Department Manager, Financial Planning (BC) Job in Abu Dhabi, UAE at ADNOC

Plan, lead and manage the process of financial planning and budgeting for all business and operations in ADNOC Distribution through the establishment and implementation of effective guidelines, policies, procedures and timelines in order to achieve and exceed the company profitability.

Job Specific Accountabilities

Financial Planning and Budgeting
 Plan and manage the budgeting and forecasting processes within the annual and long-term business plans in order to support the achievement of overall business strategy.
 Drive enterprise alignment and accountability in cross-functional financial planning and serve as key advisor to leadership by enabling informed budget and investment decisions as well as linking day to day to short-term and long-term business strategies.
 Direct the evaluation of business requirements and ensure the preparation of organizational budget in-line with business plans for all ADNOC Distribution divisions; monitor / control expenditure, advice all functions on the same so as to facilitate operations of the organization by controlling costs in order to achieve a financial performance over the budgeted figure.
 Review annual plans and budgets produced by departments to ensure they meet cost and profitability targets, whilst being realistic and achievable.
 Manage and review budgets to ensure correctness of methodology, reasonableness of projections, and calculations of profitability generated from the business.
 Direct and guide the timely monitoring of the financial performance versus budgets so that areas of unsatisfactory performance are identified and rectified promptly, and potential performance improvement opportunities are capitalised upon.

 Lead and guide the effective coordination with all departments to create awareness of financial plans and business performance across all levels in order to establish support of achievement of budgetary compliance across the organization.

Analysis and Reporting
 Ensure timely monitoring and following up on performance against the business plan on a monthly basis providing the necessary reporting systems so that the business can take the necessary actions to ensure performance remains on track.
 Manage the development and implementation of detailed financial analysis and reporting tools to support the various businesses, in ensuring sound financial decisions are made in relation to costings, margin, pricing, both on an ongoing and project basis to support the achievement of margins in line with targets.
 Manage the analysis, interpretation and communication of financial information and manage the development of management reports to reflect the overall performance of ADNOC Distribution with summaries and analyses on cash flow, balance sheet income statements, capital assets, revenue etc. to support the decision-making process.
 Lead and guide the monitoring of selected key performance results to ensure the overall profitability of the period and investigate major variances.

Relationship Management
 Develop and maintain effective business relationships with all relevant external/internal entities such as service providers, government authorities etc with highest standards of business ethics, whilst promptly attending to all critical issues in-order to ensure the services required by the organization are delivered in the most effective manner.
 Liaise with internal and external auditors and, in order to ensure efficient and transparent auditing process for the assigned segment.


Minimum Qualification
 Bachelor’s Degree in Finance/ Accounting Management or equivalent.

Minimum Experience & Knowledge & Skills
 12 years of experience, including at least 4 years in management positions within Finance.
 Significant professional accounting and financial analysis/reporting experience
 Knowledge of reputed financial / accounting systems
 Knowledge of financial planning and budgeting
 Specialisation in accounting and finance
 Demonstrate analytical skills
 Demonstrate internal and external stakeholder skills
 Demonstrate the ability to communicate with senior stakeholders
 Strong written and oral skills
 Fluent in Business English

Professional Certifications
 CPA, ACCA is preferred.

About Company

Company: ADNOC

Company Location:  Abu Dhabi, UAE

Job Category: