Manager, Business Planning & Budgeting (UAEN)
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Key skills for this role
About the Role
TAQA Group is seeking a Manager for Business Planning & Budgeting to lead portfolio-level financial planning, capital planning, and performance monitoring for TAQA Generation's global portfolio.
Key Skills for This Role
Responsibilities
- Lead the consolidation and analytical review of annual business plans, budgets and rolling forecasts across the Generation portfolio.
- Review and challenge financial assumptions, key value drivers and underlying methodologies used by portfolio entities.
- Oversee portfolio level financial forecasting, including cash flow, earnings, returns and capital deployment outlooks.
- Monitor financial and operating performance of portfolio entities against budgets, forecasts, investment case benchmarks and management targets.
- Perform structured performance health checks to identify early signs of underperformance, cost overruns, margin erosion or capital inefficiencies.
- Lead performance look back analysis to assess root causes of variances and recurring performance trends.
- Conduct portfolio level analytical reviews, including comparative analysis across assets, geographies and ownership structures.
- Perform scenario, sensitivity and stress analysis to evaluate the impact of changes in market conditions, fuel prices, regulation, operational performance or capital strategies.
- Oversee portfolio capital planning, including growth, maintenance and transformation capital programs.
- Track performance against approved investment cases, highlighting value leakage, delivery risks or deviations from original assumptions.
- Lead preparation of consolidated portfolio performance reports, dashboards and executive summaries for senior management and stakeholders.
- Work closely with Asset Management, Technical Operations & Excellence and other stakeholders to address identified performance gaps.
Requirements
- Bachelor’s degree in Finance, Business Administration or equivalent.
- 8 years of relevant working experience in financial planning and budgeting or a similar role in Finance.
Full Job Posting
Job Summary
- The role is responsible for leading portfolio level financial planning, capital planning, performance monitoring and analytical insight for TAQA Generation’s global portfolio of assets.
- The position oversees budgeting, forecasting, performance reporting, investment case tracking and forward looking analysis across wholly owned, joint controlled and minority investment SPVs.
- The role ensures that portfolio entities are performing in line with approved investment cases and senior management expectations, that emerging risks or underperformance are identified early, and that insights are translated into timely actions in collaboration with Asset Management and Technical O
- The role provides consolidated, decision useful insights to senior management, shareholders and key stakeholders.
General Responsibilities
- Implement the divisional strategy in line with business vision, mission, and corporate objectives in compliance with group delegation of authority policy.
- Ensure that the overall business strategy is translated into annual operational business plans and the performance is monitored to ensure business plans are in line with the overall strategy.
- Implement divisional policy, systems, processes, procedures and controls covering all functional areas in line with group delegation of authority policy to ensure fulfilment of all relevant procedural/legislative requirements while delivering quality and cost effective service in a consistent manner
- Ensure all divisional reports are completed timely and comply with business policies and standards.
- Manage the preparation of periodical management reports and progress reports to keep the senior management informed about the progress of various initiatives and to facilitate decision making.
- Comply with organization’s requirements in a timely manner.
Job Specific Responsibilities
- Lead the consolidation and analytical review of annual business plans, budgets and rolling forecasts across the Generation portfolio.
- Review and challenge financial assumptions, key value drivers and underlying methodologies used by portfolio entities, ensuring consistency with approved investment cases and Group planning assumptions.
- Oversee portfolio level financial forecasting, including cash flow, earnings, returns and capital deployment outlooks.
- Ensure alignment between operational plans, capital programs and financial forecasts.
- Monitor financial and operating performance of portfolio entities against budgets, forecasts, investment case benchmarks and management targets.
- Perform structured performance health checks to identify early signs of underperformance, cost overruns, margin erosion or capital inefficiencies.
- Lead performance look back analysis to assess root causes of variances and recurring performance trends.
- Track portfolio KPIs and value drivers, highlighting emerging risks, opportunities and areas requiring management intervention.
- Conduct portfolio level analytical reviews, including comparative analysis across assets, geographies and ownership structures.
- Assess structural performance differences between wholly owned, jointly controlled and minority investments.
- Perform scenario, sensitivity and stress analysis to evaluate the impact of changes in market conditions, fuel prices, regulation, operational performance or capital strategies.
- Provide forward looking insights to support strategic decision making, capital allocation and prioritization discussions.
People Management Responsibilities
- Model continuous improvement and professional development. Make decisions with integrity, transparency, and focus on the organization’s goals.
- Execute talent development initiatives focused on skill enhancement and career progression. Build a team culture connected to the organization’s larger purpose.
- Champion the organization’s values within the dispersed team, encouraging a collaborative and innovative work environment.
- Empower the dispersed team to make informed decisions. Ensure clear communication, both up and down the chain, aligning with organizational objectives.
Essential Requirements
- Bachelor’s degree Finance, Business Administration or equivalent.
- 8 years of relevant working experience in financial planning and budgeting or a similar role in Finance.
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