Manager, Financial Planning (UAE National)

Company Description

Masdar is the UAE’s clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar operates in over 40 countries, helping them achieve their clean energy objectives and promote sustainable development. The company is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA). It aims for a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year.

Job Description

The role involves managing government budgeting and reporting (financial and operational) for various business projects, including stakeholder relations, budgeting, forecasting, and treasury processes, to ensure accurate and timely reporting in accordance with policies and procedures.

Assist with consolidating and reporting financial and business performance against internal KPIs and plans, and oversee manpower budgeting and forecasting to support the consolidated business plan.

Responsibilities :

• Design and prepare monthly management reports for all government-funded initiatives.
• Report monthly to the CFO and senior management on government-funded initiatives, highlighting variances, issues, and recommendations.
• Prepare and submit financial returns to the Department of Finance (DOF) and Department of Energy (DoE) on a monthly, quarterly, and yearly basis, and handle ad-hoc requests from government entities.

Manage reporting to the Department of Economic Development (DED) and the Executive Council (EC) promptly.

• Ensure transactions related to ZSP & IRENA are accurately reflected and accounted for.
• Review and analyze transactions in the GL, prepare journals for reclassification, and process sub-ledger inputs (e.g., Accounts Payable) before month-end deadlines.
• Coordinate with project managers to ensure accruals, provisions, and prepayments are prepared and entered monthly; monitor project costs and prepare activity reports comparing actual costs against budgets.
• Manage reconciliations and supporting documentation for monthly management reviews, external audits, and shareholder reports.
• Oversee the entire budgeting process for government-funded initiatives, ensuring alignment with DOF requirements.
• Lead budget submissions and approvals with DoE, ensuring compliance with regulations and guidelines.
• Guide management on budget matters related to DoE and DoF.
• Manage and prepare DOF budget templates and communicate updates based on new guidelines.
• Lead manpower budget submissions in collaboration with Human Capital.
• Prepare and complete budget templates for ZSP and IRENA, and develop quarterly drawdown forecasts to maintain positive cash flow.
• Review budget submissions for compliance, consolidate budgets, and track actuals versus budgets annually.
• Coordinate quarterly and annual forecast exercises, and facilitate budget review meetings with C-Level executives.

Qualifications

This is an Emiratization role.

Preferred Experience :

• 6-8 years in financial planning and reporting, preferably with government reporting experience, including 3-4 years in a group financial planning role within large multinational companies or equivalent experience.

Job-Specific Skills :

• Exceptional communication and interpersonal skills for a consultative approach within a corporate environment.
• Extensive knowledge of ERP systems.
• Strong understanding of IFRS, accounting processes, internal controls, and auditing standards.

Additional Information

Masdar is a leading renewable energy and green hydrogen company, positioning the UAE at the forefront of the energy transition. It operates projects across six continents, with investments exceeding US$30 billion. The company is a collaboration between Mubadala, ADNOC, and TAQA, leveraging their combined expertise to drive innovation in solar, wind, energy storage, waste-to-energy, and geothermal energy technologies, delivering viable and bankable projects.

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