My Jobs

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.

  

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

My Jobs

We're sorry!

Our website has detected that you are using an out of date or unsupported web browser (Internet Explorer Version 11 or below).

Please use a modern browser to access our site and revisit us once you have upgraded, thank you.

Download Google Chrome Browser
Download Chrome
Download Mozilla Firefox Browser
Download Firefox
Download Internet Explorer Edge Browser
Download IE Edge