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Cost Analyst (Corporate Finance) – VR/23907

Status: Temporary
Location: Westhill, Aberdeen
Ref: VR/23907
Rate: Available Upon Request

TMM Recruitment is supporting a major E&P business who are looking for a Cost Analyst for their Corporate Finance function. This is a core role so will be an ongoing temporary position. The Cost Analyst will provide analysis and support to management to facilitate decision-making.


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.



  • 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.



  • 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

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