Budget Controller

Bounty Hunter World; Doha; On-site; QAR 200,000 - 400,000; Full time

Job summary

A leading company in the Oil & Gas sector is seeking a Budget Controller to manage budget preparation and compliance for projects. The role involves close coordination with project teams, ensuring budget accuracy in SAP, and providing financial analysis. Candidates should have a degree in financial accounting, relevant experience, and strong analytical skills.

Qualifications

• At least 7 years of relevant experience in project cost budget control.
• Experience in the Oil & Gas industry preferred.
• Fluency in English is a must.

Responsibilities

• Prepare Annual Budgets and ensure accurate mapping in SAP.
• Review reallocation journal/expenditure in SAP FI.
• Provide solutions on budget issues and ensure timely processing of invoices.

Skills

Analytical skills

Problem-solving skills

Attention to detail

Adaptability

Education

University/college degree in financial accounting

CPA, ACCA, CGMA or equivalent

Tools

SAP (PS, MM modules)

MS Office applications

Database knowledge

Job description

mselect is looking to hire a Budget Controller for a oil and gas operator in Doha, Qatar. Candidates must have at least 7 years of relevant experience in project cost budget control, experience in the Oil & Gas industry is preferable. Fluency in English is a must.

Key Responsibilities

• Prepare Work Program and Budget pack for Annual Budgets (CAPEX/OPEX/NON-ROUTINE) and ensure it is accurately mapped in SAP
• Prepare Budget Revisions/Supplementary Budget and ensure appropriate justification and supporting documentation is valid and enough
• Prepare AFEs with accuracy and ensure the requested AFE is following Policy and Procedures
• Ensure compliance with and implementation of approved Budget Control Procedures and Work Instructions
• Review reallocation journal/expenditure postings in SAP FI and advise proper allocation of AFE number and WBS Element
• Work in close coordination with the cost, planning & project team to ensure proper and timely recording of expenditure through Service Entry Sheets
• Provide solutions to the project team on budget issues and ensure invoices are processed and returned to Finance for payment within target dates
• Justify monthly and quarterly variance and ensure the reasons are valid and obtain mitigation measures from cost, planning & project team
• Review the project status, CWIP and Completion Certificates to ensure the capitalization process is in line with Policy and Procedures
• Participate in continuous improvement of budget control activities
• Capacity to prepare ad-hoc reports for specific budget and cost analyses when required
• Provide on-the-job coaching & development of staff

Requirements

• A university/college degree in financial accounting or CPA, ACCA CGMA or equivalent
• At least 7 years of relevant experience in project cost budget control
• Experience in the Oil & Gas industry is preferable
• Effective analytical and problem-solving skills with attention to detail Ability to adapt to changing priorities and manage multiple tasks simultaneously
• Performs routine duties independently and refers to Line Supervisors on non-routine work
• Working knowledge in SAP (e.g. PS, MM modules) is essential
• Good knowledge of MS Office applications and Database particularly in Excel and PowerPoint

*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.

BH-MS0919

Bounty Hunter World