Business Planning & Budgeting Manager; Utilities

Terracotta is currently recruiting an experienced Business Planning & Budgeting Manager on behalf of a leading organization within the UAE's Utilities sector.

This is an excellent opportunity to play a key role in group-level financial planning, budgeting, forecasting, and portfolio performance management across a diverse portfolio of energy assets. The successful candidate will work closely with senior finance leadership and operating companies, providing financial insights, challenging performance assumptions, and supporting strategic investment and capital planning decisions.

• Lead annual budgeting, business planning, and forecasting activities across multiple entities and assets.
• Review actual financial performance against budgets, forecasts, and business plans, identifying key variances and areas requiring corrective action.
• Analyse revenue, costs, profitability, and cash flow to assess financial performance and support business planning.
• Challenge financial assumptions and forecasting methodologies to improve accuracy and reliability.
• Support the development of financial plans aligned with business objectives and long-term strategic priorities.

• Review and oversee group-level financial consolidation across multiple operating companies, entities, and assets.
• Ensure appropriate intercompany reconciliations and eliminations are reflected in consolidated financial reporting.
• Review and analyse financial statements, including profit and loss (P&L) and cash flow, to assess overall financial performance.
• Validate financial information submitted by operating companies, challenging inconsistencies and investigating significant variances.
• Ensure financial reporting aligns with applicable IFRS requirements and internal reporting standards.
• Prepare consolidated financial analysis and management reports to support senior leadership decision-making.

• Review monthly financial performance reports submitted by operating companies across a diverse portfolio of energy assets.
• Monitor and evaluate financial performance across multiple assets, entities, and investments.
• Participate in performance review meetings, challenging reported figures and assessing performance against budgets, forecasts, and approved business plans.
• Identify financial risks, underperformance, cost overruns, and opportunities to improve operational and financial results.
• Analyse trends across the portfolio and provide recommendations to improve financial performance and accountability.
• Work closely with operating companies and internal stakeholders to ensure the accuracy, consistency, and transparency of financial information.

• Review investment cases and assess financial feasibility, projected returns, and underlying financial assumptions.
• Monitor actual investment performance against approved business cases and original financial projections.
• Support capital expenditure (CAPEX) planning, investment assessments, and long-term financial planning.
• Analyse capital requirements, investment performance, and potential financial risks across the portfolio.
• Provide financial insights to support investment decisions, capital allocation, and strategic planning.

• Work closely with senior finance leadership, operating companies, and relevant business stakeholders to review and challenge financial performance.
• Present financial analysis, performance trends, and key findings to senior management.
• Strengthen financial planning, consolidation, forecasting, and reporting processes across the organisation.
• Ensu…