Senior Specialist, Financial Planning

Job description / Role

Job Purpose
Perform activities to drive the development, alignment, implementation and monitoring of long-term financial plans and forecasts across the ADNOC Group (HQ and Group Companies), and for the preparation of the ADNOC business plan, including performing related analyses, providing expert support and advice, and coordinating with Directorates and Group Companies on financial planning related matters, in order to steer (financial) activities across the organisation.

Job Specific Accountabilities (Part 1)
- Contribute to the preparation and issue standardised financial planning and forecasting guidelines applicable across the ADNOC Group (HQ and Group Companies).
- Assist in reviewing the Financial planning policy and procedures, and provide recommendation to superior for the optimisation thereof.
- Prepare a regular consolidated report to superior for Group Companies' key Business plan activities, including Financial, Production, Human capital, HSE and other activities with variance analyses.
- Assist in the preparation of a detailed business plan and long-range planning forecast for the ADNOC Group, in line with the corporate strategy.
- Review the ADNOC HQ and Group Companies' business plans, and provide recommendation to the management for improvement thereof, based on own expertise.
- Prepare optimisation and pricing scenario's, and perform variance analyses for the ADNOC business plan.
- Assist in modelling and preparation of VCO optimisation scenarios in coordination with other Directorates, incorporating business plan submissions and market dynamic changes.
- Participate in reviewing the Group Companies' capital investments (through the major project review), in coordination with other planning Units.
- Participate in capital spend tool process with Group Company and Directorate focal points, review the capital spend tool findings to assess overall confidence on capital investments budgets, and make recommendations to superior.
- Review the ADNOC HQ and Group Companies' Business plan and market dynamics assumptions and submissions against guidelines, provide analyses and recommendations to superior, and feedback to Group Companies and Directorates.
- Coordinate with Directorate and Group Company focal points to prepare planning optimisation scenarios and review the business plan submissions, and make recommendations to management and the planning governance structure.
- Provide regular reports to superior on planning activities, such as modelling, optimisation, scenarios and allocation, and submit these to superior.
- Participate in preparing planning presentations to the planning council committee, CEO and SPC, and document minutes from meetings.
- Participate in the quarterly/annually review session, provide regular feedback, and report outcomes to superior.
- Prepare ad-hoc reports based on management request.
- Participate in preparing the business plan and budget booklets.
- Assist in financial planning related systems development or optimisations (e.g. One ERP, BPC, Dashboards), based on own expertise and experience.
- Follow-up and proceed with the actions forwarded by superior related to the planning activities, such as planning scenarios and reports.
- Participate in preparing reports for internal and external stakeholders, related to the ADNOC business plan.
- Participate in preparing the Group Companies' recharges, and align the charges between the concerned users in ADNOC and the Group Companies.
- Participate in all planning and strategy activities initiated internally within the department, or externally within the Group/ADNOC Directorates.

Job Specific Accountabilities (Part 2)
- Assist other Directorates and Finance departments (e.g. F&I Assurance) in supporting ad-hoc projects that have a financial impact, for example value creation projects (tax implications, model/assumptions integrity), gas pricing, or new programs.
- Perform other similar or related duties assigned by supervisor.

Job Specific Accountabilities (Part 3)

Generic Accountabilities

Supervision
- Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
- Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective business objectives.

Budgets
- Provide input for preparation of the Function / Division / Department / Section budgets, assist in the implementation of the approved Budget, and work plans to deliver business objectives.
- Investigate and highlight any significant variances to support effective performance and cost control.

Policies, Systems, Processes & Procedures
- Implement approved Function/ Division/ Department/ Section policies, processes, systems, standards and procedures in order to support execution of the work programs in line with Company and International standards.

Performance Management
- Contribute to the achievement of the approved Performance Objectives for the Function/ Division / Department/ Section in line with the Company Performance framework.

Innovation and Continuous Improvement
- Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
- Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with best industry standards in order to define intelligent solutions for issues confronting the function.

Health, Safety, Environment (HSE) and Sustainability
- Comply with relevant HSE policies, procedures, controls, applicable legislation, and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.

Reports
- Provide inputs to prepare MIS and progress reports for Company Management.

Generic Accountabilities (continue)

Internal Communications & Working Relationships
- Manager, Financial Planning Department
- ADNOC HQ, Directorate and Group Company staff, related to business plan optimisation, modelling and development.

External Communications & Working Relationships
- Contact with external parties including consultants, third party service providers, and government agencies as required

Requirements

Minimum Qualification
- Bachelor's degree in Accounting, Finance, Economics, or a related field

Minimum Experience, Knowledge & Skills
- 10 years of experience in modelling, economics, including strong experience in market dynamics.
- Good knowledge of English and Arabic.
- Strong experience in Microsoft applications (PowerPoint/Excel/Word)
- Good knowledge of the ERP system and other budget and modelling systems.

About the Company

We are one of the world's leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification.

We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.

Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence.

Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.