Analyst, Budget & Cost Control (Projects)

About The Company

We are a global energy maritime logistics leader with a world-class asset base. We are the dedicated and vital logistics arm for ADNOC Group, providing mission critical and highly specialized services across ADNOC’s entire value chain. We also provide market-leading, cost-competitive maritime and logistics solutions to over 100 global customers and ship to more than 50 countries across the world.

As a global energy maritime logistics leader and the dedicated and vital logistics arm for ADNOC Group, we are driven to set the highest standards in shipping and maritime operations, pushing boundaries and pioneering new frontiers in sustainability. We are committed to delivering world-class solutions that are innovative and efficient, while always putting safety first

Job Specific Accountabilities

Budget & Cost Control

• Receive and calculate revenue budgets from the Planning teams, check to ensure their conformity to formats, criteria and policy guidelines.
• Receive the Operating plan from the various Functions to calculate and add the estimated cost. Participate in the preparation, coordination and consolidation of Revenue, Operating, Manpower, Logistics & Supply budget- both annual and Five Year Plan’s for each Business Line.
• Update Budget records to include all expenditures related to Operating and Logistics Budgets for analysis and reporting for all Business Line.
• Prepare monthly, quarterly and yearly financial reports, reconciliation/ variance analysis reports pertaining to sales and cost performance for review. Participate in the Five Year Business Plan.
• Monitor expenses to ensure that they are within the budget limits. Highlight variances from approved budgets and reports to supervisor accordingly.
• Follow up SAP and any other system approved by management ensuring documents received by units, processed and sent to Finance & Investment Unit.
• Prepare accruals and monthly payments; reconcile with the general ledger and forwards to Finance & Investment for cash flow preparation purposes. This includes checking trial balance, identifying expenses not charged for the month, investigating, etc.
• Monitor and input codes to the unit's sales invoices and payments to ensure proper allocation to the ADNOC financial system. Ensure that payments are as per agreements.
• Perform other related duties as directed by the Supervisor.
• Carry & document Client Financial Performance Reports.
  
  

Minimum Qualification

Bachelor’s degree in Commerce, Accounting, Finance or equivalent.

At least 6 years of experience in Oil and Gas or Petrochemical Industry related to Marketing Budget, Contracts, Accounting and Financial Analysis.

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