Requirements
The role requires a Bachelor's degree in Business Administration, Finance, or Accounting, with a minimum of 10 years of experience in accounting, budget, forecast, financial planning, and cost/analysis. Proficiency in Microsoft applications (PowerPoint, Excel, Word) and familiarity with ERP systems and budget systems like BPC and SAP are essential. Good knowledge of both English and Arabic is also required.
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
Perform activities to drive the development, alignment, implementation and monitoring of financial planning, budgeting, accounting and related consolidation management reporting for Upstream. Analyse and evaluate the financial performance of Upstream OPCOs, ADNOC Drilling and other service companies. Evaluate financial aspects of budgets and five-year financial plans to ensure consistency with Upstream mandates, objectives, and financial interests. Review financial policies, systems, procedures, agreements, etc., and ensure compatibility with the concession and other agreements, and generally accepted accounting principles. Report on financial aspects of ADNOC’s Sole Risk and Upstream Directorate budgets.
Job specific accountabilities
Contribute to the implementation of new or changed (standardised) financial planning, budgeting and reporting policies, processes, (accounting) procedures and systems at the BLD and Group company level, in line with Group F&I standards.
Develop, align, implement and monitor the consolidated BLD financial plans and budgets, in close cooperation with the BLD Planning and Performance Team, and under guidance from the Group F&I Directorate.
Develop the consolidated BLD business plan, including the five-year business plan, by coordinating with and supporting the BLD Planning and Performance Team, and under guidance from the Group F&I Directorate.
Provide advice and recommendations to superiors on the robustness of Group company specific financial plans, financial budgets, and MI reports.
Assist Group companies in preparing and reviewing business plans and assumptions, including financial, production, human capital, HSE and other activities with variance analyses.
Assist Group companies in preparing BPC reports (e.g., consolidated budget vs actual reports, budget utilisation reports and other budget and financial planning reports).
Assist in Group company capital project planning efforts, and support obtaining project approvals.
Prepare an initial assessment and review of Group companies’ budget and financial plan submissions, and provide feedback.
Prepare relevant business and budget variance analyses and ad-hoc reports to adequately evaluate and measure BLD financial performance.
Provide expert support and advice regarding internal and external audit activities for the own BLD, in coordination with Group F&I Internal Controls, and support the implementation of internal control policies and frameworks at the Group company level, to ensure compliance with F&I standards and relevant laws and regulations.
Provide expert advice and support to Group companies within the own BLD on all financial planning, budgeting and reporting related matters. Review financial policies, systems and procedures to ensure their alignment with the approved financial agreements and accounting principles.
Participate in preparing reports for internal and external stakeholders related to financial planning and budgeting for the BLD.
Prepare complicated ad-hoc models and reports based on management requests.
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 business objectives.
Budgets
Provide input for preparation of Upstream HQ budgets, assist in the implementation of the approved budget, and work plans to deliver business objectives.
Investigate and highlight any significant variances to support effective performance and cost control.
Policies, systems, processes and procedures
Implement approved Group F&I policies, processes, systems, standards and procedures in order to support execution of the work programs.
Performance management
Contribute to the achievement of the approved Upstream GC CFOs PSCs in line with Group F&I objectives.
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 best industry standards in order to define intelligent solutions for issues confronting the function.
Health, safety, environment (HSE) and sustainability
Comply with relevant HSE policies, procedures, controls, applicable legislation, and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practice.
Reports
Consolidate and analyse Upstream monthly performance reports and provide key highlights to Upstream and Group F&I management for decision making.
Generate reports providing reasons for the variations along with recommendations for remedial action as necessary.
Internal communications and working relationships
VP Upstream Financial Planning and Budgeting and MI Reporting
Group company CFOs and finance staff
F&I Financial Planning, Budgeting and Reporting Unit
F&I Internal Controls Department
External communications and working relationships
External auditors, if required
Shareholders
Minimum qualification
Bachelor’s degree in Business Administration / Finance / Accounting
Minimum experience, knowledge and skills
10 years of experience in accounting, budget, forecast, financial planning and cost/analysis work, with strong experience in an accounting and finance discipline.
Good knowledge of English and Arabic.
Strong experience in Microsoft applications (PowerPoint, Excel, Word).
Good knowledge of ERP systems and other budget systems (i.e., BPC, SAP).
Work condition, physical effort and work environment
Physical effort
Minimal
Work environment
Normal office environment
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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