Job title: Manager, Budget & Cost Control (OPEX and CAPEX)
Company: ADNOC
Job description: Job PurposePlan, lead and manage the Operating Expenditure (OPEX & CAPEX) related financial planning, analysis and reporting operations for ADNOC Distribution ensuring accuracy and timeliness. 5 years Financial planning and 1 year budgeting of Operating Expenditure (OPEX) and Capital Investment (CAPEX) for ADNOC Distribution; timely reporting and business insight on OPEX and CAPEX to the management; assurance on the delivery of cost optimization initiatives; robust functioning of budgetary controls. Provide finance assurance on CAPEX proposals and act as secretary of company’s investment committee.Key AccountabilitiesAnalysis
Lead and manage the fostering of strong partnerships with the business and support a robust forecast and planning process ensuring business alignment and transparency of targets; responsible for rolling up and challenging budget vs. actuals, flux analyses, total OPEX & CAPEX and headcount, and
providing strategic direction for effective management of risks, opportunities and challenges.
Reporting
Lead and manage the OPEX & CAPEX planning, budgeting and forecasting process, compliance and system changes driven for standardization across the functions and in alignment with the overall
Finance strategy.
Lead and drive efficiency and optimization efforts and projects across the organization to ensure ROI/KPI driven resource allocation decisions.
Lead and guide the provision of OPEX & CAPEX management support to ensure OPEX & CAPEX P&L management.
Manage and guide the build of key capabilities and center of expertise on all OPEX & CAPEX related financial systems and processes to improve the business partner experience and shift and focus on value creation.
Lead the provision of expertise discipline support to the business on all aspects of OPEX & CAPEX management related financial policies and processes to ensure full compliance.
Provide financial expertise on the segment to guide the communication and interpretation of rolling estimate results and recommended scenarios to the senior management, providing additional perspective on implications, risks, opportunities, and trends, including reaching agreement on the rolling estimate numbers.
Manage the conducting of balance sheet review to attest the accuracy of financial records and compliance with accounting standards and policies prior to distribution.
Review and analyse business performance of business units to highlight issues of concern from the financial and budget perspectives and offer recommendations to address these effectively.
Review financial policies and procedures to assess their effectiveness and prepare recommendations for further enhancement.
Prepare reports and analyses for management review and conduct special studies or projects as required from time to time.
Relationship Management
Develop and maintain effective business relationships with all relevant external/internal entities such as service providers, government authorities etc. with highest standards of business ethics, whilst promptly attending to all critical issues in-order to ensure the services required by the organization are delivered in the most effective manner.
Liaise with internal and external auditors and, in order to ensure efficient and transparent auditing process for the assigned segment.
Minimum Requirements
Bachelor’s Degree in Finance/ Accounting Management or equivalent along with an internationally recognized professional qualification such as CA, CIMA, CPA, ACCA
Minimum 12 years of in-depth post qualification experience covering Controlling, finance business partnering, planning and budgeting roles
Developing narrative on business plan and budgets
Mastery over Excel (financial modelling and forecasting) and PowerPoint (develop clear narrative for management on cost and capital budgets and performance)
Detailed knowledge and experience of SAP and Hyperion
Demonstrate internal and external stakeholder skills
Strong written and oral communication skills
Expected salary:
Location: Abu Dhabi
Job date: Sat, 03 May 2025 03:39:54 GMT
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