Budget Analyst

18 October 2019


Primary Purpose of the Job

Reviews and finalizes the Operating Expenditure and Recoveries Income Budget for

Operations. Monitors actual expenditure against budget and finalizes periodic reports to


Principal Accountabilities

  1. Performs detailed review of the Work Program & Budget and participates in budget

review meetings for the timely finalization of Directorates/Corporate Departments annual


  1. Performs detailed review of the Supplementary Budget, Budget Revisions and Budget

Transfers for the timely approval of operating expenditure and recoveries income budget.

  1. Provides the required schedules, inputs and analysis for the Budget Book, Management

Reports and Management presentations.

  1. Verifies that expenditures are classified into the appropriate category (operating and

capital expenditures) in accordance with company guidelines and procedures and relevant

accounting standards.

  1. Reviews the actual cost against budget on a periodic basis and finalizes quarterly cost

variance report on key variances.

  1. Participates in monthly performance review meetings with Operations in coordination

with Directorate of Strategic Planning and Policy and assists in preparing report for

Corporate Leadership Team.

  1. Performs in depth review and due diligence with regard to budget submissions and

ensures that Departments/Directorates budget is maintained at an optimal level.

  1. Verifies the Cost Reallocation, Rig Cost Allocation, Internal Cost Transfer and

Water/Diesel Consumption Journal Entries.

  1. Provides required information and clarification to State/ExtemaVInternal Auditors and

takes necessary action to implement agreed recommendations on a timely basis.

Qualifications / Knowledge / Skills / Experience

  1. Bachelors' Degree in Accounting/Finance with Professional Qualification such as ACA,

ACCA, CPA, CMA, CIMA etc. is essential.

  1. Over 7 years of experience preferably with relevant work experience in a similar position

including Budgeting, Planning, Costing, Management Accounting and Reporting,

preferably in Oil and Gas Industry.

  1. Good interpersonal, problem solving, analytical, communication and presentation skills

with knowledge of financial standards and models.

  1. Good interpersonal, problem solving, analytical, communication and presentation skills

with knowledge of financial standards and models.

  1. Good command of English language (verbal and written skills) and computer systems

with expertise in Microsoft applications and good working experience in integrated

database system is essential (SAP preferred).

  1. Ability to work effectively in diverse, virtual and multi-cultural environments.


Petroplan is a global organisation which specialises in connecting skilled professionals with exceptional contract and permanent career opportunities throughout the oil, gas and energy industry. This has been our focus since Petroplan was formed in 1976.

Our aim isn't to be the largest industry recruitment specialist but rather the best. As such, our recruitment services, contractor management and specialised support is tailored to meet the individual needs of candidates, contractors and clients. Petroplan's local offices across Europe, the Middle East, North America, Asia-Pacific, Africa and Australasia support projects in over forty countries. Our client portfolio includes multi-national corporations, together with niche organisations focusing on a specialist discipline or location.

For more information on how Petroplan can help you, please feel free to visit our About Us page here; https://www.petroplan.com/about/