Budget Analyst - Cost Control
Posted date [2026-05-19]
(ID: 45398)
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Founded in 1971, ADNOC is a leading diversified energy group, wholly owned by the Abu Dhabi Government. Our network of fully integrated businesses operates across the energy value chain, helping us to responsibly meet the demands of an ever-changing energy market.
Already in the top tier of the lowest carbon intensity oil and gas producers in the world, we are taking significant steps to make today’s energy cleaner while investing in the clean energies of tomorrow, strengthening our position as a reliable and responsible global energy provider. We are allocating an initial $23 billion to advance and accelerate lower-carbon solutions, investing in new energies and decarbonization technologies to enable our net zero by 2045 ambition and our commitment to zero methane emissions by 2030. ... |
Job Description and Requirements
Budget Analyst - Cost ControlJob Snapshot
Role: Budget Analyst - Cost Control
Location: Abu Dhabi, United Arab Emirates
Industry: Oil and Energy
Function: Budgeting/Cost Control
Experience: Senior professional level
Job Type: Full-time
Position Overview
Budget Analyst - Cost Control in Abu Dhabi, United Arab Emirates is an Oil and Energy opportunity for an experienced finance professional who can support annual budget preparation, five-year business planning, variance analysis, cost reporting, budget monitoring, and financial performance reviews across ADNOC Group. The role helps ensure directorate budgets are accurately prepared, properly consolidated, aligned with financial policies, and monitored through reliable reporting, forecasting, and cost control practices.
Job Details
Country: United Arab Emirates
City: Abu Dhabi
Industry: Oil and Energy
Function: Budgeting/Cost Control
Salary: 25000-38000
Estimated salary range based on similar jobs in the job city; please confirm the final offer with the employer.
Gender: Any
Candidate Nationality: Any
Job Type: Full-time
Key Responsibilities
* Plan and support the preparation and consolidation of the annual directorate budget and five-year business plan.
* Review budget requirements submitted by functions and highlight variances, gaps, assumptions, and areas requiring management action.
* Review monthly, quarterly, and annual financial performance reports for the directorate.
* Assist the Vice President, Budget and Cost Control in planning and implementing budget preparation procedures.
* Provide clarifications, guidance, and support to functions during draft budget preparation.
* Review submitted business plans from functions and assess alignment with approved financial direction.
* Participate in budget challenge sessions to identify budget basis, cost drivers, potential savings, and areas for optimization.
* Assist in presenting draft budgets, budget review outcomes, financial analysis, and recommendations to senior management.
* Support the Functional Budget Review exercise and consolidate outcomes for management review.
* Analyze actual revenue and expenses against approved budgets and prepare explanations for key variances.
* Prepare financial projections for year-end expenses and support timely management decision-making.
* Review submitted accruals from functions to support accurate monthly and year-end account closing.
* Develop, enhance, and maintain budget monitoring tools, dashboards, and cost control reports.
* Identify significant deviations from approved budgets and support availability of funds through timely reporting.
* Coordinate with functions and group companies to analyze actual financial performance and present reasons for material variances.
* Review financial policies, systems, and procedures to ensure alignment with accounting principles and approved financial agreements.
* Support development of directorate financial systems in coordination with Group Information Technology and Finance and Investment teams.
* Provide input for department budgets, approved work plans, MIS reports, progress reports, and cost control updates.
* Implement approved policies, processes, systems, standards, and procedures in line with company and international standards.
* Contribute to continuous improvement by designing better tools, techniques, and reporting methods for budget and cost control activities.
* Comply with HSE, sustainability, governance, and ADNOC Code of Practices requirements.
Ideal Profile
* Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related discipline.
* Strong experience in budgeting, cost control, financial planning, business planning, budget consolidation, and management reporting.
* Good understanding of annual budgeting, five-year planning, financial forecasting, accrual reviews, and variance analysis.
* Ability to review business plan submissions, challenge assumptions, and identify savings or optimization opportunities.
* Skilled in preparing reports, presentations, dashboards, and financial summaries for senior management.
* Strong knowledge of financial policies, accounting principles, cost control procedures, and budget monitoring practices.
* Able to coordinate with multiple functions, group companies, finance teams, and senior stakeholders.
* Strong analytical mindset with the ability to interpret financial performance, investigate variances, and recommend corrective actions.
* Experience in large, complex, or asset-intensive organizations, preferably within the energy sector, will be an advantage.
* High attention to detail with strong organization, communication, reporting, and stakeholder management skills.
Skills Set
* Budget planning
* Cost control
* Five-year business planning
* Financial performance reporting
* Budget consolidation
* Variance analysis
* Revenue and expense analysis
* Year-end forecasting
* Accrual review
* Budget monitoring tools
* Financial presentations
* Management reporting
* Business plan review
* Cost optimization
* Financial systems support
* Accounting principles
* Financial policies
* MIS reporting
* Dashboard preparation
* Fund availability tracking
* Stakeholder coordination
* Continuous improvement
* Excel
* PowerPoint
Why Join Us
* Work with ADNOC Group in a finance and cost control role supporting strategic budget planning and directorate performance.
* Contribute to annual budgets, five-year business planning, cost optimization, and financial decision-making across a major energy organization.
* Gain exposure to senior management reporting, financial governance, business planning reviews, and performance analysis.
* Build career strength in budgeting, variance analysis, cost control, financial systems, and corporate finance operations.
* Collaborate with finance, group companies, business functions, IT teams, and senior stakeholders.
* Join a professional environment focused on financial discipline, operational excellence, governance, sustainability, and long-term value creation.
About the Company
ADNOC Group is one of the world’s leading energy companies and a major contributor to Abu Dhabi’s oil and gas sector. Headquartered in Abu Dhabi, ADNOC operates across exploration, production, refining, petrochemicals, gas, logistics, and low-carbon energy solutions. The company supports the UAE’s long-term energy strategy through responsible resource development, advanced technology, operational excellence, and sustainable value creation across the global energy value chain.
