OQ
Principal Business Finance – Non-Operated Assets
- Permanent
- Muscat, Oman
- Experience 10 - 15 yrs
Job overview
Date posted
09/10/2025
Location
Muscat, Oman
Salary
Undisclosed
Compensation
Job description
Acts as Business Finance for Exploration & Production non-operated assets to ensure robust financial governance, compliance, and value delivery across operations, procurement, and contractual activities. Provides financial analysis and insights to influence investment and operational decisions; drives preparation and review of budgets, short- and long-term forecasts, business plans and performance reports (Revenues/Opex/Capex); leverages data analytics to identify risks, opportunities, and sustainable improvements; and promotes a culture of cost optimization, revenue growth, operational efficiency, and ethical accountability in line with OQEP’s Mission, Vision, Values & Strategies, policies, guidelines, international standards, IT Technology platforms, HSE standards, Omani government and other authorities, and best international practices. Responsibilities span complex analysis to support planning and decision-making; analyzing actuals versus budgets/forecasts and articulating variance impacts; recommending cost optimization and value enhancement backed by justifications; establishing and maintaining process controls for consistent operational and financial management and reporting; facilitating risk management and escalating red flags within the Risk Management Framework; aggregating and synthesizing integrated solutions to business challenges; collaborating with commercial, finance (Treasury, Financial Control & Reporting, Tax, Governance, Risk Management, BF OA, FP&A), assurance, legal, procurement, PT&C (including IDS, SAP support), OQ SAOC, OQT and external JV partners, auditors, contractors, vendors, suppliers and government; preparing summary/detailed reports, reconciliations, forecasts, KPI suites and presentations; collecting, validating, tracking and consolidating financial/KPI information; maintaining documentation and filing; benchmarking performance and defining gap-to-close roadmaps; identifying/reporting shortfalls, threats and opportunities; working with Planning & Analysis and Reporting to deliver annual business plans, latest forecasts, budget commentary, reforecasts, key business lines and corporate KPIs; and coaching/mentoring the Business Finance team for optimal performance and succession.
Required skills
Key responsibilities
- Provide financial and business advisory support for decision-making across Opex, Capex and Revenues, using analysis results to present recommendations for cost reduction, revenue generation and operational streamlining
- Develop complex analyses to support long-term and short-term planning and division/unit decisions
- Analyze actual costs versus budgets and forecasts, assess variance impacts on current and future financial and operational performance, and recommend cost optimization and value enhancement actions with supporting analysis
- Establish and maintain process controls to ensure consistency and adherence to enterprise policy and procedures for operational and financial management and reporting
- Facilitate risk management within the business segment and escalate red flags in coordination with the Risk Management Framework
- Aggregate and synthesize integrated solutions for business challenges and underperformance leveraging Finance & Procurement functions
- Collaborate routinely with business units and operational managers to review reports, metrics, KPIs and operational data, provide variance explanations, and recommend improvement action plans
- Liaise with Finance and business teams to provide data for internal and external stakeholders and ensure seamless business support
- Prepare summary/detailed reports, analyses, reconciliations, forecasts and projections; collect, validate, track, review, enter and consolidate financial information and KPIs
- Compile and deliver structured presentations of finance/strategy findings, forecasts and project analyses; maintain documentation and filing for transactions, reports and analyses
- Benchmark performance, define gap-to-close targets and develop roadmaps to achieve best performance
- Identify and report shortfalls, threats and business opportunities while working with Planning & Analysis and Reporting to produce annual business plans, latest forecasts, budget commentary, reforecasts and corporate KPI packs
- Initiate and support review and challenge of initiatives/savings/optimizations across respective functions
- Coach, mentor and develop the Business Finance team to ensure optimal performance and effective succession planning
Experience & skills
- Minimum 10+ years of progressive experience in Finance within the oil & gas or energy sector, with strong background in business partnering, financial analysis, budgeting, performance management and economics; experience in Exploration & Production and joint venture asset management is highly desirable
- Oil and Gas / Energy industry experience focusing on Financial Accounting and Reporting, Fiscals and Economics; exposure to industry best practices
- Demonstrated experience in financial reporting and analysis, planning and forecasting, management reporting, cost management and control, corporate KPIs, business performance and portfolio performance, including prescriptive analysis to rebalance/improve corporate performance
- Bachelor’s degree in Finance, Economics, Management, Engineering or equivalent; Master’s degree/MBA/Professional Qualifications are an added advantage
- Strong computer skills with proficiency in Microsoft Word, Excel and PowerPoint; financial modelling skills are a plus
- Strong understanding of financial and accounting principles and standards; data analytics and presentation capabilities; ability to develop business scenarios; knowledge of market fundamentals, business trends and best practices
- Ability to work with and influence multi-discipline teams across Finance, Strategy and the business; stakeholder management with internal (Commercial, Finance, Assurance, Legal, Procurement, PT&C including IDS and SAP support, OQ SAOC, OQT) and external (JV partners, auditors, contractors, vendors, suppliers, government) parties
- Ability to operate in an office environment with intensive computer use, conduct sporadic site visits and undertake international travel when needed; time-management and stress-resilience aligned to deadlines and KPIs