Budget and Planning Executive at Fosad Consulting

Job Description

• The ideal candidate will be responsible for developing, analyzing, and managing budgets, forecasts, and financial plans to support our exploration and production activities.
• This role will play a critical part in ensuring the efficient allocation of resources, optimizing financial performance, and supporting strategic decision-making within the organization.

Key Responsibilities

• Budget Development: Collaborate with cross-functional teams to develop annual operating budgets and long-term strategic plans for exploration and production projects. This includes analyzing historical data, market trends, and business objectives to establish realistic financial targets.
• Financial Analysis: Conduct in-depth financial analysis to evaluate project economics, assess investment opportunities, and identify areas for cost optimization. Utilize financial models and analytical tools to forecast revenues, expenses, and cash flows, and provide insights to support decision-making.
• Variance Analysis: Monitor budget performance and conduct variance analysis to identify discrepancies between actual and budgeted results. Investigate underlying causes of variances and recommend corrective actions to ensure alignment with financial goals and objectives.
• Forecasting: Develop accurate and reliable financial forecasts for exploration and production activities, considering factors such as production volumes, commodity prices, operating costs, and capital expenditures. Continuously refine forecasting models to incorporate new information and improve accuracy.
• Reporting: Prepare timely and insightful financial reports, presentations, and dashboards for senior management, highlighting key performance indicators, financial metrics, and trends. Communicate findings effectively to facilitate informed decision-making and strategic planning.
• Capital Planning: Assist in the evaluation and prioritization of capital projects and investments based on their strategic alignment, risk profile, and expected returns. Collaborate with project teams to develop robust business cases, financial justifications, and investment proposals.
• Stakeholder Engagement: Engage with internal stakeholders, including finance, operations, and executive leadership, to align budgeting and planning activities with organizational objectives and priorities. Foster cross-functional collaboration and communication to drive consensus and achieve shared goals.

Qualifications

• Bachelor's Degree in Finance / Accounting / Economics or a related field. Master's degree or professional certification (ICAN, ACCA, ACA)
• Proven experience (3 years) in financial analysis, budgeting, and planning, preferably within the oil and gas industry or related sectors.
• Strong proficiency in financial modelling, data analysis, and forecasting techniques. Advanced Excel skills are required; knowledge of financial software (SAP, Oracle) is a plus.
• Solid understanding of exploration and production operations, including reservoir engineering, drilling, and production optimization.
• Excellent analytical skills, with the ability to interpret complex financial data, identify trends, and formulate actionable recommendations.
• Effective communication skills, both verbal and written, with the ability to present financial information clearly and concisely to diverse audiences.
• Detail-oriented, organized, and capable of managing multiple priorities in a fast-paced environment.
• Team player with strong interpersonal skills and the ability to collaborate effectively across functional areas and organizational levels.