Budget Manager - Joint Ventures

Budget Manager - Joint Ventures Job Snapshot

Role:
Budget Manager

Location:

Abu Dhabi, United Arab Emirates
Industry: Oil and Energy
Function:
Accounting-Finance

Experience:

Not specified
Job Type: Full Time

ADNOC Group is hiring a Budget Manager in Abu Dhabi, United Arab Emirates to coordinate budgeting, forecasting and financial control activities for Joint and Associated Ventures within the Oil and Energy industry. The role consolidates Original and Spring Forecast budgets, monitors expenditure against approved limits, manages fixed asset and depreciation schedules, and ensures accurate and timely financial reporting to shareholders, management and relevant Associated Venture Companies.

Job Details
Country:
United Arab Emirates
City:
Abu Dhabi
Industry: Oil and Energy
Function:
Accounting-Finance
Salary:
Not disclosed
Gender: No Preference
Candidate Nationality:
Not specified
Job Type: Full Time
Work Arrangement:
On-site

Job Purpose

The Budget Manager will coordinate and consolidate the preparation of Joint and Associated Ventures budgets and ensure timely production of Original and Spring Forecast submissions for shareholders and relevant Associated Venture Companies. The position oversees budget performance, capital expenditure controls, fixed asset reporting and financial account preparation while coordinating closely with Divisional Financial Controllers and other internal stakeholders.

• Coordinate preparation and consolidation of Original and Spring Forecast budgets for Main Joint and Associated Ventures.
• Work with Financial Controllers across the respective Divisions throughout the budgeting process.
• Monitor budget preparation progress and ensure activities are completed in accordance with established budget guidelines.
• Obtain confirmation and feedback from User Departments and Divisions.
• Collate spending inputs into consolidated budget reports.
• Ensure all budget processes comply with company procedures.
• Coordinate with relevant Divisions to obtain required information on Capital and Major Maintenance schemes.

• Monitor expenditure against approved budget limits and investigate over-runs and under-runs.
• Review monthly expenditure reports to maintain appropriate budgetary control within the Division.
• Examine charges appearing in monthly expenditure reports and identify significant differences between budgeted and actual expenditure.
• Investigate and correct expenditure anomalies.
• Alert Responsibility Officers and Divisional Managers to unusual expenditure items.
• Highlight significant variances to support effective financial performance and cost control.

• Prepare mandatory budget reports for shareholders and management.
• Coordinate and ensure timely preparation of Monthly, Quarterly and Final Accounts for Joint and Associated Ventures.
• Prepare supporting materials required for budget presentations to management.
• Produce budget summaries, dry runs and variance information accurately and within required timelines.
• Assist with budget presentations and participate in budget meetings.

• Coordinate and control capital commitments and expenditure relating to Capital and Major Maintenance works.
• Review financial statements and authorizations for expenditure against approved Capital budgets.
• Monitor expenditure associated with plants, equipment and other approved capital activities.
• Alert Asset Unit Financial Controllers when unbudgeted capital items are identified.
• Support financial control over capital expenditure through accurate monitoring and reporting.

• Prepare consolidated Fixed Assets and Depreciation Schedules for shareholders.
• Coordinate the timely consolidation and updating of the Company Fixed Assets Register.
• Maintain appropriate financial information for both new and existing projects.
• Support accurate reporting of fixed asset information across relevant Joint and Associated Ventures.

• Respond to budget-related queries from Internal and External Auditors.
• Prepare necessary supporting information and formal replies to audit queries.
• Ensure relevant budget and financial information is available for audit review.

• Direct and supervise assigned personnel involved in preparing Capital and Operating budgets for company Divisions.
• Plan and coordinate activities within the assigned area to achieve functional objectives.
• Train and develop assigned staff in…