Company: BP Energy
Region: Budapest , Budapest
Entity:
Finance
Job Family Group:
Finance Group
Job Description:
Its an exciting time to join bp. Weve set out a new purpose to reinvent energy for people and our planet. At the heart of this is accelerating our progress on diversity, equity and inclusion - we strive to be a company where everyone can be their best and true selves and reach their full potential.
Would you like to discover how our diverse, hardworking people are owning the way in making energy cleaner and better and how you can play your part in our extraordinary team?
You will be the part of The Finance Business & Technology (FBT) organization as bp is modernizing and digitizing finance activities. Within FBT, the Financial Planning and Analysis (FP&A) team plays a critical role in driving end-to-end process control and compliance. The FP&A team is instrumental in delivering best-in-class financial insights and analysis to support business decisions, while also chipping in to the standardization of our processes and driving operational completion. By joining the FP&A team, you will be part of a group that brings additional value to bp through innovative financial strategies and solutions.
Join bp as FP&A Cost Performance Senior Analyst O&G!
About role itself:
The Cost Performance Senior Analyst has responsibility for delivering cost performance management including capital expenditure for businesses/functions. The role will involve closely working with various collaborators including engineers and other subject areas to develop budgets and forecasts, rigorous cost control, deep dive into cost analysis and understanding of business context for the supported functions/business.
What will you deliver?:
Business Partnering and Performance Insights:
- Establish and maintain a proactive business partnering relationship with the relevant Business/Function Leadership team. Ensure the underlying performance is well understood. Proactively challenge and propose performance improvements. Monitor and investigate anomalies and trends.
- Support the Performance Management agenda for the entities in scope: Ensure robust and timely forecasts. Deliver MI analysis and commentary for the leadership team.
- Supervise and support cost reduction initiatives: Ensure effective tracking and accurate analysis of profitability. Analyze and interpret actuals. Support reporting and cost allocation processes.
Business Planning:
- Work with customers to produce detailed cost forecasts by activity for the business planning process. Develop insights and highlight areas where performance targets are not being met.
- Submit plan/forecast data into relevant cost management systems: Ensure data quality in the submissions.
Business Partnering and Performance Insights:
- Build and maintain a proactive business partnering relationship with the relevant Business/Function Leadership team. Ensure the underlying performance is well understood. Proactively challenge and propose performance improvements. Monitor and investigate anomalies and trends.
- Support the Performance Management agenda for the entities in scope: Ensure robust and timely forecasts. Deliver MI analysis and commentary for the leadership team.
- Supervise and support cost reduction initiatives: Ensure effective tracking and accurate analysis of profitability. Analyze and interpret actuals. Support reporting and cost allocation processes.
Business Planning:
- Work with collaborators to produce detailed cost forecasts by activity for the business planning process. Develop insights and highlight areas where performance targets are not being met.
- Submit plan/forecast data into relevant cost management systems: Ensure data quality in the submissions.
- Support ad-hoc and strategic business decisions: model the impact of various business scenarios. Present results and insights into leadership.
- Accountable for the stewardship and maintenance of the master data and cost center information for the business. This includes ensuring the appropriate cost and capital expenditure categories are used in budgets and forecasts.
Performance Reporting:
- Responsible for the cost performance reporting activities for the respective business. Deliver performance insights that the business can action to improve cost performance.
- Provide timely, accurate, and reliable financial and management information.
- Explain the underlying delivery of actuals vs. forecasts on a monthly/quarterly basis: Update in-year outlook.
- Provide input for the cost allocation/recharge process for the entities. Explain cost allocations to customers as needed.
Continuo