Budget Manager - Joint Ventures
Posted date [2026-09-21]
(ID: 52225)
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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 Manager - Joint VenturesJob Snapshot
Role: Budget Manager
Location: Abu Dhabi, United Arab Emirates
Industry: Oil and Energy
Function: Accounting-Finance
Experience: Not specified
Job Type: Full Time
Position Overview
ADNOC Group is hiring a Budget Manager in Abu Dhabi, United Arab Emirates to coordinate budgeting, forecasting and financial control activities for Joint and Associated Ventures within the Oil and Energy industry. The role consolidates Original and Spring Forecast budgets, monitors expenditure against approved limits, manages fixed asset and depreciation schedules, and ensures accurate and timely financial reporting to shareholders, management and relevant Associated Venture Companies.
Job Details
Country: United Arab Emirates
City: Abu Dhabi
Industry: Oil and Energy
Function: Accounting-Finance
Salary: Not disclosed
Gender: No Preference
Candidate Nationality: Not specified
Job Type: Full Time
Work Arrangement: On-site
Job Purpose
The Budget Manager will coordinate and consolidate the preparation of Joint and Associated Ventures budgets and ensure timely production of
Original and Spring Forecast submissions for shareholders and relevant Associated Venture Companies.
The position oversees budget performance, capital expenditure controls, fixed asset reporting and financial account preparation while coordinating closely with Divisional Financial Controllers and other internal stakeholders.
Budget Planning and Forecasting
* Coordinate preparation and consolidation of Original and Spring Forecast budgets for Main Joint and Associated Ventures.
* Work with Financial Controllers across the respective Divisions throughout the budgeting process.
* Monitor budget preparation progress and ensure activities are completed in accordance with established budget guidelines.
* Obtain confirmation and feedback from User Departments and Divisions.
* Collate spending inputs into consolidated budget reports.
* Ensure all budget processes comply with company procedures.
* Coordinate with relevant Divisions to obtain required information on Capital and Major Maintenance schemes.
Budget Monitoring and Variance Control
* Monitor expenditure against approved budget limits and investigate over-runs and under-runs.
* Review monthly expenditure reports to maintain appropriate budgetary control within the Division.
* Examine charges appearing in monthly expenditure reports and identify significant differences between budgeted and actual expenditure.
* Investigate and correct expenditure anomalies.
* Alert Responsibility Officers and Divisional Managers to unusual expenditure items.
* Highlight significant variances to support effective financial performance and cost control.
Joint Venture Financial Reporting
* Prepare mandatory budget reports for shareholders and management.
* Coordinate and ensure timely preparation of Monthly, Quarterly and Final Accounts for Joint and Associated Ventures.
* Prepare supporting materials required for budget presentations to management.
* Produce budget summaries, dry runs and variance information accurately and within required timelines.
* Assist with budget presentations and participate in budget meetings.
Capital Expenditure and Commitments
* Coordinate and control capital commitments and expenditure relating to Capital and Major Maintenance works.
* Review financial statements and authorizations for expenditure against approved Capital budgets.
* Monitor expenditure associated with plants, equipment and other approved capital activities.
* Alert Asset Unit Financial Controllers when unbudgeted capital items are identified.
* Support financial control over capital expenditure through accurate monitoring and reporting.
Fixed Assets and Depreciation
* Prepare consolidated Fixed Assets and Depreciation Schedules for shareholders.
* Coordinate the timely consolidation and updating of the Company Fixed Assets Register.
* Maintain appropriate financial information for both new and existing projects.
* Support accurate reporting of fixed asset information across relevant Joint and Associated Ventures.
Audit Coordination
* Respond to budget-related queries from Internal and External Auditors.
* Prepare necessary supporting information and formal replies to audit queries.
* Ensure relevant budget and financial information is available for audit review.
Supervision and Staff Development
* Direct and supervise assigned personnel involved in preparing Capital and Operating budgets for company Divisions.
* Plan and coordinate activities within the assigned area to achieve functional objectives.
* Train and develop assigned staff in relevant skills.
* Support personnel in achieving the respective Section objectives.
Policies, Systems and Procedures
* Implement approved Section and Department policies, processes, systems, standards and procedures.
* Ensure work programs are executed in accordance with company and international standards.
* Maintain adherence to applicable financial and budget control processes.
Performance and Continuous Improvement
* Contribute to achievement of approved Section and Department performance objectives.
* Design and implement tools and techniques that improve the quality and efficiency of operational processes.
* Identify opportunities to improve internal processes against relevant practices and ISO standards.
* Develop practical solutions to issues affecting the function.
Health, Safety, Environment and Sustainability
* Comply with relevant HSE policies, procedures and controls.
* Follow applicable legislation and sustainability guidelines.
* Perform assigned responsibilities in accordance with international standards, relevant practices and ADNOC Codes of Practice.
Reporting and Working Relationships
* Provide input for Section Management Information System and progress reports for company management.
* Maintain regular communication with the Line Manager, peers and other employees across the company and Group as required.
The position oversees budget performance, capital expenditure controls, fixed asset reporting and financial account preparation while coordinating closely with Divisional Financial Controllers and other internal stakeholders.
Budget Planning and Forecasting
* Coordinate preparation and consolidation of Original and Spring Forecast budgets for Main Joint and Associated Ventures.
* Work with Financial Controllers across the respective Divisions throughout the budgeting process.
* Monitor budget preparation progress and ensure activities are completed in accordance with established budget guidelines.
* Obtain confirmation and feedback from User Departments and Divisions.
* Collate spending inputs into consolidated budget reports.
* Ensure all budget processes comply with company procedures.
* Coordinate with relevant Divisions to obtain required information on Capital and Major Maintenance schemes.
Budget Monitoring and Variance Control
* Monitor expenditure against approved budget limits and investigate over-runs and under-runs.
* Review monthly expenditure reports to maintain appropriate budgetary control within the Division.
* Examine charges appearing in monthly expenditure reports and identify significant differences between budgeted and actual expenditure.
* Investigate and correct expenditure anomalies.
* Alert Responsibility Officers and Divisional Managers to unusual expenditure items.
* Highlight significant variances to support effective financial performance and cost control.
Joint Venture Financial Reporting
* Prepare mandatory budget reports for shareholders and management.
* Coordinate and ensure timely preparation of Monthly, Quarterly and Final Accounts for Joint and Associated Ventures.
* Prepare supporting materials required for budget presentations to management.
* Produce budget summaries, dry runs and variance information accurately and within required timelines.
* Assist with budget presentations and participate in budget meetings.
Capital Expenditure and Commitments
* Coordinate and control capital commitments and expenditure relating to Capital and Major Maintenance works.
* Review financial statements and authorizations for expenditure against approved Capital budgets.
* Monitor expenditure associated with plants, equipment and other approved capital activities.
* Alert Asset Unit Financial Controllers when unbudgeted capital items are identified.
* Support financial control over capital expenditure through accurate monitoring and reporting.
Fixed Assets and Depreciation
* Prepare consolidated Fixed Assets and Depreciation Schedules for shareholders.
* Coordinate the timely consolidation and updating of the Company Fixed Assets Register.
* Maintain appropriate financial information for both new and existing projects.
* Support accurate reporting of fixed asset information across relevant Joint and Associated Ventures.
Audit Coordination
* Respond to budget-related queries from Internal and External Auditors.
* Prepare necessary supporting information and formal replies to audit queries.
* Ensure relevant budget and financial information is available for audit review.
Supervision and Staff Development
* Direct and supervise assigned personnel involved in preparing Capital and Operating budgets for company Divisions.
* Plan and coordinate activities within the assigned area to achieve functional objectives.
* Train and develop assigned staff in relevant skills.
* Support personnel in achieving the respective Section objectives.
Policies, Systems and Procedures
* Implement approved Section and Department policies, processes, systems, standards and procedures.
* Ensure work programs are executed in accordance with company and international standards.
* Maintain adherence to applicable financial and budget control processes.
Performance and Continuous Improvement
* Contribute to achievement of approved Section and Department performance objectives.
* Design and implement tools and techniques that improve the quality and efficiency of operational processes.
* Identify opportunities to improve internal processes against relevant practices and ISO standards.
* Develop practical solutions to issues affecting the function.
Health, Safety, Environment and Sustainability
* Comply with relevant HSE policies, procedures and controls.
* Follow applicable legislation and sustainability guidelines.
* Perform assigned responsibilities in accordance with international standards, relevant practices and ADNOC Codes of Practice.
Reporting and Working Relationships
* Provide input for Section Management Information System and progress reports for company management.
* Maintain regular communication with the Line Manager, peers and other employees across the company and Group as required.
