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Budget & Control Manager


Jeddah - Saudi Arabia
Full-Time Job Apply Method - External site
Posted Date - N/A Expiry Date - N/A
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Job Description
  • Budget and Cost Control Planning

    •      Support the establishment of annual financial budgets and targets for each plant, to ensure they meet the management’s expectations and the overall strategic goals of NOMAC.

    •      Work with the different stakeholders (Plant GMs, finance team etc.) to ensure seamless collaboration and ensure any variances / clarifications are provided on time.

    Budget Monitoring

    •      Monitor the financial performance against the budget to ensure awareness of anticipated costs/revenues, identification of areas of unsatisfactory performance or cost reduction, and capitalization of performance improvement opportunities.

    Trends and Forecasting Analysis

    •      Analyse cost trends and forecasts for project costs, and communicate it to all related parties, in order to help recommend necessary measures, actions and methods to be taken.

    •      Consolidate the monthly forecast of payments required based on budget and actual commitments and share it with the Finance team, to ensure timely and efficient pay-outs as per the contractual agreements.

    Financial Control

    •      Implement the financial controls framework at the plant level, by integrating industry best practices and financial risk management activities to establish financial information sharing and reporting standards.


    •      Prepare regular monthly reports and reviews of projects cost performance, and provide all concerned parties with regular feedback and advice, in order to increase their engagement in increasing the company’s profitability.

    Budget Advice

    •      Provide expert advice on cost and budgeting issues related to current projects in order to help improve performance of the plants.

    Policies, Processes, Systems & Procedures

    •      Implement approved departmental policies, processes and procedures, and ensure employee adherence so that work is carried out to the required standard while delivering the required standards of service to customers and stakeholders.

    Health, Safety, Security & Environment

    •      Ensure compliance to all relevant health, safety, security and environmental management policies, procedures and controls across the department to guarantee employee safety, legislative compliance and a responsible environmental attitude.

    Related Assignments

    •      Perform any other duties which the organization may require to be carried out.       

    Job Details

    Posted Date:2020-02-16
    Job Location:Jeddah , Saudi Arabia
    Job Role:Financial Analyst

    Preferred Candidate

    Career Level:Management
    Nationality:Saudi Arabia; Other
    Degree:Bachelor\'s degree


The First National Operation and Maintenance Company “NOMAC” is an ACWA Power subsidiary founded in 2005 and firmly established in the GCC, North Africa and South, Middle Europe and East Europe regions, providing high quality O&M (Operation & Maintenance) services for power production and water desalination projects, regionally and worldwide.

Supported by accelerated global expansion, NOMAC is enabled to draw near to realize its vision of being a leading global O&M service provider in the power production and water desalination sectors.

Our broad range of services includes, but is not limited to long term O&M, major overhaul of high-tech plant equipment, and development of plant-specific Standard O&M procedures.

In total, NOMAC is responsible for the operation of a portfolio of 17,146 MW of power generation and 2.83 million cubic meters per day of desalinated water production. NOMAC is the largest private sector potable water producer using desalination process in the world. NOMAC contributes 40% of water and 15% of electricity of total Saudi Arabia’s Demand.

We are privileged to be responsible for the O&M of some of the largest plants ever built in the world, including the largest MSF plant, the largest Combined Cycle and Concentrated Solar Power project. Currently the company has full operational responsibility major projects, regionally and worldwide; operating successful ongoing projects in Saudi Arabia, UAE, Oman, Morocco, South Africa and others in Turkey, Bulgaria, and Vietnam.

NOMAC is highly capable of providing safe and reliable execution of all aspects of the operation and maintenance of large scale power generation and water desalinization facilities.

As a world-class Operations and Maintenance service provider, NOMAC employees demonstrate a commitment in terms of safety and quality by operating all plants in accordance with their design and to the highest standards and the latest operating practices.


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