Financial Planning and Analysis Specialist – Capex

Job Description

Hello,
Greeting from Quess Corp!!

Hope you are doing well

we have job opportunity with one of our client

Designation _ Analyst / Sr Analyst – Financial Planning and Analysis

Location – Pune

Experience – 5yrs to 12 Yrs

Qualification – Engineering Discipline Degree level or equivalent Preferred education/certifications: / Master’s Degree or other qualification in a finance discipline e.g. MBA, CA, ICWA/Cost Accountants

Skills – FPNA

JD —

The FP&A Senior Cost Management Specialist focuses on partnering with the Oil & Gas Management team to deliver cost & capex management services for the businesses. The role will involve supporting Budget Responsible Officers (BROs) in preparing monthly Value of Work Done (VOWD) and variance commentary, monitoring POs, and providing Super-User support for the Cost Management Tool (CMT). Leading cost performance processes, developing plans, budgets, and forecasts, and applying technology for cost performance analyses. Collaborating with various teams to ensure high-quality performance data and promoting the use of standardized systems to drive improved outcomes. The incumbent would be required to work under alternative shift arrangements to ensure appropriate overlap hours with Eastern Standard time.

Business Partnering

• Monthly Value of Work Done (VOWD) Preparation: 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).

• AFE Management: 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.

• Operational

• Purchase Order Monitoring: Monitor POs associated with project scopes and provide support to BROs.

• Invoice Resolution: Support BROs with invoice resolution through collaboration with SAP specialists.

• SES Management: Provide guidance on SES release, assist with vendor payment requests, and manage SES reversals.

• Technical lead

• Super-User Support: Provide Super-User support for CMT, maintaining master data and cost data mapping.

• Performance management and reporting

• Planning and Forecasting: Collaborate with BROs to develop plans, budgets, and forecasts, ensuring the inclusion of third-party costs, labor, overhead, and allocation data into relevant planning and cost management systems to eliminate data gaps and ensure data quality.

• Cost Performance Analysis: Utilize 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.

• Variance Commentary: Prepare monthly variance commentary of actuals against QPF, ensuring accurate financial reporting.

• Cost Performance Leadership: 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.

• Collaboration and Analysis: 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

Must Have –

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 stakeholders

Regards