FP&A Cost Management Specialist

5 - 9 years

0 Lacs

Posted:2 days ago| Platform: Shine logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Role Overview: As the FP&A Senior Cost Engineer at bp, your main focus will be on partnering with the Oil & Gas Management team to deliver cost & capex management services for the businesses. You will collaborate with various teams to ensure high-quality performance data and promote the use of standardized systems to drive improved outcomes. Additionally, you will be responsible for leading cost performance processes, developing plans, budgets, and forecasts, and applying technology for cost performance analyses. 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 AFEs - Operational - Monitor 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 Cost Management Tool (CMT) - Performance management and reporting - Collaborate with BROs to develop plans, budgets, and forecasts - Apply technology to develop monthly cost performance analyses - Prepare monthly variance commentary of actuals against QPF - Lead cost performance processes with regionally deployed BROs - Support and collaborate with various teams in analyzing metrics and key performance indicators - Continuous Improvement - Continuously improve cost-related systems and processes to increase automation Qualification Required: - Must have educational qualifications in an Engineering Field Degree level or equivalent - Preferred Education/certifications include Masters Degree or other qualification in a finance field e.g. MBA, CA, ICWA/Cost Accountants - 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 - Must have experiences/skills in advanced-level use of PowerBI, Excel, and data analytics, strong verbal and written communication skills, prior experience in finance processes, and ability to gain trust from finance and business senior collaborators Company Details: At bp, you will be part of an inclusive environment where diversity is valued and respected. The company culture focuses on supporting diverse and unified teams, recognizing achievements, and promoting fun and giving back to the environment. You will have opportunities for learning and career development, life and health insurance, medical care packages, and various other benefits. If this role excites you and you are ready to contribute to bp's mission, apply now! Role Overview: As the FP&A Senior Cost Engineer at bp, your main focus will be on partnering with the Oil & Gas Management team to deliver cost & capex management services for the businesses. You will collaborate with various teams to ensure high-quality performance data and promote the use of standardized systems to drive improved outcomes. Additionally, you will be responsible for leading cost performance processes, developing plans, budgets, and forecasts, and applying technology for cost performance analyses. 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 AFEs - Operational - Monitor 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 Cost Management Tool (CMT) - Performance management and reporting - Collaborate with BROs to develop plans, budgets, and forecasts - Apply technology to develop monthly cost performance analyses - Prepare monthly variance commentary of actuals against QPF - Lead cost performance processes with regionally deployed BROs - Support and collaborate with various teams in analyzing metrics and key performance indicators - Continuous Improvement - Continuously improve cost-related systems and processes to increase automation Qualification Required: - Must have educational qualifications in an Engineering Field Degree level or equivalent - Preferred Education/certifications include Masters Degree or other qualification in a finance field e.g. MBA, CA, ICWA/Cost Accountants - 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 - Must have experiences/skills in advanced-level use of PowerBI, Excel, and data analytics, strong verbal and written communication skills, prior experience in finance processes, and ability to gain trust from finance and business senior collaborators Company Details: At bp, you will be part of an inclu

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