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  • Job reference: RMS0119083

Senior Cost Analyst

  • Sector: Oil & Gas
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 21/01/2013
This vacancy has now been filled.

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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.

The Role:
•The Snr Cost Analyst is expected to work independently and exercise their own initiative. The value to the project of this position is in the development and monitoring of budgets; the challenge to expenditure; and the forecasting of future spend, all of which are fundamental and essential in enabling the Company to improve the control of costs and accurately plan and budget for the future. The area covered is both complex and dynamic, with the propensity for frequent change in the annual and life of project business cycles, requiring close attention to consistency at company and partner levels.

•Manage the preparation and consolidation of the monthly payment forecasts and actual expenditure from Contractor Schedules and Package Managers.
•Accountable for ensuring an adequate level of Cost reports are produced to project Management to provide accurate and complete information with an appropriate level of variance analysis in a timely manner; highlighting areas of concern and significant changes;
•Attend meetings to provide Cost Consultancy support and advice to project Management in respect of any cost implications of significant activity changes as highlighted; e.g. Corporate Planning, Contracts Management Committee, etc.
•Responsible for co-ordinating the teams attendance at regular meetings and cost reviews with the main EPC Contractors and Contract Managers; ensuring all change orders and forecasts are managed and reported.
•Responsible for initiating the liaison between departments to facilitate the approval of significant activity changes to ensure ‘best fit’ is obtained between costs and schedules. In particular to align forecast with the Long Term Plan. In order to provide management with an overall consistent view of the cost implications of the intended workscope.
•Identify areas of spend to be challenged in terms of ‘value for money’ and to highlight overall trend of costs/ investigate significant trend variation whilst recognising market conditions.
•Provide supporting documentation for Partner Technical and Budget meetings as appropriate, whilst safeguarding the interests of company and partners;
•Delivery of Partner presentations at Technical and Operating committee meetings as required.
•Responsible for monitoring the indirect allocations; ensure correct allocation of organisation and other pool costs.
•Assist in the ongoing development and maintenance of coding structures and reporting. Develop and maintain reports in SAP to monitor expenditure against budgets and AFEs
•Work closely with management in the evaluation of technical and commercial aspects of commitment proposals, in order to assist management in the selection and award of contracts.
•Provide both overview and detailed cost estimates from Engineering scopes for discussion/approval by management/proponent for inclusion into AFEs and Budgets.
•Be proactive in providing guidance/supervision (where required) to the Cost Analysts, Administrators and Accountants to ensure accurate, consistent reporting.
•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.
•Management and development of resources available within direct team to provide cost control support to the Project.
•Provide expertise to assist with audit and SOX requirements

Essential Skills / Qualifications:
•Degree holder and qualified accountant (CIMA) or quantity surveyor with experience preferably in the oil industry in a business and commercial or finance environment.
•Good understanding of the development cycle and technical operations of operating assets within the oil and gas industry
•Excellent analytical skills and a sound knowledge of financial analysis techniques and economic measures
•Experience of budget preparation, cost control and planning within a large organisation
•Commercial awareness
•Knowledge of Accounting and Reporting standards
•Computer literate with experience of various applications (primarily SAP, Excel and PowerPoint)
•Supervisory skills required
•Excellent communication and presentation skills

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