ADNOCAnalyst, Budget & Cost Control (Budget & CC Team (CAPEX))
ADNOC is hiring an Analyst, Budget & Cost Control (Budget & CC Team (CAPEX)) in Abu Dhabi, United Arab Emirates. Level rates it ; you can apply on ADNOC.
Level's read on this job
- Level rates this role Little AI ●○○○: aI is not part of the work.
- The posting mentions SAP, budgeting and cost control among its tools and skills.
- Level classes it as a mid-level role.
- ADNOC has 83 other open roles on Level.
- Posted within the past two weeks.
AI in this role
Participate in budget preparation, expense monitoring, financial reporting, and cost analysis for various operational units.
Job Purpose
Participate in the preparation and consolidation of annual Revenue, Operating, Manpower, Logistics, Marketing, Supply and Trading budget and participate in the Five Year Business Plan.
Monitor expenses to ensure that they are within budget limits and reports to supervisor accordingly. Prepare accruals and monthly payments; reconcile with General Ledger and forwards to Finance & Investment Directorate for cash flow preparation purposes. Carry and document Client Financial Performance Reports
Prepare periodic financial reports and carry-out cost analysis using different accounting codes for supervisor's review.
Job Specific Accountabilities
Budget & Cost Control
• Receive and calculate revenue budgets from the Planning teams, check to ensure their conformity to formats, criteria and policy guidelines.
• Receive the Operating plan from the various Functions of Marketing Supply & Trading Directorate to calculate and add the estimated cost. Participate in the preparation, coordination and consolidation of Revenue, Operating, Manpower, Logistics Supply & Trading budget- both annual and Five Year Plan’s for both Directorate and Business Line.
• Update Budget records to include all expenditures related to Operating and Logistics Budgets for analysis and reporting for both Directorate and Business Line.
• Prepare monthly, quarterly and yearly financial reports, reconciliation/ variance analysis reports pertaining to sales and cost performance for review. Participate in the Five Year Business Plan.
• Monitor expenses to ensure that they are within the budget limits. Highlight variances from approved budgets and reports to supervisor accordingly.
• Follow up SAP and any other system approved by management ensuring documents received by Directorate, processed and sent to Finance & Investment Directorate.
• Prepare accruals and monthly payments; reconcile with the general ledger and forwards to Finance & Investment Directorate for cash flow preparation purposes. This includes checking trial balance, identifying expenses not charged for the month, investigating, etc.
• Monitor and input codes to the Directorate's sales invoices and payments to ensure proper allocation to the ADNOC financial system. Ensure that payments are as per agreements.
• Perform other related duties as directed by the Supervisor.
• Carry & document Client Financial Performance Reports.
Generic Accountabilities (continue)
Minimum Qualification
Bachelor’s degree in Commerce, Accounting, Finance or equivalent.
Minimum Experience, Knowledge & Skills
• 6 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.
Professional Certifications
As applicable
How we rate this
Analyst, Budget & Cost Control (Budget & CC Team (CAPEX)) at ADNOC rates 0 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.
Little AI. AI is not part of the work.
- ●●●● Builds AI80 to 100
- ●●●○ Works on AI60 to 79
- ●●○○ Uses AI40 to 59
- ●○○○ Little AI0 to 39
Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.
Prepare for this job
Built from this posting and from similar jobs on Level.
Skills and AI tools this role asks for
Questions you could be asked
- Tell me about a project where budgeting was part of your work. What did you do?
- Tell me about a project where cost control was part of your work. What did you do?
- Tell me about a project where financial analysis was part of your work. What did you do?
- Tell me about a project where accounting was part of your work. What did you do?
- Tell me about a project where variance analysis was part of your work. What did you do?
Adapt your resume
- List these exact terms on your resume: Budgeting, Cost Control, Financial Analysis, Accounting, and Variance Analysis. An applicant tracking system matches the wording, not the idea.
- Attach one line of real, concrete experience to at least one of them. A tool named with nothing behind it rarely survives a human read.
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