Requirements
Requires a Bachelor's degree in accountancy or a relevant discipline and 8 years of experience, including at least 8 years in budgeting/accounting functions. The role involves coordinating, consolidating, and producing joint venture budgets, monitoring expenditure variances, preparing reports, and supervising assigned personnel.
Description
Job description / Role
Job Type
Full Time
Job Location
UAE
Nationality
Any Nationality
Salary
Not Specified
Gender
Not Specified
Arabic Fluency
Not Specified
Job Function
Accounting & Audit
Company Industry
Oil & Gas / Energy
Job purpose
Co-ordinates, consolidates and ensures timely production of joint and associated ventures budget - original and spring forecast to be issued to shareholders and to relevant associated venture companies.
Job specific accountabilities (part 1)
Monitors expenditure variances with budget limits and investigates over/under runs. Prepares mandatory reports to shareholders and management. Ensures all the budget processes are in line with the company procedures.
Prepares the consolidated fixed assets and depreciation schedules for shareholders. Attends to internal and external auditors on their budget queries and prepares necessary replies.
Directs and supervises the activities of assigned personnel involved in the preparation of capital and operating budgets for the company’s divisions.
Co-ordinates with financial controllers in respective divisions and directs the preparation of original and spring forecast budgets for main joint and associated ventures. Monitors progress and ensures that work performed is in accordance with budget guidelines.
Refers to user departments/divisions for their confirmation/feedback. Collates and consolidates all spenders' input into a single budget report.
Ensures timely and accurate preparation of supporting materials for budget presentation to management such as summaries, dry runs and variance. Assists in the preparations of budget presentations, attends and participates in budget meetings.
Co-ordinates with concerned divisions to obtain necessary information on capital and major maintenance schemes.
Co-ordinates and ensures timely preparation of monthly/quarterly/final accounts for joint and associated ventures.
Co-ordinates and ensures timely consolidation, update and production of company fixed assets register for new and existing projects.
Monitors expenditure reports on monthly basis against budget to ensure budget performance within the division is appropriately controlled and documented at all times. This includes reviewing all charges appearing on the monthly expenditure reports, highlighting significant variance between the budget and actual expenditure, investigating and correcting anomalies, and alerting responsibility officers/divisional managers on unusual items.
Co-ordinates and controls the capital commitment and expenditure of all capital and major maintenance works such as plants and equipment by reviewing related financial statements/authorization for expenditure as per approved capital budget. Alerts assets units financial controllers of unbudgeted capital items.
Job specific accountabilities (part 2)
(Content not provided)
Job specific accountabilities (part 3)
(Content not provided)
Generic accountabilities
Supervision
Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.
Budgets
Provide input for preparation of the section/department budgets and assist in the implementation of the approved budget and work plans to deliver section objectives.
Investigate and highlight any significant variances to support effective performance and cost control.
Policies, systems, processes & procedures
Implement approved section/department policies, processes, systems, standards and procedures in order to support execution of the section’s/department work programs in line with company and international standards.
Performance management
Contribute to the achievement of the approved performance objectives for the section/department in line with the company performance framework.
Innovation and continuous improvement
Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards in order to define intelligent solutions for issues confronting the function.
Health, safety, environment (HSE) and sustainability
Comply with relevant HSE policies, procedures and controls and applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC code of practices.
Reports
Provide inputs to prepare section MIS and progress reports for company management.
Internal communications & working relationships
Contact with line manager, peers and other employees within the company/group as required.
External communications & working relationships
Contact with external parties including consultants, third party service providers, and government agencies as required.
Minimum qualification
Bachelor degree in accountancy or relevant discipline.
Minimum experience, knowledge & skills
8 years of experience, including at least budgeting/accounting function experience.
Professional certifications
As applicable.
Work condition, physical effort & work environment
Physical effort: Minimal
Work environment: Air-conditioned environment, could be exposed to prevailing weather conditions like heat, humidity and dust during occasional site visits.
Additional details
Job family/sub family: Finance/Management accounts.
About the Company
We are one of the world's leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification.
We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.
Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence.
Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.
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