FP&A Cost Management Specialist

Role Overview: You will be a part of The Finance Business & Technology (FBT) organization at bp, which is focused on modernizing and digitizing finance activities. Specifically, you will join the Financial Planning and Analysis (FP&A) team, playing a crucial role in driving end-to-end process control and compliance. Your responsibilities will include delivering best-in-class financial insights and analysis to support business decisions, standardizing processes, and driving operational excellence within bp. Key Responsibilities: - Business Partnering: - Support Budget Responsible Officers (BROs) in preparing monthly Value of Work Done (VOWD) for project and cost centre scopes. - Lead the creation, documentation, validation, and approval of Authorization for Expenditure (AFE) as required by asset-specific joint operating agreements. - Operational: - Monitor Purchase Orders (POs) associated with project scopes and provide support to BROs. - Support BROs with invoice resolution through collaboration with SAP specialists. - Technical Lead: - Provide Super-User support for the Cost Management Tool (CMT), maintaining master data and cost data mapping. - Performance Management and Reporting: - Collaborate with BROs to develop plans, budgets, and forecasts. - Apply technology to develop monthly cost performance analyses and generate action plans to improve performance. - Prepare monthly variance commentary of actuals against QPF for accurate financial reporting. - Continuous Improvement: - Continuously improve cost-related systems and processes to increase automation and move towards a self-service model. Qualifications Required: - Must have educational qualifications in an Engineering Field Degree level or equivalent. - Preferred Education/certifications include a Masters Degree or other qualification in a finance field. - Minimum 5 years of relevant post-degree experience in a cost engineer role. - Preferred experience within global, complex, and matrix organizations in financial reporting, budgeting, and forecasting, preferably in oil & gas, retail, logistics, manufacturing, or asset-based businesses. - Advanced-level proficiency in PowerBI, Excel, and data analytics. - Strong verbal and written communication skills. - Prior experience in finance processes such as estimating value of work done, budgeting & forecasting, and cost monitoring & analysis. - Ability to gain trust from finance and business senior collaborators.,