Specialist Budget and Cost Control

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

• 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

Competencies

• 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

COMMUNICATIONS & WORKING RELATIONSHIPS:

Internal

• All internal functions
• Senior Management

External

• Government Authorities

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:

Minimum Qualification

• Bachelor's Degree, in finance or relevant field.
• Certified Chartered Accounting Qualification e.g. ACMA, ACA, ACCA, CIMA, CPA, CFA or equivalent

Minimum Experience & Knowledge & Skills

• 6+ years' experience of Budgeting, Business Planning a cost control function