plant, equipment, projects, and major maintenance programs.
• Alert relevant Financial Controllers to unbudgeted capital expenditure items.
• Support effective financial control over capital and operating expenditure throughout the reporting cycle.
• Plan, supervise, and coordinate assigned financial activities to achieve section objectives.
• Train and develop assigned staff in budgeting, financial control, and reporting processes.
• Provide input into section and departmental budgets and assist with implementation of approved financial plans.
• Investigate significant financial variances to support performance and cost control.
• Implement approved finance policies, processes, systems, standards, and procedures.
• Support achievement of approved performance objectives within the finance function.
• Identify opportunities to improve budgeting, forecasting, consolidation, and management accounting processes.
• Develop tools and techniques that improve the quality, accuracy, and efficiency of financial reporting.
• Benchmark internal financial processes against relevant best practices and ISO requirements where applicable.
• Comply with HSE policies, sustainability requirements, applicable legislation, and ADNOC Codes of Practice.
• Provide inputs for section MIS and progress reports submitted to company management.
• Maintain effective working relationships with line management, divisional finance teams, shareholders, auditors, consultants, and other external parties.

Ideal Profile

The successful candidate should hold a Bachelor 's degree in Accountancy or another relevant financial discipline.

A minimum of 8 years of relevant professional experience is required, including substantial experience in budgeting, accounting, management accounts, financial planning, or cost control.

Candidates should demonstrate strong practical knowledge of operating and capital budgets, financial forecasting, expenditure monitoring, variance analysis, fixed asset accounting, depreciation schedules, and monthly and quarterly reporting.

Experience working with Joint Ventures, Associated Ventures, shareholder reporting, or complex multi-division financial structures would be particularly valuable.

The role requires strong coordination skills and the ability to consolidate financial information from multiple stakeholders while maintaining accuracy, consistency, and compliance with approved financial procedures.

Candidates should also be comfortable supporting audits, reviewing capital commitments, preparing management presentation materials, and communicating financial issues clearly to senior stakeholders.

Relevant professional certifications in accounting, finance, management accounting, or financial planning would be advantageous where applicable.

Skills Set

• Budget preparation
• Budget consolidation
• Budget forecasting
• Spring Forecast
• Capital budgeting
• Operating budgets
• Budget variance analysis
• Cost control
• Management accounting
• Joint Venture accounting
• Associated Venture accounting
• Shareholder reporting
• Financial planning
• Financial forecasting
• Monthly accounts
• Quarterly accounts
• Final accounts
• Financial reporting
• Expenditure monitoring
• Budget performance analysis
• Capital expenditure control
• Capital commitments
• Authorization for Expenditure
• Fixed asset accounting
• Fixed Assets Register
• Depreciation schedules
• Financial consolidation
• Management reporting
• Audit support
• Internal audit coordination
• External audit coordination
• Financial reconciliations
• Management presentations
• Variance reporting
• Financial controls
• Major maintenance budgeting
• Project financial monitoring
• MIS reporting
• Finance process improvement
• Stakeholder coordination
• Supervisory skills

Why Join Us

This position offers experienced finance professionals the opportunity to work at the center of budgeting, forecasting, management accounting, and shareholder reporting for complex energy ventures. The role provides broad exposure to capital and operating expenditure management, Joint Venture finance, fixed asset accounting, audit coordination, budget presentations, and financial governance, creating a strong platform for further progression in senior finance, planning, and management accounting roles.

About the Company

ADNOC Group is a leading diversified energy organization wholly owned by the Abu Dhabi Government. Founded in 1971, ADNOC operates across the energy value chain and plays a major role in the economic growth and energy security of Abu Dhabi and the United Arab Emirates. Its large-scale operations require disciplined financial planning, strong budgetary control, accurate management reporting, and effective stewardship of capital and operating expenditure across its businesses and ventures.