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JOB / POSITION

Job ID: FR/14/001
Position Title: Head, Budget
Business Division: Finance and Accounting

Primary Purpose of the Job:

  • Verifies the Work Program & Budget and conducts budget review meetings for the timely finalization of Directorates/Corporate Departments annual budget in line with budget cycle.
  • Verifies Supplementary Budget, Budget Revisions and Budget Transfers for the timely approval of operating expenditure and recoveries income budget.
  • Finalizes the required schedules, inputs and analysis for the Budget Book, Management Reports and Management presentations.
  • Ensures expenditures are classified into the appropriate category (operating and capital expenditures) in accordance with QP guidelines and procedures and relevant accounting standards.
  • Monitors the actual cost against budget on a periodic basis and finalizes quarterly cost variance report on key variances.
  • Participates in monthly performance review meetings with Operations in coordination with Directorate of Strategic Planning and Policy and prepares report for Corporate Leadership Team.
  • Conducts in depth review and due diligence with regard to budget submissions and ensures that Departments/Directorates budget is maintained at an optimal level.
  • Reviews and endorses the Cost Reallocation, Rig Cost Allocation, Internal Cost Transfer and Water/Diesel Consumption Journal Entries.
  • Liaises with Auditors (State/External/Internal) and ensures that audit observations are clarified and agreed recommendations are implemented on a timely basis.

Education:

  • Bachelor Degree in Accounting/Finance with Professional Qualification such as ACA, ACCA, CPA, CMA, CIMA etc. is essential.

Experience & Skills:

  • Over 10 years of experience preferably with at least 5 years in supervisory position with relevant work experience in a similar position including Budgeting, Planning, Costing Management Accounting and Reporting, functions preferably in Oil and Gas Industry.
  • Good skills in computer systems with expertise in Microsoft applications and good working experience in integrated database system is essential (SAP preferred).

Please note that only those applicants selected for interviews will be contacted.