Principal Business Finance Non-Operated Assets

Petroleum Development Oman (PDO)

Main tasks and responsibilities:

General

• Provide financial and business advisory support in the decision making, particularly in Opex/Capex and Revenues.
• Use results from financial and budget analysis data, communicates results and presents business recommendations. These recommendations include cost reduction measures, revenue generation ideas, and ways to streamline operations or increase customer satisfaction.
• Develops complex analysis to support long term and short term planning and support division and unit decision- making.
• Analyse actual costs against budgets and forecasts to understand the impact that any variances current and future financial and operational performance of the company and its assets .
• Provide recommendations on cost optimization and value enhancement supported by extensive and relevant justifications and analysis .
• Establish and maintain process controls ensuring divisional consistency and adherence to established enterprise policy and procedures for operational andfinacial management and reporting.
• Facilitate risk management within the business segment and escalate red flags in coordination with Risk Management Framework .
• Aggregate and synthesize integrated solutions for business challenges and underperformance, leveraging on the assigned business functions within F&P .

Interface

• Routinely collaborate and communicate with business units and operational managers to review reports, metrics, KPI s and related operational data.
• Provide variance explanations and recommend improvement action plans.
• Liaise with Finance to provide seamless business support for internal and external stakeholders
• Liaise with business teams to provide necessary and relevant data for Finance functions
• Works effectively with managers in areas of responsibility to ensure that department objectives, performance metrics, and budget targets are achieved and KPIs are met
• Initiate and support respective functionsin review and challenge for the initiatives/ savings/ optimizations.

Reporting and KPI

• Prepares summary and detailed reports, analysis and reconciliations on regular and ad hoc basis. Develops short and long-term forecasts and projections.
• Collect, validate, track, review, enter and consolidate financial information related to business unit(s) operations and key performance indicators (KPI).
• Compile and deliver concise and structured presentations of finance and strategy findings and insights, forecasts and project analysis.
• Assist with the preparation of forecasts and reporting of key performance indicators for the business unit(s).
• Maintain appropriate documentation and filing for all transactions, reports, and analysis.
• Focus on benchmarking and gap to close to arrive at the best performance and developing a roadmap for the business to achieve the best performance
• Identify and report shortfalls, threats and business opportunities
• Work closely with Planning and Analysis and Reporting teams and other cross functional teams to produce suite of reports and documents, including annual business plan, latest forecasts, budget commentary, reforecasts, key business lines and corporate KPIs.

Training / Coaching

• Coaching, mentoring, and developing the Business Finance team to ensure optimal performance and effective succession planning.

Key interactions

Internal: Commercial (including JVs, Exploration, Economics, Business Development), Finance (Treasury, Financial Control and Reporting, Tax, Governance, Rik Management, BF OA, FP&A), Assurance, Legal, Procurement, PT&C (including IDS, SAP support), OQ SAOC, OQT.

External : JV Partners, Auditors, Contractors, Vendors & Suppliers, Government.

Notable Working Conditions. Office environment, intensive computer screen use, sporadic visits to operation site, international traveling when possible and needed.