Financial Planning and Cost Control Team Leader

RTC-1 Employment Services


Ref: QP275-4448

Job description / Role

Employment: Full Time

Position Title: Financial Planning and Cost Control Team Leader
Employment Type: Full Time
Salary: all-inclusive, depending on experience and qualifications
Job Location: UAE

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


• 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 preferable
• 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 preferable
• Having experience in using Maximo, Sun System and Vision is preferable

About the Company

RTC-1 Employment Services is a licensed recruitment firm based in Dubai, UAE. Our team has been in the market since 2004 and we are supporting various industries with their staffing needs across the Middle East and Africa.

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