Financial Planning & Analysis Manager

ADNOC Global Trading LTD (“AGT”) seeks an ambitious, motivated, Manager Financial Planning & Analysis Manager to join its Finance team in Abu Dhabi.

AGT

Incorporated in the Abu Dhabi Global Market, Abu Dhabi’s international financial centre, AGT commenced commercial operations in December 2020. It is owned by ADNOC (65%), Eni (20%) and OMV (15%). Head quartered in Abu Dhabi, it has ambitious plans for global growth. AGT has already established a subsidiary in Singapore which commenced operations this year, and expects to open in Europe and the US in the near future.

AGT’s business is focused on the physical trading of crude oil, condensate, liquid feedstock and refined oil products, risk management activities (including hedging), shipping and chartering, storage and management of inventories, the trading of oil related derivatives and other ancilliary activities.

Job Purpose

The FPA Manager will drive the financial performance of the company by providing detailed analysis and reporting on financial results. This includes performance analysis by commodity book, region, and trading office, as well as benchmarking key metrics against competitors and providing insights into market conditions and geopolitical developments. The role supports strategic planning and trading strategies.

Job Specific Accountabilities

• Analyze and report on the company’s financial performance, providing actionable insights.
• Deliver the full suite of performance reports to shareholders, the ADNOC Group, AGT management; provide information on an ad-hoc basis as requested.
• Plan and lead benchmarking and marketing related studies on behalf of AGT related to planning & company performance.
• Support strategic planning and trading strategies. Manage and monitor the overall performance of AGT to ensure alignment with ADNOC strategic objectives.
• Work with cross-functional teams, with the international trading offices, and with the trading desks to gather and analyze financial data.
• Ensure effective communication in delivering messages to enable efficient and effective management decision-making. Communicate all Performance Related Issues and lead all Performance Culture Awareness Sessions. Develop and maintain financial models for forecasting, budgeting, and analyzing.
• Leverage and further develop AI and Digital Technology opportunities to optimize performance analysis and reporting processes and the quality of performance reports.

Generic Accountabilities

Operational Plans

• Manage the implementation of the approved long- and short-term plans and ensure they are effectively converted into performance objectives to realise the Division Objectives and established service levels.

Budgets and Operational Plans

• Monitor expenditure against approved Department budget on a regular basis; investigate, highlight and reconcile any significant variances to ensure effective performance and cost control.

Policies, Systems, Processes & Procedures

• Develop and implement appropriate Department policies, processes, systems, standards, procedures and internal controls, and AGT guidelines in order to support execution of the Division’s work programs in line with AGT and International standards.

Performance Management

• Contribute to the development of the Division’s KPI’s and ensure proper cascade of the Performance objectives within the Department
• Establish monitoring mechanisms to ensure delivery of these objectives and promote a performance driven culture.
• Manage the implementation of the AGT Performance Management System for individuals within the Department in accordance with AGT approved guidelines.

People Development

• Develop knowledge, competencies and innovative spirit and support the establishment of Personal Development Plans (PDP’s), Succession Planning and Talent pipeline within the Department in coordination with Human Capital to continuously develop employees with an emphasis on UAE Nationals to meet Emiratization targets.

Organisation Structure and Development

• Review, develop and recommend the appropriate organisation structure for the Department that will best utilise human capital while proactively incorporating sustainability into on-going work practices to meet the business objectives.

Risk Management

• Contribute and support the establishment of a Corporate Integrated Risk Management System within the Department, while identifying and assessing relevant domain risks and implementing measures to manage and mitigate all identified risks within the Department.
• Communicate corporate business ethics and the Code of Conduct to employees within the Department and ensure compliance to the Corporate Policies and guidelines.

Innovation and Continuous Improvement

• Promote an organisation culture that encourages innovation, enhances employee motivation and supports initiatives for implementation of Change Management to continuously improve the Department operations and services
• Recommend improvements in internal processes against best practices in pursuit of greater efficiency in line with relevant standards in order to define intelligent solutions for issues confronting the Department

Reports

• Ensure that all Department progress reports are prepared to provide accurate and timely information to AGT Management to effectively manage the business

Competencies

• Strong analytical and problem-solving skills.
• Excellent communication and presentation skills.
• Ability to work collaboratively with cross-functional teams.
• Proficiency in financial modeling and analysis.
• Excellent understanding of P&L and Balance sheet in a trading firm.
• Excellent understanding of financial analysis, modelling, statistical analysis.
• Experience in offering strategic insight into trading industry, consumer and competitor trends.
• Clear understanding of trade development issues and demonstrated skills in economic forecasting.
• Strong attention to detail and accuracy.
• Ability to manage multiple priorities and meet deadlines.

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:

Minimum Qualification

• Master's degree in business administration, Economics, Finance or related fields.

Minimum Experience & Knowledge & Skills

• 10+ years as a FPA professional
• 5+ years working in the commodities trading business with experience of business strategy and planning, budgeting, corporate goal setting and performance evaluation
• Experience in offering strategic insight into industry, consumer and competitor trends
• Industry knowledge -Specific experience with/understanding of key drivers, economics, and management practices of integrated oil industry
• Excellent interpersonal skills and well-developed presentation skills
• Proficiency in financial software and tools (e.g., Excel, SAP, Power BI, Powerpoint)