BUDGET CONTROLLER
Dammam, Saudi Arabia
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Vacancies 10
Apply Until: Aug 17, 2015
INFOTECH PROFESSIONAL SERVICES INCORPORATED
DMW License No: POEA-040-LB-022719-R
Address
MRE Commercial Complex, 1157-E Quezon Avenue, Brgy. Sta. Cruz, 1111 Quezon City, Metro Manila, Philippines
Contact Number(s)
3-414-4884/7-950-6018
Company Profile
https://infotech.workabroad.ph/profile/agency/796/infotech
Principal / Employer
AL JEHAT COMPANY (JATCO of SAUDI ARAMCO)
Qualifications
Male30 Years Old and AboveMinimum of 7 Years ExperienceAt Least Bachelor's / College Degree
For manpower pooling only. No fees in any form and/or purpose will be collected from the applicants. Beware of illegal recruiters and human traffickers.
Qualifications:
- Candidates must have at least Bachelor's / College Degree.
- The job requires Male applicants only
- Minimum of 7 years working experience is required for this position.
- Applicants must be ████████████ and above
JOB PURPOSE
The aim is to state the overall significance of the job from the organisation's perspective.
To coordinate and monitor the Drilling & Workover annual Operating/Capital Budgets, Five Year Business
Plan and progress on Key Performance Indicators to provide timely and accurate information on
Drilling & Workover operation’s financial performance for management decision making while preparing
Authorization for Expenditure (AFE), monthly activity report and monthly accruals adhering to KJO
standards and procedures.
MAIN ACCOUNTABILITIES
This section describes the principal outputs required from the job.
Description --- > Key Results
Policies, Processes and Procedures
Assists in the implementation of division’s policies, processes, and procedures to ensure all relevant procedural / legislative requirements are fulfilled ---> Recognized participation in and impacton formulation of departmental policies,
processes and procedures
Day- to-day operations
Applies the day-to-day operations assigned for the Division to ensure compliance with the established standards and procedures. ---> Smooth flow of day-to-day operations
Drilling & Workover Budgets
Participates and contributes in the preparation of Drilling & Workover Capital/ Operating budgets under the direction of the Supervisor and prepare periodic updates/performance reports of all capital items, major and extraordinary expenditure Items, in association with all the relevant sections. Checks and compiles Drilling & Workover operations program & budget prepared by Division heads and submits consolidated report to Corporate Planning Department after manager’s approvals. ---> Timely availability of approved departmental budget
Timely and accurate compilation of Drilling & workover operation programs and budget
Financial variance versus budget. Timely reporting
Contracts Management
Checks payment requisitions processed by authorized engineers/ supervisors against terms and conditions of contract and working progress reports. Passes payment requisition to Supervisor for approvals and periodically records invoiced amount by budget code. Coordinates with Contract engineers on budget issues to ensure validity against contact terms and conditions. Aggressively monitors financial expenditure during the execution of contracts to ensure that both contracting parties fulfil their obligations. ---> Contract meets the business requirement. Contracts are administered in line with agreed terms Contracts are concluded as agreed and within approved budgets.
Financial Analysis & Control
Generates timely performance reports of Operating, Extra Ordinary, Major Maintenance and Capital Budgets to enable proactive financial controls. Coordinates with all Drilling & Workover sections to collate relevant data, develop Key Performance Indicators (KPIs), cost trends and analysis reports relating to financial performance for management meetings, as directed by Superior and ensure timely availability of accurate information. Ensures timely and accurate provision of all related financial information of the Drilling & Workover operations to the management on areas such as financial budget requests, approvals, accruals and variance information to facilitate timely consolidation of data.
Initiates an internal financial audit plan for the division and report non-compliances. Ensure that the AFEs and AFCs issued by the departments are in line with the delegation of financial authority and with proper justification ---> All reports are presented timely and accurately in line with schedules Financial variance versus budget. Effective maintenance of the system
Reporting
Prepares monthly Drilling & Workover budget control report comparing actual expenditure versus budget and the progress of projects and highlights discrepancies to the Supervisor. ---> All reports are presented timely and accurately in line with schedules
Safety, Health & Environment
Complies with all relevant safety, health and environmental procedures to ensure a healthy and safe work environment ---> Healthy and safe work environment
Related Assignments
Performs other related duties or assignments as directed. ---> Line manager’s feedback