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  • Job reference: RMS0216136

Senior Cost Analyst

  • Sector: Oil & Gas
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 04/09/2019
  • Duration: 12 months
  • Time left:
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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.

Responsibility of challenging forecasts and expenditure to ensure 'value for money' and consistency of approach within context of a complex and dynamic environment; covering Asset Operations, Transportation & Tariff cost.

Cost Performance
* Provide assistance to embed a culture a continuous cost efficiency improvement across the Asset, by:
o Proactively highlighting overall trends of costs and gap analysis
o Raising awareness of cost drivers and measures
o Evaluating technical/commercial aspects of commitment proposals
* Responsible for carrying out regular reviews by the team with the Budget Holders and Contract Manager/Reps to report ongoing progress, review any significant activity changes, highlight any areas of concern and identify corrective actions.
* Provide detailed and summarised cost estimates of scopes for discussion/approval by management/proponent for inclusion into Valcom presentations, commercial aspects of decisions, AFEs and Budgets.
* Highlight overall trend of costs and gap analysis; ensuring full allocation of Organisation, Logistics and other shared pool costs.
* Provide assistance to costing new initiatives, improvements for evaluation.
* Responsible for frequently reviewing allocation keys and challenge where appropriate.

Budgets & Forecasts
* Develop and maintain the Budgets and Forecasts and take responsibility for the content and cost reporting of this data.
* Ensure that data meets with Company and Joint Venture requirements and adheres to the relevant timetable/deadlines.
* Liaise with all other the cost control teams to ensure consistent workscopes and budget scenarios.

SOX & Internal Control
* Ensure compliance with all internal control and SOX procedures.

* Compile and issue all aspects of costs reporting to Management, Finance, JV Partners; ensuring appropriate commentary and graphics are developed for each report.
* Consolidate the reporting for the Asset, including Logistics, Transportation & Tariffs.

* Provide supervision and coaching to the Cost Analyst.
* Actively participate in external and internal Audits, as required and agreed by the asset/company management.
* Participate in JV Partner meetings (Finance Committee, Operations Committee) and provide support to Partners to ensure timely approvals are gained

* Manage the analysis of financial information, identify areas of concern and make recommendations to ensure the optimal cost performance of the Asset.
* Responsible for the timely preparation of all cost information, ensuring consistency to capture for consolidation by the Corporate Finance Reporting.
* Responsible for the timely preparation of accurate and reliable budgets and of their successive revisions, and/or specific cost forecast reviews;
* Ensure and be accountable for compliance to the Partner JOA or JDOA as appropriate.

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:
* Degree holder and/or qualified accountant (CIMA) typically with 5-10 years/relevant post-qualifying experience preferably in the Oil and Gas industry in a business, commercial or finance environment. Good understanding of the technical operations of operating assets within the Oil and Gas industry.
* Experience of budget preparation, cost control and planning within a large organisation.
* Excellent analytical skills and a sound knowledge of financial analysis techniques and economic measures.
* Knowledge of Accounting and Reporting standards.
* Computer literate with experience of various applications (primarily SAP, Excel and PowerPoint).
* Accomplished analytical & decision making skills.

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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