Controller, Budget & Cost

Job Purpose

Co-ordinates, consolidates and ensures timely production of Joint and Associated Ventures Budget-Original and Spring Forecast to be issued to Shareholders and to relevant Associated Venture Companies.

• Monitors expenditure variances with budget limits and investigate over/under runs. Prepares Mandatory reports to shareholders and Management. Ensures all the Budget processes are in line with the Company procedures.
• Prepares the consolidated Fixed Assets and Depreciation Schedules for Shareholders. Attends to Internal & External auditors on their budget queries and prepares necessary replies.
• Directs and supervises the activities of assigned personnel involved in the preparation of Capital and Operating budgets for the Company’s Divisions.
• Co-ordinates with Financial controllers in respective Divisions and directs the preparation of Original and Spring Forecast Budgets for Main Joint and Associated Ventures. Monitors progress and ensures that work performed is in accordance with budget guideline.
• Refers to User Departments / Divisions for their confirmation / feedback. Collates and consolidates all spenders input into single budget report.
• Ensures timely and accurate preparation of supporting materials for budget presentation to Management such as summaries, dry runs and variance. Assists in the preparations of budget presentations, attends and participates in budget meetings.
• Co-ordinates with concerned Divisions to obtain necessary information on Capital and Major Maintenance schemes.
• Co-ordinates and ensures timely preparation of Monthly/Quarterly/Final Accounts for Joint and Associated Ventures.
• Co-ordinates and ensures timely consolidation / update and production of Company Fixed Assets Register for new and existing Projects.
• Monitors expenditure reports on monthly basis against budget to ensure budget performance within the Division is appropriately controlled and documented at all times, this includes reviewing all charges appearing on the monthly expenditure reports, highlighting significant variance between the budget and actual expenditure, investigating and correcting anomalies, and alerting Responsibility Officers / Divisional Managers on unusual items.
• Co-ordinates and controls the Capital Commitment and Expenditure of all capital and Major Maintenance works such as Plants and equipment by reviewing related financial statements / authorization for expenditure as per approved Capital budget. Alerts Assets Units Financial Controllers of unbudgeted capital items.

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

• Provide input for preparation of the Section / Department budgets and assist in the implementation of the approved Budget and work plans to deliver Section objectives.
• Investigate and highlight any significant variances to support effective performance and cost control

• Implement approved Section / Department policies, processes, systems, standards and procedures in order to support execution of the Section’s / Department work programs in line with Company and International standards.

• Contribute to the achievement of the approved Performance Objectives for the Section / Department in line with the Company Performance framework.

• Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
• Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards in order to define intelligent solutions for issues confronting the function.

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

• Provide inputs to prepare…