OQEP - Principal BF Non-Operated Assets

Job title

Principal Business Finance

Non-Operated Assets

Grade

 

Stream

Finance & Procurement

Function

F&P – Business Finance, Non-Operated Assets

Location

Oman

Budget control

 *OPEX and/or CAPEX and/or Revenue amount as relevant*

Reporting to

Head of Business Finance non-Operated Assets

Direct Reports

-

Job purpose

Act as Business Finance for Exploration & Production non-operated assets by ensuring robust financial governance, compliance, and value delivery across operations, procurement, and contractual activities. The role provides financial analysis and insights to influence investment and operational decisions, drives the preparation and review of budgets short term and long term forecasts, business plans and performance reports (Revenues/Opex/Capex),  leverages data analytics to identify risks, opportunities and sustainable improvements. In doing so, it promotes a culture of cost optimization, revenue growth, operational efficiency and ethical accountability, enabling OQEP to maximize value and safeguard stakeholder interests in its non-operated portfolio.

 

The position will act in accordance with the OQEP’s Mission, Vision, Values & Strategies, as well as, policies, guidelines and international standards, supported by  IT Technology platforms, HSE standards, Omani’s government & other authorities, and best international practices in consonance with national objectives.

Main tasks and responsibilities:

General

 

  • Provide financial and business advisory support  in the decision making, particularly in Opex/Capex and Revenues.
  • Use results from financial and budget analysis data, communicates results and presents business recommendations. These recommendations include cost reduction measures, revenue generation ideas, and ways to streamline operations or increase customer satisfaction.
  • Develops complex analysis to support long term and short term planning and support division and unit decision- making.
  • Analyse actual costs against budgets and forecasts to understand the impact that any variances current and future financial and operational performance of the company and its assets .
  • Provide recommendations on cost optimization and value enhancement supported by extensive and relevant justifications and analysis . 
  • Establish and maintain process controls ensuring divisional consistency and adherence to established enterprise policy and procedures for operational andfinacial management and reporting.
  • Facilitate risk management within the business segment and escalate red flags in coordination with Risk Management Framework .
  • Aggregate and synthesize integrated solutions for business challenges and underperformance, leveraging on the assigned business functions  within  F&P .

Interface

  • Routinely collaborate and communicate with business units and operational managers to review reports, metrics, KPI’s and related operational data.
  • Provide variance explanations and recommend improvement action plans.
  • Liaise with Finance to provide seamless business support for internal and external stakeholders
  • Liaise with business teams to provide necessary and relevant data for Finance functions
  • Works effectively with managers in areas of responsibility to ensure that department objectives, performance metrics, and budget targets are achieved and KPIs are met
  • Initiate and support respective functionsin review and challenge for the initiatives/ savings/ optimizations.

Reporting and KPI  

  • Prepares summary and detailed reports, analysis and reconciliations on regular and ad hoc basis. Develops short and long-term forecasts and projections.
  • Collect, validate, track, review, enter and consolidate financial information related to business unit(s) operations and key performance indicators (KPI).
  • Compile and deliver concise and  structured presentations of finance and strategy findings and insights, forecasts and project analysis.
  • Assist with the preparation of forecasts and reporting of key performance indicators for the business unit(s).
  • Maintain appropriate documentation and filing  for all transactions, reports, and analysis.
  • Focus on benchmarking and ‘gap to close’ to arrive at the best performance and  developing a roadmap for the business to achieve the best performance
  • Identify and report shortfalls, threats and business opportunities
  • Work closely with Planning and Analysis and Reporting teams and other cross functional teams to produce suite of reports and documents, including annual business plan, latest forecasts, budget commentary, reforecasts, key business lines and corporate KPIs.

Training / Coaching  

  • Coaching, mentoring, and developing the Business Finance team to ensure optimal performance and effective succession planning.

 

Key interactions

 

Internal: Commercial (including JVs, Exploration, Economics, Business Development), Finance (Treasury, Financial Control and Reporting, Tax, Governance, Rik Management, BF OA, FP&A), Assurance, Legal, Procurement, PT&C (including IDS, SAP support), OQ SAOC, OQT.

 

External: JV Partners, Auditors, Contractors, Vendors & Suppliers, Government.

Notable Working Conditions. Office environment, intensive computer screen use, sporadic visits to operation site, international traveling when possible and needed.

Education requirements

  • Bachelor's degree in Finance, Economics, Management, Engineering or equivalent.
  • Master's degree, MBA or Professional Qualifications are an added advantage.

Language

Excellent knowledge of written, read and spoken English (required).

Background and experience

Competencies and skills

 

Minimum of +10 years of progressive experience in Finance, with a strong background in business partnering, financial analysis, budgeting, and performance management and economics within the oil & gas or energy sector. Experience in Exploration & Production and joint venture asset management is highly desirable.

 

Both:

  • Oil and Gas / Energy industry experience essential, focusing on Financial Accounting and Reporting, Fiscals and Economics.
  • Exposure to industry best practices.
  • Demonstrated experience in:
    • Financial reporting and analysis
    • Planning & forecasting
    • Management reporting
    • Cost management and control
    • Corporate KPIs
    • Business Performance
    • Portfolio performance
    • Prescriptive analysis to re-balance/improve corporate performance across business lines towards set financial objectives.

 

  • Soft: Highly organized, detailed oriented and able to deal with senior professionals
  • Ability to work with and influence a multi discipline team across Finance and Strategy and the business.
  • Strong communication l skills, including verbal and written. Negotiations skills is a plus.
  • Well-developed sense of ethics and being prepared to stand for their own principles.
  • Strong capabilities in problem solving and collaboration
  • ,
  •  
  • Solution and value generation mindset,
  • Stakeholder's management
  • Well-developed sense of ethics and be prepared for stand up for these principles
  • Time -management and stress-resilience

 

Technical: 

  • Strong computer skills, including proficiency in Microsoft Word, Excel and PowerPoint. Financial modelling skills is a plus.
  • Strong understating of financial and accounting principles and standards
  • Data analytics and presentation  
  • Strong financial data analytical skills and capabilities in developing different business scenarios 
  • High capabilities in value generation mindset, communication, collaboration, stakeholder’s management, financial and business acumen,
  • Market fundamentals
  • Business trends and best practices  
Job Req ID:  56702
Date:  Oct 2, 2025
Location: 

Muscat, OM

Entity:  OQ Exploration and Prod.
Business Unit: 
Division: 
Country/Region:  OM