Deputy Head of Budgeting

Job Description

Key Responsibilities:
• Budgeting & Planning:
o Preparing and consolidating annual budgets and financial plans by Financial Responsibility Centers (FRCs)
o Developing and defending the Annual Work Program and Budget (AWPB) before the Partner and NIOC
o Developing and maintaining the project’s long term financial model
• Budget Control & Analysis:
o Monthly monitoring and analysis of budget variances (Plan vs. Actual)
o Preparing management and analytical reports for the Financial Manager and General Director
o Calculating and forecasting accurate cash flows for Cash Call execution
• Cross Functional Coordination:
o Coordinating with Project Controls, Cost Control, Accounting, and Operations to integrate financial and operational data
o Bridging the gap between accounting figures (IFRS) and operational reality (unblinded costs and master schedules)
• Stakeholder Reporting:
o Preparing periodic reports for the Non Operator
o Cooperating with NIOC/NISOC in budget approval processes
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Qualifications:
• Education: PhD/Master’s in Finance, Economics, Industrial Engineering, or related field
• Experience: Minimum 8 years in budgeting, financial planning, or FP&A in oil, gas, or large scale industrial projects
• Technical Skills:
o Proficiency in financial planning and analysis tools (Advanced Excel, Power BI, ERP systems)
o Familiarity with IFRS standards and IPC contract requirements
o Ability to develop financial models and perform scenario analysis
• Language: Fluent English
• Soft Skills:
o Strong arbitration and coordination skills between operational and financial units
o High attention to detail in data analysis and reporting
o Excellent presentation and defense skills for budget submissions to external stakeholders