FP&A Cost Performance Senior Analyst

Full time
FP&A Cost Performance Senior Analyst
India, Pune 4 days ago

Job category
Finance
Experience level
Intermediate
Relocation available
This role is eligible for relocation within country
Job type
Professionals
Travel required
Negligible travel should be expected with this role
Job code
RQ106972
Job Description

About the Role - The FP&A Senior Cost Management Specialist focuses on partnering with the Oil & Gas Management team to deliver cost & capex management services for the businesses. The role will involve supporting Budget Responsible Officers (BROs) in preparing monthly Value of Work Done (VOWD) and variance commentary, monitoring POs, and providing Super-User support for the Cost Management Tool (CMT). Leading cost performance processes, developing plans, budgets, and forecasts, and ing technology for cost performance analyses. Collaborating with various teams to ensure high-quality performance data and promoting the use of standardized systems to drive improved outcomes.

The incumbent would be required to work under alternative shift arrangements to ensure appropriate overlap hours with Eastern Standard time.

More details -

Business Partnering
Monthly Value of Work Done (VOWD) Preparation: Support Budget Responsible Officers (BROs) in preparing monthly VOWD for project and cost centre scopes, continuously improving the process and supporting its application within the Cost Management Tool (CMT).
AFE Management: Lead the creation, documentation, validation, and approval of AFEs as required by asset-specific joint operating agreements and communicate cost objects to the organization following AFE approval.
Operational
Purchase Order Monitoring: Monitor POs associated with project scopes and provide support to BROs.
Invoice Resolution: Support BROs with invoice resolution through collaboration with SAP specialists.
SES Management: Provide guidance on SES release, assist with vendor payment requests, and manage SES reversals.

Technical lead
Super-User Support: Provide Super-User support for CMT, maintaining master data and cost data mapping.
Performance management and reporting
Planning and Forecasting: Collaborate with BROs to develop plans, budgets, and forecasts, ensuring the inclusion of third-party costs, labor, overhead, and allocation data into relevant planning and cost management systems to eliminate data gaps and ensure data quality.
Cost Performance Analysis: Utilize technology to develop monthly cost performance analyses (e.g., monthly & quarterly run-rates, cost-reducing initiative delivery, actuals/accrual variance to plan, year-on-year costs) and generate action plans to improve performance.
Variance Commentary: Prepare monthly variance commentary of actuals against QPF, ensuring accurate financial reporting.
Cost Performance Leadership: Lead cost performance processes with regionally deployed BROs, promoting the use of new and standardized systems, and coaching BROs on using available tools to drive self-service, efficiency, and value generation.
Collaboration and Analysis: Support and collaborate with the O&G FP&A Business Performance Team, central Enabler Performance teams, and the FP&A Performance Management Benchmarking & Metrics team in analyzing metrics and key performance indicators to ensure high-quality, streamlined delivery of performance data.

Continuous Improvement:
Continuously improve cost related systems and processes to increase automation and move towards increasing the self-service model.

Legal Disclaimer:
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.
Our innovative Energize recognition points programme and spot awards translate exceptional performance into tangible rewards, to motivate our high performers.Pay bp offers competitive pay in line with industry standards, making us an employer of choice. Discretionary bonusWe offer discretionary bonuses to reward strong company, business unit and individual performance, and recognition awards, including those related to long service to recognize commitment to the company. Retirement & savings We offer a range of discretionary retirement and savings plans to help provide you and your family with financial security. Insurance benefitsTo give you additional peace of mind, bp provides valuable insurance benefits in some countries. These are designed to provide financial assistance to employees and their families if employees become unwell or die in service. EquityDepending on your location and job level, there may be equity (stock and share) options you are eligible to join so you can be part of bp’s success.