Job title
Senior Specialist Business Finance Operated Assets
Grade
Stream
Upstream
Function
Finance – Operated Assets
Location
Oman - Muscat
Budget control
*OPEX and/or CAPEX and/or Revenue amount as relevant*
Reporting to
Manger BF Operated Assets
Direct reports
Job purpose
Execute Business finance assigned tasks at upstream assigned area (Operated Assets), under Manger scope’s, acting as owner and single point of responsibility for Business Finance, operated assets ,OPEX/ CAPEX; in order to ensure its compliance with the conditions and relevant policies and ensure the continuity and efficiency of the business
The position will act in accordance with the Group’s Mission, Vision, Values & Strategies, as well as, policies, guidelines and international standards, supported by an IT Technology platform, HSE standards, Omani’s government & other legal justification’s, and best international practices in consonance with national objectives.
Main tasks and responsibilities:
- Review Market & Margins impact on business planning across different marketplaces to predict and develop Market & Margins frameworks for the annual planning cycle and ongoing re-forecast updates
- Ensure work quality standards and deadlines are met.
- Guide & provide market perspectives and positions for the development of the Group strategic goals and directions in all areas
- Produce suite of reports and documents, including annual business plan, forecast, budget commentary, reforecasts, key BU and Corporate KPI reports in collaborations with other Centres of Excellence
- Contribute to the development and implementation of departmental policies, systems, processes, procedures and controls. Continuously identify and recommend improvements while ensuring compliance with the group guidelines, international / local standards and relevant legislation.
- Lead the development of best-in class OpEx & CapEx planning, budgeting, forecasting and reporting set of processes, documents and performance indicators and embed in day-to-day activities.
- Work closely with technical team to align the gaps in performance reporting process.
- In-depth understanding of SAP and all GL activities (project activities, controlling, analysis/reconciliation).
- Providing the needful support to internal and external stockholder within OQ to ensure the business continuity.
- Develop, implement, and maintain systems, procedures, and policies, ensure adherence to company guidelines.
- Ensuring the monthly closing of financial records and posting is done by respective team and ensure accuracy of financial statements.
- Provide accounting assistance to project managers and operations staff and respond to financial questions/concerns to meet business needs.
- Act as a liaison between the company, government, and external accountants to meet information needs and to ensure that proper information is maintained for historical purposes.
- Oversee the Business Plan process for the Upstream.
- Produce analysis and coordinate the preparation of presentation materials to support the development and agreement of the Upstream Business Plan between business and F&S.
Key interactions
Internal: Upstream
External: Staffing specialized Contractors, Vendors & Suppliers
Notable Working Conditions. Office environment, intensive computer screen use, sporadic visits to operation site.
Education requirements
- Minimum Qualifications for this position is a Bachelor’s degree in Finance, Economics, Management, or equivalent.
- Master Degree or MBA qualifications are an added advantage
Language
Excellent knowledge of written, read, and spoken English (required)
Background and experience
Competencies and skills
8+ years of relevant experience
Experience in preparing/reviewing annual business plan
Experience in preparing/reviewing forecast, budget commentary, reforecasts.
Demonstrate a deep understanding of the Business Plan process for the Upstream.
Advantage strong knowledge in Accounting, Financial statements, and financial records.
Experience in providing accounting assistance to project managers and operations staff
To be able to provide support to internal and external stockholder within OQ to ensure the business continuity.
Experience in responding to financial questions/concerns to meet business needs.
In-depth understanding of SAP and all GL activities (project activities, controlling, analysis/reconciliation)
Lead the development of best-in class OpEx & CapEx planning, budgeting, forecasting and reporting
Soft:
- Leadership, managerial skills
- Ability to lead a team in a changing environment.
- Excellent time management skills, ability to prioritize and multitask.
- Strong organizational & analytical skills with attention to detail
Technical:
- Computer Literacy, including Microsoft / ERP / SAP
- Business plan process
- GL activities (project activities, controlling, analysis/reconciliation)
- Accounting, financial statements, financial recoding
- OpEx & CapEx planning, budgeting, forecasting
- Cost Recovery Audit
- Depreciation calculation
- Accounts receivables
