Job title | Specialist Business Finance Commercial | Grade | |
Stream | Commercial & Downstream | Function | RPI & Plastics – Finance - FP&A & Business Finance Refineries & Petchem |
Location | Oman – Muscat/Suhar | Budget control | Gross Margin USD 900 million OPEX: USD 700-800 million Capex USD 150-250 Million |
Reporting to | Manager Business Finance Commercial | Direct Reports | 0 |
Job purpose As a member of the FP&A and Business Finance team, the Specialist Business Finance Commercial will support the manager business finance commercial by working closely with the leadership of the RPI business segment creating a real-time active partnership, supporting, advising and influencing their decisions through insights that drive better and sustainable business performance. He/She is expected to demonstrate capabilities in problem solving, solution and value generation mindset, communication, collaboration, stakeholder's management, strong financial data analytics, and a well-developed sense of ethics and be prepared to stand up for these principles. In addition, support the respective managers and heads of departments in order to promote the culture of cost reduction measures, revenue generation ideas, and ways to streamline operations while increasing customer satisfaction. The position will act in accordance with the Group’s 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 justification’s, and best international practices in consonance with national objectives. |
Main tasks and responsibilities Bbusiness Finance Commercial | - Analyse and explain the gross margin performance of our Refineries and Petchem business against business plan and rolling plan.
- Provide Commercial insights to the business and finance leaders and identify areas where value can be maximised for the asset.
- Work in partnership with Manager Business Finance Commercial, supporting, advising and influencing on decisions related with the raising and managing of RPI & Plastics gross margin.
- Provide support and challenge to the business to deliver value and advisory support to drive performance.
- Support the decision-making process by providing Insights to the needs of business units and operate as a focal point for commercial business finance.
- Aggregate and synthesize solutions, for business challenges and underperformance.
- Develop complex analyses to support long term planning and support business decision making.
- Prepare summary and detailed reports, analysis, and reconciliations on regular and ad hoc basis.
- Develop short and long-term financial forecasts and projections together with the business and in coordination with the Corporate and SBU teams.
- Analyse actual costs against budgets and forecasts to understand the impact that any variances may have on operations.
- Continuously identify and recommend improvements while ensuring compliance with the group guidelines, international I local standards and relevant legislation
- Working with controllership to ensure bookkeeping and recording is done accurately for RPI and Plastics.
- Supporting OQ Integration when required.
| Interface | - Routinely collaborate and communicate with business unit and operational managers to review reports, metrics, KPI’s and related operational data.
- Provide thoughts, insights, advise and analyses on variance explanations and recommend improvement action plans.
- Liaise with Finance to provide seamless service delivery to customers.
- Liaise with SBU & the Corporate teams to provide seamless service delivery to customers.
- Works effectively with managers in areas of responsibility to ensure that department objectives, performance metrics, quality measures, and budget targets are achieved
- Provide thoughts, insights, advise and initiate support respective functions, review and challenges the initiatives/savings/Quick Wins.
| Reporting and KPI | - Provide thoughts, insights, advise and prepares summary and detailed reports, analyses, and reconciliations on regular and ad hoc basis. Develops short and long-term forecasts and projections
- Provide thoughts, insights, advise on collection, validation, track & review of financial information related to business unit(s) operations and key performance indicators (KPI).
- Provide thoughts, insights, advise and compile and deliver concise, structured presentations of finance and strategy findings, forecasts, and analysis projects.
- Provide thoughts, insights, advise and prepare forecasts and reporting of key performance indicators for the business unit(s).
- Maintain appropriate documents and files as support for all transactions, reports, and analysis.
- Focus on benchmarking and ‘gap to close’ to arrive at top quartile industry performance and identify develop a roadmap for the business to achieve top quartile performance
- Identify and report shortfalls/business opportunities
- Work closely with the Planning & Reporting, Gross Margin & Financial Analytics 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.
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Key interactions Internal: RPI & Plastics Finance, Asset Production Management, Assurance, Tax, Business Improvement, Corporate & SBU External: Staffing specialized Contractors, Vendors & Suppliers, internal and external auditors. |
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 or professional qualifications are an added advantage. |
Language | Excellent knowledge of written, read, and spoken English (required) ,Arabic - Native (desirable) |
Background and experience | Competencies and skills |
Specialist | 5-8 years of relevant experience |
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- Oil and Gas I Energy industry experience.
- Commercial background is desired.
- Experience in performance reporting dashboards and presentations to senior management.
- Demonstrated experience in:
- Reporting and analysis
- Planning & forecasting
- Management reporting
- Finance controls
- Corporate KPIs
- Business Performance,
- Portfolio performance
- Prescriptive analyses to rebalance/improve corporate performance across business lines towards set financial objectives
| Soft: - Highly organized, detailed oriented and able to lead a team of senior professionals as Finance Business Partners
- Ability to work with and influence a multi discipline team across Finance and the business.
- Strong communication and analytical skills, including verbal and written.
- Well-developed sense of ethics and being prepared to stand for their own principles.
- Strong capabilities in problem solving
- communication and collaboration,
- stakeholder management
Technical: - Strong computer skills, including proficiency in Microsoft Word, Excel and PowerPoint and SAP
- Flexibly to travel and as required.
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- High capabilities in developing analysis related to business scenarios
- High capabilities in value generation mindset, communication, collaboration, stakeholder’s management, financial and business acumen,
- Operational/technical/engineering,
- Market fundamentals
- Data analytics,
- Business trends and best practices trends
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