bp Launchpad · 1 month ago
FP&A Cost Management Specialist
Evansville, IN
Full-time
Onsite
Mid, Senior Level
5+ years expbp Launchpad is focused on bringing together people, energy, and markets to navigate a changing world. The FP&A Cost Management Specialist role involves partnering with the Oil & Gas Management team to deliver cost and capex management services, supporting Budget Responsible Officers, and applying technology for cost performance analyses.
Business DevelopmentFinancial ServicesVenture Capital
Responsibilities
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)
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
Monitor POs associated with project scopes and provide support to BROs
Support BROs with invoice resolution through collaboration with SAP specialists
Provide guidance on SES release, assist with vendor payment requests, and manage SES reversals
Provide Super-User support for CMT, maintaining master data and cost data mapping
Collaborate with BROs to develop plans, budgets, and forecasts, ensuring the inclusion of third-party costs, labour, overhead, and allocation data into relevant planning and cost management systems to eliminate data gaps and ensure data quality
Apply 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
Prepare monthly variance commentary of actuals against QPF, ensuring accurate financial reporting
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
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
Continuously improve cost related systems and processes to increase automation and move towards increasing the self-service model
Qualification
Required
Engineering Field Degree level or equivalent
5 years of relevant post degree experience in cost engineer role
Advanced-level use of PowerBI, Excel, and data analytics
Strong verbal and written communication skills
Prior experience in finance processes, especially in estimating value of work done, budgeting & forecasting, and cost monitoring & analysis
Continuous improvement in performance management and MI to promote standardization and simplification
Ability to gain trust from finance and business senior collaborators
Preferred
Master's Degree or other qualification in a finance field e.g. MBA, CA, ICWA/Cost Accountants
Experience within global, complex and matrix organizations in financial reporting, budgeting and forecasting, preferably in oil & gas or retail or logistics or manufacturing or asset-based businesses
Benefits
Life and health insurance, medical care package
Learning opportunities and other development opportunities to craft your career path
A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and the attitude of giving back to our environment are highly valued
Possibility to join our social communities and networks
Company
bp Launchpad
Started in 2018, bp Launchpad is an investment unit and business scale-up which backs and rapidly scales disruptive energy start ups through provision of growth capital, scaling support and strategic synergies with bp.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Tom Grey
Chief Technology Officer
Company data provided by crunchbase