Senior Specalist, Financial Planning

Role Overview

Senior Specialist, Financial Planning at ADNOC, based in the Upstream division.

Role Purpose

Develop, align, implement and monitor financial planning, budgeting, accounting and consolidation activities for Upstream. Analyze and evaluate the financial performance of Upstream OPCOs, ADNOC Drilling and other service companies. Ensure financial plans and budgets align with Upstream mandates, objectives and financial interests. Review financial policies, systems and procedures for compatibility with concession agreements and accounting principles.

Key Responsibilities

Financial Planning & Budgeting

• Develop, align, implement and monitor consolidated BLD financial plans and budgets in close cooperation with the BLD Planning & Performance Team and under guidance from the Group F&I Directorate.
• Develop the consolidated BLD business plan, including the 5-year business plan, by coordinating with and supporting the BLD Planning & Performance Team and under guidance from the Group F&I Directorate.
• Prepare initial assessment and review of Group Companies' budget and financial plan submissions and provide feedback.
• Assist Group Companies in preparing business plans and assumptions, including Financial, Production, Human capital, HSE and other activities with variance analyses.
• Prepare relevant business and budget variance analyses and ad-hoc reports to adequately evaluate and measure BLD financial performance.
• Prepare complicated ad-hoc models and reports based on management request.

Policy & Systems Implementation

• Contribute to the implementation of new or changed standardized 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.
• Implement approved Group F&I policies, processes, systems, standards and procedures to support execution of work programs.
• Review financial policies, systems and procedures to ensure alignment with approved financial agreements and accounting principles.

Reporting & Performance Analysis

• Consolidate and analyze Upstream monthly performance reports and provide key highlights to Upstream and Group F&I Management for decision making.
• Generate reports providing reasons for variations along with recommendations for remedial action as necessary.
• Participate in preparing reports for internal and external stakeholders related to financial planning and budgeting for the BLD.
• Assist Group Companies in preparing BPC reports, including consolidated budget vs actual reports, budget utilization reports and other budget and financial planning reports.

Advice & Support

• Provide advice and recommendations to superior on the robustness of Group Company specific financial plans, financial budgets and MI reports.
• Provide expert advice and support to Group Companies within the own BLD on all financial planning, budgeting and reporting related matters.
• Provide expert support and advice regarding internal and external audit activities for the own BLD, in coordination with Group F&I Internal Controls.
• 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.

Capital Planning

• Assist in Group Company Capital Project planning efforts and support obtaining project approvals.

Supervision & Team Development

• Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
• Train and develop assigned staff on relevant skills to enable them to become proficient on the job and deliver respective business objectives.

Budget Management

• Provide input for preparation of Upstream HQ budgets and assist in implementation of approved budgets and work plans to deliver business objectives.
• Investigate and highlight any significant variances to support effective performance and cost control.

Performance Management

• Contribute to the achievement of approved Upstream GC CFOs PSCs in line with Group F&I Objectives.

Innovation & Continuous Improvement

• Design and implement new tools and techniques to improve 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 to define intelligent solutions for issues confronting the function.

Health, Safety, Environment & Sustainability

• Comply with relevant HSE policies, procedures, controls, applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.

Qualifications & Experience

• Bachelor's Degree in Business Administration, Finance or Accounting.
• 10 years of experience in accounting, budget, forecast, financial planning and cost analysis work, with strong experience in an Accounting and Finance discipline.

Skills & Competencies

• Good knowledge of English and Arabic.
• Strong experience in Microsoft applications including PowerPoint, Excel and Word.
• Good knowledge of ERP systems and other budget systems such as BPC and SAP.

Additional Information

Work Environment

Minimal physical effort. Normal office environment.

Key Working Relationships

Internal: VP Upstream Financial Planning & Budgeting & MI Reporting; Group Company CFOs and Finance staff; F&I Financial Planning, Budgeting & Reporting Unit; F&I Internal Controls Department.

External: External auditors if required; Shareholders.