About the Job

• Review the monthly, quarterly and annual financial performance reports of Marketing, Supply & Trading Directorate.
• Prepare annual Marketing, Sales and Trading budget related to ADNOC's Hydrocarbon and its derivatives, consolidated budget and cash budget of the Directorate as well as the Five Years Business Plan.
• Review financial policies, systems and procedures to ensure their alignment with the approved financial agreements and accounting principles within the Unit of Supply & Trading Planning.
• Monitor the financial performance of Supply & Trading Business Line companies. Ensure Client Financial Performance reports are well maintained

Key AccountabilitiesBudgetary Planning & Implementation

• Review the preparation of monthly, quarterly and annual financial performance reports of Supply & Trading Directorate and its Business Line.
• Prepare the consolidated work programs related to revenue, operating, logistic cost, capital and cash budgets of the Directorate on annual and five years business plan.
• Assist the head in planning and implementing procedures for budget preparation and attend budget related meetings.
• Liaise and follow-up with the concerned staff from Directorate in collecting data and information to analyze, review and recommend accordingly sales related to revenue and all expenses budget.
• Prepare regular presentations to the Management and Director related to results, feedback and outcomes for decision making purposes.
• Assist in reviewing, evaluating and recommending adjustments to the financial plans and working programs related to revenue, operating, logistics, capital and cash budgets.
• Prepare actual revenue and expenses against budget and analyze the utility financial performance and present it to the higher management with the justifications.
• Make projections of year-end revenues and expenses. Develop, enhance, maintain budget monitoring tools and coordinate the production of monitoring reports.
• Identify significant variances and deviations from approved budgets and ensure availability of the funds.
• Prepare statistical reports in sales quantities and prices as derived from analysis of lifting and delivery records and ensure availability of those statistics to Management.
• Ensure Client Financial Performance Reports are in place, and well maintained.

Financial Studies & System Development Role:

• Support in the development of the financial system of S&T Directorate in collaboration with Group Information Technology Unit and Finance & Investment Directorate.
• Performs other duties as directed by management.

Financial Coordination Role:

• Assist in reviewing the external and internal financial audit reports of the revenue, operating and logistic cost.
• Liaise with the Sales and Trading Units under S&T Directorate to prepare the monthly reconciliation on the sales of Crude Oil & Condensate, Refined Products, and Gas & Sulphur and ensures all shipments are invoiced.
• Liaise with concerned Division / Department as well as Trading staff regarding the preparation and review of Directorate budget, financial reports and other related aspects.

Minimum Requirements

• Bachelors Degree in Commerce, Accounting, Finance or equivalent.
• At least 8 years of experience in Oil and Gas or Petrochemical Industry related to Marketing Budget, Contracts, Accounting and Financial Analysis.
• Very good knowledge of relevant accounting software.

ADNOC