Job description

JOB PURPOSE

Plan, lead and manage the Operating Expenditure (OPEX) related financial planning, analysis and reporting operations for ADNOC Distribution ensuring accuracy and timeliness; manage the effective collaboration with divisions to obtain accurate projections, in the preparation of the reports and financial analysis, as well as compliance with policies, procedures and standards, auditing requirements, and international reporting standards.

KEY ACCOUNTABILITIES

• Lead and manage the fostering of strong partnerships with the business and support a robust forecast and planning process ensuring business alignment and transparency of targets; responsible for rolling up and challenging budget vs. actuals, flux analyses, total OPEX and headcount, and providing strategic direction for effective management of risks, opportunities, and challenges.

• Drive enterprise alignment and accountability in cross-functional OPEX 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.

• Manage the development of variance analyses (e. g., expenses) versus various periods (e. g., business plan, YTD actual results, prior rolling estimate, prior year actual) and lead the development of action plans to resolve variances during the rolling estimate process by working collaboratively with the business.

Reporting

• Lead and manage the OPEX planning, budgeting, and forecasting process, compliance and system changes driven for standardization across the functions and in alignment with the overall Finance strategy.

• Lead and drive efficiency and optimization efforts and projects across the organization to ensure ROI/KPI driven resource allocation decisions.

• Lead and guide the provision of OPEX management support to ensure OPEX P&L management.

• Manage and guide the build of key capabilities and center of expertise on all OPEX related financial systems and processes to improve the business partner experience and shift and focus on value creation.

• Lead the provision of expertise discipline support to the business on all aspects of OPEX management related financial policies and processes to ensure full compliance.

• Lead and manage the periodic review of year-to-date and latest month actual performance data (e. g., operating expenses, reports, headcount) from the finance systems in order to ensure accounting transactions are recorded properly and financial reporting for the function is accurate.

• Lead, guide and manage the identification, assessment and following up of financial risks, opportunities, and/or other pending items discussed during the prior month's rolling estimate, operating meetings or other sources to determine impact on the current rolling estimate and to provide management with the best thinking of potential performance against targets.

• Provide financial expertise on the segment to guide the communication and interpretation of rolling estimate results and recommended scenarios to the senior management, providing additional perspective on implications, risks, opportunities, and trends, including reaching agreement on the rolling estimate numbers.

• Manage the conducting of balance sheet review to attest the accuracy of financial records and compliance with accounting standards and policies prior to distribution.

• Review and analyse business performance of business units to highlight issues of concern from the financial and budget perspectives and offer recommendations to address these effectively.

• Review financial policies and procedures to assess their effectiveness and prepare recommendations for further enhancement.

• Prepare reports and analyses for management review and conduct special studies or projects as required from time to time.

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.

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS

• Bachelor’s degree in finance/ accounting management or equivalent.

• 10 years of experience, including at least 4 years in supervisory 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