Controller - Budget & Cost (Site)

Job Description

JOB PURPOSEThe jobholder is responsible to lead the budget and cost control for the Borouge Site in Ruwais Industrial Complex to ensure efficient utilization of the respective OPEX and CAPEX to support the operations, projects, plans, and investments.This role includes leading the cost forecasting and planning for the business cycle alignment of the approved budget for the respective functions and teams monitoring the cost controlling and invoicing activities supporting the decision making, financial forecasting, and budget allocation for the respective functions providing support in developing functional KPIs preparation of financial performance reports liaising in functional financial audit matters and providing financial advice to functional leadership and management.KEY ACCOUNTABILITIESJob Specific AccountabilitiesBusiness Performance Support

• Alignment of the KPI / Milestones with Corporate Balance Scorecard
• Regular review and analysis of financial performance for each function and initiatecost-effective corrective action proposals.
• Provide ad hoc support and financial advice to Leadership.
• Provide support and coordination for all benchmark related activities

• Consult with auditors for all financial and cost management related matters Internal Control.
• Review and manage cost management processes of the respective budgets.
• Review Delegation of Authority Matrix with Leadership on regular basis for simplification and alignment of business processes with best practices.

Business Planning & Forecast

• Develop the detailed 5-years business plan for the respective scope.

• Initiate Business Planning process forecast, budget and to prepare necessary documentation.
• Manage functional cost analysis in preparing and finalizingbudget.
• Review and challenge input received from various sources.
• Consult with functional leadership to finalize strategic functional activities for management approval.
• Summarize the results and prepare comprehensive presentation material for respective leadership endorsement.

Cost Control & Reviews

• Analysethe actual cost for verses approved budget.
• Review, and conduct functional analysis reports on variances to develop financial statistics.
• Provide support to functional leadership in various costing matters with analysis and financial interpretations.
• Monitor the functionu2019s financial performance regularly and conduct necessary proactive actions.

Financial Analysis & Reporting

• Review and present monthly based performance report for leadership and highlight significant financial issues.
• Monitor cost allocation and take immediate actions for necessary rectifications
• Provide monthly input to Accounts related to expenses in-progress.
• Review and present budget vs. actual report to Owners on business planning outputs.

Generic AccountabilitiesFunctional Strategy

• Contribute to the development and refinement of the functional strategies and objectives to meet and contribute to Borougeu2019s vision, mission, and long / short term strategies.
• Recommend and advise on the functional processes and strategic projects within the domain of the function and discipline to support the decision making

• Recommend and advice on the development and implementation of the functions Business Strategy, to ensure alignment with the related business goals.
• Contribute to the deployment of business long and short-term plans in line with the functionu2019s performance objectives, processes, and agreed service levels.

People Development

• Recommend and contribute to the assessment of the functional capabilities to ensure meeting the output expectations by the team(s).

• Lead the development of Technical Knowledge, technical competences, training materials, curriculums, and other related knowledge within the domain of expertise
• Conduct on-job development sessions, training courses, presentation, etc. to ensure proper development of the respective team.
• Monitor and guide the employeesu2019 developments towards building up the required and targeted competencies to ensure meeting their career aspiration in line with Borougeu2019s business.
• Support the Technical Competency Development for the jobs within the respective area(s) of competencies to ensure proper referencing, selection of tools, and other expertise in the discipline.
• Lead by example the teamu2019s communications and presence to elevate their influencing, interpersonal and business relations skills, while ensuring desired level of professionalism and compliance to customer delight, data protection, business communications, and corporate image.

Project Management

• Lead the development of the functional and strategic projects in all stages with the respective stakeholders to meet the business objectives.
• Engage, coordinate, and lead the projectsu2019 communication with the project team, steering committees, and other internal / external parties to ensure the timely communication plan,
• Control expenditure against approved functional budget on a regular basis and investigate & reconcile any significant variances to ensure effective performance and cost control
• Oversee and lead the project completion and milestone achievement to ensure achieving the desired outputs and performance by the project team.

• Monitor the project progression and execution to meet the project plan and outputs, while ensuring the project governance with the respective processes and stakeholders.

Process Development

• Propose, update, and recommend improvements to process that enhance the quality of service provided to internal and external customers, while ensuring their data confidentiality, and information handling.
• Create and foster spirit among the team that encourages innovation, enhances employee motivation, and supports initiatives for implementation of Change Management to continuously improve processes and services.
• Lead the evaluation of internal processes against best practices in pursuit of more efficient functional processes to define intelligent solutions for issues confronting the function.

• Align the respective policies, processes, systems, standards, procedures, and internal controls, includes ensuring compliance with Functional and Companyu2019s guidelines.
• Ensure compliance with all applicable legislation, legal regulations, and market norms, while proposing solutions to the management on any relevant issues.

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLSMinimum Qualification

• University degree in Finance, Accounting, or related fields.
• Preferred to have masteru2019s degree in finance
• Fluency in English Language written and oral

Minimum Experience & Knowledge & Skills

• Minimum of 10 - 12 years of total experience
• Minimum of 8 years of the experience in Financial Controlling and Budgeting.
• Good knowledge of Business Warehouse/SAP and MS office with focus on Excel and PowerPoint.
• Excellent Team player
• Good in collecting, analysing, and presenting data

• Have the effectiveness to function in an international and multicultural context
• Demonstrate flexibility to meet challenging deadlines

Professional Certifications

• Preferred to be certified in Financial Management i.e. CFA, CPA, CMA, etc.

Keyskills :
Budgeting Financial Management

About Company

The Abu Dhabi National Oil Company or ADNOC is the state-owned oil company of the United Arab Emirates. It is the world's 12th largest oil company by production. As of 2021, the company has an oil production capacity exceeding 4 million b/d with plans to increase to 5 million bpd by 2030.