Qatar
Company Info
Large organization
200 + Employees
North Oil Company Qatar
Table of Contents
Job Position – Financial Analyst
Job Details Here
Accountabilities:
- Manage and maximize Company’s profitability by developing, implementing and maintaining accurate and reliable financial applications, systems and processes to anticipate, track and communicate Company’s financial performance.
- Evaluate Company’s financial and operational performance, going beyond the record-keeping, by using qualitative and quantitative data to identify anomalies, trends or deviations, anticipate financial obstacles and problems, communicate and advise management and the Shareholders to make sound financial decisions.
- Prepare and communicate Company’s mid-term forecasting, weighing future possible scenarios, internal variables and economic trends, providing pertinent insightful analysis and introduce strategies for financial improvement.
- Build, improve, maintain and manage financial forecasting modeling tools and databases, including pertinent modules to perform sensitivities on the main financial drivers (i.e., production, sales, expenses, prices).
Activities:
HSE
- Knowledge and Observance of Company HSE policy, rules and procedures
- Participation in HSE activities and global improvement (REX, audits, trainings, HSE action plans…)
- Modeling, Forecasting, Data Management and Reporting
- Maximize the quality of forecasting/budgeting by supporting the continuous development and improvement of financial models.
- Drive forecasts by laying down assumptions, organizing meetings with stakeholders, consolidating, reviewing and challenging inputs provided by budget owners to ensure completeness, accuracy, and correctness of financial information and present the results for management approval.
- Prepare forecasted financial statements including cash flow projections, perform relevant analysis, sensitivities and provide recommendations to the management and Shareholders.
- Lead the implementation of new developments and studies in the financial reporting environment in the Finance Department.
- Build, continuously improve, and maintain financial tools and applications to reduce the turn-around time for the preparation, communication, and advise on the financial information in the volatile business environment.
- Create ad hoc reports as directed by Lead Financial Planning to satisfy queries from within the organization.
- Perform variance analysis of cost and financials to identify the reasons behind the deviations from the budget/ target and present it to the management and the Shareholders.
- Review, challenge and validate SAP data to ensure accuracy of financial information.
- Ensure Internal Controls related to the department are in place and adhered to. Industry: Oil and Gas (capital intensive, price volatility).
- Company: a Middle East JV operating a recently awarded oil field in redevelopment phase.
- Regulatory: a Development Fiscal Agreement (State – Company) and a Joint Venture Agreement (Shareholders – Company) rule the project.
- Entity: Financial Planning is part of Financial Control, one of the three Heads of Finance Department.
- Team: two Senior Financial Analyst and two Financial Analysts reporting to the Lead (5-member team)
- Work organization: routine is organized based on known occurrence of the activities as financial closures (monthly), cash flow forecasts (monthly and ad hoc), closure forecasts (two/three per year) and an Annual Budget (yearly). However, as soon as new information is available or a change in trends occurs, reactivity is required to evaluate their impact and make sound financial recommendations to the management.
- Work environment: direct exposure and interaction with Company’s top management and Shareholders. Complex and heavy analytical task to be performed under significant pressure and tight deadlines. Multicultural and multidisciplinary environments (geosciences, operations, engineering and project developments).
Profile Required:
- Qualifications/Education/Certifications
- Bachelor’s degree in Engineering, Economics, Finance or Accounting
- MBA in Finance or Master’ Degree in Finance, Economics or Petroleum related discipline
- Professional Certificate in Finance or Accounting (ACCA, CPA, CMA, CA)
- 5+ years of Oil and Gas experience in Financial Planning and/or Economics.
- Fluent in English Experience/Knowledge/Technical skills
- Self-starter with proven ability to deliver quality results under significant pressure and tight deadlines
- Strong interpersonal & leadership skills with personal confidence
- Ability in business writing, presentation and explanation.
- Strong fluency with Excel formulas and functions
- High proficiency with financial modeling and techniques
- Strong analytical and data gathering skills
- Oil and Gas business acumen
- Proficient in tools like SAP/BW/Essbase/Excel/PowerPoint
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