JOB PURPOSE:
Perform activities to support the development, analyses, implementation and monitoring of long-term financial plans and budgets across the ADNOC Group (HQ and Group Companies), and for the preparation of the ADNOC business plan, and prepare related analyses and management reports, in order to contribute to the steering of (financial) activities across the organisation.
KEY ACCOUNTABILITIES:
Job Specific Accountabilities
- Assists the Sr. Specialist, Financial Planning in the preparation of Group financial planning and budgeting guidelines.
- Assist in reviewing the Financial planning policy and procedures, and provide recommendation to superior for the optimisation thereof.
- Assist in reviewing and monitoring Group Company business plans, and coordinate with the Group Companies’ budget & planning focal points to submit the data within the deadline.
- Support in the preparation of a regular consolidated report to superior for Group Companies' key Business plan activities, including Financial, Production, Human capital, HSE and other activities with variance analyses.
- Review ADNOC HQ and Group Companies’ business plan submissions, and provide analysis and reports to superior.
- Create models and planning scenarios upon request.
- Assist in the preparation of a detailed business plan and long-range planning forecast for the ADNOC Group, in line with the corporate strategy.
- Work closely with the concerned users (Planning focal points) to prepare ADNOC Business plan analysis, presentation, and Business plan reports.
- Participate in preparing planning presentations to the planning council committee, CEO and SPC, and document minutes from meetings.
- Follow up and proceed with the actions forwarded by superior related to the planning activities, such as Planning scenarios and reports.
- Participate in preparing the group business plan and budgeting booklets.
- Participate in the quarterly/annually review session, provide a regular feedback, and report outcomes to superior.
- Provide regular reports to superior, to enable accurate and timely monitoring and control of planning initiatives, milestones and expenditures.
- Prepare other ad-hoc reports, based on management request.
- Assist in financial planning related systems development or optimisations (e.g. One ERP, BPC, Dashboards), based on own expertise and experience.
- Participate in preparing reports for internal and external stakeholders, related to the ADNOC business plan.
- Participate in preparing the Group Companies’ recharges, and align the charges between the concerned users in ADNOC and the Group Companies.
- Coordinate with the Assets team to prepare the close out project list, to enable the Assets team to calculate ADNOC HQ depreciation amount.
- Participate in all planning activities initiated internally within the department, or externally within the Group/ADNOC Directorates.
- Perform
- other similar or related duties assigned by supervisor.
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 the Function / Division / Department / Section 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 & Procedures
- Implement approved Function / Division / Department / Section policies, processes, systems, standards and procedures in order to support execution of the work programs in line with Company and International standards.
- Comply with all applicable legislation and legal regulations.
Performance Management
- Contribute to the achievement of the approved Performance Objectives for the Function / Division / Department / Section 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 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 and applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices
Reports
- Provide inputs to prepare MIS and progress reports for Company Management
COMMUNICATIONS & WORKING RELATIONSHIPS:
Internal
- Manager, Financial Planning
- ADNOC HQ, Directorate and Group Company staff, related to budget and financial plan preparation, recharges, allocation, presentation and comparisons of budgets, actual performance and the explanation of variances.
External
QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS: Minimum Qualification
- Bachelor’s degree in Accounting, Finance, Economics or equivalent.
Minimum Experience & Knowledge & Skills
- 6 years of experience in accounting, budget and cost/analysis work, with experience in recharges/ allocation.
- Good knowledge of English and Arabic.
- Strong experience in Microsoft applications (PowerPoint/Excel/Word)
- Good knowledge of the ERP system and other budget and modelling systems.
Professional Certifications
TECHNICAL COMPETENCIES: - As per the approved competency dictionary
behavioural CompetenciEs:- As per the approved competency dictionary
