Specialist Budget and Cost Control
ADNOC Group
Date: 1 day ago
City: Abu Dhabi
Contract type: Full time
JOB PURPOSE:
The Budget & Cost Control Senior Specialist is responsible for estimating costs, setting of an agreed budget and managing actual and forecast costs against that budget. This role also supports the Department Manager to prepare reports and analysis for the CFO and key management, as required for ADNOC Global Trading (AGT).
KEY ACCOUNTABILITIES:
Job Specific Accountabilities
Internal
Minimum Qualification
The Budget & Cost Control Senior Specialist is responsible for estimating costs, setting of an agreed budget and managing actual and forecast costs against that budget. This role also supports the Department Manager to prepare reports and analysis for the CFO and key management, as required for ADNOC Global Trading (AGT).
KEY ACCOUNTABILITIES:
Job Specific Accountabilities
- Support development of a budget, yearly and Five-Year Business Plans: This includes gathering information, consolidation, reviewing discussions, calculations and final processing to ensure compliance with corporate budget instructions, agreed timetable and format.
- Support the design and implementation of annual rolling forecast
- Track intercompany agreements and ensure they are properly implemented and shared services are accurately invoiced
- Support the implementation and design of operating expense allocation between offices and desks
- Improve monthly management reports on costs and budget variances
- Assist in the budget control activities (approval of purchase orders, contracts and reporting on budget consumption by agreement)
- Support Department Manager in managing budgets based on authority levels and limits and taking necessary actions to control and reduce cost
- Support month-end closing by ensuring that all expenses and provisions are booked to appropriate Accounts. Provide journal entries where needed.
- Track project, strategic initiatives and support business cases for complex investments and international offices
- Support Artificial intelligence initiatives and measurement of value creation
- Support digitalization and AI efforts within the department through tools like Powerbi
- Exceptionally well organized with an aptitude for data
- Outstanding communication skills, both written and verbal
- Solid networking and interpersonal skills
- Able to generate budgets, reports and cost allocation models
- Strong presentation skills, able to explain concepts concisely and accurately
- Able to develop strong, cooperative relationships with department heads
- Creative thinking skills and ability to solve problems
- Strong excel modelling skills
- Advanced Powerbi skills to develop dashboards, formulas and databases
- Experience with SAP S4/ HANA is a plus
Internal
- All internal functions
- Senior Management
- Government Authorities
Minimum Qualification
- Bachelor's Degree, in finance or relevant field.
- Certified Chartered Accounting Qualification e.g. ACMA, ACA, ACCA, CIMA, CPA, CFA or equivalent
- 6+ years' experience of Budgeting, Business Planning a cost control function
How to apply
To apply for this job you need to authorize on our website. If you don't have an account yet, please register.
Post a resumeSimilar jobs
Senior Operation Technology Engineer
KBR, Inc.,
Abu Dhabi
1 day ago
TitleSenior Operation Technology EngineerKBR Abu Dhabi is currently looking to fill a position of Senior Operation Technology Engineer for a PMC Offshore project to be based in Abu Dhabi Client office. The Client is undergoing a substantial transformation with notable changes in technology, the emergence on Artificial Intelligence and the growing adoption of autonomous operations. The new project requirements remains...
Associate & Senior Financial Auditors - Abu Dhabi 1 1 1
EY,
Abu Dhabi
2 days ago
Associate & Senior AuditorsFrom small businesses to some of the world’s best-known brands, our clients count on reliable financial statements, information and processes to inform their on-going strategies. More than ever, business is about interpreting and reacting to complex data - and they look to us for advice and services they can trust every time. You will use your professional...
SVP & Head of Credit - Private Banking
First Abu Dhabi Bank (FAB),
Abu Dhabi
2 days ago
Job DescriptionROLE PURPOSEWork within a senior management structure to formulate, revise and implement policies, procedure and practices for the Private Banking Credit area that are consistent with the overall strategy and objectives of the bank.Ensure that credit approvals adhere to policy guidelines, monitoring and review is adequate to maintain the portfolio quality and profitability and the overall credit risk within...
