Financial Planning and Cost Control Team Leader

RTC1 Recruitment Services

Job Description


About the Client: 

A leading oil and gas company in UAE.


Job Description:

 Lead the team in preparation of Business Plan and Annual Budget 

 Liaise with Budget Responsible Officers (BROs) for the preparation of department-wise Budget templates and consolidate inputs

 Lead the BA in review and update Project Proposals and Initiative Documents to support the Business Plan 

 Prepare the 5 Year Work Program inclusive of the Annual Budget based on the data received from the various BROs and their teams

 Prepare mid-year budget revision for all Capex and Non-Routine Opex Expenditure Projects

 Review Authorization for Expenditure (AFE) for Capex/Non-Routine Opex Expenditure projects

 Supervise team to ensure Purchase Requisitions (PRs) are within the approved budget for Routine Expenditure and/or approved AFEs

 Guide the team to manage the Funding Status for contracts that are proposed for Tenders and Contracts Committee approval 

 Lead in preparing quarterly forecast and variance analysis of actual against forecast figures and highlight major variances to BROs for budget control

 Lead in preparing quarterly Project Status Report for all Capital and Non-Routine Operating Expenditure Projects with commentary

 Review monthly Cash Calls and Cash Forecast statements.

 Attend the periodic management meetings for budget co-ordination

 Support the Dty FC and FC in preparation of the annual KPIs reporting

 Ensure the accuracy of the COAs and propose new COA as and when required

Position Title:       Financial Planning and Cost Control Team LeaderEmployment Type:   Full Time Salary:            all-inclusive, depending on experience and qualifications Job Location:       UAEQualifications:   Male, 50 years old and below  Minimum of 10-15 years of overall experience preferably in the Big4 accounting firm or Oil & Gas upstream or midstream sector or government sector experience is preferrable Minimum of 5 years of experience in leading and supervising a team ACCA /CPA (USA) /ICMA (UK) /CFA is required Having experience in dealing with Joint ventures and concession agreements is preferrable Having experience in using Maximo, Sun System and Vision is preferrable

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