Key Duties and Responsibilities:

Budget and Forecast

• Preparing Budgets and Forecasts in conjunction with Budget Holder as directed by the Lead Cost Controller.
• Reviewing forecast expenditure against Budget / Forecast / Commitments, highlighting anomalies, whilst helping promote cost consciousness / cost challenge amongst Budget holders and spenders.
• Assisting in the review of cost allocations and charge-back mechanisms periodically, in conjunction with customers to ensure these remain equitable in a changing business environment.

Reporting

• Developing and maintaining reports in SAP to monitor expenditure against Budgets, Forecasts, Commitments and AFEs as appropriate.
• Conducting monthly reviews of the Cost Control data with Budget Holder and updating as appropriate in-line with significant activity changes in the monthly corporate planning.
• Preparing the Summary of Expenditure Reports and reviewing monthly with Budget Holders to agree the Forecast and confirming variance commentary is correct.
• Producing an appropriate level view of Organisation forecasted costs and the indirect units as necessary for the respective area.
• Responsible for AFE preparation support, control and reporting for the respective area.
• Preparing timely and accurate cost reporting for both internal and external clients with advice / commentary as necessary.

Analysis

• Analysing actual costs and forecasting expenditure as directed and providing details on variances between budget and previous forecast.
• Reviewing cost allocation & charge-back mechanisms periodically, in conjunction with customers to ensure these remain equitable in a changing business environment.
• Progressing invoice approval with technical and financial authorities.
• Ensuring correct coding is applied to all cost commitments.
• Running periodic reports from SAP for use by cost controllers and budget holders e.g., time writing reports, commitment reports, cost reports.
• Performing reconciliation of data highlighting where time sheets are missing and taking follow up action where necessary.
• Carrying out master data maintenance in SAP.

Requirements for this role are:

• Minimum of 3 years of relevant experience in the oil and gas industry.
• Understanding of costing.
• Analytical skills with a knowledge of financial analysis techniques and economic measures.
• Computer literate, with experience of SAP, Microsoft Excel and Microsoft PowerPoint.

TMM Recruitment