KEY RESPONSIBILITIES
- For senior roles: Supervise and train/coach the cost control team where required
- Prepare monthly and ad-hoc reports and make the necessary improvements prior to their issuance to Budget Owners
- Ensure the variance analysis to budget is insightful to allow early remedial action by Budget owners
- Monitor and control running Costs for affiliate or project technical departments (including Field Operations and Drilling activities)
- Monitor Sole Costs and Company Request for Service (RFS), while ensuring a fair and equitable distribution to sole and the Joint Ventures/projects with regular engagement with Senior Management through facilitated cost review meetings
- Manage and/or coordinate the Cost structure and allocation procedure in SAP/UNISOL: Prepare the cost breakdown structure for the Hub. Ensure that the Cost Breakdown structure is line with the work breakdown structure
- Liaise with the finance team to ensure consistency and completeness of cost data provided for Consolidated Expenditure Statements
- Participates in accounting monthly report with the Head of Accounting
- Maintain a strong relationship with the Contract and Procurement (C&P) team to ensure the Cost Control team is aware of existing and upcoming supplier contracts. Ensures Cost Controllers are consulted for the creation of new contracts and purchase requisitions
- Continuously promote good practices in Cost Control and reporting
- Coordinate responses to audit queries related to Cost Control, and resolution of audit exceptions
- Ensure Compliance with provisions of contracts and Delegation of Authority
- Ensure the related Cost control activities as per deadlines: accruals, timesheets, and cost drivers allocations (for logistics, drilling, structure cost etc.), and their allocation to operating and capital expenditures
- Co-ordinate with the Assets, projects and corporate functions to capture realistic and complete value of work done
- Collect financial data and prepare annual budget and related forecasts in liaison with the budget holders
- Contribute to the annual work program and budget preparation and report, Joint Venture (JV) monthly cost, and cash call reports
- Implement and update all Cost Control related policies, procedures, and manuals in line with the Group standards
- Develop, implement and maintain the reporting and methodology to measure cost performance and delivery of dashboards to provide cost analysis to the Directors and Budget holders
- Participates in and promotes the implementation of financial tools recommended by Headquarters (QH)
REQUIREMENTS
- Bachelor’s Degree in Accounting, Finance, Engineering or equivalent
- Experience ranging from Minimum 5 to 15 years’ experience with at least 5 years in Oil and Gas
- In depth knowledge understanding to cost control and reporting aspects related to large international projects
- Minimum 5 years in Oil and Gas and in disciplines (Logistics, Drilling, Operations or projects, etc.)
- Solid knowledge of finance systems, especially SAP FI/CO, BW
- Advanced level of Excel
- Knowledge of Hyperion Essbase a plus
- Strong analytical, communication and interpersonal skills
- Good knowledge of English language (speaking and writing)
*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.