Sr Specialist Budgeting & Planning

Petroleum Development Oman (PDO)

Main Tasks & Responsibilities

Budgeting & Forecasting

• Support the execution of the annual budgeting cycle, rolling forecasts/ latest estimates, ensuring alignment with business strategy and operational targets.
• Monitor and control OPEX and CAPEX budgets, ensuring compliance with governance frameworks and identifying cost optimization opportunities.
• Manage budget transfers, additional funding requests, and variance analysis, ensuring financial discipline and transparency.

Financial Consolidation for Forecasting

• Perform financial consolidation for planning and forecasting cycles, including budget and reforecast processes across business units and subsidiaries, as well as at consolidated group level
• Ensure consistency, accuracy, and integrity of forecast data, aligned with internal reporting standards and strategic objectives.
• Collaborate with finance and planning teams to ensure consolidated forecasts reflect business realities and strategic direction.

Cash Flow & Capex Management

• Support the preparation and monitoring of CAPEX budgets and forecasts, ensuring alignment with approved plans and strategic priorities.
• Track and report on CAPEX performance across business units, identifying deviations and providing actionable insights for corrective measures.
• Develop and maintain cash flow forecasts related to operational and capital expenditures, ensuring accuracy and consistency across planning cycles.
• Collaborate with relevant teams to ensure timely updates to forecasts and integration into the broader financial planning framework.

Stakeholder & Shareholder Collaboration

• Act as a key liaison with internal business units and external shareholders, ensuring alignment on financial plans, forecasts, and performance expectations.
• Facilitate cross-functional collaboration to gather inputs, align objectives, and drive consensus on financial strategies.
• Present financial analysis and recommendations to senior leaders, shareholders, and governance bodies.

Systems, Automation & Process Improvement

• Utilize ERP and other financial systems to streamline budgeting, forecasting, and reporting processes.
• Drive automation initiatives to enhance efficiency, accuracy, and timeliness of financial planning activities.
• Contribute to the development and enhancement of financial tools, templates, and dashboards.

Development & Knowledge Sharing

• Provide mentorship and guidance to junior team members, fostering a culture of continuous learning and excellence.
• Promote knowledge sharing and best practices across the finance function.