Financial Planning, Budgeting & Performance Analyst

The Financial Planning, Budgeting & Performance Analyst is responsible for supporting the financial planning, forecasting, budgeting, performance monitoring, and management reporting processes across the oil and gas business. The role provides financial insight to operational and commercial teams, enabling informed decision-making, cost control, capital allocation, and delivery of business objectives.

The position plays a key role in evaluating operating performance, analysing production economics, monitoring capital projects, and ensuring that financial plans accurately reflect operational activities, reserves development, and market conditions.

Financial Planning & Budgeting:

• Coordinate the annual budget and long-term business planning process.
• Develop and maintain integrated financial models for revenue, operating expenditure (OPEX), and capital expenditure (CAPEX).
• Prepare rolling forecasts and periodic reforecasts.
• Support development of asset-level, field-level, and corporate financial plans.
• Ensure alignment between operational plans and financial forecasts.
• Assist in preparation of economic evaluations for exploration, development, and production projects.

Performance Analysis & Reporting:

• Produce monthly management accounts, KPI dashboards, and performance reports.
• Perform variance analysis comparing actual results against budget, forecast, and prior periods.
• Monitor financial and operational performance indicators including:
  • • Production volumes
    • Lifting costs
    • Unit operating costs
    • CAPEX performance
    • Revenue and commodity pricing
    • Cash flow generation
    • Joint venture performance
• Provide recommendations to improve profitability and operational efficiency.

Business Partnering:

• Work closely with Operations, Production, Drilling, Reservoir Engineering, Supply Chain, and Commercial teams.
• Challenge assumptions and provide financial insight to support business decisions.
• Support investment appraisals and project economics.
• Participate in asset reviews and business performance meetings.

Joint Venture & Asset Analysis:

• Analyse performance of operated joint venture interests.
• Support preparation and review of Work Programmes and Budgets (WPB).
• Monitor partner billings, cash calls, and cost recovery activities where applicable.
• Evaluate asset-level profitability and return on investment.

Forecasting & Economic Modelling:

• Develop scenario and sensitivity analyses relating to:
  • • Oil and gas price movements
    • Production changes
    • Drilling programmes
    • Capital investments
• Support reserves-based valuation and investment decision processes.
• Maintain financial models to assess development opportunities and acquisition prospects.

Cash Flow & Liquidity Management:

• Prepare short-term and long-term cash flow forecasts.
• Monitor working capital requirements.
• Support treasury planning by forecasting funding requirements and capital commitments.

Systems & Process Improvement:

• Continuously improve budgeting, forecasting, and reporting processes.
• Assist with implementation and enhancement of ERP, planning, and business intelligence systems.
• Support data quality initiatives across finance and operational reporting systems.
• Drive automation and efficiency improvements using reporting and analytical tools.

• Education:

  • Bachelor's degree in Finance, Accounting, Economics, or related discipline. 

  • Professional accounting qualification (ACA, ACCA, CIMA, CPA or equivalent)

• Experience:

  • 3-7 years of experience in FP&A, commericial finance, or performance management.

  • Experience within the oil and gas, energy or natural resources sector. 
  • Advance financial modeling and analytical skills.

• Knowledge & Skills:

  • Experience in upstream exploration and production (E&P) environments.

  • Experience working with joint ventures and production sharing contracts.

  • Knowledge of reserves reporting and petroleum economics.

  • Experience supporting capital-intensive projects.

  • Advanced Microsoft Excel and financial modelling. Power BI, Tableau, or similar business intelligence tools. ERP systems such as SAP, Oracle, Dynamics 365, or similar. 

  • Strong understanding of: 
    • • Budgeting and forecasting methodologies
      • Variance analysis 
      • Cash flow forecasting
      • Investment appraisal techniques (NPV, IRR, Payback)
      • Cost allocation methodologies
      • Multi-currency reporting
      • Oil and gas financial metrics
• Languages: Fluent Arabic and English (written and spoken).