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BUDGET CONTROLLER

QatarEnergy
Doha, QAT
fulltime
Senior
2 weeks ago
Financial ReportingBudgetingForecastingCost AccountingInternal ControlsFinancial AnalysisIFRSGAAPERP Systems (e.g.SAPOracle)Treasury ManagementAudit ManagementProfitability AnalysisCash Flow ManagementBudget Variance AnalysisStrategic PlanningRisk ManagementComplianceInternal AuditGCC Financial RegulationsTax Laws (e.g.VAT in KSA/UAE)Financial ModelingPerformance Metrics (KPIs)Financial StatementsGeneral Ledger ManagementACCACMACPAMBA (Finance)Master's in Accounting/FinanceFinancial ControllerCost ControllerManagement AccountantBudget ControllerFinancial Planning and Analysis (FP&A)Cost ManagementAuditing StandardsAccounting SoftwareBusiness Intelligence ToolsSOX Compliance (if applicable)Revenue RecognitionFixed Asset AccountingAccounts Payable/ReceivableFinancial OperationsCost AllocationVariance ReportingFinancial StrategyBusiness PartneringEconomic Indicators (GCC)InvestmentsValuationCorporate Finance
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Financial ReportingBudgetingForecasting
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Primary Purpose Of The Job

Responsible for providing budget control services to Engineering Department which includes but not limited to processing CAPEX/OPEX Budgets & AFEs, Invoices and Asset Capitalization.

Required Experience And Skills

  • 7 years relevant experience in project cost budget control.
  • Prepare Work Program and Budget pack for Annual Budgets (CAPEX/OPEX/NON-ROUTINE) and ensure its accurately mapped in SAP.
  • Prepare Budget Revisions/Supplementary Budget and ensure appropriate justification and supporting documentation is valid and sufficient.
  • Prepare AFEs with accuracy and ensure the requested AFE is in compliance with QatarEnergy Policy and Procedures.
  • Ensure compliance with and implementation of approved Budget Control related Procedures and Work Instructions.
  • Review reallocation journal / expenditure postings in SAP FI and advice proper allocation of AFE number and WBS Element.
  • Work in close coordination with the cost, planning & project team to ensure proper and timely recording of expenditure through Service Entry Sheets.
  • Provide solutions to the project team on budget issue and ensure invoices are processed and returned to Finance for payment within target dates.
  • Provide justification for monthly and quarterly variance and ensure the reasons are valid and obtain mitigation measures from cost, planning & project team.
  • Review the project status, CWIP and Completion Certificates to ensure capitalization process is in line with QatarEnergy Policy and Procedures.
  • Participate in continuous improvement of budget control activities.
  • Capacity to prepare ad-hoc reports for specific or certain budget and cost analyses when required.
  • Provide on-the-job coaching & development of Qatari staff

Educational Qualifications

  • A university/college degree in financial accounting or CPA, ACCA CGMA or equivalent.
  • Working knowledge in SAP (e.g. PS, MM modules) essential.
  • Good knowledge of MS Office applications and Database particularly in Excel and PowerPoint

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