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Job title
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Manager Budgeting & Planning
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Grade
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Stream
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Finance
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Function
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Treasury & Financial Planning & Analysis
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Location
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Oman – Muscat
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Budget control
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*OPEX and/or CAPEX and/or Revenue amount as relevant*
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Reporting to
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Head of Financial Planning. Analysis & Reporting
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Direct Reports
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6
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Job purpose
Lead the consolidation and alignment of business plans across the group, ensuring full integration with the company’s corporate strategy. This role will oversee strategic financial planning, scenario and sensitivity analysis, and manage the preparation of high-quality insights and presentations for executive management, the Board of Directors, and shareholders. The role is instrumental in enabling strategic decision-making in a volatile market environment, supporting growth initiatives and digital transformation priorities.
The position will act in accordance with the OQ Mission, Vision, Values & Strategies, as well as, policies, guidelines, and international standards, supported by an IT Technology platform, HSE standards, Omani’s government & other legal justifications, and best international practices in consonance with national objectives.
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Main tasks and responsibilities
Business Planning, Forecasting & Integration
- Lead the Group’s business planning cycle, ensuring alignment with the group’s overall strategy, long-term goals, and capital allocation priorities.
- Consolidate strategic and operational business plans across all assets, subsidiaries, and corporate functions into a comprehensive group-wide plan.
- Support strategic reviews, including portfolio analysis, investment priorities, and business transformation projects.
- Drive an integrated approach to forecasting and reforecasting cycles (quarterly/rolling) to maintain agility in planning.
- Analyze actual performance versus plan and provide actionable insights on key variances and trends.
- Recommend performance improvement actions to enhance operational and financial outcomes.
Governance, Compliance & Optimization
- Ensure business plans and budgets adhere to internal governance frameworks and external compliance standards.
- Implement strong budget control mechanisms and support operational expenditure optimization across the group.
- Drive continuous improvement of planning processes, tools, and templates.
Scenario & Sensitivity Analysis
- Develop and maintain sophisticated, flexible financial models to support long-range planning, capital allocation, investment decisions, and risk analysis.
- Design and execute multi-variable scenario planning frameworks to assess the impact of oil & gas price volatility, geopolitical shifts, regulatory changes, and market disruptions.
- Perform sensitivity analysis on key value drivers (e.g., crude oil prices, product spreads, OPEX, CAPEX, exchange rates, production volumes) and recommend appropriate strategic responses.
- Advise management on strategic options and potential outcomes under different market conditions.
Growth Projects & Digital Transformation
- Provide planning support for strategic growth initiatives, including growth process across the Group.
- Collaborate with digital transformation teams to improve data analytics capabilities, forecast models, and reporting automation.
- Ensure integration of ESG, decarbonization, and digital innovation into long-term planning processes.
Team Leadership & Collaboration
- Lead and mentor a team of planners and analysts, fostering a high-performance and collaborative environment.
- Partner with Finance functions, and asset-level finance teams to ensure cohesive planning.
- Promote a value-oriented and ethical culture across the planning organization.
Executive & Board-Level Reporting
- Prepare Board and shareholder-level reporting materials, business plan presentations, and strategic updates.
- Translate complex data and business insights into clear, concise, and compelling narratives for executive audiences.
- Support investor relations and external communications teams with relevant financial planning inputs, as required.
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Key interactions:
Internal: OQ Streams/Assets
External: Shareholders, Advisors & Consultancy companies
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Notable Working Conditions: Office environment, intensive computer screen use, sporadic visits to operation site.
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Education requirements
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- Minimum qualification is a bachelor’s degree in finance, Economics, Management, or equivalent.
- Master’s degree or professional certification like MBA, ACCA, CFA is a plus
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Language
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Excellent knowledge of written, read, and spoken English (required)
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Background and experience
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Competencies and skills
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- Minimum of 8-10 years of experience in financial reporting, planning, or performance analysis, preferably in the Oil & Gas or Energy sector.
- Deep understanding of oil & gas market dynamics, including upstream, downstream, and energy transition trends.
- Proven experience in leading planning/budgeting functions across complex group structures.
- Proven expertise in financial modeling, strategic analysis, planning tools, and executive-level reporting.
- Proficiency in business planning systems (e.g., SAP) and data visualization and BI tools (e.g., Power BI, Tableau).
- Strong understanding of IFRS standards for financial reporting and consolidation
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- Strategic Thinking & Business Acumen - strong understanding of how financial forecasting links to broader business strategy.
- Strong financial and analytical acumen with the ability to synthesize data into actionable insights for executive decision-making
- Scenario Planning & Sensitivity Analysis: Ability to assess the financial and operational impact of market volatility, pricing assumptions, and business risks.
- Analytical & Problem-Solving Skills - sharp analytical mindset with the ability to dissect large volumes of data and identify trends, risks, and opportunities.
- Attention to Detail - high level of accuracy and ability to ensure data integrity and completeness in consolidated reports.
- Excellent written and verbal communication skills for presenting financial insights to senior management, Boards, and shareholders.
- Experience in cross-functional collaboration and executive leadership.
- Ability to adapt to evolving business needs and technological advancements.
- Ability to prioritize competing demands and deliver results under pressure.
- Proven ability to lead, mentor, and develop a team of finance professionals.
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