Senior Analyst, Budget & Cost Control (Site)

JOB PURPOSEThe jobholder is responsible to perform the cost controlling activities for the respective functions inline with Finance’ policies, procedure and practices while ensuring adequate and efficientexpenditure.The jobholder is responsible to assist in the preparation of the budgets by preparing the monthlyfinancial reports and monitor budget performance and exercise cost control to ensure meeting theapproved budgets.This roles includes; providing ad hoc financial analysis reports with forecasts to supportmanagement decision making by preparing presentation materials (XLT, ELT, BAC & Board),Monthly operations performance reporting (Commercial production losses, Flaring, Quality, Upsets,FC, VC, etc.), analyzing, developing and preparing various financial reports, ensuring to providecorrect, sufficient and integrity information about the Company, to ensure developing a timely andrelevant decision making documentation.THE POSITION IS BASED IN RUWAIS (UAE)KEY ACCOUNTABILITIESBudgeting & Cost Control Maintain Budgetary Control System through commitment control and monitor the actualexpenditures versus the budget to ensure no overruns are incurred without the managementapproval.Participate in the annual Budget compilation for overhaul and normal capital and major revenueexpenditure schemes.Coordinate monthly and quarterly budget revision and variance analysis and reporting andprovide analyses on the financial impact of changes in the budgets to avoid over-run expenditureor under expenditure variances.Perform specific investigations into budget performance and or deviations and assesses thecauses.Prepare the monthly financial statements such as P&L and Balance Sheet, compare these withthe monthly budget, and prepare final accounts during year end annual closing.Analyze currentand past spending patterns and forecasts revenue to make recommendations for budgetappropriations.Liaise with external auditors during interim and final audit to ensure timely provision of analyticalreview to auditors as needed.Develop, interpret, and implement complex financial and accounting concepts or techniques forfinancial planning, analysis, and control.Evaluate complex profit plans, operating records, and financial statements.Participate in studies to evaluate the efficiency and effectiveness of projects and recommendschanges where needed.Financial Analysis & Reporting Prepare ad-hoc analysis to support management decision making e.g. in the form of profitabilityanalysis and fixed costs analysis.Responsible for providing comprehensive report about company performance by gathering inputfrom different users on monthly basis Review the monthly reports and distributed internally.Prepare presentations and other financial materials as per management directions.Provide Quarterly Phasing of Cost Element / Work Breakdown, phasing, and cash flow schedulesto be incorporated into the budget, projected expenditure of carry over schemes, and forecast ofre-allocation of maintenance costs and overhaul manpower.Analyze data and prepare financial variances report actual vs. budget/current month vs. lastmonth reports.Proactive monitoring and analysis of monthly business/financial results and highlight issues to Reporting Controller. Proactive corrective actions proposals Use of financial models on ad hoc basis and build reporting solutions based on both existing andnew requirements, prototypes, models, design, and implement new report formats, layouts, anddelivery methods Update ADNOC SAP-BPC with the information as required by ADNOCResponsible for providing statistics as and when required e.g. to provide export data to ADNOCand other ADNOC group companies Clarify end user query on Delegation of Authority and update DOA as per Management direction.Performs other similar or related duties as assigned by Manager Business Performance Support Support underlying process for preparation of Balanced Scorecard and ensure alignment of KPIcascading across the organizations Liaise with Business Planning team to receive and review Corporate and Functional Balanced Scorecard on a regular basis.Prepares presentation to be reviewed with XLT and seek their approval and endorsement Regular review and analysis of performance indicators and proactive corrective action proposals Continuous improvement in the Functional Balanced Scorecard review process Perform tasks aimed at supporting performance management process including those related to KPI cascading across Borouge Update on monthly basis ADNOC BI system and SAP Strategy Management System (SSM)Provide analysis to support management decision making.Prepare financial reports Prepare Balance Scorecards-Finance Functional BSCQUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLSMinimum Qualification University degree in Business, Finance, or any related discipline Fluency in English Language; written and oral Minimum Experience & Knowledge & Skills Minimum of 5years of relevant experience on planning, controlling, financial analysis Excellent in collecting and analyzing data as well as presenting information Excellent in financial modelling SAP knowledge Very good presentation and communication skills Expert knowledge of excel, power point, business warehouse Concern for order and quality, teamwork & cooperation, achievement orientation,commercial/business awareness, and initiative to keep expertise up to date are requiredbehaviors to be reflected in every activity performed Professional Certifications Preferred to be certified in Financial Management, i.e. CFA, CPA, CMA, etc. #J-18808-Ljbffr