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  • Job reference: RMS0224869

Cost Analyst

  • Sector: Oil & Gas
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 23/04/2020
  • Duration: ongoing
This vacancy has now been filled.

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The Role:
This position will contribute significantly to the Asset's ability to optimise the cost performance, ensuring that decisions can be taken with full knowledge and understanding of budget and cost impact. The integrity of the data captured and the extent of challenge that is exercised by this role is imperative to the quality of the budgets, future forecasting and analysis of expenditure within the Asset.

Main duties will include:
* Prepare timely and accurate cost reporting for both internal and external clients
* Analyse actual costs and forecast expenditure as directed and provide details on variances between budget and forecast
* Prepare budgets in conjunction with budget holders and as directed by the Lead Cost Performance
* Challenge forecasts and expenditure to ensure 'value for money' and consistency of approach within context of complex and dynamic environment
* Review cost allocation & charge-back mechanisms periodically, in conjunction with customers to ensure these remain equitable in a changing business environment
* Regularly forecast expenditure against budget, highlighting anomalies, whilst helping promote cost consciousness amongst budget holders
* Work proactively with peers within the department to ensure that data sent from the department is validated, timely and approved by the relevant personnel and in turn that data used from external departments is approved by the relevant authority in those areas
* Responsible for providing back up to the Cost Administrators in conjunction with Contract Representatives for amendments to commitments
* Progress invoice approval in role of financial authority and liaise with technical authorities
* Ensure correct coding is applied to all cost commitments
* Assist in the preparation of project cost estimates
* Assist with audit and SOX requirements as necessary
* Adhoc queries and response to Joint Venture Partners
* Provide support for JV Partner meetings as required by the Lead Cost Performance

The Company:
Our Client is one of the world's largest Oil and Gas companies. Their operations cover the entire energy chain, including oil exploration and production to trading, shipping and refining and marketing of petroleum products, as well as chemicals. Our Client has operations in over 130 countries and has more than 95,000 employees worldwide.

Essential Skills / Qualifications:
* Preferably a graduate in a relevant discipline
* Previous experience in the oil/gas industry with cost reporting experience
* Detailed understanding of cost control / cost accounting principles
* General understanding of the oil and gas industry
* Analytical skills with a knowledge of financial analysis techniques and economic measures
* Computer literate, with experience of SAP, Excel and Powerpoint
* Team player with ability to work on own initiative

About Fircroft:
Fircroft has been placing people in specialist technical industries for approaching half a century, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

Fircroft is registered as a Data Controller with the Information Commissioner as required under the General Data Protection Regulation 2016/679. Fircroft will only process your personal data for the specific purposes of managing your application.

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