Budget Analyst (Operations) (SKD-310)
Qatar Petroleum (QP) is a state-owned public corporation established by Emiri Decree No. 10 in 1974. It is responsible for all phases of the oil and gas industry in the State of Qatar. The principal activities of QP, its subsidiaries and joint ventures are the exploration, production, local and international sale of crude oil, natural gas and gas liquids, refined products, synthetic fuels, petrochemicals, fuel additives, fertilizers, liquefied natural gas (LNG), steel and aluminium. QP’s strategy of conducting hydrocarbon exploration and development is through Exploration and Production Sharing Agreements (EPSA) and Development and Production Sharing Agreements (DPSA) concluded with major international oil and gas companies. The operations and activities of QP and its affiliates are conducted at various onshore locations, including Doha, Dukhan and the Mesaieed and Ras Laffan Industrial Cities, as well as offshore areas, including Halul Island, offshore production stations, drilling platforms and the North Field. Thriving on a spirit of enterprise, each of our joint ventures is underpinned by transparency, innovation and high standards of quality and service. At Qatar Petroleum, we are committed to one thing above all: Excellence.
Job Description:

Primary Purpose of the Job
Reviews and finalizes the Operating Expenditure and Recoveries Income Budget for
Operations. Monitors actual expenditure against budget and finalizes periodic reports to Management.

Principal Accountabilities
-Performs detailed review of the Work Program & Budget and participates in budget review meetings for the timely finalization of Directorates/Corporate Departments annual budget.
-Performs detailed review of the Supplementary Budget, Budget Revisions and Budget
Transfers for the timely approval of operating expenditure and recoveries income budget.
-Provides the required schedules, inputs and analysis for the Budget Book, Management
Reports and Management presentations.
-Verifies that expenditures are classified into the appropriate category (operating and capital expenditures) in accordance with QP guidelines and procedures and relevant accounting standards.
-Reviews 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 assists in preparing report for Corporate Leadership Team.
-Performs in depth review and due diligence with regard to budget submissions and ensures that Departments / Directorates budget is maintained at an optimal level.
-Verifies the Cost Reallocation, Rig Cost Allocation, Internal Cost Transfer and Water / Diesel Consumption Journal Entries.
-Provides required information and clarification to State / External / Internal Auditors and takes necessary action to implement agreed recommendations on a timely basis.

Qualifications / Knowledge / Skills / Experience
-Bachelor Degree in Accounting/Finance with Professional Qualification such as ACA,
ACCA, CPA, CMA, CIMA etc. is essential.
-Over 7 years of experience preferably with relevant work experience in a similar position including Budgeting, Planning, Costing Management Accounting and Reporting, functions preferably in Oil and Gas Industry.
-Good interpersonal, problem solving, analytical, communication and presentation skills with knowledge of financial standards and models.
-Good command of English language (verbal and written skills) and computer systems with expertise in Microsoft applications and good working experience in integrated database system is essential (SAP preferred).
-Ability to work effectively in diverse, virtual and multi-cultural environments.
Industry Type:
Petroleum/Oil&Gas/Projects/Infrastructure/Power/ Non-conventional energy
Functional Area:
IT-Software - Application Programming
Area of Specialization:
Business Analyst
Minimum Work Experience:
7 Years
Maximum Work Experience:
10 Years
Not Specified To: Not Specified
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Placement Fees:
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